The Andersons, Inc.
S&P 600
Cash Flow
Cash Flow Breakdown
Figures in US$OperatingInvestingFinancing
How to read this: the three bars show where cash moved each year. Operating is cash from the core business (you generally want this positive and growing). Investing is usually negative — money spent on assets or acquisitions. Financing shows money raised from, or returned to, lenders and shareholders. Bars above the line are cash in; bars below are cash out.
Operating Cash Flow vs Capex
Figures in US$Operating Cash FlowCapital Expenditure
How to read this: operating cash flow is the cash the business generated; capital expenditure is what it spent on long-term assets like plant and equipment. The gap between them is roughly free cash flow — the cash left over. A wide gap (operating well above capex) means the business funds its investment comfortably from its own earnings.
| Period | Operating Cash Flow | Investing Cash Flow | Financing Cash Flow | Capital Expenditure |
|---|---|---|---|---|
| FY2014 | $-10.07M | $-89.74M | $-94.57M | $59.68M |
| FY2015 | $154.13M | $-238.48M | $33.39M | $72.47M |
| FY2016 | $39.59M | $-28.22M | $-12.49M | $77.74M |
| FY2017 | $75.29M | $-113.49M | $10.50M | $34.60M |
| FY2018 | $-35.52M | $-185.99M | $209.19M | $142.58M |
| FY2019 | $348.56M | $-325.03M | $8.71M | $165.22M |
| FY2020 | $-74.43M | $-86.76M | $136.30M | $77.15M |
| FY2021 | $-51.05M | $487.25M | $-248.77M | $75.77M |
| FY2022 | $287.12M | $-52.90M | $-334.73M | $108.28M |
| FY2023 | $946.75M | $-153.88M | $-263.99M | $150.44M |
| FY2024 | $331.51M | $-163.07M | $-250.36M | $149.19M |
| FY2025 | $177.00M | $-195.32M | $-447.15M | $233.12M |
Figures in USD. Educational data only.
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Operating Cash Flow
- Cash produced by the company's core operations during the period. The US equivalent of "Cash from Operating Activity".How a beginner reads it: A beginner uses this as a reality check on profit, since it reflects cash actually collected. Healthy, consistent operating cash flow underpins a company's ability to invest and repay debt.
- Investing Cash Flow
- Cash used for or generated by buying and selling long-term assets and investments. The US equivalent of "Cash from Investing Activity".How a beginner reads it: A beginner expects this to be negative for companies investing in growth. Reading it next to operating cash flow shows whether the business funds its investments from its own earnings.
- Financing Cash Flow
- Cash flows with lenders and shareholders — borrowing, repaying, issuing shares, buybacks, and dividends. The US equivalent of "Cash from Financing Activity".How a beginner reads it: A beginner reads this to understand whether the company is taking in money (borrowing/issuing) or paying it out (repaying/dividends), and how that fits the operating picture.
- Capital Expenditure
- Money spent on buying or upgrading long-lived assets like plant, equipment, and buildings. Often shortened to "capex".How a beginner reads it: A beginner reads capex against operating cash flow to see whether a company funds its investment from its own earnings. Operating cash flow minus capex is roughly free cash flow.