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S&P 400
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 | $475.00K | $-6.48M | $144.00K | $1.88M |
| FY2015 | $-6.84M | $-59.37M | $72.86M | $3.69M |
| FY2016 | $11.50M | $-13.07M | $201.00K | $4.24M |
| FY2017 | $29.37M | $-22.83M | $-1.13M | $2.21M |
| FY2018 | $36.27M | $-4.64M | $26.35M | $2.10M |
| FY2019 | $38.89M | $-89.87M | $-7.27M | $8.08M |
| FY2020 | $48.30M | $146.51M | $-70.36M | $19.04M |
| FY2021 | $35.39M | $-110.46M | $-7.35M | $8.10M |
| FY2022 | $25.37M | $-6.47M | $-6.16M | $6.54M |
| FY2023 | $60.28M | $-55.58M | $-25.96M | $9.04M |
| FY2024 | $188.16M | $-151.76M | $-43.40M | $2.02M |
| FY2025 | $242.11M | $10.24M | $-187.89M | $3.16M |
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.