Avista Corporation
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 | $267.27M | $-103.74M | $-223.96M | $325.52M |
| FY2015 | $375.64M | $-387.83M | $528.00K | $393.43M |
| FY2016 | $358.27M | $-432.47M | $72.22M | $406.64M |
| FY2017 | $410.30M | $-434.10M | $31.47M | $412.34M |
| FY2018 | $361.89M | $-440.43M | $77.03M | $424.35M |
| FY2019 | $398.21M | $-445.51M | $42.54M | $442.51M |
| FY2020 | $331.00M | $-410.74M | $84.04M | $404.31M |
| FY2021 | $267.34M | $-444.92M | $185.55M | $439.94M |
| FY2022 | $124.00M | $-460.00M | $327.00M | $452.00M |
| FY2023 | $447.00M | $-510.00M | $85.00M | $499.00M |
| FY2024 | $534.00M | $-539.00M | $0 | $533.00M |
| FY2025 | $469.00M | $-564.00M | $84.00M | $570.00M |
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.