AeroVironment
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 |
|---|---|---|---|---|
| FY2015 | $39.41M | $-23.82M | $848.00K | $5.28M |
| FY2016 | $6.05M | $-15.95M | $-3.10M | $6.12M |
| FY2017 | $-8.25M | $-36.52M | $3.47M | $9.02M |
| FY2018 | $69.83M | $-6.40M | $2.02M | $9.56M |
| FY2019 | $26.95M | $11.55M | $-1.18M | $8.90M |
| FY2020 | $25.10M | $59.17M | $-1.83M | $11.22M |
| FY2021 | $86.53M | $-378.77M | $194.16M | $11.26M |
| FY2022 | $-9.62M | $-52.29M | $-16.61M | $22.29M |
| FY2023 | $11.40M | $-7.00M | $50.83M | $14.87M |
| FY2024 | $15.29M | $-51.71M | $-22.85M | $22.98M |
| FY2025 | $-1.32M | $-28.49M | $-2.86M | $19.55M |
| FY2026 | $-78.40M | $-1.23B | $1.65B | $62.54M |
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.