American States Water Company
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 | $163.27M | $-74.06M | $-51.45M | $72.55M |
| FY2015 | $95.15M | $-90.14M | $-76.63M | $87.32M |
| FY2016 | $96.95M | $-131.22M | $30.34M | $129.87M |
| FY2017 | $144.55M | $-80.03M | $-64.74M | $113.13M |
| FY2018 | $136.77M | $-128.04M | $-1.81M | $126.56M |
| FY2019 | $116.86M | $-153.20M | $30.52M | $151.94M |
| FY2020 | $122.17M | $-131.61M | $44.84M | $130.42M |
| FY2021 | $115.58M | $-145.09M | $-2.27M | $144.52M |
| FY2022 | $117.80M | $-167.10M | $50.34M | $166.24M |
| FY2023 | $67.68M | $-188.76M | $129.16M | $188.54M |
| FY2024 | $198.73M | $-232.78M | $46.64M | $231.96M |
| FY2025 | $229.73M | $-237.54M | $-26.00K | $236.82M |
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.