BWX Technologies
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 | $74.93M | $-199.81M | $104.60M | $76.03M |
| FY2015 | $335.16M | $-71.89M | $-414.42M | $68.34M |
| FY2016 | $239.91M | $-188.92M | $-88.90M | $52.63M |
| FY2017 | $221.96M | $-89.68M | $-61.18M | $96.88M |
| FY2018 | $169.29M | $-326.72M | $-9.32M | $109.34M |
| FY2019 | $279.37M | $-180.00M | $-43.71M | $182.12M |
| FY2020 | $196.44M | $-265.32M | $25.05M | $255.03M |
| FY2021 | $386.03M | $-304.65M | $-90.14M | $311.05M |
| FY2022 | $244.70M | $-256.24M | $13.95M | $198.31M |
| FY2023 | $363.70M | $-155.64M | $-169.37M | $151.29M |
| FY2024 | $408.43M | $-154.56M | $-252.79M | $153.65M |
| FY2025 | $479.85M | $-742.11M | $693.64M | $184.56M |
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.