Casey's
S&P 500
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 | $348.65M | $-399.14M | $-22.60M | $360.73M |
| FY2016 | $472.39M | $-394.97M | $-50.18M | $392.84M |
| FY2017 | $459.27M | $-454.73M | $-3.61M | $433.39M |
| FY2018 | $419.80M | $-609.34M | $166.50M | $577.42M |
| FY2019 | $530.61M | $-457.83M | $-63.17M | $394.70M |
| FY2020 | $504.31M | $-466.64M | $-22.69M | $438.98M |
| FY2021 | $804.09M | $-444.34M | $-101.48M | $441.25M |
| FY2022 | $788.74M | $-1.16B | $191.59M | $326.48M |
| FY2023 | $881.95M | $-545.03M | $-116.93M | $476.57M |
| FY2024 | $892.95M | $-825.36M | $-239.98M | $522.00M |
| FY2025 | $1.09B | $-1.73B | $755.99M | $506.22M |
| FY2026 | $1.38B | $-755.43M | $-425.78M | $655.92M |
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.