CNX Resources
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 | $936.78M | $-1.04B | $-45.83M | $1.46B |
| FY2015 | $511.60M | $-996.22M | $373.78M | $840.35M |
| FY2016 | $464.26M | $487.37M | $-970.40M | $172.74M |
| FY2017 | $648.69M | $-221.92M | $36.10M | $632.85M |
| FY2018 | $885.82M | $-894.65M | $-483.14M | $1.12B |
| FY2019 | $980.56M | $-1.15B | $165.96M | $1.19B |
| FY2020 | $795.07M | $-438.97M | $-350.79M | $487.29M |
| FY2021 | $926.36M | $-420.61M | $-523.78M | $465.86M |
| FY2022 | $1.24B | $-528.29M | $-688.96M | $565.75M |
| FY2023 | $814.59M | $-509.38M | $-326.09M | $679.40M |
| FY2024 | $815.78M | $-484.47M | $-276.68M | $540.33M |
| FY2025 | $1.03B | $-900.91M | $-169.65M | $494.99M |
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.