CorVel Corporation
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 |
|---|---|---|---|---|
| FY2015 | $44.32M | $-24.27M | $-29.40M | $22.87M |
| FY2016 | $51.31M | $-17.36M | $-26.69M | $16.76M |
| FY2017 | $52.05M | $-31.01M | $-25.21M | $31.04M |
| FY2018 | $62.15M | $-27.69M | $-7.30M | $27.69M |
| FY2019 | $78.64M | $-15.27M | $-27.42M | $15.27M |
| FY2020 | $80.83M | $-32.36M | $-56.96M | $32.36M |
| FY2021 | $94.38M | $-17.24M | $-20.64M | $17.24M |
| FY2022 | $67.22M | $-29.82M | $-79.62M | $29.82M |
| FY2023 | $82.29M | $-26.32M | $-82.14M | $26.32M |
| FY2024 | $99.24M | $-29.24M | $-35.76M | $29.24M |
| FY2025 | $127.32M | $-35.76M | $-26.54M | $35.76M |
| FY2026 | $155.64M | $-45.36M | $-47.80M | $45.36M |
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.