Cytokinetics
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 | $-44.84M | $-4.05M | $48.95M | $1.10M |
| FY2015 | $4.88M | $16.06M | $23.92M | $562.00K |
| FY2016 | $36.98M | $-52.08M | $16.89M | $1.60M |
| FY2017 | $-101.76M | $-65.83M | $225.92M | $2.88M |
| FY2018 | $-101.22M | $5.13M | $13.13M | $889.00K |
| FY2019 | $-90.91M | $-74.71M | $159.79M | $2.62M |
| FY2020 | $8.94M | $-196.52M | $234.12M | $11.05M |
| FY2021 | $-142.52M | $-147.78M | $319.98M | $48.87M |
| FY2022 | $-299.52M | $-262.13M | $516.17M | $11.34M |
| FY2023 | $-414.33M | $239.25M | $221.32M | $1.42M |
| FY2024 | $-395.89M | $-553.10M | $930.61M | $3.91M |
| FY2025 | $-510.01M | $16.67M | $524.46M | $24.81M |
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.