Darling Ingredients
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 |
|---|---|---|---|---|
| FY2012 | $249.54M | $-153.83M | $-31.39M | $115.41M |
| FY2013 | $210.72M | $-895.43M | $1.46B | $118.31M |
| FY2015 | $275.17M | $-2.32B | $1.28B | $228.92M |
| FY2016 | $391.00M | $-243.19M | $-183.87M | $243.52M |
| FY2017 | $410.44M | $-284.05M | $-154.85M | $274.17M |
| FY2018 | $398.62M | $-342.42M | $-47.58M | $321.90M |
| FY2019 | $362.62M | $-338.07M | $-54.89M | $359.50M |
| FY2021 | $624.65M | $-310.63M | $-306.99M | $280.12M |
| FY2022 | $813.74M | $-2.42B | $1.68B | $391.31M |
| FY2023 | $899.26M | $-1.68B | $876.29M | $555.48M |
| FY2024 | $839.29M | $-498.90M | $-399.56M | $332.47M |
| FY2026 | $1.06B | $-681.45M | $-376.73M | $380.48M |
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.