Quest Diagnostics
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 |
|---|---|---|---|---|
| FY2014 | $944.00M | $-1.03B | $86.00M | $308.00M |
| FY2015 | $821.00M | $-362.00M | $-518.00M | $263.00M |
| FY2016 | $1.12B | $-127.00M | $-738.00M | $293.00M |
| FY2017 | $1.18B | $-830.00M | $-592.00M | $252.00M |
| FY2018 | $1.20B | $-801.00M | $-401.00M | $383.00M |
| FY2019 | $1.24B | $-411.00M | $225.00M | $400.00M |
| FY2020 | $2.01B | $-772.00M | $-1.27B | $418.00M |
| FY2021 | $2.23B | $21.00M | $-2.54B | $403.00M |
| FY2022 | $1.72B | $-543.00M | $-1.73B | $404.00M |
| FY2023 | $1.27B | $-1.06B | $160.00M | $408.00M |
| FY2024 | $1.33B | $-2.55B | $1.08B | $425.00M |
| FY2025 | $1.89B | $-631.00M | $-1.39B | $527.00M |
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.