Ellington Financial, Inc.
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 | Financing Cash Flow | Investing Cash Flow |
|---|---|---|---|
| FY2014 | $-604.16M | $534.81M | — |
| FY2015 | $654.25M | $-584.48M | — |
| FY2016 | $69.69M | $-130.33M | — |
| FY2017 | $-462.93M | $386.66M | — |
| FY2018 | $-494.18M | $491.60M | — |
| FY2019 | $79.25M | $1.61B | $-1.66B |
| FY2020 | $119.51M | $-587.43M | $507.27M |
| FY2021 | $51.29M | $1.95B | $-2.03B |
| FY2022 | $42.69M | $1.84B | $-1.75B |
| FY2023 | $-241.86M | $75.63M | $174.91M |
| FY2024 | $-430.53M | $1.14B | $-728.26M |
| FY2025 | $-925.46M | $5.12B | $-4.07B |
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.
- 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.
- 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.