Emcor
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 | $246.66M | $-21.67M | $-229.95M | $38.04M |
| FY2015 | $266.67M | $-59.81M | $-149.47M | $35.46M |
| FY2016 | $262.37M | $-270.67M | $-9.43M | $39.65M |
| FY2017 | $366.05M | $-138.09M | $-228.47M | $34.68M |
| FY2018 | $271.01M | $-117.72M | $-253.04M | $43.48M |
| FY2019 | $355.70M | $-345.34M | $-19.25M | $48.43M |
| FY2020 | $806.37M | $-94.86M | $-171.91M | $47.97M |
| FY2021 | $318.82M | $-153.08M | $-245.46M | $36.19M |
| FY2022 | $497.93M | $-140.80M | $-710.12M | $49.29M |
| FY2023 | $899.66M | $-161.29M | $-412.05M | $78.40M |
| FY2024 | $1.41B | $-299.28M | $-555.37M | $74.95M |
| FY2025 | $1.30B | $-873.59M | $-663.76M | $112.75M |
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.