Evercore
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 | $251.23M | $25.04M | $-214.86M | $13.52M |
| FY2015 | $367.67M | $-26.12M | $-234.62M | $16.19M |
| FY2016 | $421.89M | $-46.20M | $-237.96M | $18.44M |
| FY2017 | $507.24M | $-54.64M | $-419.23M | $31.30M |
| FY2018 | $849.57M | $-212.57M | $-452.93M | $33.32M |
| FY2019 | $504.70M | $-373.47M | $-290.01M | $70.82M |
| FY2020 | $978.37M | $-483.87M | $-307.79M | $53.33M |
| FY2021 | $1.38B | $-705.89M | $-925.32M | $27.97M |
| FY2022 | $531.38M | $313.30M | $-735.57M | $23.19M |
| FY2023 | $457.95M | $15.62M | $-557.23M | $20.05M |
| FY2024 | $988.15M | $-67.43M | $-628.55M | $30.10M |
| FY2025 | $1.26B | $-98.33M | $-635.62M | $74.00M |
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.