Exelixis
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 |
|---|---|---|---|---|
| FY2013 | $-198.77M | $144.35M | $-11.67M | $2.17M |
| FY2014 | $-235.41M | $146.33M | $65.49M | $474.00K |
| FY2015 | $-141.59M | $50.08M | $152.75M | $447.00K |
| FY2016 | $206.30M | $-216.05M | $19.80M | $1.70M |
| FY2017 | $165.61M | $36.80M | $-169.93M | $21.14M |
| FY2018 | $415.72M | $-297.85M | $9.69M | $33.30M |
| FY2020 | $526.96M | $-587.25M | $12.55M | $12.83M |
| FY2021 | $400.80M | $-42.88M | $-14.80M | $54.23M |
| FY2022 | $362.61M | $-524.41M | $586.00K | $27.71M |
| FY2023 | $333.32M | $-26.96M | $-546.05M | $40.47M |
| FY2025 | $699.97M | $-116.78M | $-628.81M | $28.44M |
| FY2026 | $884.27M | $350.44M | $-969.59M | $8.43M |
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.