EXL Service
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 | $66.66M | $-88.26M | $52.95M | $27.68M |
| FY2015 | $96.69M | $-73.54M | $10.02M | $25.59M |
| FY2016 | $102.40M | $-54.67M | $-32.73M | $25.85M |
| FY2017 | $113.16M | $-222.74M | $-20.48M | $35.15M |
| FY2018 | $92.44M | $-277.49M | $197.78M | $40.79M |
| FY2019 | $168.42M | $-51.39M | $-93.08M | $40.55M |
| FY2020 | $202.97M | $-18.32M | $-89.56M | $42.22M |
| FY2021 | $184.39M | $-114.27M | $-146.88M | $37.25M |
| FY2022 | $166.14M | $-96.55M | $-81.72M | $44.84M |
| FY2023 | $211.20M | $-12.00M | $-181.45M | $52.80M |
| FY2024 | $268.53M | $-119.10M | $-119.10M | $46.26M |
| FY2025 | $350.72M | $-49.26M | $-312.76M | $52.60M |
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.