Exponent, Inc.
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 |
|---|---|---|---|---|
| FY2012 | $48.51M | $-1.17M | $-18.86M | $4.94M |
| FY2014 | $61.79M | $-18.88M | $-33.77M | $6.23M |
| FY2015 | $48.25M | $2.44M | $-43.13M | $4.95M |
| FY2016 | $66.95M | $-27.44M | $-49.17M | $14.39M |
| FY2017 | $67.84M | $-17.72M | $-41.26M | $4.73M |
| FY2018 | $91.19M | $-25.82M | $-62.50M | $16.30M |
| FY2020 | $108.06M | $4.27M | $-63.41M | $23.04M |
| FY2021 | $124.57M | $38.18M | $-62.75M | $6.83M |
| FY2022 | $93.81M | $-12.04M | $-215.98M | $12.04M |
| FY2023 | $127.35M | $-16.36M | $-86.01M | $16.36M |
| FY2025 | $144.54M | $-6.94M | $-65.11M | $6.94M |
| FY2026 | $131.73M | $-9.39M | $-160.43M | $9.39M |
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.