First Commonwealth Financial, Corp.
S&P 600
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 | $82.14M | $-164.06M | $79.02M | $10.98M |
| FY2015 | $72.75M | $-142.43M | $64.60M | $4.89M |
| FY2016 | $89.27M | $493.77M | $-536.82M | $7.49M |
| FY2017 | $88.31M | $-52.80M | $-43.89M | $11.59M |
| FY2018 | $135.26M | $-347.75M | $204.14M | $9.60M |
| FY2019 | $107.63M | $122.94M | $-207.67M | $17.38M |
| FY2020 | $105.70M | $-483.14M | $612.16M | $7.62M |
| FY2021 | $165.05M | $-565.31M | $439.05M | $10.64M |
| FY2022 | $151.41M | $-588.79M | $196.25M | $11.21M |
| FY2023 | $150.76M | $-574.27M | $416.26M | $22.03M |
| FY2024 | $129.46M | $-121.72M | $-21.32M | $15.55M |
| FY2025 | $187.54M | $-388.23M | $247.64M | $16.09M |
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.