Granite Construction, Inc.
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 | $43.14M | $780.00K | $-17.08M | $43.43M |
| FY2015 | $66.98M | $-30.71M | $-39.40M | $44.18M |
| FY2016 | $73.15M | $-96.39M | $-40.27M | $90.97M |
| FY2017 | $146.20M | $-59.19M | $-42.62M | $67.70M |
| FY2018 | $86.39M | $-39.60M | $-1.87M | $111.10M |
| FY2019 | $111.44M | $-40.32M | $-81.64M | $106.83M |
| FY2020 | $268.46M | $-41.26M | $-57.66M | $93.25M |
| FY2021 | $21.93M | $-21.48M | $-24.45M | $94.81M |
| FY2022 | $55.65M | $-11.00M | $-164.31M | $121.61M |
| FY2023 | $183.71M | $-359.29M | $299.26M | $140.38M |
| FY2024 | $456.34M | $-228.56M | $-67.12M | $136.41M |
| FY2025 | $468.92M | $-993.72M | $475.70M | $138.27M |
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.