Hawaiian Electric Industries, 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 | $325.42M | $-592.45M | $222.54M | $364.83M |
| FY2015 | $356.86M | $-705.72M | $473.80M | $363.80M |
| FY2016 | $495.66M | $-736.47M | $218.78M | $330.04M |
| FY2017 | $420.44M | $-815.30M | $378.29M | $495.19M |
| FY2018 | $499.31M | $-792.06M | $200.07M | $537.37M |
| FY2019 | $512.47M | $-541.71M | $87.72M | $457.52M |
| FY2020 | $429.41M | $-1.41B | $1.12B | $383.90M |
| FY2021 | $375.67M | $-1.18B | $756.40M | $314.52M |
| FY2022 | $454.48M | $-1.13B | $567.67M | $339.33M |
| FY2023 | $551.47M | $-257.40M | $195.58M | $442.73M |
| FY2024 | $487.48M | $258.32M | $154.71M | $344.25M |
| FY2025 | $391.07M | $-322.18M | $-331.00M | $341.20M |
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.