Heritage Financial Corporation
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 | $51.34M | $-121.65M | $61.55M | $3.94M |
| FY2015 | $51.40M | $-216.62M | $170.23M | $1.82M |
| FY2016 | $53.98M | $-252.93M | $176.05M | $6.72M |
| FY2017 | $73.51M | $-241.39M | $167.15M | $3.06M |
| FY2018 | $90.41M | $-109.60M | $78.08M | $23.27M |
| FY2019 | $92.49M | $-125.30M | $99.47M | $13.04M |
| FY2020 | $70.33M | $-538.55M | $982.97M | $7.00M |
| FY2021 | $69.53M | $163.76M | $746.68M | $3.02M |
| FY2022 | $94.46M | $-1.21B | $-506.38M | $4.02M |
| FY2023 | $109.52M | $-93.45M | $105.31M | $10.38M |
| FY2024 | $64.48M | $-85.90M | $-86.45M | $3.46M |
| FY2025 | $94.82M | $186.75M | $-165.58M | $9.16M |
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.