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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 |
|---|---|---|---|---|
| FY2014 | $245.40M | $-247.20M | $-51.20M | $67.00K |
| FY2015 | $205.06M | $-752.21M | $690.44M | $10.54M |
| FY2016 | $175.70M | $-558.68M | $343.81M | $3.08M |
| FY2017 | $140.07M | $-318.63M | $597.84M | $5.19M |
| FY2018 | $303.90M | $-779.58M | $497.68M | $7.95M |
| FY2019 | $247.42M | $221.66M | $-636.41M | $14.90M |
| FY2020 | $291.73M | $-651.94M | $1.13B | $11.55M |
| FY2021 | $389.38M | $624.66M | $1.37B | $10.28M |
| FY2022 | $413.17M | $-1.02B | $-2.31B | $19.58M |
| FY2023 | $379.67M | $578.46M | $-682.71M | $22.47M |
| FY2024 | $460.65M | $5.67M | $-556.18M | $38.53M |
| FY2025 | $399.28M | $-470.32M | $-171.97M | $22.27M |
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.