Hilltop Holdings 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 | $-91.42M | $259.82M | $-101.35M | $43.19M |
| FY2015 | $35.74M | $442.29M | $-621.66M | $31.27M |
| FY2016 | $-160.97M | $-493.56M | $698.23M | $41.94M |
| FY2017 | $-320.72M | $-357.96M | $480.88M | $31.15M |
| FY2018 | $389.54M | $-289.67M | $4.63M | $67.73M |
| FY2019 | $-433.02M | $-604.29M | $901.64M | $42.29M |
| FY2020 | $280.44M | $-827.67M | $1.26B | $37.75M |
| FY2021 | $765.62M | $-553.27M | $1.48B | $24.75M |
| FY2022 | $1.19B | $-877.30M | $-1.71B | $9.80M |
| FY2023 | $443.02M | $158.34M | $-332.52M | $8.49M |
| FY2024 | $273.93M | $354.22M | $-174.31M | $7.13M |
| FY2025 | $-38.70M | $-364.85M | $-714.24M | $16.83M |
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.