Illumina, Inc.
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 |
|---|---|---|---|---|
| FY2012 | $291.87M | $-150.01M | $-10.76M | $68.78M |
| FY2013 | $386.42M | $-69.65M | $-38.72M | $79.22M |
| FY2014 | $501.27M | $-406.62M | $-166.75M | $106.00M |
| FY2016 | $786.00M | $-107.00M | $-545.00M | $143.00M |
| FY2017 | $875.00M | $-214.00M | $-176.00M | $310.00M |
| FY2018 | $1.14B | $-1.81B | $594.00M | $296.00M |
| FY2019 | $1.05B | $745.00M | $-897.00M | $209.00M |
| FY2021 | $1.08B | $-554.00M | $-766.00M | $189.00M |
| FY2022 | $545.00M | $-1.07B | $-51.00M | $208.00M |
| FY2023 | $478.00M | $-231.00M | $-1.21B | $195.00M |
| FY2024 | $837.00M | $-178.00M | $-570.00M | $128.00M |
| FY2025 | $1.08B | $-55.00M | $-744.00M | $148.00M |
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.