Independent Bank Corp.
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 | $90.31M | $-292.67M | $164.30M | $7.68M |
| FY2015 | $89.54M | $-205.54M | $213.51M | $10.49M |
| FY2016 | $92.90M | $-238.89M | $159.32M | $10.40M |
| FY2017 | $130.91M | $-316.77M | $109.88M | $25.08M |
| FY2018 | $141.84M | $-387.51M | $283.01M | $11.11M |
| FY2019 | $216.52M | $20.16M | $-336.16M | $16.58M |
| FY2020 | $64.64M | $-488.21M | $1.57B | $12.59M |
| FY2021 | $190.22M | $-63.14M | $816.96M | $25.20M |
| FY2022 | $421.20M | $-1.00B | $-1.31B | $22.07M |
| FY2023 | $276.99M | $-211.65M | $-193.95M | $15.84M |
| FY2024 | $229.92M | $-33.01M | $-201.35M | $20.44M |
| FY2025 | $251.16M | $5.05M | $295.80M | $12.14M |
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.