Jack Henry & Associates
S&P 500
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 |
|---|---|---|---|---|
| FY2015 | $373.79M | $-136.98M | $-158.87M | $54.41M |
| FY2016 | $366.42M | $-135.96M | $-308.46M | $56.33M |
| FY2017 | $357.32M | $-141.59M | $-171.28M | $41.95M |
| FY2018 | $412.14M | $-291.83M | $-203.64M | $40.14M |
| FY2019 | $431.13M | $-190.64M | $-178.31M | $53.60M |
| FY2020 | $510.53M | $-197.91M | $-192.91M | $53.54M |
| FY2021 | $462.13M | $-162.25M | $-462.23M | $22.99M |
| FY2022 | $504.63M | $-196.34M | $-310.49M | $34.66M |
| FY2023 | $381.56M | $-409.67M | $-8.43M | $39.18M |
| FY2024 | $568.04M | $-240.17M | $-301.84M | $58.12M |
| FY2025 | $641.50M | $-232.16M | $-345.67M | $53.36M |
| FY2026 | $761.96M | $-277.74M | $-574.12M | $67.10M |
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.