Korn/Ferry International
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 |
|---|---|---|---|---|
| FY2015 | $107.28M | $-30.57M | $-7.94M | $21.86M |
| FY2016 | $68.99M | $-274.58M | $113.54M | $26.14M |
| FY2017 | $106.14M | $-20.61M | $64.37M | $50.09M |
| FY2018 | $219.13M | $-44.84M | $-77.26M | $42.00M |
| FY2019 | $258.81M | $-69.47M | $-64.63M | $46.68M |
| FY2020 | $236.35M | $-198.76M | $43.68M | $41.46M |
| FY2021 | $251.43M | $-61.38M | $-66.89M | $31.12M |
| FY2022 | $501.66M | $-184.33M | $-137.44M | $49.41M |
| FY2023 | $343.89M | $-323.48M | $-152.18M | $70.38M |
| FY2024 | $283.96M | $-53.83M | $-116.33M | $55.15M |
| FY2025 | $364.36M | $-125.50M | $-190.73M | $62.48M |
| FY2026 | $414.19M | $-98.72M | $-238.43M | $89.90M |
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.