Kennametal
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 | $351.44M | $-84.55M | $-332.96M | $100.94M |
| FY2016 | $222.49M | $-47.93M | $-113.64M | $110.70M |
| FY2017 | $195.34M | $-112.75M | $-53.29M | $118.02M |
| FY2018 | $277.30M | $-156.87M | $247.20M | $171.00M |
| FY2019 | $300.52M | $-201.48M | $-471.43M | $212.34M |
| FY2020 | $223.74M | $-218.34M | $425.45M | $244.15M |
| FY2021 | $235.68M | $-122.98M | $-574.25M | $127.30M |
| FY2022 | $-181.44M | $-94.94M | $-150.74M | $96.92M |
| FY2023 | $257.95M | $-89.23M | $-143.11M | $94.39M |
| FY2024 | $277.11M | $-109.43M | $-141.75M | $107.56M |
| FY2025 | $208.32M | $-61.83M | $-133.92M | $88.97M |
| FY2026 | $-4.01M | $-71.30M | $31.63M | $76.91M |
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.