LivaNova
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 |
|---|---|---|---|---|
| FY2014 | $54.20M | $-34.41M | $-37.27M | $15.22M |
| FY2015 | $79.68M | $-9.77M | $-48.26M | $6.69M |
| FY2016 | $90.15M | $-44.52M | $-118.04M | $38.36M |
| FY2017 | $91.34M | $-52.86M | $11.29M | $32.93M |
| FY2018 | $120.49M | $-120.56M | $-42.35M | $37.19M |
| FY2019 | $-91.14M | $-41.29M | $146.58M | $24.69M |
| FY2020 | $-79.42M | $-41.84M | $310.76M | $35.02M |
| FY2021 | $102.54M | $36.90M | $-181.48M | $25.48M |
| FY2022 | $69.92M | $-38.41M | $280.13M | $26.52M |
| FY2023 | $74.91M | $-40.33M | $21.48M | $34.98M |
| FY2024 | $183.04M | $-48.16M | $18.55M | $47.11M |
| FY2025 | $254.34M | $-72.91M | $-285.66M | $81.05M |
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.