Liquidity Services, Inc.
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 | $11.86M | $-7.68M | $-36.92M | $7.54M |
| FY2015 | $43.49M | $-9.82M | $68.00K | $7.31M |
| FY2016 | $45.84M | $-6.15M | $-220.00K | $6.09M |
| FY2017 | $-31.65M | $-7.92M | $-1.11M | $7.81M |
| FY2018 | $619.00K | $-37.05M | $404.00K | $4.17M |
| FY2019 | $-6.24M | $-15.71M | $546.00K | $5.94M |
| FY2020 | $16.48M | $28.65M | $-5.70M | $4.19M |
| FY2021 | $65.42M | $-1.00M | $-34.66M | $5.42M |
| FY2022 | $44.83M | $-21.08M | $-31.94M | $8.12M |
| FY2023 | $47.02M | $-11.43M | $-22.07M | $5.39M |
| FY2024 | $70.22M | $-16.11M | $-11.17M | $8.91M |
| FY2025 | $66.76M | $-22.98M | $-21.81M | $7.80M |
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.