La-Z-Boy, 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 |
|---|---|---|---|---|
| FY2015 | $86.75M | $-66.67M | $-71.16M | $70.32M |
| FY2016 | $114.51M | $-37.23M | $-63.20M | $24.68M |
| FY2017 | $147.99M | $-65.23M | $-53.41M | $20.30M |
| FY2018 | $115.75M | $-55.22M | $-76.26M | $36.34M |
| FY2019 | $150.75M | $-121.69M | $-33.66M | $48.43M |
| FY2020 | $164.24M | $-33.92M | $2.56M | $46.04M |
| FY2021 | $309.92M | $-40.70M | $-141.05M | $37.96M |
| FY2022 | $79.00M | $-78.37M | $-144.56M | $76.58M |
| FY2023 | $205.17M | $-70.12M | $-37.14M | $68.81M |
| FY2024 | $158.13M | $-81.55M | $-81.23M | $53.55M |
| FY2025 | $187.27M | $-98.39M | $-102.61M | $74.28M |
| FY2026 | $204.11M | $-138.61M | $-91.15M | $76.31M |
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.