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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 | $7.33B | $-5.91B | $-298.00M | $1.83B |
| FY2015 | $10.32B | $-9.43B | $-139.00M | $2.52B |
| FY2016 | $16.11B | $-11.79B | $-310.00M | $4.49B |
| FY2017 | $24.22B | $-20.12B | $-5.24B | $6.73B |
| FY2018 | $29.27B | $-11.60B | $-15.57B | $13.92B |
| FY2019 | $36.31B | $-19.86B | $-7.30B | $15.10B |
| FY2020 | $38.75B | $-30.06B | $-10.29B | $15.16B |
| FY2021 | $57.68B | $-7.57B | $-50.73B | $18.69B |
| FY2022 | $50.48B | $-28.97B | $-22.14B | $31.19B |
| FY2023 | $71.11B | $-24.50B | $-19.50B | $27.05B |
| FY2024 | $91.33B | $-47.15B | $-40.78B | $37.26B |
| FY2025 | $115.80B | $-102.00B | $-20.37B | $69.69B |
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.