Middleby
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 |
|---|---|---|---|---|
| FY2012 | $128.35M | $-69.90M | $-64.94M | $7.65M |
| FY2013 | $146.16M | $-474.19M | $330.20M | $14.64M |
| FY2015 | $233.88M | $-233.06M | $8.89M | $13.14M |
| FY2016 | $294.11M | $-235.74M | $-41.37M | $24.82M |
| FY2017 | $304.46M | $-345.47M | $55.84M | $54.49M |
| FY2018 | $368.91M | $-1.24B | $856.13M | $36.04M |
| FY2019 | $377.43M | $-327.67M | $-25.45M | $46.61M |
| FY2021 | $524.79M | $-106.76M | $-252.47M | $34.85M |
| FY2022 | $332.55M | $-348.32M | $7.63M | $67.29M |
| FY2023 | $628.79M | $-155.74M | $-390.94M | $59.17M |
| FY2024 | $686.82M | $-158.54M | $-73.77M | $36.69M |
| FY2026 | $630.20M | $-126.89M | $-970.94M | $70.73M |
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.