Maximus Inc.
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 | $213.60M | $-49.39M | $-127.14M | $36.26M |
| FY2015 | $206.22M | $-393.87M | $111.12M | $98.99M |
| FY2016 | $180.03M | $-87.10M | $-96.84M | — |
| FY2017 | $336.42M | $-25.22M | $-215.43M | — |
| FY2018 | $316.77M | $-45.24M | $-91.88M | $26.52M |
| FY2019 | $356.73M | $-483.88M | $-110.86M | $66.85M |
| FY2020 | $244.59M | $-44.14M | $-230.09M | $40.71M |
| FY2021 | $517.32M | $-1.84B | $1.39B | $36.57M |
| FY2022 | $289.84M | $-54.01M | $-248.27M | $56.15M |
| FY2023 | $314.34M | $-80.96M | $-250.80M | $90.70M |
| FY2024 | $515.26M | $-129.10M | $-275.65M | $114.19M |
| FY2025 | $429.37M | $-60.26M | $-343.88M | $63.21M |
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.