Strategy Inc
Nasdaq 100
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 | $14.60M | $-82.11M | $-1.47M | $12.40M |
| FY2015 | $149.70M | $-7.68M | $9.18M | $3.48M |
| FY2016 | $110.59M | $4.34M | $-1.00M | $2.34M |
| FY2017 | $78.32M | $-69.73M | $1.66M | $3.98M |
| FY2018 | $10.63M | $-209.06M | $-108.52M | $6.85M |
| FY2019 | $60.87M | $353.69M | $-66.15M | $10.18M |
| FY2020 | $53.62M | $-1.02B | $563.23M | $3.65M |
| FY2021 | $93.83M | $-2.63B | $2.54B | $2.71M |
| FY2022 | $3.21M | $-278.59M | $265.19M | $2.49M |
| FY2023 | $12.71M | $-1.91B | $1.89B | $2.94M |
| FY2024 | $-53.03M | $-22.09B | $22.13B | $2.98M |
| FY2025 | $-67.24M | $-22.51B | $24.84B | $8.21M |
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.