The Marzetti Company
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 |
|---|---|---|---|---|
| FY2015 | $132.77M | $-112.33M | $-49.78M | $18.30M |
| FY2016 | $145.90M | $-17.42M | $-192.60M | $16.67M |
| FY2017 | $146.39M | $-60.61M | $-60.75M | $27.01M |
| FY2018 | $160.71M | $-31.45M | $-66.61M | $31.03M |
| FY2019 | $197.60M | $-126.86M | $-80.20M | $70.88M |
| FY2020 | $170.77M | $-83.27M | $-85.52M | $82.64M |
| FY2021 | $174.19M | $-88.98M | $-95.43M | $87.87M |
| FY2022 | $101.81M | $-132.24M | $-97.35M | $131.97M |
| FY2023 | $225.90M | $-90.78M | $-106.93M | $90.18M |
| FY2024 | $251.55M | $-67.43M | $-109.15M | $67.58M |
| FY2025 | $261.50M | $-148.21M | $-115.26M | $58.00M |
| FY2026 | $283.82M | $-470.04M | $49.84M | $77.68M |
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.