One Gas
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 | $246.66M | $-297.10M | $59.21M | $297.10M |
| FY2015 | $407.92M | $-294.32M | $-123.11M | $294.32M |
| FY2016 | $290.59M | $-308.58M | $30.22M | $309.07M |
| FY2017 | $253.80M | $-355.74M | $101.69M | $356.36M |
| FY2018 | $467.69M | $-394.45M | $-66.33M | $394.45M |
| FY2019 | $310.35M | $-422.93M | $109.12M | $417.32M |
| FY2020 | $364.50M | $-470.37M | $96.01M | $471.35M |
| FY2021 | $-1.54B | $-501.08M | $2.04B | $495.25M |
| FY2022 | $1.57B | $-614.11M | $-947.46M | $609.49M |
| FY2023 | $939.53M | $-669.64M | $-248.63M | $666.63M |
| FY2024 | $368.41M | $-707.50M | $378.23M | $703.17M |
| FY2025 | $578.83M | $-715.32M | $91.68M | $707.23M |
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.