Universal Display
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 | $47.27M | $-42.31M | $-30.13M | $6.15M |
| FY2015 | $113.61M | $-58.57M | $-2.95M | $5.10M |
| FY2016 | $80.34M | $-38.47M | $-14.00K | $7.30M |
| FY2017 | $133.37M | $-125.58M | $-14.31M | $29.80M |
| FY2018 | $121.80M | $-21.00M | $-22.61M | $25.39M |
| FY2019 | $193.91M | $-238.71M | $-34.59M | $30.06M |
| FY2020 | $148.79M | $391.26M | $-41.66M | $27.99M |
| FY2021 | $191.11M | $-457.75M | $-51.37M | $43.16M |
| FY2022 | $126.82M | $-280.74M | $-64.64M | $42.50M |
| FY2023 | $154.78M | $-83.29M | $-72.93M | $59.79M |
| FY2024 | $253.74M | $-164.41M | $-82.34M | $42.64M |
| FY2025 | $210.83M | $-45.48M | $-125.98M | $56.47M |
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.