Old National Bank
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 | $199.35M | $-162.16M | $-3.95M | $20.47M |
| FY2015 | $123.76M | $-500.90M | $357.00M | $85.66M |
| FY2016 | $24.81M | $-640.76M | $651.65M | $224.66M |
| FY2017 | $250.08M | $-536.40M | $321.23M | $37.30M |
| FY2018 | $234.41M | $-271.42M | $63.74M | $33.39M |
| FY2019 | $233.76M | $-525.40M | $250.82M | $37.42M |
| FY2020 | $219.82M | $-2.14B | $2.24B | $30.87M |
| FY2021 | $330.38M | $-1.43B | $1.33B | $48.69M |
| FY2022 | $814.43M | $-1.69B | $777.48M | $37.90M |
| FY2023 | $516.34M | $-1.82B | $1.75B | $38.38M |
| FY2024 | $622.28M | $-1.37B | $802.59M | $30.27M |
| FY2025 | $681.47M | $-1.83B | $1.75B | $44.06M |
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.