Ormat Technologies
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 | $213.24M | $-129.16M | $-101.20M | $158.78M |
| FY2015 | $190.03M | $-90.97M | $46.64M | $152.45M |
| FY2016 | $159.29M | $-173.77M | $43.54M | $151.93M |
| FY2017 | $245.58M | $-345.53M | $-67.88M | $259.23M |
| FY2018 | $145.82M | $-342.43M | $251.13M | $258.52M |
| FY2019 | $236.49M | $-254.54M | $-5.77M | $279.99M |
| FY2020 | $265.01M | $-385.97M | $503.48M | $320.74M |
| FY2021 | $258.82M | $-638.19M | $186.39M | $419.27M |
| FY2022 | $280.97M | $-523.41M | $126.27M | $563.48M |
| FY2023 | $309.40M | $-628.34M | $379.96M | $618.38M |
| FY2024 | $410.92M | $-780.25M | $287.92M | $487.68M |
| FY2025 | $335.10M | $-726.44M | $465.75M | $619.78M |
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.