PDF Solutions, Inc.
S&P 600
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 | $27.09M | $-3.67M | $2.73M | $3.96M |
| FY2015 | $30.34M | $-10.34M | $-9.23M | $4.78M |
| FY2016 | $2.00M | $-11.28M | $30.00K | $11.28M |
| FY2017 | $10.55M | $-14.10M | $-12.22M | $10.26M |
| FY2018 | $13.34M | $-13.12M | $-5.20M | $13.12M |
| FY2019 | $24.59M | $-13.21M | $-9.84M | $10.55M |
| FY2020 | $21.78M | $-150.50M | $64.80M | $6.01M |
| FY2021 | $4.24M | $-4.67M | $-5.53M | $3.67M |
| FY2022 | $32.30M | $84.60M | $-24.31M | $8.41M |
| FY2023 | $14.60M | $-28.99M | $-5.89M | $11.24M |
| FY2024 | $9.70M | $-5.94M | $-11.23M | $17.16M |
| FY2025 | $24.05M | $-137.36M | $64.56M | $32.63M |
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.