Penumbra, Inc.
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 | $-6.39M | $-37.00M | $42.90M | $3.89M |
| FY2015 | $-20.69M | $-85.82M | $122.83M | $5.47M |
| FY2016 | $-12.81M | $687.00K | $7.13M | $13.64M |
| FY2017 | $12.69M | $-77.65M | $104.36M | $12.53M |
| FY2018 | $28.81M | $-385.00K | $-9.82M | $9.60M |
| FY2019 | $26.65M | $-12.71M | $-8.96M | $22.11M |
| FY2020 | $-33.24M | $-104.15M | $134.92M | $24.76M |
| FY2021 | $9.50M | $-21.74M | $836.00K | $21.18M |
| FY2022 | $-55.66M | $54.79M | $11.62M | $19.30M |
| FY2023 | $97.33M | $-16.08M | $16.20M | $15.21M |
| FY2024 | $168.48M | $77.62M | $-87.01M | $21.18M |
| FY2025 | $238.66M | $-404.59M | $26.53M | $63.73M |
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.