PepsiCo
S&P 500
Nasdaq 100
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 | $10.51B | $-4.94B | $-8.26B | $2.86B |
| FY2015 | $10.86B | $-3.57B | $-4.11B | $2.76B |
| FY2016 | $10.66B | $-7.15B | $-3.21B | $3.04B |
| FY2017 | $10.03B | $-4.40B | $-4.19B | $2.97B |
| FY2018 | $9.42B | $4.56B | $-13.77B | $3.28B |
| FY2019 | $9.65B | $-6.44B | $-8.49B | $4.23B |
| FY2020 | $10.61B | $-11.62B | $3.82B | $4.24B |
| FY2021 | $11.62B | $-3.27B | $-10.78B | $4.63B |
| FY2022 | $10.81B | $-2.43B | $-8.52B | $5.21B |
| FY2023 | $13.44B | $-5.50B | $-3.01B | $5.52B |
| FY2024 | $12.51B | $-5.47B | $-7.56B | $5.32B |
| FY2025 | $12.09B | $-6.88B | $-4.98B | $4.42B |
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.