Perrigo
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 | $633.00M | $-1.64B | $1.03B | $171.60M |
| FY2015 | $855.20M | $-2.30B | $1.52B | $137.00M |
| FY2016 | $654.90M | $-175.00M | $-268.70M | $106.20M |
| FY2017 | $698.90M | $2.34B | $-3.00B | $88.60M |
| FY2018 | $593.00M | $-126.80M | $-571.90M | $102.60M |
| FY2019 | $387.80M | $-596.10M | $1.80M | $137.70M |
| FY2020 | $636.20M | $-187.80M | $-181.10M | $170.40M |
| FY2021 | $156.30M | $1.28B | $-178.70M | $152.10M |
| FY2022 | $307.30M | $-1.96B | $421.60M | $96.40M |
| FY2023 | $405.50M | $-77.50M | $-187.20M | $101.70M |
| FY2024 | $362.90M | $78.80M | $-611.00M | $118.30M |
| FY2025 | $238.50M | $-75.40M | $-220.50M | $93.40M |
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.