Protagonist Therapeutics, 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 | $-7.74M | $-299.00K | $9.00M | $299.00K |
| FY2015 | $-14.39M | $-8.26M | $17.42M | $399.00K |
| FY2016 | $-29.97M | $-59.33M | $106.31M | $347.00K |
| FY2017 | $3.87M | $15.82M | $65.55M | $666.00K |
| FY2018 | $-49.95M | $2.21M | $24.12M | $486.00K |
| FY2019 | $-41.53M | $-53.71M | $46.04M | $967.00K |
| FY2020 | $-72.48M | $-90.97M | $247.63M | $471.00K |
| FY2021 | $-107.87M | $-15.86M | $129.92M | $1.10M |
| FY2022 | $-108.14M | $91.47M | $18.84M | $795.00K |
| FY2023 | $-70.24M | $-39.26M | $170.48M | $609.00K |
| FY2024 | $184.15M | $-299.48M | $25.85M | $1.36M |
| FY2025 | $57.67M | $-49.33M | $22.86M | $1.59M |
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.