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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 | $2.22B | $-2.88B | $1.28B | $492.00M |
| FY2015 | $2.55B | $-8.04B | $4.73B | $722.00M |
| FY2016 | $3.16B | $-5.90B | $2.04B | $669.00M |
| FY2017 | $2.53B | $-4.49B | $4.08B | $667.00M |
| FY2018 | $5.48B | $821.00M | $-1.24B | $823.00M |
| FY2019 | $4.07B | $-5.74B | $4.19B | $704.00M |
| FY2020 | $6.22B | $-16.55B | $12.45B | $866.00M |
| FY2021 | $5.80B | $-5.15B | $-557.00M | $908.00M |
| FY2022 | $5.81B | $-3.33B | $-1.20B | $706.00M |
| FY2023 | $4.84B | $752.00M | $-2.99B | $623.00M |
| FY2024 | $7.45B | $1.69B | $-8.28B | $683.00M |
| FY2025 | $6.42B | $797.00M | $-5.96B | $852.00M |
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.