Qualys
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 | $41.42M | $-14.33M | $7.09M | $13.91M |
| FY2015 | $65.96M | $-61.35M | $10.58M | $20.05M |
| FY2016 | $69.31M | $-96.49M | $23.42M | $23.25M |
| FY2017 | $107.65M | $-118.20M | $10.40M | $37.82M |
| FY2018 | $125.46M | $-93.55M | $-77.48M | $22.78M |
| FY2019 | $160.61M | $-35.03M | $-79.05M | $27.57M |
| FY2020 | $180.09M | $-80.93M | $-112.58M | $30.04M |
| FY2021 | $200.62M | $-29.53M | $-107.89M | $24.42M |
| FY2022 | $198.85M | $145.07M | $-306.03M | $15.36M |
| FY2023 | $244.61M | $-73.17M | $-141.49M | $8.79M |
| FY2024 | $244.09M | $-71.43M | $-145.65M | $12.33M |
| FY2025 | $309.40M | $-105.92M | $-185.40M | $4.99M |
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.