Regeneron Pharmaceuticals
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 | $752.44M | $-420.78M | $-218.55M | $333.01M |
| FY2015 | $1.33B | $-907.60M | $-262.80M | $677.93M |
| FY2016 | $1.49B | $-1.05B | $-700.50M | $511.90M |
| FY2017 | $1.31B | $-1.01B | $-24.40M | $272.60M |
| FY2018 | $2.20B | $-1.46B | $-77.10M | $383.10M |
| FY2019 | $2.43B | $-2.03B | $-252.10M | $429.60M |
| FY2020 | $2.62B | $-70.60M | $-1.97B | $614.60M |
| FY2021 | $7.08B | $-5.38B | $-1.01B | $551.90M |
| FY2022 | $5.01B | $-3.78B | $-1.01B | $590.10M |
| FY2023 | $4.59B | $-3.19B | $-1.79B | $718.60M |
| FY2024 | $4.42B | $-2.47B | $-2.20B | $755.90M |
| FY2025 | $4.98B | $-629.10M | $-3.72B | $898.40M |
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.