Sunrun
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 | $-7.93M | $-463.97M | $524.35M | $15.32M |
| FY2015 | $-105.27M | $-627.49M | $784.47M | $13.03M |
| FY2016 | $-200.14M | $-695.80M | $899.15M | $12.54M |
| FY2017 | $-96.10M | $-777.32M | $890.85M | $7.96M |
| FY2018 | $-62.46M | $-811.32M | $936.39M | $4.95M |
| FY2019 | $-204.49M | $-843.26M | $1.11B | $25.35M |
| FY2020 | $-317.97M | $-497.79M | $1.16B | $3.10M |
| FY2021 | $-817.19M | $-1.69B | $2.65B | $8.58M |
| FY2022 | $-848.79M | $-2.09B | $3.04B | $18.20M |
| FY2023 | $-820.74M | $-2.61B | $3.47B | $20.96M |
| FY2024 | $-766.15M | $-2.70B | $3.43B | $1.57M |
| FY2025 | $-421.44M | $-2.50B | $3.21B | — |
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.