Sally Beauty Holdings, 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 | $315.97M | $-81.75M | $-173.73M | $76.56M |
| FY2015 | $300.79M | $-112.82M | $-151.96M | $106.53M |
| FY2016 | $354.11M | $-174.83M | $-232.14M | $151.22M |
| FY2017 | $343.29M | $-89.63M | $-277.30M | $89.67M |
| FY2018 | $372.66M | $-95.31M | $-263.28M | $86.51M |
| FY2019 | $320.42M | $-95.87M | $-229.31M | $107.76M |
| FY2020 | $426.89M | $-123.78M | $139.76M | $110.86M |
| FY2021 | $381.86M | $-76.02M | $-419.97M | $73.90M |
| FY2022 | $156.50M | $-102.42M | $-373.68M | $99.25M |
| FY2023 | $249.31M | $-99.78M | $-100.82M | $90.74M |
| FY2024 | $246.53M | $-108.91M | $-153.73M | $101.17M |
| FY2025 | $274.83M | $-58.28M | $-178.42M | $102.15M |
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.