Charles Schwab Corporation
S&P 500
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 | $2.35B | $-8.40B | $9.68B | $400.00M |
| FY2015 | $1.25B | $-28.62B | $27.99B | $266.00M |
| FY2016 | $3.60B | $-38.78B | $34.96B | $346.00M |
| FY2017 | $-839.00M | $-20.47B | $22.60B | $400.00M |
| FY2018 | $12.46B | $-40.56B | $47.17B | $570.00M |
| FY2019 | $9.33B | $11.96B | $-13.94B | $708.00M |
| FY2020 | $6.85B | $-125.85B | $143.98B | $631.00M |
| FY2021 | $2.12B | $-75.66B | $96.32B | $916.00M |
| FY2022 | $2.06B | $32.05B | $-68.72B | $971.00M |
| FY2023 | $19.59B | $57.41B | $-61.25B | $700.00M |
| FY2024 | $2.67B | $35.43B | $-47.06B | $620.00M |
| FY2025 | $9.31B | $24.54B | $-29.70B | $548.00M |
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.