Select Medical Holdings, Corp.
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 | $170.64M | $-101.09M | $-70.52M | $95.25M |
| FY2015 | $208.42M | $-1.21B | $1.01B | $182.64M |
| FY2016 | $346.60M | $-554.32M | $292.31M | $161.63M |
| FY2017 | $238.13M | $-192.97M | $-21.65M | $233.24M |
| FY2018 | $494.19M | $-697.14M | $255.57M | $167.28M |
| FY2019 | $445.18M | $-316.73M | $32.25M | $157.13M |
| FY2020 | $1.03B | $-115.35M | $-671.54M | $146.44M |
| FY2021 | $401.23M | $-256.59M | $-647.39M | $180.54M |
| FY2022 | $284.83M | $-226.34M | $-34.89M | $190.37M |
| FY2023 | $582.06M | $-268.48M | $-327.48M | $229.20M |
| FY2024 | $517.86M | $-231.01M | $-311.17M | $222.18M |
| FY2025 | $346.47M | $-216.49M | $-163.15M | $229.23M |
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.