Shenandoah Telecommunications Co
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 | $114.99M | $-67.64M | $-16.75M | $68.23M |
| FY2015 | $119.32M | $-69.26M | $-42.16M | $69.68M |
| FY2016 | $161.53M | $-820.01M | $617.87M | $173.23M |
| FY2017 | $222.93M | $-151.50M | $-29.04M | $146.49M |
| FY2018 | $265.65M | $-187.80M | $-71.35M | $56.63M |
| FY2019 | $259.15M | $-165.33M | $-77.25M | $67.05M |
| FY2020 | $302.87M | $-155.59M | $-53.53M | $120.45M |
| FY2021 | $-250.93M | $1.78B | $-1.64B | $160.10M |
| FY2022 | $74.90M | $-184.18M | $69.00M | $188.99M |
| FY2023 | $113.77M | $-236.69M | $218.11M | $255.07M |
| FY2024 | $62.57M | $-339.41M | $183.86M | $319.07M |
| FY2025 | $101.00M | $-294.66M | $195.60M | $358.92M |
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.