South State Bank
S&P 400
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 | $118.65M | $-9.50M | $-170.74M | $16.11M |
| FY2015 | $186.87M | $-103.02M | $194.07M | $15.23M |
| FY2016 | $138.01M | $-690.92M | $231.56M | $25.80M |
| FY2017 | $197.89M | $-60.90M | $-133.81M | $15.16M |
| FY2018 | $283.71M | $-282.15M | $29.79M | $14.54M |
| FY2019 | $181.03M | $-795.05M | $893.75M | $15.80M |
| FY2020 | $536.94M | $1.23B | $2.15B | $16.93M |
| FY2021 | $415.69M | $-2.32B | $4.02B | $28.42M |
| FY2022 | $1.73B | $-4.86B | $-2.28B | $17.67M |
| FY2023 | $546.76M | $-1.43B | $566.00M | $38.89M |
| FY2024 | $511.96M | $-886.18M | $767.41M | $35.81M |
| FY2025 | $300.85M | $20.81M | $1.46B | $70.26M |
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.