Stewart Information Services Corporation
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 | $63.99M | $-78.56M | $26.03M | $19.54M |
| FY2015 | $80.51M | $-68.79M | $-25.55M | $19.66M |
| FY2016 | $122.96M | $-56.77M | $-59.34M | $18.16M |
| FY2017 | $108.07M | $-103.04M | $-43.60M | $16.40M |
| FY2018 | $84.18M | $9.38M | $-47.76M | $10.68M |
| FY2019 | $166.36M | $7.04M | $-37.76M | $17.08M |
| FY2020 | $275.81M | $-231.37M | $54.30M | $14.99M |
| FY2021 | $390.29M | $-645.28M | $310.37M | $39.80M |
| FY2022 | $191.86M | $-300.67M | $-123.22M | $47.95M |
| FY2023 | $83.04M | $-29.97M | $-69.10M | $37.79M |
| FY2024 | $135.61M | $-87.26M | $-60.96M | $40.47M |
| FY2025 | $205.69M | $-368.58M | $265.21M | $73.41M |
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.