Bio-Techne
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 |
|---|---|---|---|---|
| FY2015 | $139.36M | $-426.49M | $31.28M | $19.91M |
| FY2016 | $144.16M | $-107.57M | $-23.37M | $16.90M |
| FY2017 | $143.72M | $-305.95M | $189.11M | $15.18M |
| FY2018 | $170.37M | $-38.71M | $-99.19M | $20.93M |
| FY2019 | $181.62M | $-336.80M | $134.38M | $25.41M |
| FY2020 | $205.22M | $27.10M | $-183.80M | $51.74M |
| FY2021 | $352.16M | $-243.52M | $-62.55M | $44.30M |
| FY2022 | $325.27M | $-96.85M | $-242.85M | $44.91M |
| FY2023 | $254.39M | $-265.65M | $22.62M | $38.24M |
| FY2024 | $298.98M | $-203.03M | $-122.40M | $62.88M |
| FY2025 | $287.56M | $-35.18M | $-253.91M | $31.01M |
| FY2026 | $292.07M | $-18.19M | $-169.11M | $28.85M |
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.