Teradyne
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 |
|---|---|---|---|---|
| FY2014 | $492.06M | $-332.87M | $-206.57M | $168.98M |
| FY2015 | $423.08M | $-113.72M | $-338.91M | $89.88M |
| FY2016 | $455.20M | $-640.46M | $228.44M | $85.27M |
| FY2017 | $626.50M | $-262.80M | $-245.19M | $105.38M |
| FY2018 | $476.88M | $923.01M | $-903.42M | $114.38M |
| FY2019 | $578.75M | $-156.66M | $-574.35M | $134.64M |
| FY2020 | $868.94M | $-569.79M | $-158.29M | $184.98M |
| FY2021 | $1.10B | $120.36M | $-1.01B | $132.47M |
| FY2022 | $577.92M | $43.75M | $-892.99M | $163.25M |
| FY2023 | $585.23M | $-179.65M | $-501.91M | $159.64M |
| FY2024 | $672.18M | $-622.34M | $-251.77M | $198.10M |
| FY2025 | $674.42M | $-368.62M | $-562.25M | $224.01M |
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.