Taylor Morrison
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 | $-133.69M | $-89.45M | $309.33M | $3.72M |
| FY2015 | $-262.69M | $50.14M | $-103.01M | $4.30M |
| FY2016 | $372.60M | $-81.00M | $-117.26M | $1.91M |
| FY2017 | $386.23M | $-36.00M | $-76.55M | $3.42M |
| FY2018 | $135.59M | $-159.72M | $-219.52M | $20.46M |
| FY2019 | $393.22M | $-19.30M | $-377.20M | $30.12M |
| FY2020 | $1.12B | $-312.80M | $-604.94M | $37.76M |
| FY2021 | $376.65M | $-74.26M | $-155.00K | $21.20M |
| FY2022 | $1.11B | $-14.88M | $-1.20B | $30.58M |
| FY2023 | $806.17M | $-97.19M | $-628.51M | $33.43M |
| FY2024 | $210.08M | $-136.44M | $-393.57M | $36.33M |
| FY2025 | $817.35M | $-154.77M | $-298.51M | $40.37M |
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.