Travel + Leisure Co.
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 | $984.00M | $-276.00M | $-701.00M | $235.00M |
| FY2015 | $991.00M | $-302.00M | $-675.00M | $189.00M |
| FY2016 | $963.00M | $-346.00M | $-586.00M | $117.00M |
| FY2017 | $986.00M | $-362.00M | $-558.00M | $107.00M |
| FY2018 | $442.00M | $-725.00M | $280.00M | $99.00M |
| FY2019 | $452.00M | $-66.00M | $-289.00M | $108.00M |
| FY2020 | $374.00M | $-65.00M | $502.00M | $69.00M |
| FY2021 | $568.00M | $-93.00M | $-1.29B | $57.00M |
| FY2022 | $442.00M | $-50.00M | $-196.00M | $52.00M |
| FY2023 | $350.00M | $-80.00M | $-500.00M | $74.00M |
| FY2024 | $464.00M | $-124.00M | $-458.00M | $81.00M |
| FY2025 | $640.00M | $-107.00M | $-443.00M | $117.00M |
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.