Tetra Tech
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 | $127.38M | $-41.16M | $-87.68M | $19.40M |
| FY2015 | $162.85M | $-21.02M | $-123.58M | $24.30M |
| FY2016 | $142.02M | $-94.02M | $-25.39M | $11.95M |
| FY2017 | $141.49M | $-16.96M | $-98.27M | $9.74M |
| FY2018 | $185.73M | $-42.63M | $-181.96M | $9.73M |
| FY2019 | $208.51M | $-99.71M | $-135.06M | $16.20M |
| FY2020 | $262.48M | $-63.02M | $-163.05M | $12.25M |
| FY2021 | $304.37M | $-92.99M | $-210.10M | $8.57M |
| FY2022 | $336.19M | $-55.74M | $-249.61M | $10.58M |
| FY2023 | $368.46M | $-771.20M | $382.38M | $26.90M |
| FY2024 | $358.71M | $-111.04M | $-191.38M | $18.14M |
| FY2025 | $457.69M | $-106.75M | $-410.24M | $18.63M |
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.