Under Armour (Class A)
S&P 600
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 | $219.03M | $-152.31M | $182.31M | $140.53M |
| FY2015 | $14.54M | $-847.48M | $381.43M | $298.93M |
| FY2016 | $366.62M | $-381.14M | $146.11M | $316.46M |
| FY2017 | $237.46M | $-282.99M | $106.76M | $281.34M |
| FY2018 | $628.23M | $-202.90M | $-189.87M | $170.39M |
| FY2019 | $509.03M | $-147.11M | $-137.07M | $145.80M |
| FY2020 | $212.86M | $66.35M | $436.85M | $92.29M |
| FY2021 | $660.57M | $-64.62M | $-418.74M | $66.03M |
| FY2023 | $-39.89M | $-123.07M | $-126.38M | $158.07M |
| FY2024 | $353.97M | $-105.33M | $-78.69M | $150.33M |
| FY2025 | $-59.32M | $-126.35M | $-180.81M | $168.68M |
| FY2026 | $-75.09M | $-688.81M | $560.63M | $87.08M |
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.