U.S. Physical Therapy, Inc.
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 | $45.19M | $-22.88M | $-20.94M | $5.17M |
| FY2015 | $37.52M | $-26.13M | $-9.89M | $6.26M |
| FY2016 | $51.05M | $-32.49M | $-14.29M | $8.26M |
| FY2017 | $56.53M | $-43.58M | $-11.07M | $7.10M |
| FY2018 | $73.01M | $-23.91M | $-47.66M | $7.19M |
| FY2019 | $62.45M | $-37.99M | $-24.28M | $10.19M |
| FY2020 | $100.00M | $-51.20M | $-39.42M | $7.64M |
| FY2021 | $76.41M | $-124.14M | $43.38M | $8.20M |
| FY2022 | $58.54M | $-81.27M | $25.76M | $8.25M |
| FY2023 | $81.98M | $-45.02M | $84.27M | $9.29M |
| FY2024 | $74.94M | $-149.45M | $-36.95M | $9.19M |
| FY2025 | $75.06M | $-36.71M | $-44.14M | $14.07M |
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.