Virtu Financial, 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 | $272.70M | $-36.16M | $-221.65M | $28.12M |
| FY2015 | $260.28M | $-24.30M | $-144.36M | $16.27M |
| FY2016 | $239.60M | $-59.02M | $-161.24M | $11.86M |
| FY2017 | $290.57M | $-838.02M | $889.80M | $18.93M |
| FY2018 | $714.60M | $329.17M | $-835.48M | $26.47M |
| FY2019 | $168.77M | $-899.64M | $769.58M | $9.32M |
| FY2020 | $1.06B | $-2.56M | $-839.92M | $28.89M |
| FY2021 | $1.17B | $-87.35M | $-957.86M | $24.56M |
| FY2022 | $706.80M | $-29.53M | $-735.75M | $27.20M |
| FY2023 | $491.78M | $-94.48M | $-585.03M | $37.77M |
| FY2024 | $598.99M | $-61.85M | $-469.57M | $12.43M |
| FY2025 | $518.39M | $-40.62M | $-281.05M | $22.80M |
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.