Valley Bank
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 | $183.98M | $-511.57M | $788.83M | $21.86M |
| FY2015 | $154.93M | $-1.70B | $1.13B | $34.04M |
| FY2016 | $419.18M | $-1.53B | $1.09B | $20.71M |
| FY2017 | $619.23M | $-1.55B | $951.93M | $18.12M |
| FY2018 | $303.96M | $-2.84B | $2.55B | $26.44M |
| FY2019 | $261.92M | $-897.32M | $641.45M | $23.38M |
| FY2020 | $163.56M | $-2.04B | $2.77B | $24.61M |
| FY2021 | $837.14M | $-1.08B | $964.35M | $39.43M |
| FY2022 | $1.43B | $-6.79B | $4.26B | $68.94M |
| FY2023 | $378.19M | $-3.35B | $2.91B | $76.05M |
| FY2024 | $548.54M | $-709.28M | $1.16B | $16.14M |
| FY2025 | $343.83M | $-2.16B | $1.51B | $18.10M |
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.