Virtus Investment Partners, 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 | $-58.87M | $-8.18M | $-1.19M | $2.43M |
| FY2015 | $-209.43M | $-6.44M | $109.95M | $4.68M |
| FY2016 | $20.92M | $3.08M | $-48.06M | $2.02M |
| FY2017 | $-182.86M | $-416.99M | $750.46M | $1.51M |
| FY2018 | $-62.56M | $-121.23M | $204.16M | $11.72M |
| FY2019 | $-36.72M | $4.45M | $99.56M | $7.56M |
| FY2020 | $-226.10M | $8.68M | $235.33M | $1.04M |
| FY2021 | $665.73M | $-175.03M | $-244.40M | $5.84M |
| FY2022 | $132.67M | $-27.47M | $-102.06M | $6.58M |
| FY2023 | $237.16M | $-129.73M | $-356.11M | $8.82M |
| FY2024 | $1.76M | $-16.95M | $74.95M | $5.58M |
| FY2025 | $-67.20M | $-47.34M | $191.03M | $6.89M |
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.