WEX Inc.
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 | $296.41M | $-904.03M | $526.71M | $58.13M |
| FY2015 | $445.10M | $-126.66M | $-319.54M | $63.49M |
| FY2016 | $-141.19M | $-1.16B | $1.22B | $61.80M |
| FY2017 | $135.43M | $-168.05M | $359.39M | $79.28M |
| FY2018 | $400.23M | $-254.18M | $-102.73M | $87.15M |
| FY2019 | $663.17M | $-990.61M | $749.77M | $102.86M |
| FY2020 | $736.80M | $-329.09M | $-59.04M | $80.47M |
| FY2021 | $-42.60M | $-1.60B | $1.60B | $86.00M |
| FY2022 | $679.40M | $-716.70M | $681.30M | $112.90M |
| FY2023 | $907.90M | $-2.14B | $1.57B | $143.60M |
| FY2024 | $481.40M | $-960.60M | $-260.30M | $147.30M |
| FY2025 | $454.30M | $-696.90M | $418.90M | $140.60M |
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.