John Wiley & Sons
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 |
|---|---|---|---|---|
| FY2015 | $355.12M | $-279.67M | $-60.96M | $69.12M |
| FY2016 | $349.96M | $-151.40M | $-285.66M | $86.40M |
| FY2017 | $314.90M | $-243.01M | $-346.17M | $105.06M |
| FY2018 | $382.32M | $-177.41M | $-96.83M | $114.23M |
| FY2019 | $250.83M | $-301.50M | $-17.60M | $77.17M |
| FY2020 | $288.44M | $-346.67M | $172.68M | $88.59M |
| FY2021 | $359.92M | $-433.15M | $-47.09M | $77.41M |
| FY2022 | $339.10M | $-194.02M | $-131.64M | $88.84M |
| FY2023 | $277.07M | $-98.40M | $-168.57M | $81.16M |
| FY2024 | $207.64M | $-106.64M | $-107.22M | $76.08M |
| FY2025 | $202.59M | $-94.02M | $-125.33M | $61.47M |
| FY2026 | $260.52M | $28.11M | $-298.30M | $51.17M |
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.