World Acceptance Corporation
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 | $241.89M | $-108.21M | $-112.48M | $8.59M |
| FY2016 | $206.07M | $-101.89M | $-128.64M | $8.65M |
| FY2017 | $219.36M | $-131.61M | $-84.15M | $6.81M |
| FY2018 | $218.03M | $-169.81M | $-31.46M | $9.17M |
| FY2019 | $244.66M | $-206.97M | $-63.12M | $9.81M |
| FY2020 | $280.98M | $-279.09M | $394.49K | $11.28M |
| FY2021 | $226.95M | $-82.00M | $-140.83M | $11.68M |
| FY2022 | $272.45M | $-451.89M | $182.93M | $6.07M |
| FY2023 | $291.55M | $-180.58M | $-113.70M | $5.83M |
| FY2024 | $265.78M | $-135.14M | $-135.32M | $5.93M |
| FY2025 | $254.16M | $-152.75M | $-103.52M | $3.68M |
| FY2026 | $259.36M | $-232.88M | $-6.83M | $3.88M |
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.