Ziff Davis
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 | $177.23M | $-275.47M | $327.53M | $11.83M |
| FY2015 | $229.06M | $-335.70M | $-67.36M | $17.30M |
| FY2016 | $282.39M | $-448.86M | $41.15M | $24.75M |
| FY2017 | $264.42M | $-158.49M | $111.82M | $39.60M |
| FY2018 | $401.33M | $-406.61M | $-131.36M | $56.38M |
| FY2019 | $412.54M | $-505.27M | $456.70M | $70.59M |
| FY2020 | $480.08M | $-586.22M | $-234.63M | $92.55M |
| FY2021 | $516.54M | $59.09M | $-113.09M | $113.74M |
| FY2022 | $336.44M | $-220.77M | $-140.83M | $106.15M |
| FY2023 | $319.96M | $-127.41M | $-114.79M | $108.73M |
| FY2024 | $390.32M | $-297.46M | $-320.99M | $106.64M |
| FY2025 | $407.07M | $-145.76M | $-170.29M | $119.20M |
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.