Cash from Investing
What the company spends building its future, from new factories to acquisitions.
Cash Flow from Investing (CFI) tracks money spent on (or received from) long-term assets — buying machinery and factories (capital expenditureSpending on long-term assets like plants and equipment., “capex”), acquisitions, or selling assets and investments.
For a growing company, CFI is usually negative — and that’s healthy: it’s spending to build futureA binding agreement to buy or sell at a set price on a future date. capacity. The question is whether that spending earns good returns later.
What is capex?
Capital expenditure — money spent buying or upgrading long-term physical assets like plant, machinery and property. “Maintenance capex” just keeps the business running; “growth capex” expands it. Subtracting capex from operating cash flow gives free cash flow.