Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

EVO Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

Free Cash Flow = Operating Cash Flow - Capital Expenditures

Using above formula to calculate Free Cash Flow for Embark Education Limited (EVO), the free cash flow value is 35.62M.

All amounts in NZD

Operating Cash
38.89M
Capital Expenditure
-3.27M
Free Cash Flow
35.62M

Embark Education Limited has a positive free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

EVO Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Embark Education Limited (NZX:EVO).

31 Dec 2021 31 Dec 2020 31 Mar 2020 31 Mar 2019
Net Income 741k 10.09M -13.3M -101.55M
Depreciation 14.7M 14.49M 13.85M 3.06M
Change To Netincome 14.18M 15.13M 21.87M 107.96M
Change To Liabilities 7.8M -25.62M 11.63M 1.04M
Change To Operating Activities 1.64M 15.67M -10.37M -2.42M
Total Cash From Operating Activities 38.89M 34.38M 23.69M 7.56M
Capital Expenditures -3.27M -3.08M -4.52M -3.56M
Investments -1.03M -5.42M -5.42M -5.42M
Total Cashflows From Investing Activities -42.11M -8.53M -25.36M -4.16M
Net Borrowings -8.07M 18.43M -44.19M 23.06M
Other Cashflows From Financing Activities -21.9M -18.87M -23.46M -3.42M
Total Cash From Financing Activities -6.45M -440k 15.45M 16.51M
Effect Of Exchange Rate -1.89M 1.38M 1.38M 1.38M
Change In Cash -11.56M 26.79M 13.77M 19.91M
Issuance Of Stock 23.52M 23.52M 83.1M 83.1M