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 Evolve Education Group 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

Evolve Education Group 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 Evolve Education Group Limited (NZX:EVO).

31 Dec 202131 Dec 202031 Mar 202031 Mar 2019
Net Income741k10.09M-13.3M-101.55M
Depreciation14.7M14.49M13.85M3.06M
Change To Netincome14.18M15.13M21.87M107.96M
Change To Liabilities7.8M-25.62M11.63M1.04M
Change To Operating Activities1.64M15.67M-10.37M-2.42M
Total Cash From Operating Activities38.89M34.38M23.69M7.56M
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-8.07M18.43M-44.19M23.06M
Other Cashflows From Financing Activities-21.9M-18.87M-23.46M-3.42M
Total Cash From Financing Activities-6.45M-440k15.45M16.51M
Effect Of Exchange Rate-1.89M1.38M1.38M1.38M
Change In Cash-11.56M26.79M13.77M19.91M
Issuance Of Stock23.52M23.52M83.1M83.1M