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 Group Limited (EVO), the free cash flow value is 16.55M.

All amounts in NZD

Operating Cash
Capital Expenditure
Free Cash Flow

Embark 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 Embark Education Group Limited (NZX:EVO).

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Mar 2020
Net Income -44M 741k 10.09M -13.3M
Depreciation 3.45M 2.57M 14.49M 13.85M
Change To Netincome 66.54M 26.37M 15.13M 21.87M
Change To Liabilities -5.12M 9.78M -25.62M 11.63M
Change To Operating Activities 1.64M 1.64M 15.67M -10.37M
Total Cash From Operating Activities 20.52M 40.87M 34.38M 23.69M
Capital Expenditures -3.97M -3.27M -3.08M -4.52M
Investments -4.05M -1.03M -5.42M -5.42M
Total Cashflows From Investing Activities 17.8M -44.09M -8.53M -25.36M
Net Borrowings -43.9M -8.07M 18.43M -44.19M
Other Cashflows From Financing Activities -18.41M -21.9M -18.87M -23.46M
Total Cash From Financing Activities -68.63M -6.45M -440k 15.45M
Effect Of Exchange Rate 22k -1.89M 1.38M 1.38M
Change In Cash -30.28M -11.56M 26.79M 13.77M