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).

## IFT 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 Infratil Limited (IFT), the free cash flow value is -32.80M.

All amounts in NZD

Operating Cash
82.8M
Capital Expenditure
-115.6M
Free Cash Flow
-32.80M

Infratil Limited has a negative 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).

## IFT Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Infratil Limited (NZX:IFT).

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income 1.17B -49.2M 241.2M -19.5M
Depreciation 142.7M 127.2M 157.3M 188.2M
Change To Netincome -1.25B -93.1M -250.8M 78.6M
Change To Account Receivables 48.6M -64.5M 24.7M -83.4M
Change To Liabilities -10M -1.3M 51.2M 5.7M
Change To Inventory -200k -200k 1.2M 200k
Change To Operating Activities -42.5M 208.4M -108.9M 129.8M
Total Cash From Operating Activities 82.8M 91.4M 100M 276.9M
Capital Expenditures -115.6M -459.8M -467.7M -258.2M
Investments -225.5M 14M -943.1M -64M
Other Cashflows From Investing Activities 16.4M -91.9M 8.9M -2.7M
Total Cashflows From Investing Activities 164.6M -1.35B -830.2M -429.6M
Dividends Paid -121.8M -117.7M -113.7M -95.1M
Net Borrowings -45.5M 704.6M 856M 351.7M
Other Cashflows From Financing Activities 296.7M 59.3M -108.4M -36.5M
Total Cash From Financing Activities 122.7M 940.3M 1.03B 220.1M
Effect Of Exchange Rate -4.3M 36.9M -10.4M -4M
Change In Cash 717.2M -596.5M 316M 33.8M
Repurchase Of Stock -6.7M -6.7M -3.7M -3.7M