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).

## KFL 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 Kingfish Limited (KFL), the free cash flow value is 3.21M.

All amounts in NZD

Operating Cash
3.21M
Capital Expenditure
-
Free Cash Flow
3.21M

Kingfish 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).

## KFL Cash Flow Statement History

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

31 Mar 2022 31 Mar 2021 31 Mar 2020 31 Mar 2019
Net Income -17.31M 142.71M 1.74M 47.06M
Change To Netincome 31.67M -201.57M -43.41M -15.12M
Change To Account Receivables -3.15M 2.02M 10.42M -8.49M
Change To Liabilities -8.01M 8.54M -2.58M
Total Cash From Operating Activities 3.21M -48.3M -33.83M 23.26M
Dividends Paid -28.7M -21.49M -18.52M -14.19M
Other Cashflows From Financing Activities -30k -30k -30k -19k
Total Cash From Financing Activities -28.73M 63.33M 33.05M -14.75M
Change In Cash -25.52M 15.04M -781k 8.51M