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).

## NPH 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 Napier Port Holdings Limited (NPH), the free cash flow value is -39.03M.

All amounts in NZD

Operating Cash
33.04M
Capital Expenditure
-72.07M
Free Cash Flow
-39.03M

Napier Port Holdings 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).

## NPH Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Napier Port Holdings Limited (NZX:NPH).

30 Sep 2022 30 Sep 2021 30 Sep 2020 30 Sep 2019
Net Income 20.42M 23.16M 22.01M 6.85M
Depreciation 13.04M 12.29M 11.97M 11.48M
Change To Netincome -186k -72k -1.06M 7.93M
Change To Account Receivables 1.15M -1.71M -1.79M -374k
Change To Liabilities 949k 2.36M -3.07M 1.58M
Change To Operating Activities 25k 18k 11k 19k
Total Cash From Operating Activities 33.04M 34.83M 29.33M 29.34M
Capital Expenditures -72.07M -103.68M -45.99M -17.42M
Total Cashflows From Investing Activities -71.87M -103.62M -46.01M -17.49M
Dividends Paid -14.99M -15.59M -5M -10M
Net Borrowings 54.97M 77.79M -200k -80.69M
Other Cashflows From Financing Activities -713k -40k -1.47M -79.55M
Total Cash From Financing Activities 39.37M 62.26M -6.6M 19.48M
Change In Cash 539k -6.53M -23.29M 31.33M
Issuance Of Stock 110k 100k 67k 234M