Avast's operating cash flow stood at USD 105 mil in 2Q2020, up 37.7% when compared to the previous year. Historically, between 1Q2015 - 2Q2020, the firm’s operating cash flow reached a high of USD 105 mil in 2Q2020 and a low of USD 45.7 mil in 1Q2015.
Avast's total investments stood at USD -1.65 mil and accounted for 0.623% of sales in 2Q2020. This is compared to an average of 2.70% as seen over the last five years.
Cash from financing amounted to USD -137 mil, so the company generated USD -32.8 mil net cash in 2Q2020.
At the end of 2Q2020, the company had a net debt of USD 811 mil, or 1.94x of EBITDA and 71.1% of equity. Net working capital amounted to USD -67.4 mil, or -31.1% of sales. The cash conversion cycle stood at -119 days in 2Q2020. This is a deterioration compared to the previous year (26.5 days), so Avast’s working capital was tied up for 145 more days.