Fortune Brands Innovations (Fortune Brands Innovations) Cash, Cash Equivalents, Marketable Securities

: $366 Mil (As of Dec. 2023)

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Fortune Brands Innovations's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($681.70 Mil) to Sep. 2023 ($453.40 Mil) but then stayed the same from Sep. 2023 ($453.40 Mil) to Dec. 2023 ($366.40 Mil).

Fortune Brands Innovations's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($425.60 Mil) to Dec. 2022 ($642.50 Mil) but then declined from Dec. 2022 ($642.50 Mil) to Dec. 2023 ($366.40 Mil).

Fortune Brands Innovations Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Fortune Brands Innovations's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortune Brands Innovations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

387.90

419.10

425.60

642.50

366.40

Fortune Brands Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities																642.50	539.10	681.70	453.40	366.40

Fortune Brands Innovations Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Fortune Brands Innovations (NYSE:FBIN) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Fortune Brands Innovations Cash, Cash Equivalents, Marketable Securities Related Terms

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Fortune Brands Innovations (Fortune Brands Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fortune Brands Innovations Inc (NYSE:FBIN) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

2FB:Germany 2FB:Germany

Address

520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611

Website

https://www.fbin.com

Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

Executives

Ann F Hackett	director
Amee Chande	director	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Stephanie L. Pugliese	director	170 COUNTRYSIDE DRIVE, BELLEVILLE WI 53508
David V. Barry	officer: EVP & CFO	FORTUNE BRANDS INNOVATIONS, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Lee John Dong Gu	officer: EVP Chief Strategy & Growth	520 LAKE COOK ROAD, DEERFIELD IL 60015
Ron Wilson	officer: EVP, Chief Supply Chain	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Hiranda S Donoghue	officer: EVP Chief Legal & Secretary	520 LAKE COOK ROAD, DEERFIELD IL 60015
Cheri M Phyfer	officer: EVP, Group President	520 LAKE COOK ROAD, DEERFIELD IL 60015
Sheri Grissom	officer: EVP, CHRO & Transformation	13000 WEST SILVER SPRING DRIVE, BUTLER WI 53007
Nicholas I. Fink	director, officer: Chief Executive Officer	510 LAKE COOK ROAD, DEERFIELD IL 60015
Patrick D Hallinan	officer: EVP & CFO	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Mackay A D David	director
Martin Thomas	officer: SVP Ops &Supply Chain Strategy	FORTUNE BRANDS HOME & SECURITY, INC., SUITE 300, DEERFIELD IL 60015
May Russell	officer: SVP & CDO	520 LAKE COOK ROAD, DEERFIELD IL 60015
Danny Luburic	officer: Vice President & Controller	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015