What is Asbury Automotive Group Cash Flow from Investing?
Cash Flow from Investing covers the cash a company gains or spends from investment activities in financial market and operating subsidiaries. It also includes the cash the company used for property, plant and equipment (PPE).
For the
three
months ended in Mar. 2024, Asbury Automotive Groupspent$93 Mil on purchasing property, plant, equipment.
It gained$0 Mil from selling property, plant, and equipment.
It spent$0 Mil on purchasing business.
It gained$102 Mil from selling business.
It spent$20 Mil on purchasing investments.
It gained$10 Mil from selling investments.
It paid$0Mil for net Intangibles purchase and sale.
And it paid$12 Mil for other investing activities.
In all, Asbury Automotive Groupspent$14 Mil on investment activities in financial market and operating subsidiaries for the
three
months ended in Mar. 2024.
Asbury Automotive Group Cash Flow from Investing Historical Data
The historical data trend for Asbury Automotive Group's Cash Flow from Investing 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.
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Asbury Automotive Group Cash Flow from Investing Chart
Asbury Automotive Group Cash Flow from Investing Calculation
Cash Flow from Investing covers the cash a company gains or spends from investment activities in financial market and operating subsidiaries. It also includes the cash the company used for property, plant and equipment (PPE).
If a company spends cash on property, plant and equipment (PPE), this will reduce their cash position. This is called Capital Expenditures (CPEX).
Likewise, if a company buys another company for cash, this will reduce their cash position.
Asbury Automotive Group's Cash Flow from Investing for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,637 Mil.
* 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.
Asbury Automotive Group (NYSE:ABG) Cash Flow from Investing Explanation
Asbury Automotive Group's purchase of property, plant, equipment for the
three
months ended in Mar. 2024 was $-93 Mil. It means Asbury Automotive Group spent $93 Mil on purchasing property, plant, equipment.
In the capital spending for property, plant and equipment (PPE), some part of spending may be from the expansion of business. The business needs more property, plant and equipment (PPE) as it grows. Another part may be from replacement of the property, plant and equipment (PPE) of existing business. For some companies, the cash spent on replacing of the property, plant and equipment (PPE) of the existing business will be close to the depreciation of property, plant and equipment (PPE) reported in the income statement.
In Warren Buffett's definition of Owner's Earnings, he deducts the estimate of the cost of replacing the property, plant and equipment (PPE) of the existing business from cash flow from operations. The cash spent on the new property, plant, and equipment is not deducted. The reason is because these are not costs of the existing business. In his 1986 letter to shareholders, Warren Buffett wrote this about owner earnings:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume....Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Asbury Automotive Group's sale of property, plant, equipment for the
three
months ended in Mar. 2024 was $0 Mil. It means Asbury Automotive Group gained $0 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Asbury Automotive Group's purchase of business for the
three
months ended in Mar. 2024 was $0 Mil. It means Asbury Automotive Group spent $0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Asbury Automotive Group's sale of business for the
three
months ended in Mar. 2024 was $102 Mil. It means Asbury Automotive Group gained $102 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Asbury Automotive Group's purchase of investment for the
three
months ended in Mar. 2024 was $-20 Mil. It means Asbury Automotive Group spent {stock_data.stock.currency_symbol}}20 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Asbury Automotive Group's sale of investment for the
three
months ended in Mar. 2024 was $10 Mil. It means Asbury Automotive Group gained $10 Mil from selling investments.
7. Net Intangibles Purchase And Sale:
Net Intangibles purchase and sale means the net cash inflow received by a company that comes from the purchase and sale of intangibles. It equals the cash received from sale of intangibles minus the cash spent on purchasing intangibles.
Asbury Automotive Group's net Intangibles purchase and sale for the
three
months ended in Mar. 2024 was $0 Mil.
It means Asbury Automotive Group paid $0 Mil for net Intangibles purchase and sale.
8. Cash From Discontinued Investing Activities:
Cash from discontinued investing activities means the cash received by a company that comes from the discontinued investing activities.
Asbury Automotive Group's cash from discontinued investing activities for the
three
months ended in Mar. 2024 was 0 Mil.
It means Asbury Automotive Group paid $0 Mil for discontinued investing activities.
9. Cash From Other Investing Activities:
Cash from other investing activities means the cash received by a company that comes from other investing activities.
Asbury Automotive Group's cash from other investing activities for the
three
months ended in Mar. 2024 was $-12 Mil.
It means Asbury Automotive Group paid $12 Mil for other investing activities.
Asbury Automotive Group Cash Flow from Investing Related Terms
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Asbury Automotive Group (Asbury Automotive Group) Business Description
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 138 new-vehicle stores, seven used-vehicle stores, and 32 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 14 states (mostly Texas, the West, and the Southeast). Asbury store brands include David McDavid and Park Place in Texas, and the Larry H. Miller brand in the Western U.S. It plans to acquire Koons in the Washington, D.C. area in late 2023 or early 2024. Asbury generated $15.4 billion of revenue in 2022 and is based in the Atlanta area. The firm targets about $32 billion in 2025.
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