What is WellCare Health Plans 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 Sep. 2019, WellCare Health Plansspent$50 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$0 Mil from selling business.
It spent$2,249 Mil on purchasing investments.
It gained$1,480 Mil from selling investments.
It paid$0Mil for net Intangibles purchase and sale.
And it received$0 Mil from other investing activities.
In all, WellCare Health Plansspent$820 Mil on investment activities in financial market and operating subsidiaries for the
three
months ended in Sep. 2019.
WellCare Health Plans Cash Flow from Investing Historical Data
The historical data trend for WellCare Health Plans'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.
* Premium members only.
WellCare Health Plans Cash Flow from Investing Chart
WellCare Health Plans 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.
WellCare Health Plans's Cash Flow from Investing for the fiscal year that ended in Dec. 2018 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,774 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.
WellCare Health Plans (NYSE:WCG) Cash Flow from Investing Explanation
WellCare Health Plans's purchase of property, plant, equipment for the
three
months ended in Sep. 2019 was $-50 Mil. It means WellCare Health Plans spent $50 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)."
WellCare Health Plans's sale of property, plant, equipment for the
three
months ended in Sep. 2019 was $0 Mil. It means WellCare Health Plans gained $0 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
WellCare Health Plans's purchase of business for the
three
months ended in Sep. 2019 was $0 Mil. It means WellCare Health Plans spent $0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
WellCare Health Plans's sale of business for the
three
months ended in Sep. 2019 was $0 Mil. It means WellCare Health Plans gained $0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
WellCare Health Plans's purchase of investment for the
three
months ended in Sep. 2019 was $-2,249 Mil. It means WellCare Health Plans spent {stock_data.stock.currency_symbol}}2,249 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
WellCare Health Plans's sale of investment for the
three
months ended in Sep. 2019 was $1,480 Mil. It means WellCare Health Plans gained $1,480 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.
WellCare Health Plans's net Intangibles purchase and sale for the
three
months ended in Sep. 2019 was $0 Mil.
It means WellCare Health Plans 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.
WellCare Health Plans's cash from discontinued investing activities for the
three
months ended in Sep. 2019 was 0 Mil.
It means WellCare Health Plans 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.
WellCare Health Plans's cash from other investing activities for the
three
months ended in Sep. 2019 was $0 Mil.
It means WellCare Health Plans received $0 Mil from other investing activities.
WellCare Health Plans Cash Flow from Investing Related Terms
Thank you for viewing the detailed overview of WellCare Health Plans's Cash Flow from Investing provided by GuruFocus.com. Please click on the following links to see related term pages.
WellCare Health Plans (WellCare Health Plans) Business Description
WellCare Health Plans Inc is a managed care organization focused on government-sponsored managed care services, including Medicare and Medicaid. WellCare's membership is concentrated in Florida, Georgia, Kentucky, New York, and Illinois. Its key segments are Medicaid health plans, Medicare health plans, and Medicare prescription drug plans. Medicaid health plans represent the largest proportion of both total membership and premium revenue. The Medicaid segment generates revenue from the premiums received from the states in which health plans are offered, based on a fixed per-member per-month amount. WellCare also provides Medicare Part C and Part D benefits through its Medicare Advantage plans.
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