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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. 2020, Key Energy Services spent $0.0 Mil on purchasing property, plant, equipment. It gained $1.6 Mil from selling property, plant, and equipment. It spent $0.0 Mil on purchasing business. It gained $0.0 Mil from selling business. It spent $0.0 Mil on purchasing investments. It gained $0.0 Mil from selling investments. It paid $0.0Mil for net Intangibles purchase and sale. And it paid $0.2 Mil for other investing activities. In all, Key Energy Services gained $1.4 Mil on investment activities in financial market and operating subsidiaries for the three months ended in Sep. 2020.
The historical data trend for Key Energy Services'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.
Key Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Cash Flow from Investing | Get a 7-Day Free Trial | -19.40 | 6.54 | 16.91 | -22.13 | -3.74 |
Key Energy Services Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Cash Flow from Investing | Get a 7-Day Free Trial | -0.54 | 4.38 | 1.07 | 1.32 | 1.40 |
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.
Key Energy Services's Cash Flow from Investing for the fiscal year that ended in Dec. 2019 is calculated as:
Key Energy Services's Cash Flow from Investing for the quarter that ended in Sep. 2020 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.2 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.
Key Energy Services (OTCPK:KEGX) Cash Flow from Investing Explanation
Cash flow from investing contains nine items:
1. Purchase Of Property, Plant, Equipment:
Purchase of PPE indicates the amount used to purchase property, plant, and equipment.
Key Energy Services's purchase of property, plant, equipment for the three months ended in Sep. 2020 was $0.0 Mil. It means Key Energy Services spent $0.0 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)."
2. Sale Of Property, Plant, Equipment:
Sale of PPE indicates the amount gained from selling property, plant, and equipment.
Key Energy Services's sale of property, plant, equipment for the three months ended in Sep. 2020 was $1.6 Mil. It means Key Energy Services gained $1.6 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Key Energy Services's purchase of business for the three months ended in Sep. 2020 was $0.0 Mil. It means Key Energy Services spent $0.0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Key Energy Services's sale of business for the three months ended in Sep. 2020 was $0.0 Mil. It means Key Energy Services gained $0.0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Key Energy Services's purchase of investment for the three months ended in Sep. 2020 was $0.0 Mil. It means Key Energy Services spent {stock_data.stock.currency_symbol}}0.0 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Key Energy Services's sale of investment for the three months ended in Sep. 2020 was $0.0 Mil. It means Key Energy Services gained $0.0 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.
Key Energy Services's net Intangibles purchase and sale for the three months ended in Sep. 2020 was $0.0 Mil. It means Key Energy Services paid $0.0 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.
Key Energy Services's cash from discontinued investing activities for the three months ended in Sep. 2020 was 0.0 Mil. It means Key Energy Services paid $0.0 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.
Key Energy Services's cash from other investing activities for the three months ended in Sep. 2020 was $-0.2 Mil. It means Key Energy Services paid $0.2 Mil for other investing activities.
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Louis Coale | officer: VP and Controller | 41 ROLLING LINKS SPRING TX 77386 |
Nelson Haight | officer: Chief Financial Officer | 4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027 |
Marcus C Rowland | director | 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024 |
Alan B. Menkes | director | 1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079 |
Katherine Hargis | officer: VP, CLO and Secretary | 1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010 |
Sherman Iii Edmiston | director | ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141 |
Wommack H H Iii | director | SOUTHWEST ROYALTIES INC, 407 N BIG SPRING STREET SUITE 300, MIDLAND TX 79701 |
Jacob Kotzubei | director | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
J Marshall Dodson | officer: President, CEO, Interim CFO | C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY STREET, SUITE 1800 HOUSTON TX 77010 |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Blackrock Inc. | 10 percent owner | 50 HUDSON YARDS, NEW YORK NY 10001 |
Bluemountain Capital Management, Llc | 10 percent owner | 280 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Bluemountain Gp Holdings, Llc | 10 percent owner | 280 PARK AVENUE,, 12TH FLOOR, NEW YORK NY 10017 |
Blue Mountain Credit Alternatives Master Fund L.p. | 10 percent owner | C/O BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017 |
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