What is Industrial And Commercial Bank Of China 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 Dec. 2023, Industrial And Commercial Bank Of Chinaspent$1,182 Mil on purchasing property, plant, equipment.
It gained$-22 Mil from selling property, plant, and equipment.
It spent$0 Mil on purchasing business.
It gained$0 Mil from selling business.
It spent$139,471 Mil on purchasing investments.
It gained$113,556 Mil from selling investments.
It paid$0Mil for net Intangibles purchase and sale.
And it paid$330 Mil for other investing activities.
In all, Industrial And Commercial Bank Of Chinaspent$27,450 Mil on investment activities in financial market and operating subsidiaries for the
three
months ended in Dec. 2023.
Industrial And Commercial Bank Of China Cash Flow from Investing Historical Data
* 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.
Industrial And Commercial Bank Of China Cash Flow from Investing Chart
Industrial And Commercial Bank Of China Annual Data
Industrial And Commercial Bank Of China 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.
Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-125,740 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.
Industrial And Commercial Bank Of China (OTCPK:IDCBY) Cash Flow from Investing Explanation
Industrial And Commercial Bank Of China's purchase of property, plant, equipment for the
three
months ended in Dec. 2023 was $-1,182 Mil. It means Industrial And Commercial Bank Of China spent $1,182 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)."
Industrial And Commercial Bank Of China's sale of property, plant, equipment for the
three
months ended in Dec. 2023 was $-22 Mil. It means Industrial And Commercial Bank Of China gained $-22 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Industrial And Commercial Bank Of China's purchase of business for the
three
months ended in Dec. 2023 was $0 Mil. It means Industrial And Commercial Bank Of China spent $0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Industrial And Commercial Bank Of China's sale of business for the
three
months ended in Dec. 2023 was $0 Mil. It means Industrial And Commercial Bank Of China gained $0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Industrial And Commercial Bank Of China's purchase of investment for the
three
months ended in Dec. 2023 was $-139,471 Mil. It means Industrial And Commercial Bank Of China spent {stock_data.stock.currency_symbol}}139,471 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Industrial And Commercial Bank Of China's sale of investment for the
three
months ended in Dec. 2023 was $113,556 Mil. It means Industrial And Commercial Bank Of China gained $113,556 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.
Industrial And Commercial Bank Of China's net Intangibles purchase and sale for the
three
months ended in Dec. 2023 was $0 Mil.
It means Industrial And Commercial Bank Of China 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.
Industrial And Commercial Bank Of China's cash from discontinued investing activities for the
three
months ended in Dec. 2023 was 0 Mil.
It means Industrial And Commercial Bank Of China 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.
Industrial And Commercial Bank Of China's cash from other investing activities for the
three
months ended in Dec. 2023 was $-330 Mil.
It means Industrial And Commercial Bank Of China paid $330 Mil for other investing activities.
Industrial And Commercial Bank Of China Cash Flow from Investing Related Terms
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Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.
Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines
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