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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 Dec. 2023, Penske Automotive Group spent $103 Mil on purchasing property, plant, equipment. It gained $0 Mil from selling property, plant, and equipment. It spent $4 Mil on purchasing business. It gained $0 Mil from selling business. It spent $0 Mil on purchasing investments. It gained $0 Mil from selling investments. It paid $0Mil for net Intangibles purchase and sale. And it paid $4 Mil for other investing activities. In all, Penske Automotive Group spent $111 Mil on investment activities in financial market and operating subsidiaries for the three months ended in Dec. 2023.
The historical data trend for Penske 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.
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.
Penske Automotive Group's Cash Flow from Investing for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Investing | (A: Dec. 2023 ) | ||||
= | Purchase Of Property, Plant, Equipment | + | Sale Of Property, Plant, Equipment | + | Purchase Of Business |
= | -375.3 | + | 30.7 | + | -214.9 |
+ | Sale Of Business | + | Purchase Of Investment | + | Sale Of Investment |
+ | 0 | + | 0 | + | 0 |
+ | Net Intangibles Purchase And Sale | + | Cash From Discontinued Investing Activities | + | Cash From Other Investing Activities |
+ | 0 | + | 0 | + | -12.8 |
= | -572 |
Penske Automotive Group's Cash Flow from Investing for the quarter that ended in Dec. 2023 is calculated as:
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 $-572 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.
Penske Automotive Group (NYSE:PAG) 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.
Penske Automotive Group's purchase of property, plant, equipment for the three months ended in Dec. 2023 was $-103 Mil. It means Penske Automotive Group spent $103 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.
Penske Automotive Group's sale of property, plant, equipment for the three months ended in Dec. 2023 was $0 Mil. It means Penske 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.
Penske Automotive Group's purchase of business for the three months ended in Dec. 2023 was $-4 Mil. It means Penske Automotive Group spent $4 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Penske Automotive Group's sale of business for the three months ended in Dec. 2023 was $0 Mil. It means Penske Automotive Group gained $0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Penske Automotive Group's purchase of investment for the three months ended in Dec. 2023 was $0 Mil. It means Penske Automotive Group spent {stock_data.stock.currency_symbol}}0 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Penske Automotive Group's sale of investment for the three months ended in Dec. 2023 was $0 Mil. It means Penske Automotive Group gained $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.
Penske Automotive Group's net Intangibles purchase and sale for the three months ended in Dec. 2023 was $0 Mil. It means Penske 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.
Penske Automotive Group's cash from discontinued investing activities for the three months ended in Dec. 2023 was 0 Mil. It means Penske 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.
Penske Automotive Group's cash from other investing activities for the three months ended in Dec. 2023 was $-4 Mil. It means Penske Automotive Group paid $4 Mil for other investing activities.
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Sandra E. Pierce | director | 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302 |
Kurnick Robert H Jr | director, officer: President | 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954 |
John Barr | director | 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954 |
Michelle Hulgrave | officer: EVP & CFO | 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302 |
Shane M. Spradlin | officer: EVP, Gen. Counsel & Sec. | 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302 |
Kimberly J Mcwaters | director | 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027 |
Lisa Ann Davis | director | 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302 |
Greg C Smith | director | FORD MOTOR COMPANY, 21175 OAKWOOD BLVD, DEARBORN MI 48124 |
Denker Claude H Iii | officer: EVP - Human Resources | 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302 |
Roger S Penske | director, 10 percent owner, officer: Chair & CEO | 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954 |
H Brian Thompson | director | 1950 OLD GALLOWS ROAD SUITE 201, VIENNA VA 22182 |
Ronald G Steinhart | director | 3890 WEST NORTHWEST HIGHWAY SUITE 400, DALLAS TX 75220 |
Michael R Eisenson | director | C/O CHARLESBANK CAPITAL PARTNERS, 600 ATLANTIC AV 28TH FL, BOSTON MA 02210 |
Gregory W Penske | director | 3534 NORTH PECK ROAD, EL MONTE CA 91731 |
Wolfgang Duerheimer | director | 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302 |
From GuruFocus
By PRNewswire 10-20-2022
By PRNewswire 01-25-2023
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