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 Jan. 2024, Thor Industriesspent$41 Mil on purchasing property, plant, equipment.
It gained$13 Mil from selling property, plant, and equipment.
It spent$-0 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$2 Mil for other investing activities.
In all, Thor Industriesspent$30 Mil on investment activities in financial market and operating subsidiaries for the
three
months ended in Jan. 2024.
Thor Industries Cash Flow from Investing Historical Data
The historical data trend for Thor Industries'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.
Thor Industries 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.
Thor Industries's Cash Flow from Investing for the fiscal year that ended in Jul. 2023 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-190 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.
Thor Industries (NYSE:THO) Cash Flow from Investing Explanation
Thor Industries's purchase of property, plant, equipment for the
three
months ended in Jan. 2024 was $-41 Mil. It means Thor Industries spent $41 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)."
Thor Industries's sale of property, plant, equipment for the
three
months ended in Jan. 2024 was $13 Mil. It means Thor Industries gained $13 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Thor Industries's purchase of business for the
three
months ended in Jan. 2024 was $0 Mil. It means Thor Industries spent $-0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Thor Industries's sale of business for the
three
months ended in Jan. 2024 was $0 Mil. It means Thor Industries gained $0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Thor Industries's purchase of investment for the
three
months ended in Jan. 2024 was $0 Mil. It means Thor Industries 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.
Thor Industries's sale of investment for the
three
months ended in Jan. 2024 was $0 Mil. It means Thor Industries 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.
Thor Industries's net Intangibles purchase and sale for the
three
months ended in Jan. 2024 was $0 Mil.
It means Thor Industries 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.
Thor Industries's cash from discontinued investing activities for the
three
months ended in Jan. 2024 was 0 Mil.
It means Thor Industries 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.
Thor Industries's cash from other investing activities for the
three
months ended in Jan. 2024 was $-2 Mil.
It means Thor Industries paid $2 Mil for other investing activities.
Thor Industries Cash Flow from Investing Related Terms
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Thor Industries (Thor Industries) Business Description
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.
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