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Abacus Life (Abacus Life) Change In Working Capital : $-69.73 Mil (TTM As of Dec. 2023)


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What is Abacus Life Change In Working Capital?

Abacus Life's change in working capital for the quarter that ended in Dec. 2023 was $-9.28 Mil.

Abacus Life's change in working capital for the fiscal year that ended in Dec. 2023 was $-69.73 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

Abacus Life Change In Working Capital Historical Data

The historical data trend for Abacus Life's Change In Working Capital 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.

Abacus Life Change In Working Capital Chart

Abacus Life Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Change In Working Capital
-0.55 0.31 -17.98 -69.73

Abacus Life Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 7.83 -0.15 1.03 -61.33 -9.28

Abacus Life Change In Working Capital Calculation

Change In Working Capital 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 $-69.73 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows Fiscal Years EndedJanuary 31,(Amounts in millions)
Cash flows from operating activities: 2014 2013 2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net (566) (614) (796)
Inventories (1,667) (2,759) (3,727)
Accounts payable 531 1,061 2,687
Accrued liabilities 103 271 (935)
Accrued income taxes (1,224) 981 994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) 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.

Abacus Life Change In Working Capital Related Terms

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Abacus Life (Abacus Life) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abacus Life Inc (NAS:ABL) » Definitions » Change In Working Capital
Comparable Companies
KCLI VERY CIA MDWT UTGN AAME NWLI SHSE:601628 SHSE:601318 HKSE:01299 AFL BOM:543526 MET PRU SHSE:601601 TSX:MFC LSE:PRU TSX:GWO TPE:2881 TSE:8750
Traded in Other Exchanges
N/A
Address
2101 Park Center Drive, Suite 170, Orlando, FL, USA, 32835
Website
https://www.abacuslife.com
Abacus Life Inc is a vertically integrated alternative asset manager specializing in investing in life insurance products throughout the lifecycle of a life insurance policy.
Executives
Adam Samuel Gusky officer: Chief Investment Officer RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Sean Mcnealy director, 10 percent owner, officer: Co-Founder and President 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mary Beth Schulte director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Van Katwijk Cornelis Michiel director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Jay J Jackson director, officer: Chief Executive Officer 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mccauley William Hugh Jr officer: Chief Financial Officer 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Asset Management, Llc 10 percent owner 777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487
Corbett Thomas Wingett Jr director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Kevin Scott Kirby 10 percent owner, officer: Co-Founder and President 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Matthew Ganovsky 10 percent owner, officer: Co-Founder and President 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Karla Radka director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Sponsor, Llc 10 percent owner C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Terrence M. Pegula 10 percent owner C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Alberta Investment Management Corp 10 percent owner 1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116