Community Bank System (Community Bank System) Change In Working Capital : $1.1 Mil (TTM As of Dec. 2023)

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What is Community Bank System Change In Working Capital?

Community Bank System's change in working capital for the quarter that ended in Dec. 2023 was $3.9 Mil.

Community Bank System's change in working capital for the fiscal year that ended in Dec. 2023 was $1.1 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).

Community Bank System Change In Working Capital Historical Data

The historical data trend for Community Bank System'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.

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Community Bank System Change In Working Capital Chart

Community Bank System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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2.55

-16.94

2.06

-6.23

1.11

Community Bank System Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															6.99	-16.70	6.95	3.86	-

Community Bank System 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 $1.1 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 Ended	January 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.

Community Bank System Change In Working Capital Related Terms

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Community Bank System (Community Bank System) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Community Bank System Inc (NYSE:CBU) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

CBY:Germany

Address

5790 Widewaters Parkway, DeWitt, NY, USA, 13214-1883

Website

https://www.cbna.com

Community Bank System Inc is a financial holding company. The company primarily operates through two wholly-owned subsidiaries: Community Bank, N.A. and Benefit Plans Administrative Services. Community Bank's business is operating a community bank providing a broad array of banking and financial services. These are offered chiefly to retail, commercial, and municipal customers in non-metropolitan markets, including small towns in upstate New York and Northeastern Pennsylvania. The company has historically relied on acquisitions to fuel growth, in addition to growing organically. A majority of its loan portfolio is tilted toward the consumer market on an installment, line of credit, or residential mortgage loan basis. The majority of the company's net revenue is net interest income.

Executives

Sally A Steele	director
Jeffrey M Levy	officer: President, Commercial Banking	52 SOUTH BROAD STREET, NORWICH NY 13815
Brian R Ace	director
Dimitar Karaivanov	officer: EVP Financial Serv & Corp Dev	C/O COMMUNITY BANK SYSTEM, INC., 5790 WIDEWATERS PARKWAY, DEWITT NY 13214
Kerrie D. Macpherson	director	5790 WIDEWATERS PARKWAY, C/O COMMUNITY BANK SYSTEM INC., DEWITT NY 13214
Mark J. Bolus	director	R.R. 1, BOX 412A, DALTON PA 18414
John F. Whipple	director	1692 GOODRICH AVENUE, OLEAN NY 14760
Michael N Abdo	officer: EVP and General Counsel	5790 WIDEWATERS PARKWAY, DEWITT NY 13214
Jeffrey J Knauss	director	2438 EAST LAKE ROAD, SKANEATELES NY 13152
George J Getman	officer: Executive VP & General Counsel	7856 CAHILL ROAD, MANLIUS NY 13104
Maureen A Gillan-myer	officer: EVP, Chief Human Resources Off	C/O HSBC NORTH AMERICA, 452 FIFTH AVENUE, NEW YORK NY 10018
John Parente	director	478 SCHOOLHOUSE ROAD, TUNKHANNOCK PA 18657
Joseph Jonathon Lemchak	officer: SVP, Chief Investment Officer	4482 YOUNG ROAD, SYRACUSE NY 13215
Eric Stickels	director	182 MAIN STREET, ONEIDA NY 13421
Susan E Skerritt	director	3200 NORTHLINE AVE, SUITE 360, GREENSBORO NC 27408