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
six
months ended in Dec. 2023, Lendlease GroupspentA$15 Mil on purchasing property, plant, equipment.
It gainedA$0 Mil from selling property, plant, and equipment.
It spentA$0 Mil on purchasing business.
It gainedA$0 Mil from selling business.
It spentA$635 Mil on purchasing investments.
It gainedA$103 Mil from selling investments.
It paidA$23Mil for net Intangibles purchase and sale.
And it paidA$34 Mil for other investing activities.
In all, Lendlease GroupspentA$604 Mil on investment activities in financial market and operating subsidiaries for the
six
months ended in Dec. 2023.
Lendlease Group Cash Flow from Investing Historical Data
The historical data trend for Lendlease Group's Cash Flow from Investing can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lendlease Group Cash Flow from Investing Calculation
Cash Flow from Investing covers the cash a company gains or spends from investment activities in financial market and operating subsidiaries. It also includes the cash the company used for property, plant and equipment (PPE).
If a company spends cash on property, plant and equipment (PPE), this will reduce their cash position. This is called Capital Expenditures (CPEX).
Likewise, if a company buys another company for cash, this will reduce their cash position.
Lendlease Group's Cash Flow from Investing for the fiscal year that ended in Jun. 2023 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-638 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.
Lendlease Group (ASX:LLC) Cash Flow from Investing Explanation
Lendlease Group's purchase of property, plant, equipment for the
six
months ended in Dec. 2023 was A$-15 Mil. It means Lendlease Group spent A$15 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)."
Lendlease Group's sale of property, plant, equipment for the
six
months ended in Dec. 2023 was A$0 Mil. It means Lendlease Group gained A$0 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Lendlease Group's purchase of business for the
six
months ended in Dec. 2023 was A$0 Mil. It means Lendlease Group spent A$0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Lendlease Group's sale of business for the
six
months ended in Dec. 2023 was A$0 Mil. It means Lendlease Group gained A$0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Lendlease Group's purchase of investment for the
six
months ended in Dec. 2023 was A$-635 Mil. It means Lendlease Group spent {stock_data.stock.currency_symbol}}635 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Lendlease Group's sale of investment for the
six
months ended in Dec. 2023 was A$103 Mil. It means Lendlease Group gained A$103 Mil from selling investments.
7. Net Intangibles Purchase And Sale:
Net Intangibles purchase and sale means the net cash inflow received by a company that comes from the purchase and sale of intangibles. It equals the cash received from sale of intangibles minus the cash spent on purchasing intangibles.
Lendlease Group's net Intangibles purchase and sale for the
six
months ended in Dec. 2023 was A$-23 Mil.
It means Lendlease Group paid A$23 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.
Lendlease Group's cash from discontinued investing activities for the
six
months ended in Dec. 2023 was 0 Mil.
It means Lendlease Group paid A$0 Mil for discontinued investing activities.
9. Cash From Other Investing Activities:
Cash from other investing activities means the cash received by a company that comes from other investing activities.
Lendlease Group's cash from other investing activities for the
six
months ended in Dec. 2023 was A$-34 Mil.
It means Lendlease Group paid A$34 Mil for other investing activities.
Lendlease Group Cash Flow from Investing Related Terms
Thank you for viewing the detailed overview of Lendlease Group's Cash Flow from Investing provided by GuruFocus.com. Please click on the following links to see related term pages.
Lendlease's business comprises three segments: development, investments, and construction. Development accounted for more than half of EBITDA in 2020, and the future pipeline is so large it cannot be funded from its own balance sheet. The group is selling stakes in mature projects to its funds management clients. This sacrifices development profit, in return for management fees, reduced risk, and capital to accelerate new projects in the pipeline. Construction generates large revenues but slim margins. This business is retained to preserve expertise and scale for the development business. Lendlease sold its engineering and services business during the pandemic, but retains some risks, notably the Melbourne Metro project. It is also reducing its exposure to retirement living.
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