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Eurasian Natural Resources (LSE:ENRC) Cash Flow from Investing : £-896 Mil (TTM As of Dec. 2013)


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What is Eurasian Natural Resources Cash Flow from Investing?

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. 2013, Eurasian Natural Resources spent £893 Mil on purchasing property, plant, equipment. It gained £12 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 £23 Mil from selling investments. It paid £44Mil for net Intangibles purchase and sale. And it received £5 Mil from other investing activities. In all, Eurasian Natural Resources spent £896 Mil on investment activities in financial market and operating subsidiaries for the six months ended in Dec. 2013.


Eurasian Natural Resources Cash Flow from Investing Historical Data

The historical data trend for Eurasian Natural Resources'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.

* Premium members only.

Eurasian Natural Resources Cash Flow from Investing Chart

Eurasian Natural Resources Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cash Flow from Investing
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,264.65 -1,493.53 -1,705.15 -2,801.59 -896.09

Eurasian Natural Resources Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cash Flow from Investing Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,264.65 -1,493.53 -1,705.15 -2,801.59 -896.09

Eurasian Natural Resources 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.

Eurasian Natural Resources's Cash Flow from Investing for the fiscal year that ended in Dec. 2013 is calculated as:

Eurasian Natural Resources's Cash Flow from Investing for the quarter that ended in Dec. 2013 is calculated as:


For stock reported annually, GuruFocus uses latest annual data as the TTM data. Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2013 was £-896 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.


Eurasian Natural Resources  (LSE:ENRC) 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.

Eurasian Natural Resources's purchase of property, plant, equipment for the six months ended in Dec. 2013 was £-893 Mil. It means Eurasian Natural Resources spent £893 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.

Eurasian Natural Resources's sale of property, plant, equipment for the six months ended in Dec. 2013 was £12 Mil. It means Eurasian Natural Resources gained £12 Mil from selling property, plant, and equipment.

3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.

Eurasian Natural Resources's purchase of business for the six months ended in Dec. 2013 was £0 Mil. It means Eurasian Natural Resources spent £0 Mil on purchasing business.

4. Sale Of Business:
Sale of business indicates the amount gained from selling business.

Eurasian Natural Resources's sale of business for the six months ended in Dec. 2013 was £0 Mil. It means Eurasian Natural Resources gained £0 Mil from selling business.

5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.

Eurasian Natural Resources's purchase of investment for the six months ended in Dec. 2013 was £0 Mil. It means Eurasian Natural Resources 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.

Eurasian Natural Resources's sale of investment for the six months ended in Dec. 2013 was £23 Mil. It means Eurasian Natural Resources gained £23 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.

Eurasian Natural Resources's net Intangibles purchase and sale for the six months ended in Dec. 2013 was £-44 Mil. It means Eurasian Natural Resources paid £44 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.

Eurasian Natural Resources's cash from discontinued investing activities for the six months ended in Dec. 2013 was 0 Mil. It means Eurasian Natural Resources 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.

Eurasian Natural Resources's cash from other investing activities for the six months ended in Dec. 2013 was £5 Mil. It means Eurasian Natural Resources received £5 Mil from other investing activities.


Eurasian Natural Resources Cash Flow from Investing Related Terms

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Eurasian Natural Resources (LSE:ENRC) Business Description

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Eurasian Natural Resources Corp Ltd was incorporated on December 06, 2006. It is a diversified natural resources company. It performs integrated mining, processing, power generation, logistics and marketing operations. Its six operating segments are Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy, and Logistics. Ferroalloys comprises the extraction and sale of chrome ore as well as the production of ferroalloys from chromium and manganese ores. Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products. Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminium. Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa. Energy comprises coal mining and power generation. Logistics includes transportation and logistical services to the company's primary operating divisions and to third parties.

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