First Horizon (First Horizon) Change In Working Capital : $849 Mil (TTM As of Dec. 2023)

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What is First Horizon Change In Working Capital?

First Horizon's change in working capital for the quarter that ended in Dec. 2023 was $75 Mil.

First Horizon's change in working capital for the fiscal year that ended in Dec. 2023 was $849 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).

First Horizon Change In Working Capital Historical Data

The historical data trend for First Horizon'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.

First Horizon Change In Working Capital Chart

First Horizon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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1,289.00

1,689.00

2,236.00

2,644.00

849.00

First Horizon 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															109.00	453.00	212.00	75.00	-

First Horizon 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 $849 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.

First Horizon Change In Working Capital Related Terms

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First Horizon (First Horizon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Horizon Corp (NYSE:FHN) » Definitions » Change In Working Capital

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FHNpF.PFD:USA FHNpB.PFD:USA FHNpC.PFD:USA FHNpD.PFD:USA FHNpE.PFD:USA FT2:Germany

Address

165 Madison Avenue, Memphis, TN, USA, 38103

Website

https://www.firsthorizon.com

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.

Executives

Velia Carboni	director	165 MADISON AVE, MEMPHIS TN 38103
William H Fenstermaker	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Vicki R Palmer	director	PO BOX 723040, ATLANTA GA 30339
Rosa Sugranes	director	2975 N.W. 77TH AVE, DORAL FL 33132
Reed Colin V	director
Wendy P Davidson	director	2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762
D Bryan Jordan	officer: EVP and CFO
Terry Lawson Akins	officer: Sr. EVP, Chief Risk Officer	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
David T Popwell	officer: EVP-Regional Bkg & Bkg COO	165 MADISON AVENUE, MEMPHIS TN 38103
Tammy Locascio	officer: Sr. EVP, Chief HR Officer	165 MADISON AVE, MEMPHIS TN 38103
Daryl G Byrd	director, officer: Executive Chairman of Board	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Anthony J Restel	officer: SEVP Chief Operating Officer	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Hope Dmuchowski	officer: Sr. EVP & CFO	165 MADISON AVE, MEMPHIS TN 38103
Losch William C Iii	officer: EVP and CFO	165 MADISON AVENUE, MEMPHIS TN 38103
Elizabeth A Ardoin	officer: SEVP, Chief Communications Ofc	200 WEST CONGRESS STREET, LAFAYETTE LA 70501