What is Lend Lease Group 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. 2023, Lend Lease GroupspentNZ$16 Mil on purchasing property, plant, equipment.
It gainedNZ$0 Mil from selling property, plant, and equipment.
It spentNZ$0 Mil on purchasing business.
It gainedNZ$0 Mil from selling business.
It spentNZ$683 Mil on purchasing investments.
It gainedNZ$111 Mil from selling investments.
It paidNZ$25Mil for net Intangibles purchase and sale.
And it paidNZ$37 Mil for other investing activities.
In all, Lend Lease GroupspentNZ$650 Mil on investment activities in financial market and operating subsidiaries for the
six
months ended in Dec. 2023.
Lend Lease Group Cash Flow from Investing Historical Data
The historical data trend for Lend Lease Group's Cash Flow from Investing can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lend Lease Group Cash Flow from Investing Calculation
Cash Flow from Investing covers the cash a company gains or spends from investment activities in financial market and operating subsidiaries. It also includes the cash the company used for property, plant and equipment (PPE).
If a company spends cash on property, plant and equipment (PPE), this will reduce their cash position. This is called Capital Expenditures (CPEX).
Likewise, if a company buys another company for cash, this will reduce their cash position.
Lend Lease Group's Cash Flow from Investing for the fiscal year that ended in Jun. 2023 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-687 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.
Lend Lease Group (NZSE:LLC) Cash Flow from Investing Explanation
Lend Lease Group's purchase of property, plant, equipment for the
six
months ended in Dec. 2023 was NZ$-16 Mil. It means Lend Lease Group spent NZ$16 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)."
Lend Lease Group's sale of property, plant, equipment for the
six
months ended in Dec. 2023 was NZ$0 Mil. It means Lend Lease Group gained NZ$0 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Lend Lease Group's purchase of business for the
six
months ended in Dec. 2023 was NZ$0 Mil. It means Lend Lease Group spent NZ$0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Lend Lease Group's sale of business for the
six
months ended in Dec. 2023 was NZ$0 Mil. It means Lend Lease Group gained NZ$0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Lend Lease Group's purchase of investment for the
six
months ended in Dec. 2023 was NZ$-683 Mil. It means Lend Lease Group spent {stock_data.stock.currency_symbol}}683 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Lend Lease Group's sale of investment for the
six
months ended in Dec. 2023 was NZ$111 Mil. It means Lend Lease Group gained NZ$111 Mil from selling investments.
7. Net Intangibles Purchase And Sale:
Net Intangibles purchase and sale means the net cash inflow received by a company that comes from the purchase and sale of intangibles. It equals the cash received from sale of intangibles minus the cash spent on purchasing intangibles.
Lend Lease Group's net Intangibles purchase and sale for the
six
months ended in Dec. 2023 was NZ$-25 Mil.
It means Lend Lease Group paid NZ$25 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.
Lend Lease Group's cash from discontinued investing activities for the
six
months ended in Dec. 2023 was 0 Mil.
It means Lend Lease Group paid NZ$0 Mil for discontinued investing activities.
9. Cash From Other Investing Activities:
Cash from other investing activities means the cash received by a company that comes from other investing activities.
Lend Lease Group's cash from other investing activities for the
six
months ended in Dec. 2023 was NZ$-37 Mil.
It means Lend Lease Group paid NZ$37 Mil for other investing activities.
Lend Lease Group Cash Flow from Investing Related Terms
Thank you for viewing the detailed overview of Lend Lease 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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