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Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
For the three months ended in Dec. 2023, Crimson Wine Group's Net Income From Continuing Operations was $1.48 Mil. Its Depreciation, Depletion and Amortization was $1.91 Mil. Its Change In Working Capital was $-1.03 Mil. Its cash flow from deferred tax was $0.56 Mil. Its Cash from Discontinued Operating Activities was $0.00 Mil. Its Asset Impairment Charge was $0.23 Mil. Its Stock Based Compensation was $0.13 Mil. And its Cash Flow from Others was $-0.02 Mil. In all, Crimson Wine Group's Cash Flow from Operations for the three months ended in Dec. 2023 was $3.27 Mil.
The historical data trend for Crimson Wine Group's Cash Flow from Operations 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.
Crimson Wine Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Flow from Operations | Get a 7-Day Free Trial | 3.64 | 13.59 | 18.70 | 7.49 | 5.95 |
Crimson Wine Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Flow from Operations | Get a 7-Day Free Trial | -1.50 | -3.21 | 4.99 | 0.91 | 3.27 |
Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
Crimson Wine Group's Cash Flow from Operations for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Operations | (A: Dec. 2023 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | 3.123 | + | 7.441 | + | -7.2 | + | 1.149 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 0.92 | + | 0.5 | + | 0.02 |
= | 5.95 |
Crimson Wine Group's Cash Flow from Operations for the quarter that ended in Dec. 2023 is:
Cash Flow from Operations | (Q: Dec. 2023 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | 1.478 | + | 1.913 | + | -1.027 | + | 0.562 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 0.233 | + | 0.13 | + | -0.019 |
= | 3.27 |
Cash Flow from Operations 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 $5.95 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.
Crimson Wine Group (OTCPK:CWGL) Cash Flow from Operations Explanation
For companies reported in indirect method, cash flow from operations contains six items:
1. Net Income From Continuing Operations:
Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.
Crimson Wine Group's net income from continuing operations for the three months ended in Dec. 2023 was $1.48 Mil.
2. Depreciation, Depletion and Amortization:
Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.
Depletion and amortization are synonyms for depreciation.
Generally:
The term depreciation is used when discussing man made tangible assets
The term depletion is used when discussing natural tangible assets
The term amortization is used when discussing intangible assets
Crimson Wine Group's depreciation, depletion and amortization for the three months ended in Dec. 2023 was $1.91 Mil.
3. Change In Working Capital:
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.
Crimson Wine Group's change in working capital for the three months ended in Dec. 2023 was $-1.03 Mil. It means Crimson Wine Group's working capital declined by $1.03 Mil from Sep. 2023 to Dec. 2023 .
4. Deferred Tax:
It is the cash flow generated from deferred tax.
Crimson Wine Group's cash flow from deferred tax for the three months ended in Dec. 2023 was $0.56 Mil.
5. Cash from Discontinued Operating Activities:
Net cash from all of the entity's discontinued operating activities.
Crimson Wine Group's cash from discontinued operating Activities for the three months ended in Dec. 2023 was $0.00 Mil.
6. Asset Impairment Charge:
It is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.
Crimson Wine Group's asset impairment charge for the three months ended in Dec. 2023 was $0.23 Mil.
7. Stock Based Compensation:
It is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.
Crimson Wine Group's stock based compensation for the three months ended in Dec. 2023 was $0.13 Mil.
8. Cash Flow from Others:
These are cash differences caused by the change of inventory, accounts payable, accounts receivable etc. For instance, if a company pays its suppliers slower, its cash position will build up faster. If a company receives payments from its customers slower, its account receivables will rise, and its cash position will grow more slowly (or even shrink).
Crimson Wine Group's cash flow from others for the three months ended in Dec. 2023 was $-0.02 Mil.
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Annette D. Alvarez-peters | director | C/O CRIMSON WINE GROUP, 5901 SILVERADO TRAIL, NAPA CA 94558 |
Luanne Dupere Tierney | director | C/O CRIMSON WINE GROUP LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558 |
Kimberly A. Benson | officer: Interim CFO | C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558 |
John D. Cumming | director | C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558 |
Joseph S Steinberg | director | C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010 |
Rollins Colby A. | director | 2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558 |
Jennifer L. Locke | officer: CHIEF EXECUTIVE OFFICER | C/O CRIMSON WINE GROUP, LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558 |
Teton Holdings Corp Ccs | 10 percent owner | P. O. BOX 4902, JACKSON WY 83001 |
David Cumming | 10 percent owner | 1794 OLYMPIC PARKWAY, SUITE 201, PARK CITY UT 84098 |
Quille Nicolas Michel Eric | officer: COO | 2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558 |
Craig Williams | director | C/O CRIMSON WINE GROUP, LTD, 5901 SILVERADO TRAIL, NAPA CA 94558 |
Ian M. Cumming Charitable Lead Annuity Trust | 10 percent owner | P. O. BOX 4902, JACKSON WY 83001 |
Patrick M Delong | officer: Chief Fin. & Oper. Officer | 1222 ARROYO SARCO, NAPA CA 94558 |
Mike S. Cekay | officer: SVP of Global Sales | C/O CRIMSON WINE GROUP, LTD, 5901 SIVERADO TRAIL, NAPA CA 94558 |
Karen L. Diepholz | officer: CFO | 2700 NAPA VALLEY CORPORATE DR., STE. B, NAPA CA 94558 |
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