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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 Nov. 2023, NXG Cushing Midstream Energy Fund spent $0.00 Mil on purchasing property, plant, equipment. It gained $0.00 Mil from selling property, plant, and equipment. It spent $0.00 Mil on purchasing business. It gained $0.00 Mil from selling business. It spent $0.00 Mil on purchasing investments. It gained $0.00 Mil from selling investments. It paid $0.00Mil for net Intangibles purchase and sale. And it paid $0.00 Mil for other investing activities. In all, NXG Cushing Midstream Energy Fund gained $0.00 Mil on investment activities in financial market and operating subsidiaries for the six months ended in Nov. 2023.
The historical data trend for NXG Cushing Midstream Energy Fund'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.
NXG Cushing Midstream Energy Fund Annual Data | ||||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
Cash Flow from Investing | Get a 7-Day Free Trial | - | - | - | - | - |
NXG Cushing Midstream Energy Fund Semi-Annual Data | |||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | |
Cash Flow from Investing | Get a 7-Day Free Trial | - | - | - | - | - |
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.
NXG Cushing Midstream Energy Fund's Cash Flow from Investing for the fiscal year that ended in Nov. 2023 is calculated as:
NXG Cushing Midstream Energy Fund's Cash Flow from Investing for the quarter that ended in Nov. 2023 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 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.
NXG Cushing Midstream Energy Fund (NYSE:SRV) 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.
NXG Cushing Midstream Energy Fund's purchase of property, plant, equipment for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund spent $0.00 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.
NXG Cushing Midstream Energy Fund's sale of property, plant, equipment for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund gained $0.00 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
NXG Cushing Midstream Energy Fund's purchase of business for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund spent $0.00 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
NXG Cushing Midstream Energy Fund's sale of business for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund gained $0.00 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
NXG Cushing Midstream Energy Fund's purchase of investment for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund spent {stock_data.stock.currency_symbol}}0.00 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
NXG Cushing Midstream Energy Fund's sale of investment for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund gained $0.00 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.
NXG Cushing Midstream Energy Fund's net Intangibles purchase and sale for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund paid $0.00 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.
NXG Cushing Midstream Energy Fund's cash from discontinued investing activities for the six months ended in Nov. 2023 was 0.00 Mil. It means NXG Cushing Midstream Energy Fund paid $0.00 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.
NXG Cushing Midstream Energy Fund's cash from other investing activities for the six months ended in Nov. 2023 was $0.00 Mil. It means NXG Cushing Midstream Energy Fund paid $0.00 Mil for other investing activities.
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Todd Sunderland | other: Adviser COO | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Jeffrey A Engelsman | officer: Chief Compliance Officer | 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017 |
John Alban | officer: CFO/Treasurer and Interim CCO | THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mark Rhodes | officer: President | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
John M. Musgrave | other: Portfolio Manager | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Blake Nelson | officer: Chief Financial Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Brian R Bruce | director | 5945 GLENDOWER LANE, PLANO TX 75093 |
Andrea Mullins | director | 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mathew Calabro | officer: Chief Compliance Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Saket Kumar | other: Adviser Managing Partner | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Brenda A Cline | other: Trustee | 5101 TENNYSON PARKWAY, PLANO TX 75024 |
Jerry V Swank | officer: President and CEO | 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
Daniel L Spears | other: Partner | C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206 |
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