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
three
months ended in Mar. 2024, Japan Tobaccospent円26,491 Mil on purchasing property, plant, equipment.
It gained円0 Mil from selling property, plant, and equipment.
It spent円0 Mil on purchasing business.
It gained円0 Mil from selling business.
It spent円10,171 Mil on purchasing investments.
It gained円9,646 Mil from selling investments.
It paid円2,362Mil for net Intangibles purchase and sale.
And it received円1,704 Mil from other investing activities.
In all, Japan Tobaccospent円27,674 Mil on investment activities in financial market and operating subsidiaries for the
three
months ended in Mar. 2024.
Japan Tobacco Cash Flow from Investing Historical Data
The historical data trend for Japan Tobacco'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.
Japan Tobacco 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.
Japan Tobacco's Cash Flow from Investing for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-112,096 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.
Japan Tobacco (TSE:2914) Cash Flow from Investing Explanation
Japan Tobacco's purchase of property, plant, equipment for the
three
months ended in Mar. 2024 was 円-26,491 Mil. It means Japan Tobacco spent 円26,491 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)."
Japan Tobacco's sale of property, plant, equipment for the
three
months ended in Mar. 2024 was 円0 Mil. It means Japan Tobacco gained 円0 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Japan Tobacco's purchase of business for the
three
months ended in Mar. 2024 was 円0 Mil. It means Japan Tobacco spent 円0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Japan Tobacco's sale of business for the
three
months ended in Mar. 2024 was 円0 Mil. It means Japan Tobacco gained 円0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Japan Tobacco's purchase of investment for the
three
months ended in Mar. 2024 was 円-10,171 Mil. It means Japan Tobacco spent {stock_data.stock.currency_symbol}}10,171 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Japan Tobacco's sale of investment for the
three
months ended in Mar. 2024 was 円9,646 Mil. It means Japan Tobacco gained 円9,646 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.
Japan Tobacco's net Intangibles purchase and sale for the
three
months ended in Mar. 2024 was 円-2,362 Mil.
It means Japan Tobacco paid 円2,362 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.
Japan Tobacco's cash from discontinued investing activities for the
three
months ended in Mar. 2024 was 0 Mil.
It means Japan Tobacco paid 円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.
Japan Tobacco's cash from other investing activities for the
three
months ended in Mar. 2024 was 円1,704 Mil.
It means Japan Tobacco received 円1,704 Mil from other investing activities.
Japan Tobacco Cash Flow from Investing Related Terms
Thank you for viewing the detailed overview of Japan Tobacco's Cash Flow from Investing provided by GuruFocus.com. Please click on the following links to see related term pages.
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.
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