First of Long Island (First of Long Island) Change In Working Capital : $-5.48 Mil (TTM As of Mar. 2024)

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What is First of Long Island Change In Working Capital?

First of Long Island's change in working capital for the quarter that ended in Mar. 2024 was $-4.40 Mil.

First of Long Island's change in working capital for the fiscal year that ended in Dec. 2023 was $-3.37 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 of Long Island Change In Working Capital Historical Data

The historical data trend for First of Long Island'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.

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First of Long Island Change In Working Capital Chart

First of Long Island Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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0.88

-4.28

0.57

-6.27

-3.37

First of Long Island 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															-2.29	-3.50	-7.96	10.38	-4.40

First of Long Island Change In Working Capital Calculation

Change In Working Capital 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 $-5.48 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 of Long Island Change In Working Capital Related Terms

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First of Long Island (First of Long Island) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First of Long Island Corp (NAS:FLIC) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

275 Broadhollow Road, Melville, NY, USA, 11747

Website

https://www.fnbli.com

First of Long Island Corp is a holding company that provides financial services. It offers services of saving accounts, current accounts, and capital gain accounts. The company also provides lending services, such as commercial and residential mortgage loans, industrial loans, small business credit scored loans, and other credit facilities. In addition, the company provides account reconciliation services, ATM Banking, bill payment, cash management services, mobile banking, online banking, and payroll services to privately owned businesses, professionals, consumers, and public bodies. Revenue earned by the company mainly consists of the interest on loans and investment securities, fees on deposit accounts, and income from investment management.

Executives

Christopher J Hilton	officer: Executive Vice President	C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, PO BOX 9000, RIVERHEAD NY 11901
Tanweer Sheikh Ansari	officer: EVP, Internal Counsel	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Cooper John Abbott Root	director	215 EAST 72ND STREET, 7W, NEW YORK NY 10021
Susanne Pheffer	officer: EVP, Chief Information Officer	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Edward J. Haye	director	275 BROADHOLLOW ROAD, MELVILLE NY 11747
Paul T Canarick	director
Milbrey Rennie Taylor	director	C/O THE FIRST OF LONG ISLAND CORPORATION, 10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Teagle Walter C Iii	director
Michael J. Spolarich	officer: EVP, Chief Credit Officer	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Christopher Becker	officer: Vice President	37 COOPER LANE, EAST HAMPTON NY 11937
Janet T Verneuille	officer: Executive Vice President	PO BOX 3005, BRIDGEHAMPTON NY 11932
Alexander L Cover	director
Michael N Vittorio	director, officer: President & CEO
Jay P Mcconie	officer: Executive Vice President, CFO	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Mark D Curtis	officer: Sr. Vice President & Treasurer