Cash flow is a company’s operating inflow of cash minus its outflow of cash. It’s calculated by adding net income plus non-cash charges such as depreciation, depletion and amortization. Simply put, it’s earnings without taking into account non-cash charges such as depreciation, depletion and the write-off of intangible assets over time.
Cash flow is particularly useful in valuing companies in industries in which depreciation and depletion charges are based on the historical value of assets instead of current values-industries such as oil and gas and real estate. Note though, that as with any financial ratio or number, you have to look at it in context with many other factors. That’s not to say that there won’t be surprises that affect every company in a particular industry. But well-established stocks have the asset size and the financial clout-including solid balance sheets and strong cash flow-to weather market downturns or changing industry conditions.
In summary, cash flow is in many ways a better measure of a company’s performance than earnings. While reported earnings are subject to accounting interpretation and can be restated in later years, cash flow is a measure of the cash flowing into a company right now less cash outlays.
Investors should always seek out information about cash flow when analysing a stock-but you should also keep TSI Network’s three-part Successful Investor philosophy in mind:
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This trust continues to add more residential and office space to its properties as it looks to six key Canadian markets to sustain its future growth and its high dividend.
As part of that strategy, the REIT aims to raise $1.5 billion in property sales by… Read More
This operator of senior-care facilities owns or manages more than 120 properties as well as home health-care branches.
The company enjoys steady cash flow in a growing business and recent acquisitions to expand its private-pay luxury facilities should help to offset a key risk for the… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a company that owns 22 North American power generation assets with about half deriving revenues from natural gas and the rest from hydroelectric, biomass, and coal.
As only 17 from 22 projects are… Read More
BELLATRIX EXPLORATION LTD., $0.30, symbol BXE on Toronto, produces natural gas (71% of output) and oil (29%) in Alberta, B.C. and Saskatchewan.
The company is now undertaking a major recapitalization plan to deal with its big debt. The strategy will see Bellatrix’s total outstanding debt cut… Read More
TELUS CORP., $50.02, Toronto symbol T, is Canada’s third-largest wireless carrier, after Rogers Communications (No. 1) and BCE (No. 2). It also sells landline telephone and Internet services in B.C., Alberta and eastern Quebec.
As part of Ottawa’s latest auction, the company has agreed to pay… Read More
Are blue chip stocks safe? Well, they are safer than other investments due to their sound financials, history of success, and reputation—but no investment is guaranteed
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Crude prices will likely remain volatile for all of 2019. The best way to cut your oil price risk is with integrated producers because refineries achieve higher profit margins when they pay less for the crude oil they use as raw material.
This particular integrated producer… Read More
How can you minimize the risk associated with investing? Start with our three-part Successful Investor approach, and then include stocks that meet these other criteria
How can you minimize the risks associated with investing? Lower-risk investments equate to safer investments. And for conservative investors, that means… Read More
A: Brookfield Infrastructure Partners LP, $55.27, symbol BIP.UN on Toronto (Units outstanding: 267.6 million; Market cap: $21.8 billion; www.brookfieldinfrastructure.com), owns and operates utilities, transport and energy assets in North and South America, the Asia Pacific region and Europe. These holdings include power lines, railroads, ports,… Read More
This natural gas producer saw its cash flow slip in the latest quarter as it lowered its output and exploration spending to wait on higher gas prices.
The company has also recently cut its dividend to further conserve cash. Still, its shares now yield a solid… Read More
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Information from Other Sources: For reasons such as improving personalization of our service (for example, providing better product recommendations or special offers that we think will interest you), we might receive information about you from other sources and add it to our account information. We also sometimes receive updated delivery and address information from our shippers or other sources so that we can correct our records and deliver your next purchase or communication more easily.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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TSI Network does everything possible to prevent unauthorized intrusion to its websites and the alteration, acquisition or misuse of personal information by unauthorized persons. Notably passwords submitted by users of our websites are encrypted using encryption mechanisms. However, TSI Network cautions visitors to its websites that no network, including the Internet, is entirely secure. Accordingly, we cannot be responsible for loss, corruption or unauthorized acquisition of personal information provided to our websites, or for any damages resulting from such loss, corruption or unauthorized acquisition.
How do we maintain the integrity of your personal information?
TSI Network has procedures in place to keep your personal information accurate, complete and current for the purposes for which it is collected and used. You may review the information that you have provided to us and where appropriate you may request that it be corrected. If you wish to review your personal information please send a request to: privacy@thesuccessfulinvestor.com.
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How can you ask questions about our Privacy Policy and access your personal information?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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