RE:RE:RE:RE:RE:Do we see $4.00 again soonYou are right in that it is in the financial statements, but I don't think you are looking at the right numbers. The focus should be on operating cash flows to figure out the cash generation power of the existing businesses, then adjusted for cash that is generated but doesn't belong to WELL
A = Cash flow from operations 13,400
B = transactions with non-controlling interests 5,049
Operating cash flow available to WELL shareholders = A - B = 8,351
That's the point I keep making: longs here are mis-estimating the cash flow that WELL's shareholders get, which affects the valuation.
Capharnaum wrote: brandinvestor wrote: Sorry, I put "cash flow positive" in there more so because I don't believe they are or they wouldn't need to dilute or sell shares at low evaluations to raise cash for "maybe good deals".
They continue to state they are cash flow positive but that they are not profitable which I don't understand how both can be true at the same time.
It's right there in the financial statements...
In the first quarter of 2022:
Cash at start of period 61.9M
Net loan repayment -26.3M
Net lease payments -2.1M
Transactions with non-controlling interests -5M
Deferred acquisition costs -4.7M
Acquisition of property and equipment -1.1M
Change in working capital -3.6M
Cash provided by operating activities 17M
Cash at the end of period 36.1M
As you can see, the decrease in cash during the period is mostly due to loan repayments, deferred acquisition costs, transactions with non-controlling interests and change in working capital (ie: increased accounting receivables), which was compensated by positive cash flows generated by operating activities.
To resume, the net cash inflow from businesses was 17 million.
Just like I wrote in my previous post, profit is not a measure of cash inflow or outflow, so it will always be inherently different to cash flow. The main reason that explains this is that there are accounting costs that reduce profit but don't have to be paid out.