First Citizens Cash Flow - Annual (OTCMKTS:FCBN)

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$922.25 $4.25 (0.46%) FCBN stock closing price Sep 30, 2014 (Closing)

The First Citizens cash flow statement is one of the three reports that the company generates every quarter. While its important to look at the First Citizens debt position, the cash flow statement becomes equally important because public companies use accrual accounting. For example, if a company sells a product which gets counted as First Citizens revenue but does not convert to cash because it does not receive payment in the same quarter, it affects the cash position for that period. First Citizens stock analysis shows positive net income cash flow of $101.02M for 2009. This statement is important because profits alone cannot pay employees, or bills. Cash is required.   The cash from operating activities for First Citizens is $93.79M for 2009, which saw an increase of 1.05% from previous year. View details of First Citizens cash flows for latest & last ten financial years.

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Fiscal year is Jan - Dec. 2009 2008 2006
First Citizens Net Income Cash Flow
Depreciation Depletion Amortization Cash-Flow34.31M31.39M25.27M
Net Increase (Decrease) in Assets Liabilities-23.81M-5.03M2.55M
Cash From (used in) Discontinued Operations---
Other Adjustments Net-17.72M21.81M-20.8M
First Citizens Net Cash from (used by) Operating Activities
Increase (Decrease) in Prop Plant And Equipment-9.86M-19.67M-29.78M
Acquisition Disposition of Subsidiaires--53.92M22.5M
Increase (Decrease) in Investments-36.11M9.27M-246.95M
Other Cash Inflow (Outflow) from Investment Activities373.34M-320.9M3.42M
First Citizens Net Cash from (used by) Invesment Activities
Issuance (Purchase) of Equity Shares-0.21M-1.2M-33.39M
Issuance (Repayment) of Debt Securities-1.04M-11.39M-16.37M
Increase (Decrease) in Bank & Other Borrowings-107.93M62.81M46.66M
Payment of Dividends & Other Cash Distributions-1.35M-1.35M-1.36M
Other Cash from (used by) Financing Activities
First Citizens Net Cash from (used by) Financing Activities
Effect of Exchange Rate Changes on Cash---
First Citizens Net Change in Cash & Cash Equivalents
Cash & Equivalents at Beginning of Year350.76M425.29M388.93M
Cash & Equivalents at Year End711.85M350.76M506.34M
All figures in USD. M: Millions of USD, B: Billions of USD.
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The statement of cash flows comprises of cash flow from financing, cash flow from operations and cash flow from investing activities. All the three can have an impact on the stock price. The First Citizens stock price history and First Citizens stock comparison chart inevitably reflect its cash flow situation.
  • First Citizens saw an increase in Net Change in Cash and Cash Equivalents from $-74.53M in 2008 to $361.09M in 2009. Apart from the First Citizens stock price, this is one of the things an investor looks for, as it shows the net change in cash on hand for a company, compared to previous period.
  • Cash Flow from operating activities: First Citizens reported a positive operating cash flow of $93.79M for 2009 and has seen an increase from the previous year. Operating cash flow or working capital comes from main business activities. Investors look for positive cash flow from recurring operating activities.
  • Cash Flow from investment activities: First Citizens generated $712.59M cash due to investment activities. It includes the use of cash outside of normal day to day activities like buying fixed assets, plant and machinery etc.
  • Cash Flow from financing activities: The cash inflow/outflow from financing activities was $-60.06M for First Citizens. The money accounted for under this head comes from external sources which includes lenders, investors and shareholders. Positive cash flow is generated when the company gets cash because of issuance of stocks or bonds. Similarly negative cash flow is generated when shares are repurchased, dividend payments are made, and loans or interest on loans are paid back.