Workhorse Group Cash Flow - Annual (NASDAQ:WKHS)

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$1.54 $0.02 (1.32%) WKHS stock closing price Jul 13, 2018 (Closing)

The Workhorse Group cash flow statement is one of the three reports that the company generates every quarter. While its important to look at the Workhorse Group 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 Workhorse Group 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. Items like capital purchases, bank loan payments etc. which have a direct impact on the cash position of a company come out through the statemement of cash flows and help an investor who undertakes the Workhorse Group stock analysis. Workhorse Group generated $-38.66M cash from operating activities in 2017. WKHS decrease in investments stood at a value of $-0.14M for the latest year 2017.

View details of Workhorse Group cash flows for latest & last 10 financial years
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011
Net Income Cash Flow
-42.23M-19.55M-9.42M-6.6M-6.11M-4.27M-8.7M
Depreciation Depletion Amortization Cash-Flow-------
Net Increase (Decrease) in Assets Liabilities1.59M-0.73M-----
Cash From (used in) Discontinued Operations-------
Other Adjustments Net1.43M--1.58M2.55M1.23M2.01M
Net Cash from (used by) Operating Activities
-38.66M-19.03M-8.22M-4.46M-2.73M-2.2M-5.87M
Increase (Decrease) in Prop Plant And Equipment-0.14M-0.52M-0.06M-0.02M--0.02M-0.15M
Acquisition Disposition of Subsidiaires-----2.75M--
Increase (Decrease) in Investments-------
Other Cash Inflow (Outflow) from Investment Activities-------
Net Cash from (used by) Investment Activities
-0.14M-0.52M-0.06M-0.02M-2.75M-0.02M-0.15M
Issuance (Purchase) of Equity Shares37.69M14.96M3.17M4.29M4.28M-5.42M
Issuance (Repayment) of Debt Securities4.71M-2.72M12.23M--0.21M1.92M-
Increase (Decrease) in Bank & Other Borrowings-------
Payment of Dividends & Other Cash Distributions-------
Other Cash from (used by) Financing Activities----0.28M1.37M--
Net Cash from (used by) Financing Activities
42.4M12.35M15.52M4.92M5.44M2.17M5.73M
Effect of Exchange Rate Changes on Cash-------
Net Change in Cash & Cash Equivalents
3.59M-7.2M7.23M--0.03M-0.04M-0.29M
Cash & Equivalents at Beginning of Year-7.67M-----
Cash & Equivalents at Year End4.06M-7.67M----0.29M
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 Workhorse Group stock price history and Workhorse Group stock comparison chart inevitably reflect its cash flow situation.

  • Workhorse Group has cash of $4.06M on hand. A healthy amount of cash on hand is necessary for any company. Cash has an opportunity cost associated with it, and too much cash in bank may mean that the firm has no or limited growth plans. Hence its important to track the Net Change in Cash and Cash Equivalents along with the Workhorse Group stock price.
  • The cash generated from the core business or operations was a negative at $-38.66M for Workhorse Group in the latest 2017. For an internet company, this would include all those activities which are involved in eventually selling advertisement space on its website or any online service.
  • Growth companies, typically most tech companies; spend heavily on investing activities and this figure stood at $-0.14M for WKHS stock. Sometimes a company might have a negative overall cash flow which may not be really bad if it is due to investment expenses. Hence it is important to check the cash flow from investment activities.
  • Cash flow from financing activities shows the flow of cash between Workhorse Group and its owners and creditors and was $42.4M for 2017. Financing activities allow a company to raise capital, and repay bondholders.

Key Financial Ratios For Workhorse Group Cash Flow