Aurora Historical Cash Flow
| ACB Stock | CAD 6.15 0.27 4.59% |
Analysis of Aurora Cannabis cash flow over time is an excellent tool to project Aurora Cannabis future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as End Period Cash Flow of 113.9 M or Begin Period Cash Flow of 246.7 M as it is a great indicator of Aurora Cannabis ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Aurora Cannabis latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Aurora Cannabis is a good buy for the upcoming year.
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About Aurora Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Aurora balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Aurora's non-liquid assets can be easily converted into cash.
Aurora Cannabis Cash Flow Chart
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Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Aurora Cannabis' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Aurora Cannabis current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.At this time, Aurora Cannabis' Change To Liabilities is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Begin Period Cash Flow | 421.5M | 440.9M | 234.9M | 246.7M | End Period Cash Flow | 437.8M | 300.8M | 113.4M | 113.9M |
Aurora Cannabis cash flow statement Correlations
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Aurora Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurora Cannabis cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (10.5M) | 259.3M | 16.4M | (140.0M) | (121.5M) | (115.4M) | |
| Free Cash Flow | (693.0M) | (263.7M) | (142.1M) | (125.1M) | (85.5M) | (89.7M) | |
| Change In Working Capital | 7.6M | 397K | 50.0M | (24.8M) | (15.6M) | (14.8M) | |
| Other Cashflows From Financing Activities | 132.3M | (21.2M) | (31.6M) | (123K) | (89K) | (84.6K) | |
| Capital Expenditures | 355.0M | 53.1M | 32.2M | 9.3M | 17.0M | 16.1M | |
| Total Cash From Operating Activities | (338.0M) | (210.6M) | (109.8M) | (115.8M) | (68.5M) | (71.9M) | |
| Net Income | (3.3B) | (693.5M) | (1.7B) | (234.6M) | (59.0M) | (62.0M) | |
| Total Cash From Financing Activities | 582.6M | 522.0M | 147.8M | (56.5M) | (47.9M) | (45.5M) | |
| End Period Cash Flow | 162.2M | 421.5M | 437.8M | 300.8M | 113.4M | 113.9M | |
| Begin Period Cash Flow | 172.7M | 162.2M | 421.5M | 440.9M | 234.9M | 246.7M | |
| Depreciation | 114.9M | 98.1M | 93.7M | 42.2M | 33.1M | 31.3M | |
| Other Non Cash Items | 2.9B | 370.6M | 1.5B | 159.7M | (70.8M) | (67.3M) | |
| Stock Based Compensation | 59.2M | 20.2M | 13.8M | 16.9M | 12.7M | 19.0M | |
| Sale Purchase Of Stock | 575.5M | 666.0M | 350.2M | 73.2M | 84.2M | 80.0M | |
| Change To Inventory | (29.4M) | 8.5M | 21.1M | 49.5M | 3.6M | 3.8M | |
| Investments | (249.5M) | 18.1M | (36.6M) | (54.7M) | (5.5M) | (5.8M) | |
| Net Borrowings | 583.7M | (38.8M) | (122.9M) | (170.8M) | (153.7M) | (146.1M) | |
| Total Cashflows From Investing Activities | (249.5M) | (26.9M) | (36.6M) | (27.3M) | (24.6M) | (25.8M) | |
| Change To Account Receivables | 55.5M | 7.4M | 18.8M | 3.0M | (4.3M) | (4.1M) | |
| Change To Operating Activities | (11.0M) | (2.5M) | 12.6M | 6.5M | 7.4M | 7.8M | |
| Other Cashflows From Investing Activities | (9.3M) | (4.7M) | (185K) | (15.2M) | (13.6M) | (13.0M) | |
| Change To Netincome | 50.3M | 2.8B | 384.6M | 1.5B | 1.7B | 1.8B | |
| Change To Liabilities | 99.0M | (19.3M) | (28.1M) | 3.3M | 3.0M | 5.5M | |
| Issuance Of Capital Stock | 575.5M | 666.0M | 350.2M | 417.7M | 37.9M | 36.0M |
Pair Trading with Aurora Cannabis
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aurora Cannabis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving against Aurora Stock
| 0.9 | ERE-UN | European Residential Real | PairCorr |
| 0.84 | FFH | Fairfax Financial | PairCorr |
| 0.84 | Y | Yellow Pages Limited | PairCorr |
| 0.83 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.82 | NICU | Magna Mining | PairCorr |
The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aurora Cannabis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aurora Cannabis to buy it.
The correlation of Aurora Cannabis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aurora Cannabis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..