AltaGas Historical Cash Flow
| ALA Stock | CAD 38.52 0.01 0.03% |
Analysis of AltaGas cash flow over time is an excellent tool to project AltaGas 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 Change In Working Capital of 451.5 M or Depreciation of 498.8 M as it is a great indicator of AltaGas ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining AltaGas 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 AltaGas is a good buy for the upcoming year.
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About AltaGas Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in AltaGas 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 AltaGas's non-liquid assets can be easily converted into cash.
AltaGas Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by AltaGas to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of AltaGas operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.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.Most accounts from AltaGas' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into AltaGas 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 AltaGas. 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. At this time, AltaGas' Net Income is very stable compared to the past year. Sale Purchase Of Stock is expected to grow at the current pace this year, though Other Cashflows From Financing Activities is likely to grow to (336.9 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Begin Period Cash Flow | 84M | 64M | 104M | 83.0M | End Period Cash Flow | 64M | 104M | 92M | 82.6M |
AltaGas cash flow statement Correlations
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AltaGas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AltaGas cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Free Cash Flow | (70M) | (76M) | (419M) | 178M | 149M | 156.5M | |
| Change In Working Capital | (203M) | (410M) | (650M) | 100M | 430M | 451.5M | |
| Other Cashflows From Financing Activities | (221M) | (17M) | (1.1B) | (394M) | (354.6M) | (336.9M) | |
| Depreciation | 414M | 422M | 439M | 441M | 475M | 498.8M | |
| Other Non Cash Items | (142M) | 332M | 54M | (274M) | 25M | 39.6M | |
| Capital Expenditures | 843M | 814M | 958M | 943M | 1.4B | 1.5B | |
| Total Cash From Operating Activities | 773M | 738M | 539M | 1.1B | 1.5B | 1.6B | |
| Net Income | 572M | 340M | 573M | 673M | 596M | 625.8M | |
| Total Cash From Financing Activities | 392M | (245M) | 435M | (882M) | (175M) | (166.3M) | |
| Sale Purchase Of Stock | 4.6B | (37.6M) | (200M) | (14M) | (574M) | 0.0 | |
| Change To Inventory | 32M | (232M) | (324M) | 242M | 165M | 173.3M | |
| Dividends Paid | 334M | 356M | 338M | 343M | (371M) | (352.5M) | |
| Change In Cash | (48M) | 10M | (20M) | 40M | (12M) | (11.4M) | |
| End Period Cash Flow | 74M | 84M | 64M | 104M | 92M | 82.6M | |
| Begin Period Cash Flow | 122M | 74M | 84M | 64M | 104M | 83.0M | |
| Stock Based Compensation | 3.5M | 6M | 7M | 3M | 1M | 0.0 | |
| Change To Account Receivables | 21M | (206M) | (691M) | 271M | 201M | 211.1M | |
| Investments | (1.2B) | (8M) | (997M) | (199M) | (1.4B) | (1.3B) | |
| Net Borrowings | (2.6B) | 940M | 128M | 1.3B | 1.6B | 1.6B | |
| Total Cashflows From Investing Activities | 2.2B | (1.2B) | (483M) | (997M) | (1.1B) | (1.2B) | |
| Change To Operating Activities | (118M) | (215M) | (64M) | (12M) | (10.8M) | (11.3M) | |
| Change To Netincome | (444M) | (7M) | 419M | 201M | 231.2M | 128.6M | |
| Change To Liabilities | (280M) | (41M) | 92M | 377M | 433.6M | 455.2M |
Pair Trading with AltaGas
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 AltaGas 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 AltaGas will appreciate offsetting losses from the drop in the long position's value.Moving together with AltaGas Stock
Moving against AltaGas Stock
The ability to find closely correlated positions to AltaGas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AltaGas 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 AltaGas - 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 AltaGas to buy it.
The correlation of AltaGas 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 AltaGas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AltaGas 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 AltaGas 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.Other Information on Investing in AltaGas Stock
The Cash Flow Statement is a financial statement that shows how changes in AltaGas 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 AltaGas's non-liquid assets can be easily converted into cash.