Financial Statements

AllianceBernstein Holding L.P. (AB)

$34.74

-0.01 (-0.03%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Operating Cash Flow 293,975362,614355,109270,014222,755
Net Income 264,184274,165385,843279,380238,563
Depreciation & Amortization 36,81766,61734,36427,35515,029
Deferred income taxes -217,2685,072-250,789-222,997-223,211
Stock-based compensation 180,451199,390216,425195,642208,182
Change in working capital -328-5173561191,021
Other non-cash items 30,119-182,113-31,090-9,485-16,829
Investing Cash Flow -33,627-1,768-3,402-147-11,511
Investments in PPE -33,627-62,308-61,931-41,504-28,303
Acquisitions --1,768-3,402-147-11,511
Investment purchases --1,768-3,402-4,079-11,511
Sales/Maturities of investments -1,7683,402-11,511
Other Investing Activites -64,07665,33345,58339,814
Financing Cash Flow -293,975-360,846-351,707-269,867-211,244
Debt repayment --151,843---11,241
Dividends payments -296,139-361,024-357,455-270,881-222,485
Common Stock Repurchased --178---270
Common Stock Issuance 2,1641785,7481,01411,511
Other Financing Activites -152,021--11,241
Accounts payables -6,992-8,42435,87710,666-56,518
Other working capital 6,6647,907-35,521-10,54757,539
Cash at beginning of period 1,309,0171,376,0261,073,906--
Cash at end of period 1,160,8891,309,0171,376,026--
Capital Expenditure -33,627-62,308-61,931-41,504-28,303
Effect of forex changes on cash 22,527-56,234-17,982--
Net cash flow / Change in cash -148,128-67,009302,120--
Free Cash Flow 260,348300,306293,178228,510194,452

AllianceBernstein Holding L.P. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes AllianceBernstein Holding L.P. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.