Advance Historical Cash Flow
| AAP Stock | USD 48.88 0.12 0.24% |
Analysis of Advance Auto cash flow over time is an excellent tool to project Advance Auto Parts 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 Free Cash Flow of 49.1 M or Other Non Cash Items of 3.5 M as it is a great indicator of Advance Auto ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Advance Auto Parts 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 Advance Auto Parts is a good buy for the upcoming year.
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About Advance Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Advance 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 Advance's non-liquid assets can be easily converted into cash.
Advance Auto 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 Advance Auto's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Advance Auto Parts 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 Advance Auto Parts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Advance Auto's Exchange Rate Changes is relatively stable compared to the past year.
| 2022 | 2023 | 2024 | 2025 (projected) | Begin Period Cash Flow | 601.4M | 270.8M | 311.4M | 276.3M | End Period Cash Flow | 269.3M | 503.5M | 579.0M | 291.1M |
Advance Auto cash flow statement Correlations
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Advance Auto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advance Auto cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | 416.3M | (233.6M) | (332.1M) | 232.7M | 209.4M | 219.9M | |
| Free Cash Flow | 701.9M | 822.6M | 296.3M | 45.0M | 51.7M | 49.1M | |
| Other Cashflows From Financing Activities | 1.3B | (53K) | 2.4B | (1.5M) | (1.7M) | (1.6M) | |
| Other Non Cash Items | 54.2M | 964K | 13.6M | 4.1M | 3.7M | 3.5M | |
| Capital Expenditures | 267.8M | 289.6M | 426.0M | 242.4M | 278.8M | 224.9M | |
| Total Cash From Operating Activities | 969.7M | 1.1B | 722.2M | 287.4M | 330.5M | 564.2M | |
| Net Income | 493.0M | 616.1M | 501.9M | 29.7M | 34.2M | 32.5M | |
| Total Cash From Financing Activities | (286.0M) | (1.1B) | (620.7M) | 189.3M | 170.3M | 178.9M | |
| End Period Cash Flow | 835.0M | 601.4M | 269.3M | 503.5M | 579.0M | 291.1M | |
| Begin Period Cash Flow | 418.7M | 835.0M | 601.4M | 270.8M | 311.4M | 276.3M | |
| Change To Inventory | (101.4M) | (120.3M) | (272.3M) | 44.8M | 40.3M | 42.4M | |
| Change In Working Capital | 119.0M | 104.0M | (134.3M) | (50.8M) | (45.7M) | (43.4M) | |
| Depreciation | 250.1M | 259.9M | 283.8M | 306.5M | 352.4M | 210.1M | |
| Change To Account Receivables | 19.5M | 77.3M | 81.3M | (114.7M) | (103.2M) | (98.0M) | |
| Change To Liabilities | 173.5M | 295.0M | 391.0M | 212.6M | 244.5M | 180.7M | |
| Sale Purchase Of Stock | (469.7M) | (906.2M) | (618.5M) | (14.5M) | (13.1M) | (13.7M) | |
| Stock Based Compensation | 45.3M | 63.1M | 51.0M | 45.6M | 52.5M | 27.1M | |
| Dividends Paid | 56.3M | 160.9M | 336.2M | 209.3M | 240.7M | 252.7M | |
| Other Cashflows From Investing Activities | 679K | 2.3M | 1.5M | 6.9M | 8.0M | 8.4M | |
| Change Receivables | (21.5M) | (62.8M) | (59.0M) | (32.7M) | (37.5M) | (39.4M) | |
| Net Borrowings | 32.0M | (369.4M) | 244.5M | 332.5M | 382.4M | 401.5M | |
| Total Cashflows From Investing Activities | (462.9M) | (266.9M) | (287.3M) | (424.4M) | (488.1M) | (512.5M) | |
| Cash And Cash Equivalents Changes | 349.6M | (477.9M) | 416.8M | (239.2M) | (275.0M) | (261.3M) | |
| Cash Flows Other Operating | (64.7M) | 14.4M | (15.6M) | (134.1M) | (120.7M) | (114.7M) | |
| Change To Netincome | 79.7M | 107.6M | 132.2M | 70.9M | 81.5M | 60.7M | |
| Change To Operating Activities | (57.9M) | 62.9M | (24.2M) | (155.9M) | (140.3M) | (133.3M) | |
| Investments | (266.9M) | (287.3M) | (424.4M) | (277.8M) | (250.0M) | (262.5M) |
Pair Trading with Advance Auto
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 Advance Auto 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 Advance Auto will appreciate offsetting losses from the drop in the long position's value.Moving together with Advance Stock
Moving against Advance Stock
| 0.78 | FL | Foot Locker | PairCorr |
| 0.78 | CAL | Continental | PairCorr |
| 0.78 | GES | Guess Inc | PairCorr |
| 0.75 | LE | Lands End | PairCorr |
| 0.75 | DLTH | Duluth Holdings | PairCorr |
The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto 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 Advance Auto - 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 Advance Auto Parts to buy it.
The correlation of Advance Auto 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 Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts 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 Advance Auto 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.Additional Tools for Advance Stock Analysis
When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.