Africa Energy Corp.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Africa Energy Corp. generated cash of -$2,133,000, which is more than the previous year. Cash used in financing activities reached the amount of $1,000,000 last year. Net change in cash is therefore -$5,086,000.
Cash Flow
| 2014 | -1.44M | -492K | -20K |
|---|---|---|---|
| 2015 | -2.27M | -360K | 8.18M |
| 2016 | -4.41M | -3.38M | 10.81M |
| 2017 | -4.02M | -3.35M | -57K |
| 2018 | -4.28M | -39.88M | 44.09M |
| 2019 | -2.75M | 2.04M | 83K |
| 2020 | -3.35M | -32.00M | 52.58M |
| 2021 | -4.03M | -5.00M | 287K |
| 2022 | -3.02M | -7.21M | 6.21M |
| 2023 | -2.13M | -3.94M | 1M |
AFE.V Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 6.79M | 10.85M | 19.64M | 2.40M | 3.00M | 3.13M | 10.17M | 7.00M | 1.60M | 3.58M |
Operating activities | ||||||||||
Net income | -119.77M | -20.77M | 21.56M | -4.26M | -4.51M | -13.08M | -4.74M | -4.19M | -3.19M | -92.34M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 9K | 14K | 32K | 32K | 16K | 20K | 59K | 65K | 23K | 0 |
Stock-based compensation expense | 2.58M | 3.02M | 1.44M | 1.14M | 1.64M | 0 | 196K | 478K | 523K | 327K |
| Deferred income tax benefit | 2.58M | 3.02M | 1.44M | 1.14M | 1.64M | 0 | 196K | 478K | 523K | 327K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | -2.13M | -3.02M | -4.03M | -3.35M | -2.75M | -4.28M | -4.02M | -4.41M | -2.27M | -1.44M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | -469K | -5.63M | -31.16M | 0 | -35.29M | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | 0 | -8.23M | -200K | -144K | -209K | -145K | -161K | -487K | -129K | -1.20M |
Acquisitions Net | -1.01M | -469K | 0 | -2.14M | 2.18M | -35.29M | -7.27M | -3.23M | 0 | 0 |
Cash generated by investing activities | -3.94M | -7.21M | -5.00M | -32.00M | 2.04M | -39.88M | -3.35M | -3.38M | -360K | -492K |
Financing activities | ||||||||||
Common Stock Issued | 0 | 1.21M | 320K | 54.57M | 97K | 45.19M | 0 | 11.16M | 8.36M | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 1M | 5M | -33K | -33K | -14K | 0 | 0 | 0 | 0 | 0 |
Cash used in financing activities | 1M | 6.21M | 287K | 52.58M | 83K | 44.09M | -57K | 10.81M | 8.18M | -20K |
Net Change In Cash | -5.08M | -4.05M | -8.79M | 17.23M | -601K | -123K | -7.04M | 3.17M | 5.39M | -1.97M |
Cash at end of period | 1.70M | 6.79M | 10.85M | 19.64M | 2.40M | 3.00M | 3.13M | 10.17M | 7.00M | 1.60M |