This last quarter was most interesting for while cash flow from operation dropped a bit, cash flow from investments more than made up the difference. However, cash flow from other financing also dropped a bit but not enough to take the industry into the red. Thus, the industry finished the quarter with positive cash flow of almost $1 billion – the first positive quarter since the second quarter of 2011. The makings of a tighter market continue, but VERY slowly.
Cash Flow Slides 9-14-12 for Blog
- Jerry Sullivan