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Bank of America Corporation (NYSE:BAC)
Cash Flow from Operations
$47,722 Mil (TTM As of Jun. 2014)

Cash flow from operations refers to the cash brought in through a company’'s normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.

For the three months ended in Jun. 2014, Bank of America Corporation's Net Income From Continuing Operations was $2,291 Mil. Its DDA was $626 Mil. Its Change In Working Capital was $-2,686 Mil. Its cash flow from deferred tax was $1,052 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $3,495 Mil. In all, Bank of America Corporation's Cash Flow from Operations for the three months ended in Jun. 2014 was $4,778 Mil.


Definition

Cash flow from operations refers to the cash brought in through a company’'s normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.

Bank of America Corporation's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Bank of America Corporation's Cash Flow from Operations for the quarter that ended in Jun. 2014 is

Bank of America Corporation Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 8227 (Sep. 2013 ) + 11994 (Dec. 2013 ) + 22723 (Mar. 2014 ) + 4778 (Jun. 2014 ) = $47,722 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Cash flow from operations contains six items:

1. Net Income From Continuing Operations:
Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Bank of America Corporation's net income from continuing operations for the three months ended in Jun. 2014 was $2,291 Mil.

2. Depreciation, Depletion and Amortization:
Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.
Depletion and amortization are synonyms for depreciation.
Generally:
• The term “depreciation” is used when discussing man made tangible assets
• The term “depletion” is used when discussing natural tangible assets
• The term “amortization” is used when discussing intangible assets

Bank of America Corporation's depreciation, depletion and amortization for the three months ended in Jun. 2014 was $626 Mil.

3. Change In Working Capital:
Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities. Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow.

Bank of America Corporation's change in working capital for the three months ended in Jun. 2014 was $-2,686 Mil. It means Bank of America Corporation's working capital declined by $2,686 Mil from Mar. 2014 to Jun. 2014 .

4. Deferred Tax:
It is the cash flow generated from deferred tax.

Bank of America Corporation's cash flow from deferred tax for the three months ended in Jun. 2014 was $1,052 Mil.

5. Cash Flow from Discontinued Operations:
Cash received by a company that comes from the sale of part of business.

Bank of America Corporation's cash flow from discontinued operations for the three months ended in Jun. 2014 was $0 Mil.

6. Cash Flow from Others:
These are cash differences caused by the change of inventory, accounts payable, accounts receivable etc. For instance, if a company pays its suppliers slower, its cash position will build up faster. If a company receives payments from its customers slower, its account receivables will rise, and its cash position will grow more slowly (or even shrink).

Bank of America Corporation's cash flow from others for the three months ended in Jun. 2014 was $3,495 Mil.


Related Terms

Net Income From Continuing Operations, Depreciation, Depletion and Amortization, Change In Working Capital, Cash Flow from Discontinued Operations, Cash Flow from Others, Cash Flow from Investing


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of America Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 14,14316,46521,13314,9824,0086,276-2,2381,4464,18811,431
CF_DDA 1,6361,7682,8692,8443,3194,3143,9123,4853,0382,683
ChangeInWorkingCapital -20,525-27,220-16,423-19,773-32,24974,92440,05748,288-29,96356,105
CF_DeferredTax -4021,6951,850-753-5,801370608-1,949-2,7353,262
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 1,193-4,9315,08013,73634,75743,84740,25513,22011,61419,336
Cash Flow from Operations -3,955-12,22314,50911,0364,034129,73182,59464,490-13,85892,817

Bank of America Corporation Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
NetIncomeFromContinuingOperations 6532,4633407321,4834,0122,4973,439-2762,291
CF_DDA 787763752736687676658662629626
ChangeInWorkingCapital -26,19917,8249,363-30,95119,14238,835-2,81894623,998-2,686
CF_DeferredTax -195354672-3,566-1461,0301,926452-7321,052
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 9,351-3,048-1,8297,1405,3021,5755,9646,495-8963,495
Cash Flow from Operations -15,60318,3569,298-25,90926,46846,1288,22711,99422,7234,778
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