Switch to:
GuruFocus has detected 5 Warning Signs with Comcast Corp $CMCSK.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Comcast Corp (NAS:CMCSK)
Cash Flow from Operations
$19,240 Mil (TTM As of Dec. 2016)

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 Dec. 2016, Comcast Corp's Net Income From Continuing Operations was $2,417 Mil. Its DDA was $2,496 Mil. Its Change In Working Capital was $111 Mil. Its cash flow from deferred tax was $459 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $145 Mil. And its Cash Flow from Others was $115 Mil. In all, Comcast Corp's Cash Flow from Operations for the three months ended in Dec. 2016 was $5,743 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.

Comcast Corp's Cash Flow from Operations for the fiscal year that ended in Dec. 2016 is calculated as:

Comcast Corp's Cash Flow from Operations for the quarter that ended in Dec. 2016 is

Comcast Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2016 was 5110 (Mar. 2016 ) + 4273 (Jun. 2016 ) + 4114 (Sep. 2016 ) + 5743 (Dec. 2016 ) = $19,240 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Comcast Corp's net income from continuing operations for the three months ended in Dec. 2016 was $2,417 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

Comcast Corp's depreciation, depletion and amortization for the three months ended in Dec. 2016 was $2,496 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.

Comcast Corp's change in working capital for the three months ended in Dec. 2016 was $111 Mil. It means Comcast Corp's working capital increased by $111 Mil from Sep. 2016 to Dec. 2016 .

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

Comcast Corp's cash flow from deferred tax for the three months ended in Dec. 2016 was $459 Mil.

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

Comcast Corp's cash flow from discontinued operations for the three months ended in Dec. 2016 was $0 Mil.

6. Stock Based Compensation:
It is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.

Comcast Corp's stock based compensation for the three months ended in Dec. 2016 was $145 Mil.

7. 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).

Comcast Corp's cash flow from others for the three months ended in Dec. 2016 was $115 Mil.


Related Terms

Net Income From Continuing Operations, Depreciation, Depletion and Amortization, Change In Working Capital, Cash Flow from Discontinued Operations, Stock Based Compensation, 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 local exchange's currency.

Comcast Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
NetIncomeFromContinuingOperations 2,5872,5253,6283,6685,1577,8657,1358,5928,4139,045
CF_DDA 6,2086,4006,5006,6167,6367,7987,8718,0198,6809,558
ChangeInWorkingCapital -277-16-959-156-7,152314-1,485-1,535-220-1,697
CF_DeferredTax 2474958325491,058139161,1659581,444
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0258257300344371419513567640
Cash Flow from Others 27569232027,302-1,633204191380250
Cash Flow from Operations 8,79210,23110,28111,17914,34514,85414,16016,94518,77819,240

Comcast Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
NetIncomeFromContinuingOperations 2,6331,9962,1412,1752,0412,0562,2242,0802,3242,417
CF_DDA 1,9592,0902,0662,1612,1832,2702,2782,3892,3952,496
ChangeInWorkingCapital -459-4761,103-1,130432-625282-878-1,212111
CF_DeferredTax 380807-119230-44891217401367459
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 120127135159136137153178164145
Cash Flow from Others 12299-81-6231236-4410376115
Cash Flow from Operations 4,7554,6435,2453,5894,9794,9655,1104,2734,1145,743
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK