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Cenovus Energy, Inc. (NYSE:CVE)
Cash Flow from Operations
$3,377 Mil (TTM As of Dec. 2013)

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. 2013, Cenovus Energy, Inc.'s Net Income From Continuing Operations was $-53 Mil. Its DDA was $428 Mil. Its Change In Working Capital was $129 Mil. Its cash flow from deferred tax was $30 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $358 Mil. In all, Cenovus Energy, Inc.'s Cash Flow from Operations for the three months ended in Dec. 2013 was $892 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.

Cenovus Energy, Inc.'s Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Cash Flow from Operations(A: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=605.118829982+1675.50274223+-63.9853747715+223.034734918
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+795.246800731
=3,235

Cenovus Energy, Inc.'s Cash Flow from Operations for the quarter that ended in Dec. 2013 is

Cash Flow from Operations(Q: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=-53.0164533821+427.787934186+128.884826325+30.1645338208
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+358.31809872
=892

Cenovus Energy, Inc. Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 878.312070658 (Mar. 2013 ) + 796.153846154 (Jun. 2013 ) + 810.810810811 (Sep. 2013 ) + 892.138939671 (Dec. 2013 ) = $3,377 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.

Cenovus Energy, Inc.'s net income from continuing operations for the three months ended in Dec. 2013 was $-53 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

Cenovus Energy, Inc.'s depreciation, depletion and amortization for the three months ended in Dec. 2013 was $428 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.

Cenovus Energy, Inc.'s change in working capital for the three months ended in Dec. 2013 was $129 Mil. It means Cenovus Energy, Inc.'s working capital increased by $129 Mil from Sep. 2013 to Dec. 2013 .

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

Cenovus Energy, Inc.'s cash flow from deferred tax for the three months ended in Dec. 2013 was $30 Mil.

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

Cenovus Energy, Inc.'s cash flow from discontinued operations for the three months ended in Dec. 2013 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).

Cenovus Energy, Inc.'s cash flow from others for the three months ended in Dec. 2013 was $358 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.

Cenovus Energy, Inc. Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 00002,3537841,0881,4591,003605
CF_DDA 00001,3091,4631,3101,2781,5981,676
ChangeInWorkingCapital 0000-310186180-3-225-64
CF_DeferredTax 0000382-565142568478223
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 0000-1,0651,044-113-71594795
Cash Flow from Operations 00002,6692,9112,6073,2313,4483,235

Cenovus Energy, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 500766429392293-118168172357-53
CF_DDA 312378403374402412447462415428
ChangeInWorkingCapital 125100-24142-8961-75-41-89129
CF_DeferredTax 253249520111167383812730
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -287-328-16-543253423001650358
Cash Flow from Operations 9039406709551,043764878796811892
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