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Walt Disney Co (NYSE:DIS)
Cash Flow from Operations
$9,410 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, Walt Disney Co's Net Income From Continuing Operations was $2,419 Mil. Its DDA was $557 Mil. Its Change In Working Capital was $50 Mil. Its cash flow from deferred tax was $128 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $-218 Mil. In all, Walt Disney Co's Cash Flow from Operations for the three months ended in Jun. 2014 was $2,936 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.

Walt Disney Co's Cash Flow from Operations for the fiscal year that ended in Sep. 2013 is calculated as:

Walt Disney Co's Cash Flow from Operations for the quarter that ended in Jun. 2014 is

Walt Disney Co Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 2735 (Sep. 2013 ) + 1212 (Dec. 2013 ) + 2527 (Mar. 2014 ) + 2936 (Jun. 2014 ) = $9,410 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.

Walt Disney Co's net income from continuing operations for the three months ended in Jun. 2014 was $2,419 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

Walt Disney Co's depreciation, depletion and amortization for the three months ended in Jun. 2014 was $557 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.

Walt Disney Co's change in working capital for the three months ended in Jun. 2014 was $50 Mil. It means Walt Disney Co's working capital increased by $50 Mil from Mar. 2014 to Jun. 2014 .

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

Walt Disney Co's cash flow from deferred tax for the three months ended in Jun. 2014 was $128 Mil.

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

Walt Disney Co'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).

Walt Disney Co's cash flow from others for the three months ended in Jun. 2014 was $-218 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.

Walt Disney Co Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
NetIncomeFromContinuingOperations 2,3452,5333,3744,6874,7293,6094,3135,2586,1736,636
CF_DDA 1,2101,3411,4371,4911,5821,6311,7131,8411,9872,192
ChangeInWorkingCapital 264212941-36-549-456-266-1,139-1,091103
CF_DeferredTax -98-265-139-260-12832313312747292
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 923448445-461-188212685907425429
Cash Flow from Operations 4,6444,2696,0585,4215,4465,3196,5786,9947,9669,452

Walt Disney Co Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
NetIncomeFromContinuingOperations 1,2262,0361,3901,4381,6212,0341,5431,9042,0562,419
CF_DDA 488522492514550569559561580557
ChangeInWorkingCapital 280-205-900-43427932226-82915050
CF_DeferredTax 250-83319-236-11410-71-85261128
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -432615234-138-279368478-339-520-218
Cash Flow from Operations 1,8122,8851,5351,1442,1603,4132,7351,2122,5272,936
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