Switch to:
GuruFocus has detected 1 Warning Sign with Kohl's Corp $KSS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Kohl's Corp (NYSE:KSS)
Cash Flow from Operations
$2,148 Mil (TTM As of Jan. 2017)

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 Jan. 2017, Kohl's Corp's Net Income From Continuing Operations was $253 Mil. Its DDA was $238 Mil. Its Change In Working Capital was $385 Mil. Its cash flow from deferred tax was $-27 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $10 Mil. And its Cash Flow from Others was $9 Mil. In all, Kohl's Corp's Cash Flow from Operations for the three months ended in Jan. 2017 was $868 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.

Kohl's Corp's Cash Flow from Operations for the fiscal year that ended in Jan. 2017 is calculated as:

Kohl's Corp's Cash Flow from Operations for the quarter that ended in Jan. 2017 is

Kohl's Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2017 was 140 (Apr. 2016 ) + 706 (Jul. 2016 ) + 434 (Oct. 2016 ) + 868 (Jan. 2017 ) = $2,148 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.

Kohl's Corp's net income from continuing operations for the three months ended in Jan. 2017 was $253 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

Kohl's Corp's depreciation, depletion and amortization for the three months ended in Jan. 2017 was $238 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.

Kohl's Corp's change in working capital for the three months ended in Jan. 2017 was $385 Mil. It means Kohl's Corp's working capital increased by $385 Mil from Oct. 2016 to Jan. 2017 .

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

Kohl's Corp's cash flow from deferred tax for the three months ended in Jan. 2017 was $-27 Mil.

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

Kohl's Corp's cash flow from discontinued operations for the three months ended in Jan. 2017 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.

Kohl's Corp's stock based compensation for the three months ended in Jan. 2017 was $10 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).

Kohl's Corp's cash flow from others for the three months ended in Jan. 2017 was $9 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.

Kohl's Corp Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
NetIncomeFromContinuingOperations 1,0848859731,1201,167986889867673556
CF_DDA 453543688750778833889886934938
ChangeInWorkingCapital -37284483-258-44-55015146-326518
CF_DeferredTax -12844039144-79-449-3813
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0556466575055484841
Cash Flow from Others 824738333725402818382
Cash Flow from Operations 1,2351,6982,2861,7502,1391,2651,8842,0241,4742,148

Kohl's Corp Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
NetIncomeFromContinuingOperations 14136912713012029617140146253
CF_DDA 227221227232236239234234232238
ChangeInWorkingCapital -170397-244-216-339473-176378-69385
CF_DeferredTax -2086-23-42-1946-18-56114-27
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 1410141012121210910
Cash Flow from Others 811113744171029
Cash Flow from Operations 2001,094102251541,067140706434868
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