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Kohl's Corp (NYSE:KSS)
Cash Flow from Operations
$1,501 Mil (TTM As of Oct. 2015)

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 Oct. 2015, Kohl's Corp's Net Income From Continuing Operations was $120 Mil. Its DDA was $236 Mil. Its Change In Working Capital was $-339 Mil. Its cash flow from deferred tax was $-19 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $12 Mil. And its Cash Flow from Others was $44 Mil. In all, Kohl's Corp's Cash Flow from Operations for the three months ended in Oct. 2015 was $54 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. 2015 is calculated as:

Kohl's Corp's Cash Flow from Operations for the quarter that ended in Oct. 2015 is

Kohl's Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2015 was 1094 (Jan. 2015 ) + 102 (Apr. 2015 ) + 251 (Jul. 2015 ) + 54 (Oct. 2015 ) = $1,501 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.

Kohl's Corp's net income from continuing operations for the three months ended in Oct. 2015 was $120 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 Oct. 2015 was $236 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 Oct. 2015 was $-339 Mil. It means Kohl's Corp's working capital declined by $339 Mil from Jul. 2015 to Oct. 2015 .

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 Oct. 2015 was $-19 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 Oct. 2015 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 Oct. 2015 was $12 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 Oct. 2015 was $44 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 own currency.

Kohl's Corp Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
NetIncomeFromContinuingOperations 8421,1091,0848859911,1201,167986889867
CF_DDA 340389453543688750778833889886
ChangeInWorkingCapital -3471,572-37284483-258-44-55022149
CF_DeferredTax 199-12844039144-79-1146
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 00055646657505548
Cash Flow from Others 54428247203337254028
Cash Flow from Operations 9083,1201,2351,6982,2861,7502,1391,2651,8842,024

Kohl's Corp Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
NetIncomeFromContinuingOperations 231177334125232141369127130120
CF_DDA 225226224216222227221227232236
ChangeInWorkingCapital -24-187295-181100-170400-244-216-339
CF_DeferredTax 111-105-22-2083-23-42-19
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 18141411131410141012
Cash Flow from Others 6111336811113744
Cash Flow from Operations 4572528701795512001,09410225154
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