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Loews Corp (NYSE:L)
Cash Flow from Operations
$2,990 Mil (TTM As of Dec. 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 Dec. 2014, Loews Corp's Net Income From Continuing Operations was $294 Mil. Its DDA was $899 Mil. Its Change In Working Capital was $348 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $-647 Mil. In all, Loews Corp's Cash Flow from Operations for the three months ended in Dec. 2014 was $894 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.

Loews Corp's Cash Flow from Operations for the fiscal year that ended in Dec. 2014 is calculated as:

Loews Corp's Cash Flow from Operations for the quarter that ended in Dec. 2014 is

Loews Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2014 was 423 (Mar. 2014 ) + 769 (Jun. 2014 ) + 904 (Sep. 2014 ) + 894 (Dec. 2014 ) = $2,990 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.

Loews Corp's net income from continuing operations for the three months ended in Dec. 2014 was $294 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

Loews Corp's depreciation, depletion and amortization for the three months ended in Dec. 2014 was $899 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.

Loews Corp's change in working capital for the three months ended in Dec. 2014 was $348 Mil. It means Loews Corp's working capital increased by $348 Mil from Sep. 2014 to Dec. 2014 .

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

Loews Corp's cash flow from deferred tax for the three months ended in Dec. 2014 was $0 Mil.

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

Loews Corp's cash flow from discontinued operations for the three months ended in Dec. 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).

Loews Corp's cash flow from others for the three months ended in Dec. 2014 was $-647 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.

Loews Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
NetIncomeFromContinuingOperations 1,2122,4912,4895,2931,3851,9871,6941,1101,069962
CF_DDA 382400205393784816833905871899
ChangeInWorkingCapital 2,010-1,4482,293-243797-2,8401,056336-430285
CF_DeferredTax -11025500000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -12718684-2,0721,625-10382503586844
Cash Flow from Operations 3,3671,7155,6713,3714,591-473,9652,8542,0962,990

Loews Corp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
NetIncomeFromContinuingOperations 31083398412384-125184215269294
CF_DDA 0905000871000899
ChangeInWorkingCapital 249371-125-795130360-507188256348
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 437-607335278312-339746366379-647
Cash Flow from Operations 996752608-105826767423769904894
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