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Landstar System Inc (NAS:LSTR)
Cash Flow from Operations
$137 Mil (TTM As of Mar. 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 Mar. 2015, Landstar System Inc's Net Income From Continuing Operations was $30 Mil. Its DDA was $7 Mil. Its Change In Working Capital was $9 Mil. Its cash flow from deferred tax was $1 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $2 Mil. And its Cash Flow from Others was $1 Mil. In all, Landstar System Inc's Cash Flow from Operations for the three months ended in Mar. 2015 was $49 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.

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

Landstar System Inc's Cash Flow from Operations for the quarter that ended in Mar. 2015 is

Landstar System Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2015 was -0.069 (Jun. 2014 ) + 58.997 (Sep. 2014 ) + 29.272 (Dec. 2014 ) + 49.27 (Mar. 2015 ) = $137 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.

Landstar System Inc's net income from continuing operations for the three months ended in Mar. 2015 was $30 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

Landstar System Inc's depreciation, depletion and amortization for the three months ended in Mar. 2015 was $7 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.

Landstar System Inc's change in working capital for the three months ended in Mar. 2015 was $9 Mil. It means Landstar System Inc's working capital increased by $9 Mil from Dec. 2014 to Mar. 2015 .

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

Landstar System Inc's cash flow from deferred tax for the three months ended in Mar. 2015 was $1 Mil.

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

Landstar System Inc's cash flow from discontinued operations for the three months ended in Mar. 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.

Landstar System Inc's stock based compensation for the three months ended in Mar. 2015 was $2 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).

Landstar System Inc's cash flow from others for the three months ended in Mar. 2015 was $1 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.

Landstar System Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
NetIncomeFromContinuingOperations 1161131101117087113127109139
CF_DDA 16171921242526252828
ChangeInWorkingCapital -1421470-3136-13-44-446-80
CF_DeferredTax -23142110455
Cash Flow from Disc. Op. 0000000060
Stock Based Compensation 0087555657
Cash Flow from Others 1212388588-53
Cash Flow from Operations -1292141120145109118126153102

Landstar System Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
NetIncomeFromContinuingOperations 31262929252836373830
CF_DDA 5677777777
ChangeInWorkingCapital -1917-149-6-21-4918-299
CF_DeferredTax -215-1-0-23-591
Cash Flow from Disc. Op. 0-442300000
Stock Based Compensation 2211112132
Cash Flow from Others 74-5-2-211011
Cash Flow from Operations 225327452714-0592949
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