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GuruFocus has detected 6 Warning Signs with LVMH Moet Hennessy Louis Vuitton SE $LVMUY.
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LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMUY)
Cash Flow from Operations
$4,008 Mil (TTM As of Jun. 2016)

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 six months ended in Jun. 2016, LVMH Moet Hennessy Louis Vuitton SE's Net Income From Continuing Operations was $2,093 Mil. Its DDA was $947 Mil. Its Change In Working Capital was $-1,248 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $0 Mil. And its Cash Flow from Others was $-937 Mil. In all, LVMH Moet Hennessy Louis Vuitton SE's Cash Flow from Operations for the six months ended in Jun. 2016 was $855 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.

LVMH Moet Hennessy Louis Vuitton SE's Cash Flow from Operations for the fiscal year that ended in Dec. 2015 is calculated as:

LVMH Moet Hennessy Louis Vuitton SE's Cash Flow from Operations for the quarter that ended in Jun. 2016 is

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. LVMH Moet Hennessy Louis Vuitton SE Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2016 was $4,008 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.

LVMH Moet Hennessy Louis Vuitton SE's net income from continuing operations for the six months ended in Jun. 2016 was $2,093 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

LVMH Moet Hennessy Louis Vuitton SE's depreciation, depletion and amortization for the six months ended in Jun. 2016 was $947 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.

LVMH Moet Hennessy Louis Vuitton SE's change in working capital for the six months ended in Jun. 2016 was $-1,248 Mil. It means LVMH Moet Hennessy Louis Vuitton SE's working capital declined by $1,248 Mil from Dec. 2015 to Jun. 2016 .

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

LVMH Moet Hennessy Louis Vuitton SE's cash flow from deferred tax for the six months ended in Jun. 2016 was $0 Mil.

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

LVMH Moet Hennessy Louis Vuitton SE's cash flow from discontinued operations for the six months ended in Jun. 2016 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.

LVMH Moet Hennessy Louis Vuitton SE's stock based compensation for the six months ended in Jun. 2016 was $0 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).

LVMH Moet Hennessy Louis Vuitton SE's cash flow from others for the six months ended in Jun. 2016 was $-937 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.

LVMH Moet Hennessy Louis Vuitton SE Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
NetIncomeFromContinuingOperations 3,2253,8383,5272,5584,3904,5595,1305,4077,5284,358
CF_DDA 6269299391,2041,0421,3141,6921,9662,3372,267
ChangeInWorkingCapital -341-690-986133327-703-1,063-849-885-467
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others -487-499-401382-1,694-2,307-2,581-2,336-5,487-2,150
Cash Flow from Operations 3,0223,5783,0784,2774,0652,8643,1774,1883,4924,008

LVMH Moet Hennessy Louis Vuitton SE Semi-Annual Data

Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15Jun16
NetIncomeFromContinuingOperations 2,4332,3742,6472,3832,9332,3385,4061,9662,4502,093
CF_DDA 7977189418431,0909581,4679541,341947
ChangeInWorkingCapital 89-1,162152-1,332534-1,731686-1,147646-1,248
CF_DeferredTax 000-1,292000000
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others -1,975-1,262-1,261-50-942-1,484-4,141-1,012-1,168-937
Cash Flow from Operations 1,3456682,4795513,615823,4187613,269855
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