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Marriott International Inc (NAS:MAR)
Cash Flow from Operations
$1,576 Mil (TTM As of Jun. 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 Jun. 2014, Marriott International Inc's Net Income From Continuing Operations was $524 Mil. Its DDA was $138 Mil. Its Change In Working Capital was $83 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 $119 Mil. In all, Marriott International Inc's Cash Flow from Operations for the three months ended in Jun. 2014 was $864 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.

Marriott International Inc's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Marriott International Inc's Cash Flow from Operations for the quarter that ended in Jun. 2014 is

Marriott International Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 195 (Sep. 2013 ) + 335 (Dec. 2013 ) + 182 (Mar. 2014 ) + 864 (Jun. 2014 ) = $1,576 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.

Marriott International Inc's net income from continuing operations for the three months ended in Jun. 2014 was $524 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

Marriott International Inc's depreciation, depletion and amortization for the three months ended in Jun. 2014 was $138 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.

Marriott International Inc's change in working capital for the three months ended in Jun. 2014 was $83 Mil. It means Marriott International Inc's working capital increased by $83 Mil from Mar. 2014 to Jun. 2014 .

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

Marriott International Inc's cash flow from deferred tax for the three months ended in Jun. 2014 was $0 Mil.

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

Marriott International Inc's cash flow from discontinued operations for the three months ended in Jun. 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).

Marriott International Inc's cash flow from others for the three months ended in Jun. 2014 was $119 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.

Marriott International Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 594668608696347-353458198571626
CF_DDA 166184188197190185178168102127
ChangeInWorkingCapital 1962713971172106120-932215
CF_DeferredTax 000000-2711300
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -65-3935-186-68930422619284172
Cash Flow from Operations 8918409707786418681,1511,0899891,140

Marriott International Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
NetIncomeFromContinuingOperations 104143143181136179160151172524
CF_DDA 29383322533551436138
ChangeInWorkingCapital -9358195-128-15418010089-12183
CF_DeferredTax 704341000185000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 1510-21126111100-3058195119
Cash Flow from Operations 125292391181118492195335182864
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