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Mylan NV (NAS:MYL)
Cash Flow from Operations
$1,015 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, Mylan NV's Net Income From Continuing Operations was $191 Mil. Its DDA was $169 Mil. Its Change In Working Capital was $-437 Mil. Its cash flow from deferred tax was $-65 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $18 Mil. And its Cash Flow from Others was $251 Mil. In all, Mylan NV's Cash Flow from Operations for the three months ended in Dec. 2014 was $127 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.

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

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

Mylan NV Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2014 was 268.1 (Mar. 2014 ) + 179.4 (Jun. 2014 ) + 440.7 (Sep. 2014 ) + 126.6 (Dec. 2014 ) = $1,015 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.

Mylan NV's net income from continuing operations for the three months ended in Dec. 2014 was $191 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

Mylan NV's depreciation, depletion and amortization for the three months ended in Dec. 2014 was $169 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.

Mylan NV's change in working capital for the three months ended in Dec. 2014 was $-437 Mil. It means Mylan NV's working capital declined by $437 Mil from Sep. 2014 to Dec. 2014 .

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

Mylan NV's cash flow from deferred tax for the three months ended in Dec. 2014 was $-65 Mil.

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

Mylan NV's cash flow from discontinued operations for the three months ended in Dec. 2014 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.

Mylan NV's stock based compensation for the three months ended in Dec. 2014 was $18 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).

Mylan NV's cash flow from others for the three months ended in Dec. 2014 was $251 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.

Mylan NV Annual Data

Mar05Mar06Mar07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
NetIncomeFromContinuingOperations 204185217-181248346539643627933
CF_DDA 454762425401423511547516567
ChangeInWorkingCapital -144114-35-204-264-142-470-673-489-1,182
CF_DeferredTax -37-24-50-194-15511-57-109-87-315
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 00031313143434766
Cash Flow from Others 13694197508344263156498493946
Cash Flow from Operations 2044173903846059317209491,1071,015

Mylan NV Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
NetIncomeFromContinuingOperations 212162108179159181117127499191
CF_DDA 171129129118127142135129134169
ChangeInWorkingCapital 24-115-109-194-99-87-198-316-232-437
CF_DeferredTax -17-35-3215-15-55-8-85-158-65
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 10101211131115171618
Cash Flow from Others 62139-2058230226207307181251
Cash Flow from Operations 46229188186415418268179441127
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