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Annaly Capital Management Inc (NYSE:NLY)
Cash Flow from Operations
$688 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, Annaly Capital Management Inc's Net Income From Continuing Operations was $-336 Mil. Its DDA was $1 Mil. Its Change In Working Capital was $-53 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 $1,965 Mil. In all, Annaly Capital Management Inc's Cash Flow from Operations for the three months ended in Jun. 2014 was $1,577 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.

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

Annaly Capital Management Inc's Cash Flow from Operations for the quarter that ended in Jun. 2014 is

Annaly Capital Management Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 810.868 (Sep. 2013 ) + -6000.48 (Dec. 2013 ) + 4300.469 (Mar. 2014 ) + 1576.845 (Jun. 2014 ) = $688 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.

Annaly Capital Management Inc's net income from continuing operations for the three months ended in Jun. 2014 was $-336 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

Annaly Capital Management Inc's depreciation, depletion and amortization for the three months ended in Jun. 2014 was $1 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.

Annaly Capital Management Inc's change in working capital for the three months ended in Jun. 2014 was $-53 Mil. It means Annaly Capital Management Inc's working capital declined by $53 Mil from Mar. 2014 to Jun. 2014 .

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

Annaly Capital Management 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.

Annaly Capital Management 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).

Annaly Capital Management Inc's cash flow from others for the three months ended in Jun. 2014 was $1,965 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.

Annaly Capital Management Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 249-9944143461,9611,2673441,7363,730
CF_DDA 1801556567422243
ChangeInWorkingCapital -52-1079-123-146-2-4941134
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -613473-348829,0009,5962,1235,859-16,759
Cash Flow from Operations 4172822225251,11010,81810,8632,4207,640-12,893

Annaly Capital Management Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
NetIncomeFromContinuingOperations 902-912257008701,6381921,029-203-336
CF_DDA 1112002001
ChangeInWorkingCapital 2488-13-592872161835-53
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 4,068-1,3033,385-291-4,781-5,532601-7,0484,4681,965
Cash Flow from Operations 4,994-1,3063,598353-3,882-3,821811-6,0004,3001,577
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