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PetSmart Inc. (NAS:PETM)
Cash Flow from Operations
$615 Mil (TTM As of Jan. 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 Jan. 2014, PetSmart Inc.'s Net Income From Continuing Operations was $132 Mil. Its DDA was $59 Mil. Its Change In Working Capital was $94 Mil. Its cash flow from deferred tax was $-15 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $5 Mil. In all, PetSmart Inc.'s Cash Flow from Operations for the three months ended in Jan. 2014 was $274 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.

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

PetSmart Inc.'s Cash Flow from Operations for the quarter that ended in Jan. 2014 is

PetSmart Inc. Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2014 was 147.246 (Apr. 2013 ) + 86.789 (Jul. 2013 ) + 107.238 (Oct. 2013 ) + 273.907 (Jan. 2014 ) = $615 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.

PetSmart Inc.'s net income from continuing operations for the three months ended in Jan. 2014 was $132 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

PetSmart Inc.'s depreciation, depletion and amortization for the three months ended in Jan. 2014 was $59 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.

PetSmart Inc.'s change in working capital for the three months ended in Jan. 2014 was $94 Mil. It means PetSmart Inc.'s working capital increased by $94 Mil from Oct. 2013 to Jan. 2014 .

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

PetSmart Inc.'s cash flow from deferred tax for the three months ended in Jan. 2014 was $-15 Mil.

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

PetSmart Inc.'s cash flow from discontinued operations for the three months ended in Jan. 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).

PetSmart Inc.'s cash flow from others for the three months ended in Jan. 2014 was $5 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.

PetSmart Inc. Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
NetIncomeFromContinuingOperations 157182185259193198240290390420
CF_DDA 108140157196225237236237238235
ChangeInWorkingCapital -3819-59-27-60122-202555-42
CF_DeferredTax -6-17-19-1534-14-11-4-21-12
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 351625-8029231326-914
Cash Flow from Operations 256340289333421567458575653615

PetSmart Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
NetIncomeFromContinuingOperations 1881029579821341029392132
CF_DDA 58596060605959595959
ChangeInWorkingCapital 1086-31-29-9125-30-60-4694
CF_DeferredTax -2-413-4-1-2934-3-15
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -1313-7-31-013-965
Cash Flow from Operations 12424612910313328814787107274
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