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PNC Financial Services Group Inc (NYSE:PNC)
Cash Flow from Operations
$5,555 Mil (TTM As of Dec. 2013)

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. 2013, PNC Financial Services Group Inc's Net Income From Continuing Operations was $1,061 Mil. Its DDA was $263 Mil. Its Change In Working Capital was $-1,768 Mil. Its cash flow from deferred tax was $209 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $-106 Mil. In all, PNC Financial Services Group Inc's Cash Flow from Operations for the three months ended in Dec. 2013 was $-341 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.

PNC Financial Services Group Inc's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

PNC Financial Services Group Inc's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

PNC Financial Services Group Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 1016 (Mar. 2013 ) + 780 (Jun. 2013 ) + 4100 (Sep. 2013 ) + -341 (Dec. 2013 ) = $5,555 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.

PNC Financial Services Group Inc's net income from continuing operations for the three months ended in Dec. 2013 was $1,061 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

PNC Financial Services Group Inc's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $263 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.

PNC Financial Services Group Inc's change in working capital for the three months ended in Dec. 2013 was $-1,768 Mil. It means PNC Financial Services Group Inc's working capital declined by $1,768 Mil from Sep. 2013 to Dec. 2013 .

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

PNC Financial Services Group Inc's cash flow from deferred tax for the three months ended in Dec. 2013 was $209 Mil.

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

PNC Financial Services Group Inc's cash flow from discontinued operations for the three months ended in Dec. 2013 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).

PNC Financial Services Group Inc's cash flow from others for the three months ended in Dec. 2013 was $-106 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.

PNC Financial Services Group Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 1,1971,3252,5951,4679142,4033,3973,0713,0014,227
CF_DDA 3023753453324639781,0591,1401,1591,146
ChangeInWorkingCapital -802-2,433674-2,4784,928-1,462-1,504-4051,456-596
CF_DeferredTax -194175278-2619321,0198405701,207
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -4352-1,7181851,3702,9038411,389623-429
Cash Flow from Operations 460-6802,648-4167,4145,7544,8126,0356,8095,555

PNC Financial Services Group Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 8344938115469257191,0041,1231,0391,061
CF_DDA 281290269285307298283300300263
ChangeInWorkingCapital -1,044-861,472-420490-86-605-8472,624-1,768
CF_DeferredTax 2876801812316890266538194209
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 52273433962216268-334-57-106
Cash Flow from Operations 8801,4502,7761,0381,8121,1831,0167804,100-341
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