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Phoenix Companies, Inc. (NYSE:PNX)
Cash Flow from Operations
$-853 Mil (TTM As of Dec. 2012)

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. 2012, Phoenix Companies, Inc.'s Net Income From Continuing Operations was $-169 Mil. Its DDA was $9 Mil. Its Change In Working Capital was $-493 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 $169 Mil. In all, Phoenix Companies, Inc.'s Cash Flow from Operations for the three months ended in Dec. 2012 was $-484 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.

Phoenix Companies, Inc.'s Cash Flow from Operations for the fiscal year that ended in Dec. 2012 is calculated as:

Phoenix Companies, Inc.'s Cash Flow from Operations for the quarter that ended in Dec. 2012 is

Phoenix Companies, Inc. Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2012 was -298.4 (Dec. 2011 ) + -33.9 (Mar. 2012 ) + -37.3 (Jun. 2012 ) + -483.5 (Dec. 2012 ) = $-853 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.

Phoenix Companies, Inc.'s net income from continuing operations for the three months ended in Dec. 2012 was $-169 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

Phoenix Companies, Inc.'s depreciation, depletion and amortization for the three months ended in Dec. 2012 was $9 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.

Phoenix Companies, Inc.'s change in working capital for the three months ended in Dec. 2012 was $-493 Mil. It means Phoenix Companies, Inc.'s working capital declined by $493 Mil from Jun. 2012 to Dec. 2012 .

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

Phoenix Companies, Inc.'s cash flow from deferred tax for the three months ended in Dec. 2012 was $0 Mil.

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

Phoenix Companies, Inc.'s cash flow from discontinued operations for the three months ended in Dec. 2012 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).

Phoenix Companies, Inc.'s cash flow from others for the three months ended in Dec. 2012 was $169 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.

Phoenix Companies, Inc. Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
NetIncomeFromContinuingOperations 0861090117-177-196-13-31-169
CF_DDA 0000121226111312
ChangeInWorkingCapital 000015960-588-516-542-511
CF_DeferredTax 000026-10994000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 0-25335244-2526680259122147
Cash Flow from Operations 06144424428953-583-258-438-521

Phoenix Companies, Inc. Quarterly Data

Jun10Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Dec12
NetIncomeFromContinuingOperations 00-684150-31-8-13-169
CF_DDA 001133010349
ChangeInWorkingCapital 00-516-63-600-482-55-18-493
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -64-815542514-7920426-9169
Cash Flow from Operations -64-81-19-33-28-79-298-34-37-484
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