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Banco Santander SA (NYSE:SAN)
Cash Flow from Operations
$5,669 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, Banco Santander SA's Net Income From Continuing Operations was $4,449 Mil. Its DDA was $1,576 Mil. Its Change In Working Capital was $-23,572 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 $22,719 Mil. In all, Banco Santander SA's Cash Flow from Operations for the three months ended in Jun. 2014 was $5,172 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.

Banco Santander SA's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Cash Flow from Operations(A: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=7525.88555858+3257.49318801+-111122.615804+0
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+52856.9482289
=-47,482

Banco Santander SA's Cash Flow from Operations for the quarter that ended in Jun. 2014 is

Cash Flow from Operations(Q: Jun. 2014 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=4449.25575101+1576.45466847+-23572.3951286+0
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+22718.5385656
=5,172

Banco Santander SA Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 0 (Sep. 2013 ) + -3709.80926431 (Dec. 2013 ) + 4207.18232044 (Mar. 2014 ) + 5171.85385656 (Jun. 2014 ) = $5,669 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.

Banco Santander SA's net income from continuing operations for the three months ended in Jun. 2014 was $4,449 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

Banco Santander SA's depreciation, depletion and amortization for the three months ended in Jun. 2014 was $1,576 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.

Banco Santander SA's change in working capital for the three months ended in Jun. 2014 was $-23,572 Mil. It means Banco Santander SA's working capital declined by $23,572 Mil from Mar. 2014 to Jun. 2014 .

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

Banco Santander SA'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.

Banco Santander SA'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).

Banco Santander SA's cash flow from others for the three months ended in Jun. 2014 was $22,719 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.

Banco Santander SA Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 08,18510,70914,21412,36113,42712,1687,9214,0737,526
CF_DDA 01,2301,4891,8701,6812,2772,5942,7212,9033,257
ChangeInWorkingCapital 0-54,424-86,124-33,134183,8518,587112,26612,77872,533-111,123
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 03,4076,2119,365-176,930-50,019-57,67723,025-47,41852,857
Cash Flow from Operations 0-41,602-67,715-7,68520,963-25,72869,35146,44532,092-47,482

Banco Santander SA Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
NetIncomeFromContinuingOperations 02,69001,16103,67403,7022,1464,449
CF_DDA 01,27301,52501,53001,6658161,576
ChangeInWorkingCapital 0-27,8060102,6320-112,90106,392-5,550-23,572
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 011,1660-59,504065,6430-15,4696,79422,719
Cash Flow from Operations 0-12,677045,8140-42,0540-3,7104,2075,172
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