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TJX Companies (NYSE:TJX)
Cash Flow from Operations
$2,769 Mil (TTM As of Oct. 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 Oct. 2014, TJX Companies's Net Income From Continuing Operations was $595 Mil. Its DDA was $147 Mil. Its Change In Working Capital was $9 Mil. Its cash flow from deferred tax was $-2 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $26 Mil. And its Cash Flow from Others was $-38 Mil. In all, TJX Companies's Cash Flow from Operations for the three months ended in Oct. 2014 was $736 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.

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

TJX Companies's Cash Flow from Operations for the quarter that ended in Oct. 2014 is

TJX Companies Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2014 was 956.957 (Jan. 2014 ) + 473.749 (Apr. 2014 ) + 602.235 (Jul. 2014 ) + 736.353 (Oct. 2014 ) = $2,769 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.

TJX Companies's net income from continuing operations for the three months ended in Oct. 2014 was $595 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

TJX Companies's depreciation, depletion and amortization for the three months ended in Oct. 2014 was $147 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.

TJX Companies's change in working capital for the three months ended in Oct. 2014 was $9 Mil. It means TJX Companies's working capital increased by $9 Mil from Jul. 2014 to Oct. 2014 .

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

TJX Companies's cash flow from deferred tax for the three months ended in Oct. 2014 was $-2 Mil.

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

TJX Companies's cash flow from discontinued operations for the three months ended in Oct. 2014 was $0 Mil.

6. Stock Based Compensation:
It is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.

TJX Companies's stock based compensation for the three months ended in Oct. 2014 was $26 Mil.

7. 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).

TJX Companies's cash flow from others for the three months ended in Oct. 2014 was $-38 Mil.


Related Terms

Net Income From Continuing Operations, Depreciation, Depletion and Amortization, Change In Working Capital, Cash Flow from Discontinued Operations, Stock Based Compensation, 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.

TJX Companies Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
NetIncomeFromContinuingOperations 6907387728811,2141,3431,4961,9072,1372,215
CF_DDA 405423427402435458486509549589
ChangeInWorkingCapital 141-20222-382549-5-238612-127112
CF_DeferredTax -886-102132535114513520
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000555964647688
Cash Flow from Others 94842122-3471-37-59-974
Cash Flow from Operations 1,1581,1951,3611,1552,2721,9761,9163,0462,5903,008

TJX Companies Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
NetIncomeFromContinuingOperations 462605453480623582454518595648
CF_DDA 126137131135141142144147147151
ChangeInWorkingCapital 157274-318-11757251-123-1139339
CF_DeferredTax 31-4993445-716-20
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 20151719211920222620
Cash Flow from Others -23-16-10-21-24-43-1412-3837
Cash Flow from Operations 7729662815318229574746027361,196
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