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U.S. Bancorp (NYSE:USB)
Cash Flow from Operations
$12,550 Mil (TTM As of Mar. 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 Mar. 2014, U.S. Bancorp's Net Income From Continuing Operations was $1,397 Mil. Its DDA was $123 Mil. Its Change In Working Capital was $0 Mil. Its cash flow from deferred tax was $-77 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $1,329 Mil. In all, U.S. Bancorp's Cash Flow from Operations for the three months ended in Mar. 2014 was $2,772 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.

U.S. Bancorp's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

U.S. Bancorp's Cash Flow from Operations for the quarter that ended in Mar. 2014 is

U.S. Bancorp Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2014 was 4848 (Jun. 2013 ) + 2141 (Sep. 2013 ) + 2789 (Dec. 2013 ) + 2772 (Mar. 2014 ) = $12,550 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.

U.S. Bancorp's net income from continuing operations for the three months ended in Mar. 2014 was $1,397 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

U.S. Bancorp's depreciation, depletion and amortization for the three months ended in Mar. 2014 was $123 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.

U.S. Bancorp's change in working capital for the three months ended in Mar. 2014 was $0 Mil. It means U.S. Bancorp's working capital stayed the same from Dec. 2013 to Mar. 2014 .

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

U.S. Bancorp's cash flow from deferred tax for the three months ended in Mar. 2014 was $-77 Mil.

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

U.S. Bancorp's cash flow from discontinued operations for the three months ended in Mar. 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).

U.S. Bancorp's cash flow from others for the three months ended in Mar. 2014 was $1,329 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.

U.S. Bancorp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 4,1674,4894,7514,3242,9462,2053,3174,8725,6475,836
CF_DDA 795689588619573607596565561520
ChangeInWorkingCapital 00-196-2,006000000
CF_DeferredTax 281-301-3-970-545-37074849-69
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -18-1,465289-2381,7885,3331,6983,6351,7015,159
Cash Flow from Operations 5,2253,4125,4292,6025,3077,6005,2419,8207,95811,446

U.S. Bancorp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
NetIncomeFromContinuingOperations 4,8721,3381,4151,4741,4201,4281,4841,4681,4561,397
CF_DDA 144140141139141131129129131123
ChangeInWorkingCapital 0000000000
CF_DeferredTax 49873-99552010-11668-31-77
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -4,4491,540-920-1,4212,502993,3514761,2331,329
Cash Flow from Operations 1,0653,0915372474,0831,6684,8482,1412,7892,772
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