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WR Berkley Corp (NYSE:WRB)
Cash Flow from Operations
$848 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, WR Berkley Corp's Net Income From Continuing Operations was $170 Mil. Its DDA was $25 Mil. Its Change In Working Capital was $54 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 $-105 Mil. In all, WR Berkley Corp's Cash Flow from Operations for the three months ended in Mar. 2014 was $143 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.

WR Berkley Corp's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

WR Berkley Corp's Cash Flow from Operations for the quarter that ended in Mar. 2014 is

WR Berkley Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2014 was 198.82 (Jun. 2013 ) + 312.763 (Sep. 2013 ) + 193.103 (Dec. 2013 ) + 143.164 (Mar. 2014 ) = $848 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.

WR Berkley Corp's net income from continuing operations for the three months ended in Mar. 2014 was $170 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

WR Berkley Corp's depreciation, depletion and amortization for the three months ended in Mar. 2014 was $25 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.

WR Berkley Corp's change in working capital for the three months ended in Mar. 2014 was $54 Mil. It means WR Berkley Corp's working capital increased by $54 Mil from Dec. 2013 to Mar. 2014 .

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

WR Berkley Corp's cash flow from deferred tax for the three months ended in Mar. 2014 was $0 Mil.

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

WR Berkley Corp'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).

WR Berkley Corp's cash flow from others for the three months ended in Mar. 2014 was $-105 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.

WR Berkley Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 439545700766281309446391511500
CF_DDA 5563667484798388103103
ChangeInWorkingCapital 1,1751,145815661798-311-98288322377
CF_DeferredTax -480-360000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -6-1920-5139024021-97-261-160
Cash Flow from Operations 1,6141,7341,5641,4501,553316451670675820

WR Berkley Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
NetIncomeFromContinuingOperations 391135109101165117116137130170
CF_DDA 31222518382130292325
ChangeInWorkingCapital 69-161562615641021987354
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -306-68-51-4-138-26-49-52-33-105
Cash Flow from Operations 18574239141222115199313193143
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