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AutoZone Inc (NYSE:AZO)
Cash Flow from Operations
$1,490 Mil (TTM As of May. 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 May. 2014, AutoZone Inc's Net Income From Continuing Operations was $285 Mil. Its DDA was $58 Mil. Its Change In Working Capital was $117 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 $3 Mil. In all, AutoZone Inc's Cash Flow from Operations for the three months ended in May. 2014 was $463 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.

AutoZone Inc's Cash Flow from Operations for the fiscal year that ended in Aug. 2013 is calculated as:

AutoZone Inc's Cash Flow from Operations for the quarter that ended in May. 2014 is

AutoZone Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2014 was 519.147 (Aug. 2013 ) + 357.343 (Nov. 2013 ) + 150.629 (Feb. 2014 ) + 463.146 (May. 2014 ) = $1,490 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.

AutoZone Inc's net income from continuing operations for the three months ended in May. 2014 was $285 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

AutoZone Inc's depreciation, depletion and amortization for the three months ended in May. 2014 was $58 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.

AutoZone Inc's change in working capital for the three months ended in May. 2014 was $117 Mil. It means AutoZone Inc's working capital increased by $117 Mil from Feb. 2014 to May. 2014 .

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

AutoZone Inc's cash flow from deferred tax for the three months ended in May. 2014 was $-0 Mil.

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

AutoZone Inc's cash flow from discontinued operations for the three months ended in May. 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).

AutoZone Inc's cash flow from others for the three months ended in May. 2014 was $3 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.

AutoZone Inc Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
NetIncomeFromContinuingOperations 56657156959664265708499301,016
CF_DDA 111138141161170180199196212227
ChangeInWorkingCapital -66-966964322627220178173
CF_DeferredTax 44-1736256746-9452620
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -18527010147351-22-21
Cash Flow from Operations 6386488238459219241,1961,2921,2241,415

AutoZone Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
NetIncomeFromContinuingOperations 167249324203176266371218193285
CF_DDA 46496751525371565858
ChangeInWorkingCapital -94472680-26794077-86117
CF_DeferredTax -0-322-2-10-3362-23-0
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 0-5-14-141-91583
Cash Flow from Operations 119337425318193385519357151463
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