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Cheung Kong Holdings Ltd (OTCPK:CHEUY)
Cash Flow from Operations
\$5,748 Mil (TTM As of Dec. 2015)

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 six months ended in Dec. 2015, Cheung Kong Holdings Ltd's Net Income From Continuing Operations was \$2,809 Mil. Its DDA was \$0 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. Its Stock Based Compensation was \$0 Mil. And its Cash Flow from Others was \$716 Mil. In all, Cheung Kong Holdings Ltd's Cash Flow from Operations for the six months ended in Dec. 2015 was \$3,470 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.

Cheung Kong Holdings Ltd's Cash Flow from Operations for the fiscal year that ended in Dec. 2015 is calculated as:

 Cash Flow from Operations (A: Dec. 2015 ) = Net Income From Continuing Operations + DDA + Change In Working Capital + Deferred Tax = 16112.0931013 + 1256.66068871 + 365.3863522 + 35.7387074716 + Cash Flow from Discontinued Operations + Stock Based Compensation + Cash Flow from Others + 0 + 0 + -12022.1399357 = 5,748

Cheung Kong Holdings Ltd's Cash Flow from Operations for the quarter that ended in Dec. 2015 is

 Cash Flow from Operations (Q: Dec. 2015 ) = Net Income From Continuing Operations + DDA + Change In Working Capital + Deferred Tax = 2808.77856194 + 0 + -54.0596333234 + 0 + Cash Flow from Discontinued Operations + Stock Based Compensation + Cash Flow from Others + 0 + 0 + 715.548273059 = 3,470

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cheung Kong Holdings Ltd Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2015 was \$5,748 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.

Cheung Kong Holdings Ltd's net income from continuing operations for the six months ended in Dec. 2015 was \$2,809 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

Cheung Kong Holdings Ltd's depreciation, depletion and amortization for the six months ended in Dec. 2015 was \$0 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.

Cheung Kong Holdings Ltd's change in working capital for the six months ended in Dec. 2015 was \$-54 Mil. It means Cheung Kong Holdings Ltd's working capital declined by \$54 Mil from Jun. 2015 to Dec. 2015 .

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

Cheung Kong Holdings Ltd's cash flow from deferred tax for the six months ended in Dec. 2015 was \$0 Mil.

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

Cheung Kong Holdings Ltd's cash flow from discontinued operations for the six months ended in Dec. 2015 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.

Cheung Kong Holdings Ltd's stock based compensation for the six months ended in Dec. 2015 was \$0 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).

Cheung Kong Holdings Ltd's cash flow from others for the six months ended in Dec. 2015 was \$716 Mil.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cheung Kong Holdings Ltd Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 NetIncomeFromContinuingOperations 2,508 3,741 2,139 2,831 3,618 6,184 4,356 4,835 7,213 16,112 CF_DDA 22 33 37 45 51 51 44 42 51 1,257 ChangeInWorkingCapital -2,886 -678 -544 1,013 740 -1,380 -783 -370 1,028 365 CF_DeferredTax 0 0 0 0 0 0 0 0 5 36 Cash Flow from Disc. Op. 0 0 0 0 0 0 0 0 0 0 Stock Based Compensation 0 0 0 0 0 0 0 0 0 0 Cash Flow from Others -1,669 -3,002 -2,095 -2,114 -3,294 -5,624 -4,032 -3,592 -6,985 -12,022 Cash Flow from Operations -2,026 93 -463 1,775 1,115 -768 -415 915 1,311 5,748

Cheung Kong Holdings Ltd Semi-Annual Data

 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 NetIncomeFromContinuingOperations 4,280 1,664 2,005 2,175 1,777 2,861 1,765 742 2,915 2,809 CF_DDA 0 0 0 0 0 0 0 0 0 0 ChangeInWorkingCapital 0 0 0 0 0 0 -566 1,545 419 -54 CF_DeferredTax 0 0 0 0 0 0 0 0 0 0 Cash Flow from Disc. Op. 0 0 0 0 0 0 0 0 0 0 Stock Based Compensation 0 0 0 0 0 0 0 0 0 0 Cash Flow from Others -3,948 -2,764 -1,424 -3,171 -1,576 -2,147 1,550 -159 -1,057 716 Cash Flow from Operations 331 -1,100 581 -997 200 715 2,749 2,129 2,277 3,470
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