Switch to:
Comerica Inc (NYSE:CMA)
Cash Flow from Operations
$836 Mil (TTM As of Dec. 2013)

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 Dec. 2013, Comerica Inc's Net Income From Continuing Operations was $117 Mil. Its DDA was $30 Mil. Its Change In Working Capital was $230 Mil. Its cash flow from deferred tax was $-14 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $23 Mil. In all, Comerica Inc's Cash Flow from Operations for the three months ended in Dec. 2013 was $386 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.

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

Comerica Inc's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

Comerica Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 276 (Mar. 2013 ) + 9 (Jun. 2013 ) + 165 (Sep. 2013 ) + 386 (Dec. 2013 ) = $836 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.

Comerica Inc's net income from continuing operations for the three months ended in Dec. 2013 was $117 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

Comerica Inc's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $30 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.

Comerica Inc's change in working capital for the three months ended in Dec. 2013 was $230 Mil. It means Comerica Inc's working capital increased by $230 Mil from Sep. 2013 to Dec. 2013 .

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

Comerica Inc's cash flow from deferred tax for the three months ended in Dec. 2013 was $-14 Mil.

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

Comerica Inc's cash flow from discontinued operations for the three months ended in Dec. 2013 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).

Comerica Inc's cash flow from others for the three months ended in Dec. 2013 was $23 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.

Comerica Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 75786189368221216260393521541
CF_DDA 129808296114122124122133122
ChangeInWorkingCapital 19010037-131-22969103-30148
CF_DeferredTax 000-53-99-112-20279158-20
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -48-10502527662941,035205161145
Cash Flow from Operations 1,0288469751,014862911,286902672836

Comerica Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 9896130144117130134143147117
CF_DDA 31323334333330323030
ChangeInWorkingCapital 117-78-613198-36938-209-11230
CF_DeferredTax 2927224258929-3-32-14
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 19693338464445463123
Cash Flow from Operations 294146157289299-732769165386
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide