Switch to:
Computer Sciences Corporation (NYSE:CSC)
Cash Flow from Operations
$1,053 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, Computer Sciences Corporation's Net Income From Continuing Operations was $146 Mil. Its DDA was $251 Mil. Its Change In Working Capital was $92 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 $40 Mil. In all, Computer Sciences Corporation's Cash Flow from Operations for the three months ended in Dec. 2013 was $529 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.

Computer Sciences Corporation's Cash Flow from Operations for the fiscal year that ended in Mar. 2013 is calculated as:

Computer Sciences Corporation's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

Computer Sciences Corporation Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 41 (Mar. 2013 ) + 213 (Jun. 2013 ) + 270 (Sep. 2013 ) + 529 (Dec. 2013 ) = $1,053 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.

Computer Sciences Corporation's net income from continuing operations for the three months ended in Dec. 2013 was $146 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

Computer Sciences Corporation's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $251 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.

Computer Sciences Corporation's change in working capital for the three months ended in Dec. 2013 was $92 Mil. It means Computer Sciences Corporation's working capital increased by $92 Mil from Sep. 2013 to Dec. 2013 .

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

Computer Sciences Corporation's cash flow from deferred tax for the three months ended in Dec. 2013 was $0 Mil.

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

Computer Sciences Corporation'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).

Computer Sciences Corporation's cash flow from others for the three months ended in Dec. 2013 was $40 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.

Computer Sciences Corporation Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
NetIncomeFromContinuingOperations 006380-2798834759-4,225979
CF_DDA 1,0381,1461,1881,1621,2861,2701,1561,1401,2121,134
ChangeInWorkingCapital -76-6-36849-486-877-420-426-418-324
CF_DeferredTax 18219349-52-652478100-115101
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 533610454206351,24865-94,722-771
Cash Flow from Operations 1,6781,9421,5511,5791,3431,9861,6431,5641,1761,119

Computer Sciences Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations -2,866-1,391-15342138532286159209146
CF_DDA 319322279279281282292255247251
ChangeInWorkingCapital -429232315-8951301-587-182-14692
CF_DeferredTax 00-115000101000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 2,9821,557170-11-26-702-51-19-4040
Cash Flow from Operations 672049622144441341213270529
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