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Computer Sciences Corp (NYSE:CSC)
Cash Flow from Operations
$1,620 Mil (TTM As of Jun. 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 Jun. 2014, Computer Sciences Corp's Net Income From Continuing Operations was $151 Mil. Its DDA was $272 Mil. Its Change In Working Capital was $-154 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 $4 Mil. In all, Computer Sciences Corp's Cash Flow from Operations for the three months ended in Jun. 2014 was $273 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 Corp's Cash Flow from Operations for the fiscal year that ended in Mar. 2014 is calculated as:

Computer Sciences Corp's Cash Flow from Operations for the quarter that ended in Jun. 2014 is

Computer Sciences Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 270 (Sep. 2013 ) + 529 (Dec. 2013 ) + 548 (Mar. 2014 ) + 273 (Jun. 2014 ) = $1,620 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 Corp's net income from continuing operations for the three months ended in Jun. 2014 was $151 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 Corp's depreciation, depletion and amortization for the three months ended in Jun. 2014 was $272 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 Corp's change in working capital for the three months ended in Jun. 2014 was $-154 Mil. It means Computer Sciences Corp's working capital declined by $154 Mil from Mar. 2014 to Jun. 2014 .

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

Computer Sciences Corp's cash flow from deferred tax for the three months ended in Jun. 2014 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 Corp's cash flow from discontinued operations for the three months ended in Jun. 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).

Computer Sciences Corp's cash flow from others for the three months ended in Jun. 2014 was $4 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 Corp Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
NetIncomeFromContinuingOperations 000-2798834759-4,225979690
CF_DDA 1,1461,1881,1621,2861,2701,1561,1401,2121,1341,018
ChangeInWorkingCapital -6-36849-486-877-420-426-418-324-240
CF_DeferredTax 19349-52-652478100-11510175
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 6106834206351,24865-94,722-77117
Cash Flow from Operations 1,9421,5511,5791,3431,9861,6431,5641,1761,1191,560

Computer Sciences Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
NetIncomeFromContinuingOperations -15342138532286159209146176151
CF_DDA 279279281282292255247251265272
ChangeInWorkingCapital 315-8951301-587-182-14692-4-154
CF_DeferredTax -115000101000750
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 170-11-26-702-51-19-4040364
Cash Flow from Operations 49622144441341213270529548273
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