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Cintas Corporation (NAS:CTAS)
Cash Flow from Operations
$570 Mil (TTM As of Feb. 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 Feb. 2014, Cintas Corporation's Net Income From Continuing Operations was $85 Mil. Its DDA was $43 Mil. Its Change In Working Capital was $23 Mil. Its cash flow from deferred tax was $-1 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $13 Mil. In all, Cintas Corporation's Cash Flow from Operations for the three months ended in Feb. 2014 was $163 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.

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

Cintas Corporation's Cash Flow from Operations for the quarter that ended in Feb. 2014 is

Cintas Corporation Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2014 was 184.405 (May. 2013 ) + 82.559 (Aug. 2013 ) + 139.721 (Nov. 2013 ) + 163.493 (Feb. 2014 ) = $570 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.

Cintas Corporation's net income from continuing operations for the three months ended in Feb. 2014 was $85 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

Cintas Corporation's depreciation, depletion and amortization for the three months ended in Feb. 2014 was $43 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.

Cintas Corporation's change in working capital for the three months ended in Feb. 2014 was $23 Mil. It means Cintas Corporation's working capital increased by $23 Mil from Nov. 2013 to Feb. 2014 .

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

Cintas Corporation's cash flow from deferred tax for the three months ended in Feb. 2014 was $-1 Mil.

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

Cintas Corporation's cash flow from discontinued operations for the three months ended in Feb. 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).

Cintas Corporation's cash flow from others for the three months ended in Feb. 2014 was $13 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.

Cintas Corporation Annual Data

May04May05May06May07May08May09May10May11May12May13
NetIncomeFromContinuingOperations 2722933233353352262162470315
CF_DDA 143148161176192158152151156166
ChangeInWorkingCapital 78-39-28-65637128-163-99-23
CF_DeferredTax 164-0-02-113485748
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 08557103565835647
Cash Flow from Operations 510414461449543524566341470553

Cintas Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
NetIncomeFromContinuingOperations 7476001557586788585
CF_DDA 393911740414242483743
ChangeInWorkingCapital -5-8-91-43-44427-58-323
CF_DeferredTax -41146104691672-1
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 151526688-65111271913
Cash Flow from Operations 1191323389513214118483140163
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