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Cenovus Energy Inc (NYSE:CVE)
Cash Flow from Operations
$940 Mil (TTM As of Jun. 2016)

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. 2016, Cenovus Energy Inc's Net Income From Continuing Operations was $-207 Mil. Its DDA was $285 Mil. Its Change In Working Capital was $-182 Mil. Its cash flow from deferred tax was $-40 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $0 Mil. And its Cash Flow from Others was $303 Mil. In all, Cenovus Energy Inc's Cash Flow from Operations for the three months ended in Jun. 2016 was $159 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.

Cenovus Energy Inc'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
=450.667250055+1541.6028586+-158.244002042+-477.648946255
+Cash Flow from Discontinued Operations+Stock Based Compensation+Cash Flow from Others
+0+0+-281.484722526
=1,075

Cenovus Energy Inc's Cash Flow from Operations for the quarter that ended in Jun. 2016 is

Cash Flow from Operations(Q: Jun. 2016 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=-207.073057236+285.404063906+-182.255312548+-40.3288351171
+Cash Flow from Discontinued Operations+Stock Based Compensation+Cash Flow from Others
+0+0+303.2418179
=159

Cenovus Energy Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2016 was 408.563244384 (Sep. 2015 ) + 234.813680449 (Dec. 2015 ) + 137.607742326 (Mar. 2016 ) + 158.988676904 (Jun. 2016 ) = $940 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.

Cenovus Energy Inc's net income from continuing operations for the three months ended in Jun. 2016 was $-207 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

Cenovus Energy Inc's depreciation, depletion and amortization for the three months ended in Jun. 2016 was $285 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.

Cenovus Energy Inc's change in working capital for the three months ended in Jun. 2016 was $-182 Mil. It means Cenovus Energy Inc's working capital declined by $182 Mil from Mar. 2016 to Jun. 2016 .

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

Cenovus Energy Inc's cash flow from deferred tax for the three months ended in Jun. 2016 was $-40 Mil.

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

Cenovus Energy Inc's cash flow from discontinued operations for the three months ended in Jun. 2016 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.

Cenovus Energy Inc's stock based compensation for the three months ended in Jun. 2016 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).

Cenovus Energy Inc's cash flow from others for the three months ended in Jun. 2016 was $303 Mil.


Related Terms

Net Income From Continuing Operations, Depreciation, Depletion and Amortization, Change In Working Capital, Cash Flow from Discontinued Operations, Stock Based Compensation, 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.

Cenovus Energy Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
NetIncomeFromContinuingOperations 002,3357761,0721,4431,005622645451
CF_DDA 001,3001,4491,2921,2651,6011,7231,6871,542
ChangeInWorkingCapital 00-308184178-3-225-6641-158
CF_DeferredTax 00380-560140562479229311-478
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others 00-1,0571,034-111-70595818373-281
Cash Flow from Operations 002,6502,8832,5703,1963,4553,3263,0581,075

Cenovus Energy Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
NetIncomeFromContinuingOperations 222568321-409-5291021,358-467-89-207
CF_DDA 409449431460395391357481410285
ChangeInWorkingCapital -402-7497405-174-1157434118-182
CF_DeferredTax 32199131-32-21-211-172-101-144-40
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others 150-11811329548104-1,208289-157303
Cash Flow from Operations 4111,024992753218271409235138159
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