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Cenovus Energy Inc (NYSE:CVE)
Cash Flow from Operations
$3,344 Mil (TTM As of Sep. 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 Sep. 2014, Cenovus Energy Inc's Net Income From Continuing Operations was $321 Mil. Its DDA was $431 Mil. Its Change In Working Capital was $97 Mil. Its cash flow from deferred tax was $131 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $11 Mil. In all, Cenovus Energy Inc's Cash Flow from Operations for the three months ended in Sep. 2014 was $992 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. 2013 is calculated as:

Cash Flow from Operations(A: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=622.180451128+1722.7443609+-65.7894736842+229.323308271
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+817.669172932
=3,326

Cenovus Energy Inc's Cash Flow from Operations for the quarter that ended in Sep. 2014 is

Cash Flow from Operations(Q: Sep. 2014 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=321.496685133+431.386795023+97.175551721+130.778312596
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+10.8981927164
=992

Cenovus Energy Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2014 was 917.293233083 (Dec. 2013 ) + 411.341134113 (Mar. 2014 ) + 1024.00738689 (Jun. 2014 ) + 991.73553719 (Sep. 2014 ) = $3,344 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 Sep. 2014 was $321 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 Sep. 2014 was $431 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 Sep. 2014 was $97 Mil. It means Cenovus Energy Inc's working capital increased by $97 Mil from Jun. 2014 to Sep. 2014 .

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 Sep. 2014 was $131 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 Sep. 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).

Cenovus Energy Inc's cash flow from others for the three months ended in Sep. 2014 was $11 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.

Cenovus Energy Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 00002,3356449851,4431,003622
CF_DDA 00001,3001,3341,3001,2651,6011,723
ChangeInWorkingCapital 0000-3081,040178-3-225-66
CF_DeferredTax 0000380-54787562479229
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 0000-1,0571,00224-70597818
Cash Flow from Operations 00002,6503,4732,5733,1963,4553,326

Cenovus Energy Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
NetIncomeFromContinuingOperations 8002961,003167174358-55222568321
CF_DDA 369406413444466416440409449431
ChangeInWorkingCapital 42-9062-74-42-89133-402-7497
CF_DeferredTax 1981126738391283132199131
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -467328-7792991670368150-11811
Cash Flow from Operations 9421,0527668748038129174111,024992
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