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Walt Disney Co (NYSE:DIS)
Cash Flow from Operations
$12,714 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, Walt Disney Co's Net Income From Continuing Operations was $2,712 Mil. Its DDA was $626 Mil. Its Change In Working Capital was $19 Mil. Its cash flow from deferred tax was $88 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $100 Mil. And its Cash Flow from Others was $79 Mil. In all, Walt Disney Co's Cash Flow from Operations for the three months ended in Jun. 2016 was $3,624 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.

Walt Disney Co's Cash Flow from Operations for the fiscal year that ended in Sep. 2015 is calculated as:

Walt Disney Co's Cash Flow from Operations for the quarter that ended in Jun. 2016 is

Walt Disney Co Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2016 was 3328 (Sep. 2015 ) + 2362 (Dec. 2015 ) + 3400 (Mar. 2016 ) + 3624 (Jun. 2016 ) = $12,714 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.

Walt Disney Co's net income from continuing operations for the three months ended in Jun. 2016 was $2,712 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

Walt Disney Co's depreciation, depletion and amortization for the three months ended in Jun. 2016 was $626 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.

Walt Disney Co's change in working capital for the three months ended in Jun. 2016 was $19 Mil. It means Walt Disney Co's working capital increased by $19 Mil from Mar. 2016 to Jun. 2016 .

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

Walt Disney Co's cash flow from deferred tax for the three months ended in Jun. 2016 was $88 Mil.

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

Walt Disney Co'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.

Walt Disney Co's stock based compensation for the three months ended in Jun. 2016 was $100 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).

Walt Disney Co's cash flow from others for the three months ended in Jun. 2016 was $79 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.

Walt Disney Co Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
NetIncomeFromContinuingOperations 3,3744,6874,7293,6094,3135,2586,1736,6368,0048,852
CF_DDA 1,4371,4911,5821,6311,7131,8411,9872,1922,2882,354
ChangeInWorkingCapital 941-36-549-456-266-1,139-1,091103-272129
CF_DeferredTax -139-260-12832313312747292517-102
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 00402457391423408402408410
Cash Flow from Others 445-461-590-2452944841727-1,165-734
Cash Flow from Operations 6,0585,4215,4465,3196,5786,9947,9669,4529,78010,909

Walt Disney Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
NetIncomeFromContinuingOperations 2,0562,4191,6252,2442,2282,6391,7412,9102,2762,712
CF_DDA 580557590592584575603607605626
ChangeInWorkingCapital 15050357-1,645338459977-2,36683719
CF_DeferredTax 261128213290-88-3696555124688
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 1121001001041099610110699100
Cash Flow from Others -632-318220270-253-592-159554-66379
Cash Flow from Operations 2,5272,9363,1051,8552,9182,8083,3282,3623,4003,624
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