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Energy Transfer Partners LP (NYSE:ETP)
Cash Flow from Operations
$2,558 Mil (TTM As of Dec. 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 Dec. 2014, Energy Transfer Partners LP's Net Income From Continuing Operations was $0 Mil. Its DDA was $307 Mil. Its Change In Working Capital was $-214 Mil. Its cash flow from deferred tax was $19 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $16 Mil. And its Cash Flow from Others was $436 Mil. In all, Energy Transfer Partners LP's Cash Flow from Operations for the three months ended in Dec. 2014 was $564 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.

Energy Transfer Partners LP's Cash Flow from Operations for the fiscal year that ended in Dec. 2014 is calculated as:

Energy Transfer Partners LP's Cash Flow from Operations for the quarter that ended in Dec. 2014 is

Energy Transfer Partners LP Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2014 was 682 (Mar. 2014 ) + 891 (Jun. 2014 ) + 421 (Sep. 2014 ) + 564 (Dec. 2014 ) = $2,558 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.

Energy Transfer Partners LP's net income from continuing operations for the three months ended in Dec. 2014 was $0 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

Energy Transfer Partners LP's depreciation, depletion and amortization for the three months ended in Dec. 2014 was $307 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.

Energy Transfer Partners LP's change in working capital for the three months ended in Dec. 2014 was $-214 Mil. It means Energy Transfer Partners LP's working capital declined by $214 Mil from Sep. 2014 to Dec. 2014 .

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

Energy Transfer Partners LP's cash flow from deferred tax for the three months ended in Dec. 2014 was $19 Mil.

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

Energy Transfer Partners LP's cash flow from discontinued operations for the three months ended in Dec. 2014 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.

Energy Transfer Partners LP's stock based compensation for the three months ended in Dec. 2014 was $16 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).

Energy Transfer Partners LP's cash flow from others for the three months ended in Dec. 2014 was $436 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.

Energy Transfer Partners LP Annual Data

Aug05Aug06Aug07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
NetIncomeFromContinuingOperations 34951667686679206971,64800
CF_DDA 991201832623133434056561,0321,130
ChangeInWorkingCapital -151-9824175-321125166-475-146-264
CF_DeferredTax 1-4-4-50046248-47
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 00025252838424758
Cash Flow from Others -1291016361870634-7351,3921,681
Cash Flow from Operations 1695441,1131,2588271,2021,3441,1982,3732,558

Energy Transfer Partners LP Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
NetIncomeFromContinuingOperations 6436142441340404915814470
CF_DDA 162237260251253268266268289307
ChangeInWorkingCapital -26-342-30326-184315159192-401-214
CF_DeferredTax 3422865176-201-107-44519
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 10111410121114131516
Cash Flow from Others 199-3-5046-83238-141-15926436
Cash Flow from Operations 443286353811578631682891421564
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