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Energy Transfer Partners LP (NYSE:ETP)
Cash Flow from Operations
$2,747 Mil (TTM As of Dec. 2015)

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. 2015, Energy Transfer Partners LP's Net Income From Continuing Operations was $21 Mil. Its DDA was $478 Mil. Its Change In Working Capital was $-445 Mil. Its cash flow from deferred tax was $180 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $20 Mil. And its Cash Flow from Others was $500 Mil. In all, Energy Transfer Partners LP's Cash Flow from Operations for the three months ended in Dec. 2015 was $754 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. 2015 is calculated as:

Energy Transfer Partners LP's Cash Flow from Operations for the quarter that ended in Dec. 2015 is

Energy Transfer Partners LP Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2015 was 506 (Mar. 2015 ) + 627 (Jun. 2015 ) + 860 (Sep. 2015 ) + 754 (Dec. 2015 ) = $2,747 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. 2015 was $21 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. 2015 was $478 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. 2015 was $-445 Mil. It means Energy Transfer Partners LP's working capital declined by $445 Mil from Sep. 2015 to Dec. 2015 .

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. 2015 was $180 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. 2015 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. 2015 was $20 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. 2015 was $500 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

Aug06Aug07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
NetIncomeFromContinuingOperations 5166768667926176971,6487681,5531,521
CF_DDA 1201832683133434316561,0321,1301,929
ChangeInWorkingCapital -9824175-324125166-475-146-264-1,367
CF_DeferredTax -4-4-512646248-47202
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 002325283742475879
Cash Flow from Others 1016319829-735624128383
Cash Flow from Operations 5441,1131,2588271,2021,3441,1982,3732,5582,747

Energy Transfer Partners LP Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
NetIncomeFromContinuingOperations 404-495491539514-24530879939321
CF_DDA 253532266530410463322658471478
ChangeInWorkingCapital -184303159202-336-345-181-75716-445
CF_DeferredTax 176-201-107-547162158-57180
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 12181418181816271620
Cash Flow from Others -83728-141-1742379420-15821500
Cash Flow from Operations 5788856821,110676701506627860754
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