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Starbucks Corporation (FRA:SRB)
Cash Flow from Operations
€351 Mil (TTM As of Dec. 2013)

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. 2013, Starbucks Corporation's Net Income From Continuing Operations was €397 Mil. Its DDA was €132 Mil. Its Change In Working Capital was €-1,619 Mil. Its cash flow from deferred tax was €26 Mil. Its Cash Flow from Discontinued Operations was €0 Mil. And its Cash Flow from Others was €34 Mil. In all, Starbucks Corporation's Cash Flow from Operations for the three months ended in Dec. 2013 was €-1,029 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.

Starbucks Corporation's Cash Flow from Operations for the fiscal year that ended in Sep. 2013 is calculated as:

Cash Flow from Operations(A: Sep. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=6.45161290323+480.64516129+349.486803519+-766.788856305
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+2062.39002933
=2,132

Starbucks Corporation's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

Cash Flow from Operations(Q: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=396.989720999+132.232011747+-1618.57562408+26.2114537445
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+33.8472834068
=-1,029

Starbucks Corporation Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 234.049079755 (Mar. 2013 ) + 508.250572956 (Jun. 2013 ) + 638.196480938 (Sep. 2013 ) + -1029.29515419 (Dec. 2013 ) = €351 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.

Starbucks Corporation's net income from continuing operations for the three months ended in Dec. 2013 was €397 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

Starbucks Corporation's depreciation, depletion and amortization for the three months ended in Dec. 2013 was €132 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.

Starbucks Corporation's change in working capital for the three months ended in Dec. 2013 was €-1,619 Mil. It means Starbucks Corporation's working capital declined by €1,619 Mil from Sep. 2013 to Dec. 2013 .

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

Starbucks Corporation's cash flow from deferred tax for the three months ended in Dec. 2013 was €26 Mil.

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

Starbucks Corporation's cash flow from discontinued operations for the three months ended in Dec. 2013 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).

Starbucks Corporation's cash flow from others for the three months ended in Dec. 2013 was €34 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.

Starbucks Corporation Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
NetIncomeFromContinuingOperations 3114114474732382646829081,0686
CF_DDA 260314328346456380389400448481
ChangeInWorkingCapital 51-241761125715578-256-311349
CF_DeferredTax -3-26-67-26-88-47-307747-767
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 7092123128718510744992,062
Cash Flow from Operations 6897688969369499381,2261,1741,3492,132

Starbucks Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 261296236271277325300319-903397
CF_DDA 103111110114118118124123129132
ChangeInWorkingCapital -18-93-2944833324-17246153-1,619
CF_DeferredTax 352311-92113-188-77026
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -2823202431230122,02934
Cash Flow from Operations 35336183449481802234508638-1,029
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