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Starbucks Corp (FRA:SRB)
Cash Flow from Operations
€420 Mil (TTM As of Mar. 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 Mar. 2014, Starbucks Corp's Net Income From Continuing Operations was €309 Mil. Its DDA was €133 Mil. Its Change In Working Capital was €-166 Mil. Its cash flow from deferred tax was €0 Mil. Its Cash Flow from Discontinued Operations was €0 Mil. And its Cash Flow from Others was €26 Mil. In all, Starbucks Corp's Cash Flow from Operations for the three months ended in Mar. 2014 was €303 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 Corp'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 Corp's Cash Flow from Operations for the quarter that ended in Mar. 2014 is

Cash Flow from Operations(Q: Mar. 2014 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=309.123823316+133.309196235+-165.894279508+0.289645184649
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+26.1404779146
=303

Starbucks Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2014 was 508.250572956 (Jun. 2013 ) + 638.196480938 (Sep. 2013 ) + -1029.29515419 (Dec. 2013 ) + 302.968863143 (Mar. 2014 ) = €420 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 Corp's net income from continuing operations for the three months ended in Mar. 2014 was €309 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 Corp's depreciation, depletion and amortization for the three months ended in Mar. 2014 was €133 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 Corp's change in working capital for the three months ended in Mar. 2014 was €-166 Mil. It means Starbucks Corp's working capital declined by €166 Mil from Dec. 2013 to Mar. 2014 .

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

Starbucks Corp's cash flow from deferred tax for the three months ended in Mar. 2014 was €0 Mil.

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

Starbucks Corp's cash flow from discontinued operations for the three months ended in Mar. 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).

Starbucks Corp's cash flow from others for the three months ended in Mar. 2014 was €26 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 Corp 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 Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
NetIncomeFromContinuingOperations 296236271277325300319-903397309
CF_DDA 111110114118118124123129132133
ChangeInWorkingCapital -93-2944833324-17246153-1,619-166
CF_DeferredTax 2311-92113-188-770260
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 23202431230122,0293426
Cash Flow from Operations 36183449481802234508638-1,029303
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