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First Solar Inc (NAS:FSLR)
Cash Flow from Operations
$-361 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, First Solar Inc's Net Income From Continuing Operations was $164 Mil. Its DDA was $64 Mil. Its Change In Working Capital was $-176 Mil. Its cash flow from deferred tax was $-10 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $12 Mil. And its Cash Flow from Others was $-1 Mil. In all, First Solar Inc's Cash Flow from Operations for the three months ended in Dec. 2015 was $53 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.

First Solar Inc's Cash Flow from Operations for the fiscal year that ended in Dec. 2015 is calculated as:

First Solar Inc's Cash Flow from Operations for the quarter that ended in Dec. 2015 is

First Solar Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2015 was -417.915 (Mar. 2015 ) + -17.103 (Jun. 2015 ) + 21.002 (Sep. 2015 ) + 53.097 (Dec. 2015 ) = $-361 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.

First Solar Inc's net income from continuing operations for the three months ended in Dec. 2015 was $164 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

First Solar Inc's depreciation, depletion and amortization for the three months ended in Dec. 2015 was $64 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.

First Solar Inc's change in working capital for the three months ended in Dec. 2015 was $-176 Mil. It means First Solar Inc's working capital declined by $176 Mil from Sep. 2015 to Dec. 2015 .

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

First Solar Inc's cash flow from deferred tax for the three months ended in Dec. 2015 was $-10 Mil.

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

First Solar Inc'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.

First Solar Inc's stock based compensation for the three months ended in Dec. 2015 was $12 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).

First Solar Inc's cash flow from others for the three months ended in Dec. 2015 was $-1 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.

First Solar Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
NetIncomeFromContinuingOperations 4158348640664-39-96351396546
CF_DDA 102460130156235263234246258
ChangeInWorkingCapital -277033-144-92-537204191-7-1,165
CF_DeferredTax 0-56-13-35-58-15615-2114-18
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 00598410011437554445
Cash Flow from Others 139-241-6434934147-12-27
Cash Flow from Operations -1206463675705-33762856681-361

First Solar Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
NetIncomeFromContinuingOperations 63112586193-6294350164171
CF_DDA 6161636063636665640
ChangeInWorkingCapital 46-51277-260689-468-121-401-1760
CF_DeferredTax -2114-3459-2428-5318-100
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 16138111212912120
Cash Flow from Others 26-50-2-58-12-23-1-171
Cash Flow from Operations 192-318118-47928-418-1721530
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