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Corning Inc (NYSE:GLW)
Cash Flow from Operations
$3,377 Mil (TTM As of Jun. 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 Jun. 2015, Corning Inc's Net Income From Continuing Operations was $496 Mil. Its DDA was $299 Mil. Its Change In Working Capital was $-77 Mil. Its cash flow from deferred tax was $36 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $15 Mil. And its Cash Flow from Others was $-222 Mil. In all, Corning Inc's Cash Flow from Operations for the three months ended in Jun. 2015 was $547 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.

Corning Inc's Cash Flow from Operations for the fiscal year that ended in Dec. 2014 is calculated as:

Corning Inc's Cash Flow from Operations for the quarter that ended in Jun. 2015 is

Corning Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2015 was 1117 (Sep. 2014 ) + 1112 (Dec. 2014 ) + 601 (Mar. 2015 ) + 547 (Jun. 2015 ) = $3,377 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.

Corning Inc's net income from continuing operations for the three months ended in Jun. 2015 was $496 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

Corning Inc's depreciation, depletion and amortization for the three months ended in Jun. 2015 was $299 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.

Corning Inc's change in working capital for the three months ended in Jun. 2015 was $-77 Mil. It means Corning Inc's working capital declined by $77 Mil from Mar. 2015 to Jun. 2015 .

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

Corning Inc's cash flow from deferred tax for the three months ended in Jun. 2015 was $36 Mil.

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

Corning Inc's cash flow from discontinued operations for the three months ended in Jun. 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.

Corning Inc's stock based compensation for the three months ended in Jun. 2015 was $15 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).

Corning Inc's cash flow from others for the three months ended in Jun. 2015 was $-222 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.

Corning Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
NetIncomeFromContinuingOperations 5851,8552,1505,2572,0083,5582,8051,6361,9612,472
CF_DDA 5125916076957928549579971,0021,200
ChangeInWorkingCapital 66-192-140-33152-88-332-187-265-33
CF_DeferredTax 425-101-98-2,594-2186811518189612
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 001381181279286705458
Cash Flow from Others 351-350-580-1,315-784-649-442672-154400
Cash Flow from Operations 1,9391,8032,0772,1282,0773,8353,1893,2062,7874,709

Corning Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
NetIncomeFromContinuingOperations 4946384084213011691,014988407496
CF_DDA 255250248249297302303298291299
ChangeInWorkingCapital -235-276-130376-36713-4325-293-77
CF_DeferredTax -3014922482281311198036
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 11141514151319111015
Cash Flow from Others 128-386-721761,469165-526-708186-222
Cash Flow from Operations 6233894911,2841,7377431,1171,112601547
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