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HollyFrontier Corp (NYSE:HFC)
Cash Flow from Operations
$869 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, HollyFrontier Corp's Net Income From Continuing Operations was $70 Mil. Its DDA was $79 Mil. Its Change In Working Capital was $-129 Mil. Its cash flow from deferred tax was $67 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $-20 Mil. In all, HollyFrontier Corp's Cash Flow from Operations for the three months ended in Dec. 2013 was $67 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.

HollyFrontier Corp's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

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

HollyFrontier Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 248.563 (Mar. 2013 ) + 202.952 (Jun. 2013 ) + 350.648 (Sep. 2013 ) + 67.011 (Dec. 2013 ) = $869 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.

HollyFrontier Corp's net income from continuing operations for the three months ended in Dec. 2013 was $70 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

HollyFrontier Corp's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $79 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.

HollyFrontier Corp's change in working capital for the three months ended in Dec. 2013 was $-129 Mil. It means HollyFrontier Corp's working capital declined by $129 Mil from Sep. 2013 to Dec. 2013 .

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

HollyFrontier Corp's cash flow from deferred tax for the three months ended in Dec. 2013 was $67 Mil.

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

HollyFrontier Corp'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).

HollyFrontier Corp's cash flow from others for the three months ended in Dec. 2013 was $-20 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.

HollyFrontier Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 84168267334127531331,0601,760768
CF_DDA 4044404364100118160243303
ChangeInWorkingCapital 2536-4815-374425147-398-157
CF_DeferredTax -25-6823333824-995114
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 4110-217-31-23-16-19-38-160
Cash Flow from Operations 1652512454231552122831,3381,663869

HollyFrontier Corp Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 5317672475026114003432668970
CF_DDA 43535657656572708279
ChangeInWorkingCapital 61-20-68-33883-76-32-9094-129
CF_DeferredTax 8-13-2-02573-2195967
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -13-53821-46-4229-114-5227-20
Cash Flow from Operations 63124925417674249124920335167
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