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Itau Unibanco Holding SA (NYSE:ITUB)
Cash Flow from Operations
$12,981 Mil (TTM As of Sep. 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 Sep. 2014, Itau Unibanco Holding SA's Net Income From Continuing Operations was $2,560 Mil. Its DDA was $274 Mil. Its Change In Working Capital was $-4,845 Mil. Its cash flow from deferred tax was $-431 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $1,775 Mil. In all, Itau Unibanco Holding SA's Cash Flow from Operations for the three months ended in Sep. 2014 was $-668 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.

Itau Unibanco Holding SA's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Cash Flow from Operations(A: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=7039.62505326+994.034938219+-6466.1269706+341.286749041
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+11951.4273541
=13,860

Itau Unibanco Holding SA's Cash Flow from Operations for the quarter that ended in Sep. 2014 is

Cash Flow from Operations(Q: Sep. 2014 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=2559.56200009+274.177680825+-4845.37405364+-431.15616579
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+1774.66957526
=-668

Itau Unibanco Holding SA Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2014 was -328.930549638 (Dec. 2013 ) + 16852.4731183 (Mar. 2014 ) + -2874.32915921 (Jun. 2014 ) + -668.120963258 (Sep. 2014 ) = $12,981 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.

Itau Unibanco Holding SA's net income from continuing operations for the three months ended in Sep. 2014 was $2,560 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

Itau Unibanco Holding SA's depreciation, depletion and amortization for the three months ended in Sep. 2014 was $274 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.

Itau Unibanco Holding SA's change in working capital for the three months ended in Sep. 2014 was $-4,845 Mil. It means Itau Unibanco Holding SA's working capital declined by $4,845 Mil from Jun. 2014 to Sep. 2014 .

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

Itau Unibanco Holding SA's cash flow from deferred tax for the three months ended in Sep. 2014 was $-431 Mil.

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

Itau Unibanco Holding SA's cash flow from discontinued operations for the three months ended in Sep. 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).

Itau Unibanco Holding SA's cash flow from others for the three months ended in Sep. 2014 was $1,775 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.

Itau Unibanco Holding SA Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 1,7072,3892,7384,2922,0378,3457,3677,9456,3487,040
CF_DDA 3224605639248172,8061,2641,1791,054994
ChangeInWorkingCapital -1,725-1,725-4,013-6,654-10,52713,827-41,847-27,527-2,970-6,466
CF_DeferredTax 207178263874-1,2591,926881-1,803567341
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 2751,0472,1141,7093,6375,52414,13316,16018,40511,951
Cash Flow from Operations 7872,3491,6651,145-5,29532,427-18,203-4,04623,40413,860

Itau Unibanco Holding SA Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
NetIncomeFromContinuingOperations 1,6251,7041,4101,7591,7341,9082,1071,9792,1662,560
CF_DDA 281266271283273254256265271274
ChangeInWorkingCapital -11,072-862-6,421-7,4439,751-2,158-5,8197,144-11,263-4,845
CF_DeferredTax -1,005-3682,327-276-890-4431,826-19693-431
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 4,4084,3384,9295,5413,6771,3061,3007,6615,8591,775
Cash Flow from Operations -5,7635,0782,516-13614,546867-32916,852-2,874-668
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