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GuruFocus has detected 4 Warning Signs with Kimco Realty Corp $KIM.
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Kimco Realty Corp (NYSE:KIM)
Cash Flow from Operations
$476 Mil (TTM As of Sep. 2016)

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. 2016, Kimco Realty Corp's Net Income From Continuing Operations was $-42 Mil. Its DDA was $97 Mil. Its Change In Working Capital was $73 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $0 Mil. And its Cash Flow from Others was $100 Mil. In all, Kimco Realty Corp's Cash Flow from Operations for the three months ended in Sep. 2016 was $229 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.

Kimco Realty Corp's Cash Flow from Operations for the fiscal year that ended in Dec. 2015 is calculated as:

Kimco Realty Corp's Cash Flow from Operations for the quarter that ended in Sep. 2016 is

Kimco Realty Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2016 was 31.059 (Dec. 2015 ) + 136.956 (Mar. 2016 ) + 78.891 (Jun. 2016 ) + 228.679 (Sep. 2016 ) = $476 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Kimco Realty Corp's net income from continuing operations for the three months ended in Sep. 2016 was $-42 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

Kimco Realty Corp's depreciation, depletion and amortization for the three months ended in Sep. 2016 was $97 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.

Kimco Realty Corp's change in working capital for the three months ended in Sep. 2016 was $73 Mil. It means Kimco Realty Corp's working capital increased by $73 Mil from Jun. 2016 to Sep. 2016 .

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

Kimco Realty Corp's cash flow from deferred tax for the three months ended in Sep. 2016 was $0 Mil.

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

Kimco Realty Corp's cash flow from discontinued operations for the three months ended in Sep. 2016 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.

Kimco Realty Corp's stock based compensation for the three months ended in Sep. 2016 was $0 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).

Kimco Realty Corp's cash flow from others for the three months ended in Sep. 2016 was $100 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 local exchange's currency.

Kimco Realty Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
NetIncomeFromContinuingOperations 35624911162182280241436900299
CF_DDA 191207228248251263258273345355
ChangeInWorkingCapital -81-54-96-29-35-59-71-62-1030
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 00000181918180
Cash Flow from Others 20016626110050-23123-35-6670
Cash Flow from Operations 6665684044804494795706294940

Kimco Realty Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
NetIncomeFromContinuingOperations 1975131312881379142205-4270
CF_DDA 717375801048685839791
ChangeInWorkingCapital 16-595-4314-78-19-88730
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 3384008400
Cash Flow from Others -10351-237-46-22-356-79-1251000
Cash Flow from Operations 18411916312317731137792290
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