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ArcelorMittal SA (NYSE:MT)
Cash Flow from Operations
$4,296 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, ArcelorMittal SA's Net Income From Continuing Operations was $-1,257 Mil. Its DDA was $1,123 Mil. Its Change In Working Capital was $-1,829 Mil. Its cash flow from deferred tax was $245 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $4,405 Mil. In all, ArcelorMittal SA's Cash Flow from Operations for the three months ended in Dec. 2013 was $2,687 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.

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

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

ArcelorMittal SA Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was -302 (Mar. 2013 ) + 2359 (Jun. 2013 ) + -448 (Sep. 2013 ) + 2687 (Dec. 2013 ) = $4,296 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.

ArcelorMittal SA's net income from continuing operations for the three months ended in Dec. 2013 was $-1,257 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

ArcelorMittal SA's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $1,123 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.

ArcelorMittal SA's change in working capital for the three months ended in Dec. 2013 was $-1,829 Mil. It means ArcelorMittal SA's working capital declined by $1,829 Mil from Sep. 2013 to Dec. 2013 .

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

ArcelorMittal SA's cash flow from deferred tax for the three months ended in Dec. 2013 was $245 Mil.

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

ArcelorMittal SA'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).

ArcelorMittal SA's cash flow from others for the three months ended in Dec. 2013 was $4,405 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.

ArcelorMittal SA Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 5,6253,7956,10611,85010,4981713,3351,956-3,469-2,575
CF_DDA 7341,1132,3244,5705,0454,5744,3954,6964,7024,695
ChangeInWorkingCapital -1,208-1,032-626793-11,1743,290-2,531-7,893-429-1,912
CF_DeferredTax 00001,128-4,432-1,479879-1,906215
Cash Flow from Disc. Op. 000000-12312300
Cash Flow from Others -851-2-682-6819,1553,6754182,0986,4423,873
Cash Flow from Operations 4,3003,8747,12216,53214,6527,2784,0151,8595,3404,296

ArcelorMittal SA Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 659-846921,016-652-3,925-345-780-193-1,257
CF_DDA 1,2401,1441,2071,1621,2921,0411,1611,1751,2361,123
ChangeInWorkingCapital -1,013-2,225-2891,381-307-1,214-5491,272-806-1,829
CF_DeferredTax -551,664-312-389-57-1,14836-50-16245
Cash Flow from Disc. Op. 012300000000
Cash Flow from Others -613,100-186-989-6078,137-605742-6694,405
Cash Flow from Operations 7702,9605122,181-3312,891-3022,359-4482,687
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