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National Grid PLC (NYSE:NGG)
Cash Flow from Operations
$6,732 Mil (TTM As of Mar. 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 six months ended in Mar. 2014, National Grid PLC's Net Income From Continuing Operations was $0 Mil. Its DDA was $1,218 Mil. Its Change In Working Capital was $-369 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $3,032 Mil. In all, National Grid PLC's Cash Flow from Operations for the six months ended in Mar. 2014 was $3,881 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.

National Grid PLC's Cash Flow from Operations for the fiscal year that ended in Mar. 2014 is calculated as:

National Grid PLC's Cash Flow from Operations for the quarter that ended in Mar. 2014 is

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2014 was $6,732 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.

National Grid PLC's net income from continuing operations for the six months ended in Mar. 2014 was $0 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

National Grid PLC's depreciation, depletion and amortization for the six months ended in Mar. 2014 was $1,218 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.

National Grid PLC's change in working capital for the six months ended in Mar. 2014 was $-369 Mil. It means National Grid PLC's working capital declined by $369 Mil from Sep. 2013 to Mar. 2014 .

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

National Grid PLC's cash flow from deferred tax for the six months ended in Mar. 2014 was $0 Mil.

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

National Grid PLC's cash flow from discontinued operations for the six months ended in Mar. 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).

National Grid PLC's cash flow from others for the six months ended in Mar. 2014 was $3,032 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.

National Grid PLC Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
NetIncomeFromContinuingOperations 04,3134,9965,8693,8575,0516,129000
CF_DDA 01,6821,7321,9681,6501,8222,0382,0512,0842,374
ChangeInWorkingCapital 0-375252-29779661-347-570-1,334-891
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0-10100000000
Cash Flow from Others 3,806-270-1,099-1,273-568-6071315,2834,9925,250
Cash Flow from Operations 3,8065,2495,8816,2675,0196,9267,9516,7655,7436,732

National Grid PLC Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
NetIncomeFromContinuingOperations 2,2762,89700000000
CF_DDA 9489259831,0259761,0611,0631,0721,1111,218
ChangeInWorkingCapital 533156-327-10-394-170-640-724-502-369
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -1,1674972,4243,7612,1553,0982,3012,8012,1323,032
Cash Flow from Operations 2,5904,4753,0794,7762,7373,9892,7233,1492,7413,881
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