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National Grid PLC (NYSE:NGG)
Cash Flow from Operations
$7,484 Mil (TTM As of Mar. 2015)

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. 2015, National Grid PLC's Net Income From Continuing Operations was $0 Mil. Its DDA was $1,155 Mil. Its Change In Working Capital was $-353 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 $3,054 Mil. In all, National Grid PLC's Cash Flow from Operations for the six months ended in Mar. 2015 was $3,857 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. 2015 is calculated as:

National Grid PLC's Cash Flow from Operations for the quarter that ended in Mar. 2015 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. 2015 was $7,484 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. 2015 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. 2015 was $1,155 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. 2015 was $-353 Mil. It means National Grid PLC's working capital declined by $353 Mil from Sep. 2014 to Mar. 2015 .

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. 2015 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. 2015 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.

National Grid PLC's stock based compensation for the six months ended in Mar. 2015 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).

National Grid PLC's cash flow from others for the six months ended in Mar. 2015 was $3,054 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 own currency.

National Grid PLC Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
NetIncomeFromContinuingOperations 4,2604,8895,9283,7154,9596,0500000
CF_DDA 1,6611,6951,9881,5891,7892,0112,0282,0532,3542,233
ChangeInWorkingCapital -370247-30076649-342-563-1,314-884-15
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. -100000000000
Stock Based Compensation 029363138403830330
Cash Flow from Others -267-1,105-1,322-578-634895,1874,8875,1735,266
Cash Flow from Operations 5,1855,7556,3304,8346,8017,8486,6905,6566,6767,484

National Grid PLC Semi-Annual Data

Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14Sep14Mar15
NetIncomeFromContinuingOperations 0000000000
CF_DDA 9661,0119761,0491,0661,0561,0971,2081,1741,155
ChangeInWorkingCapital -321-10-394-168-642-713-496-365368-353
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 1723211721111320150
Cash Flow from Others 2,3653,6902,1343,0462,2872,7482,0922,9872,3963,054
Cash Flow from Operations 3,0274,7142,7373,9452,7323,1012,7063,8493,9533,857
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