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Petroleo Brasileiro SA Petrobras (NYSE:PBR)
Cash Flow from Operations
$22,815 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 three months ended in Mar. 2014, Petroleo Brasileiro SA Petrobras's Net Income From Continuing Operations was $2,280 Mil. Its DDA was $3,013 Mil. Its Change In Working Capital was $-2,903 Mil. Its cash flow from deferred tax was $290 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $1,301 Mil. In all, Petroleo Brasileiro SA Petrobras's Cash Flow from Operations for the three months ended in Mar. 2014 was $3,981 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.

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

Petroleo Brasileiro SA Petrobras's Cash Flow from Operations for the quarter that ended in Mar. 2014 is

Petroleo Brasileiro SA Petrobras Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2014 was 7826 (Jun. 2013 ) + 6274 (Sep. 2013 ) + 4734 (Dec. 2013 ) + 3981 (Mar. 2014 ) = $22,815 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.

Petroleo Brasileiro SA Petrobras's net income from continuing operations for the three months ended in Mar. 2014 was $2,280 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

Petroleo Brasileiro SA Petrobras's depreciation, depletion and amortization for the three months ended in Mar. 2014 was $3,013 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.

Petroleo Brasileiro SA Petrobras's change in working capital for the three months ended in Mar. 2014 was $-2,903 Mil. It means Petroleo Brasileiro SA Petrobras's working capital declined by $2,903 Mil from Dec. 2013 to Mar. 2014 .

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

Petroleo Brasileiro SA Petrobras's cash flow from deferred tax for the three months ended in Mar. 2014 was $290 Mil.

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

Petroleo Brasileiro SA Petrobras's cash flow from discontinued operations for the three 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).

Petroleo Brasileiro SA Petrobras's cash flow from others for the three months ended in Mar. 2014 was $1,301 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.

Petroleo Brasileiro SA Petrobras Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 6,19010,34413,29113,41117,73316,82320,05520,12111,03411,094
CF_DDA 2,4652,9183,6735,5445,9287,1888,30810,53511,11913,188
ChangeInWorkingCapital -1,5682851,6121,027-1,972-304-3,388-8,790-5,513-4,612
CF_DeferredTax 1172186801,0622,3558603,2993,5991,266402
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 9511,3501,8211,6204,1763531,8368,2339,9826,217
Cash Flow from Operations 8,15515,11521,07722,66428,22024,92030,11033,69827,88826,289

Petroleo Brasileiro SA Petrobras Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
NetIncomeFromContinuingOperations 4,6659,214-4,6872,7443,7633,8542,9961,4842,7602,280
CF_DDA 4,0634,7496452,8472,8783,1983,3743,3203,2963,013
ChangeInWorkingCapital -3,509-1,551-1,861-9-2,092-1,191-1,692-1,486-243-2,903
CF_DeferredTax 1,8442,331-1,286881-6601,0631,478881-3,020290
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 3,6493436,2471,6061,7865311,6702,0751,9411,301
Cash Flow from Operations 10,71215,086-9428,0695,6757,4557,8266,2744,7343,981
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