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Pengrowth Energy Corp (NYSE:PGH)
Cash Flow from Operations
$610 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, Pengrowth Energy Corp's Net Income From Continuing Operations was $-83 Mil. Its DDA was $124 Mil. Its Change In Working Capital was $6 Mil. Its cash flow from deferred tax was $-17 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $86 Mil. In all, Pengrowth Energy Corp's Cash Flow from Operations for the three months ended in Dec. 2013 was $115 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.

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

Cash Flow from Operations(A: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=-289.670932358+543.967093236+10.4204753199+-66.9104204753
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+384.277879342
=582

Pengrowth Energy Corp's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

Cash Flow from Operations(Q: Dec. 2013 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=-83.2723948812+123.9488117+6.21572212066+-17.0018281536
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+85.5575868373
=115

Pengrowth Energy Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 138.609421001 (Mar. 2013 ) + 200.755769231 (Jun. 2013 ) + 154.826254826 (Sep. 2013 ) + 115.447897623 (Dec. 2013 ) = $610 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.

Pengrowth Energy Corp's net income from continuing operations for the three months ended in Dec. 2013 was $-83 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

Pengrowth Energy Corp's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $124 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.

Pengrowth Energy Corp's change in working capital for the three months ended in Dec. 2013 was $6 Mil. It means Pengrowth Energy Corp's working capital increased by $6 Mil from Sep. 2013 to Dec. 2013 .

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

Pengrowth Energy Corp's cash flow from deferred tax for the three months ended in Dec. 2013 was $-17 Mil.

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

Pengrowth Energy Corp'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).

Pengrowth Energy Corp's cash flow from others for the three months ended in Dec. 2013 was $86 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.

Pengrowth Energy Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 126282223356484811018313-290
CF_DDA 225278343687517591453448592544
ChangeInWorkingCapital 18-21-1622-311119-4410
CF_DeferredTax 1311-12-262-59-13717222-32-67
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -34-45-6227-21924-4611229384
Cash Flow from Operations 330534471792745528691684558582

Pengrowth Energy Corp Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations -0-9136-24-1-64-51-104-83
CF_DDA 114120118130170172157153136124
ChangeInWorkingCapital 15171-32-131-2141-176
CF_DeferredTax 16-13-3-7-12-10-17-5-31-17
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 318710-512547836317086
Cash Flow from Operations 17620212775146209139201155115
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