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Plains Exploration & Production Company (NYSE:PXP)
Cash Flow from Operations
$1,814 Mil (TTM As of Mar. 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 Mar. 2013, Plains Exploration & Production Company's Net Income From Continuing Operations was $32 Mil. Its DDA was $540 Mil. Its Change In Working Capital was $33 Mil. Its cash flow from deferred tax was $16 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $198 Mil. In all, Plains Exploration & Production Company's Cash Flow from Operations for the three months ended in Mar. 2013 was $819 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.

Plains Exploration & Production Company's Cash Flow from Operations for the fiscal year that ended in Dec. 2012 is calculated as:

Plains Exploration & Production Company's Cash Flow from Operations for the quarter that ended in Mar. 2013 is

Plains Exploration & Production Company Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2013 was 295.545 (Jun. 2012 ) + 415.621 (Sep. 2012 ) + 284.214 (Dec. 2012 ) + 818.723 (Mar. 2013 ) = $1,814 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.

Plains Exploration & Production Company's net income from continuing operations for the three months ended in Mar. 2013 was $32 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

Plains Exploration & Production Company's depreciation, depletion and amortization for the three months ended in Mar. 2013 was $540 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.

Plains Exploration & Production Company's change in working capital for the three months ended in Mar. 2013 was $33 Mil. It means Plains Exploration & Production Company's working capital increased by $33 Mil from Dec. 2012 to Mar. 2013 .

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

Plains Exploration & Production Company's cash flow from deferred tax for the three months ended in Mar. 2013 was $16 Mil.

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

Plains Exploration & Production Company's cash flow from discontinued operations for the three months ended in Mar. 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).

Plains Exploration & Production Company's cash flow from others for the three months ended in Mar. 2013 was $198 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.

Plains Exploration & Production Company Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
NetIncomeFromContinuingOperations 599-214598159-709136103207343
CF_DDA 521481882173166214075516821,118
ChangeInWorkingCapital -3436-195109-13451-181-11145-174
CF_DeferredTax 32-7-131243114-67536194160175
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 8177815-4911332,08310117517-131
Cash Flow from Operations 1183634636755881,3714999121,1111,331

Plains Exploration & Production Company Quarterly Data

Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
NetIncomeFromContinuingOperations -75671125-8899-73232-4422832
CF_DDA 158139155172216181254274408540
ChangeInWorkingCapital -2532-2727149-4746-18233
CF_DeferredTax 224787-2855-46154-239116
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 8351-52263-195265-298162-260198
Cash Flow from Operations 235290287345188335296416284819
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