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Spirit Airlines Inc (NAS:SAVE)
Cash Flow from Operations
$195 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, Spirit Airlines Inc's Net Income From Continuing Operations was $177 Mil. Its DDA was $32 Mil. Its Change In Working Capital was $-31 Mil. Its cash flow from deferred tax was $12 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $-168 Mil. In all, Spirit Airlines Inc's Cash Flow from Operations for the three months ended in Dec. 2013 was $22 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.

Spirit Airlines Inc's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Spirit Airlines Inc's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

Spirit Airlines Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 85.193 (Mar. 2013 ) + 49.067 (Jun. 2013 ) + 39.371 (Sep. 2013 ) + 21.745 (Dec. 2013 ) = $195 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.

Spirit Airlines Inc's net income from continuing operations for the three months ended in Dec. 2013 was $177 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

Spirit Airlines Inc's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $32 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.

Spirit Airlines Inc's change in working capital for the three months ended in Dec. 2013 was $-31 Mil. It means Spirit Airlines Inc's working capital declined by $31 Mil from Sep. 2013 to Dec. 2013 .

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

Spirit Airlines Inc's cash flow from deferred tax for the three months ended in Dec. 2013 was $12 Mil.

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

Spirit Airlines Inc'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).

Spirit Airlines Inc's cash flow from others for the three months ended in Dec. 2013 was $-168 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.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 000033847276108177
CF_DDA 000085681532
ChangeInWorkingCapital 0000-100-36-3821-34-31
CF_DeferredTax 000000-53442912
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 00007173922-66
Cash Flow from Operations 0000-526927171114195

Spirit Airlines Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 076000108000177
CF_DDA 080001500032
ChangeInWorkingCapital 021000-34000-31
CF_DeferredTax 0440002900012
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 112-1288018-9-95854939-168
Cash Flow from Operations 112228018-92585493922
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