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United Continental Holdings Inc (NYSE:UAL)
Cash Flow from Operations
$2,634 Mil (TTM As of Dec. 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 Dec. 2014, United Continental Holdings Inc's Net Income From Continuing Operations was $1,132 Mil. Its DDA was $1,679 Mil. Its Change In Working Capital was $-247 Mil. Its cash flow from deferred tax was $13 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $0 Mil. And its Cash Flow from Others was $-2,675 Mil. In all, United Continental Holdings Inc's Cash Flow from Operations for the three months ended in Dec. 2014 was $-98 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.

United Continental Holdings Inc's Cash Flow from Operations for the fiscal year that ended in Dec. 2014 is calculated as:

United Continental Holdings Inc's Cash Flow from Operations for the quarter that ended in Dec. 2014 is

United Continental Holdings Inc Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2014 was 694 (Mar. 2014 ) + 1464 (Jun. 2014 ) + 574 (Sep. 2014 ) + -98 (Dec. 2014 ) = $2,634 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.

United Continental Holdings Inc's net income from continuing operations for the three months ended in Dec. 2014 was $1,132 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

United Continental Holdings Inc's depreciation, depletion and amortization for the three months ended in Dec. 2014 was $1,679 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.

United Continental Holdings Inc's change in working capital for the three months ended in Dec. 2014 was $-247 Mil. It means United Continental Holdings Inc's working capital declined by $247 Mil from Sep. 2014 to Dec. 2014 .

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

United Continental Holdings Inc's cash flow from deferred tax for the three months ended in Dec. 2014 was $13 Mil.

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

United Continental Holdings Inc's cash flow from discontinued operations for the three months ended in Dec. 2014 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.

United Continental Holdings Inc's stock based compensation for the three months ended in Dec. 2014 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).

United Continental Holdings Inc's cash flow from others for the three months ended in Dec. 2014 was $-2,675 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.

United Continental Holdings Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
NetIncomeFromContinuingOperations 025403-5,396-651253840-7235711,132
CF_DDA 87309259329171,0791,5471,5221,6891,679
ChangeInWorkingCapital 00310-246-1029173-151-870-247
CF_DeferredTax 021310-26-16-10-613-1413
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0049312114171400
Cash Flow from Others 2061,5161373,466705280-632606857
Cash Flow from Operations 1,0791,5622,134-1,2399661,9072,4089351,4442,634

United Continental Holdings Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
NetIncomeFromContinuingOperations 0-7230005710001,132
CF_DDA 01,5220001,6890001,679
ChangeInWorkingCapital 0-151000-870000-247
CF_DeferredTax 013000-1400013
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 01400000000
Cash Flow from Others -238-5853931,148237-1,7106941,464574-2,675
Cash Flow from Operations -238903931,148237-3346941,464574-98
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