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VF Corp (NYSE:VFC)
Cash Flow from Operations
$1,478 Mil (TTM As of Dec. 2016)

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. 2016, VF Corp's Net Income From Continuing Operations was $264 Mil. Its DDA was $76 Mil. Its Change In Working Capital was $1,055 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $13 Mil. And its Cash Flow from Others was $27 Mil. In all, VF Corp's Cash Flow from Operations for the three months ended in Dec. 2016 was $1,435 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.

VF Corp's Cash Flow from Operations for the fiscal year that ended in Dec. 2016 is calculated as:

VF Corp's Cash Flow from Operations for the quarter that ended in Dec. 2016 is

VF Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2016 was -145.586 (Mar. 2016 ) + 157.36 (Jun. 2016 ) + 31.594 (Sep. 2016 ) + 1434.551 (Dec. 2016 ) = $1,478 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

VF Corp's net income from continuing operations for the three months ended in Dec. 2016 was $264 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

VF Corp's depreciation, depletion and amortization for the three months ended in Dec. 2016 was $76 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.

VF Corp's change in working capital for the three months ended in Dec. 2016 was $1,055 Mil. It means VF Corp's working capital increased by $1,055 Mil from Sep. 2016 to Dec. 2016 .

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

VF Corp's cash flow from deferred tax for the three months ended in Dec. 2016 was $0 Mil.

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

VF Corp's cash flow from discontinued operations for the three months ended in Dec. 2016 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.

VF Corp's stock based compensation for the three months ended in Dec. 2016 was $13 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).

VF Corp's cash flow from others for the three months ended in Dec. 2016 was $27 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 local exchange's currency.

VF Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
NetIncomeFromContinuingOperations 5926034585748901,0861,2101,0481,2321,074
CF_DDA 141166170173199238253275272282
ChangeInWorkingCapital -4-15122890-165-35-3425-293-149
CF_DeferredTax -42455-92-11-21-12-787-72
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 03236647793871047368
Cash Flow from Others 9652619392-862388-88275
Cash Flow from Operations 8216789731,0011,0811,2751,5061,7621,2031,478

VF Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
NetIncomeFromContinuingOperations 47112228917146031226051498264
CF_DDA 69746663697468696876
ChangeInWorkingCapital -511983-538-107-615966-488-103-6131,055
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 2427262423021201313
Cash Flow from Others 95189-244-435131-71196527
Cash Flow from Operations 1471,395-401148-271,484-146157321,435
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