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Telefonica Brasil SA (NYSE:VIV)
Cash Flow from Operations
$3,963 Mil (TTM As of Jun. 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 Jun. 2014, Telefonica Brasil SA's Net Income From Continuing Operations was $18 Mil. Its DDA was $1,184 Mil. Its Change In Working Capital was $-537 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $464 Mil. In all, Telefonica Brasil SA's Cash Flow from Operations for the three months ended in Jun. 2014 was $1,128 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.

Telefonica Brasil SA'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
=41.1169321039+2365.17602682+-1478.16848282+0
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+3085.40444258
=4,014

Telefonica Brasil SA's Cash Flow from Operations for the quarter that ended in Jun. 2014 is

Cash Flow from Operations(Q: Jun. 2014 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=18.3237410072+1183.62859712+-537.151978417+0
+Cash Flow from Discontinued Operations+Cash Flow from Others
+0+463.620053957
=1,128

Telefonica Brasil SA Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 1194.28702011 (Sep. 2013 ) + 1070.78792959 (Dec. 2013 ) + 569.189431258 (Mar. 2014 ) + 1128.42041367 (Jun. 2014 ) = $3,963 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.

Telefonica Brasil SA's net income from continuing operations for the three months ended in Jun. 2014 was $18 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

Telefonica Brasil SA's depreciation, depletion and amortization for the three months ended in Jun. 2014 was $1,184 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.

Telefonica Brasil SA's change in working capital for the three months ended in Jun. 2014 was $-537 Mil. It means Telefonica Brasil SA's working capital declined by $537 Mil from Mar. 2014 to Jun. 2014 .

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

Telefonica Brasil SA's cash flow from deferred tax for the three months ended in Jun. 2014 was $0 Mil.

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

Telefonica Brasil SA's cash flow from discontinued operations for the three months ended in Jun. 2014 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).

Telefonica Brasil SA's cash flow from others for the three months ended in Jun. 2014 was $464 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.

Telefonica Brasil SA Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 8111,1211,3141,3341,0491,219-050-141
CF_DDA 1,0301,1981,2491,5241,2031,4061,1422,5682,7092,365
ChangeInWorkingCapital 13435-405-476-399-46217-1,795-695-1,478
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 110881792893703131,5463,7302,7863,085
Cash Flow from Operations 2,0852,4412,3362,6712,2232,4772,7064,5544,7994,014

Telefonica Brasil SA Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
NetIncomeFromContinuingOperations -160-1164041018
CF_DDA 71266602,70969864302,36501,184
ChangeInWorkingCapital -258-4620-695-457990-1,4780-537
CF_DeferredTax 0000000000
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 6997291,370-5778731891,194143569464
Cash Flow from Operations 1,1529391,3701,4361,1309361,1941,0715691,128
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