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Wisconsin Energy Corporation (NYSE:WEC)
Cash Flow from Operations
$1,231 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, Wisconsin Energy Corporation's Net Income From Continuing Operations was $144 Mil. Its DDA was $103 Mil. Its Change In Working Capital was $-226 Mil. Its cash flow from deferred tax was $93 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $67 Mil. In all, Wisconsin Energy Corporation's Cash Flow from Operations for the three months ended in Dec. 2013 was $181 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.

Wisconsin Energy Corporation's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Wisconsin Energy Corporation's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

Wisconsin Energy Corporation Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 330.3 (Mar. 2013 ) + 351.2 (Jun. 2013 ) + 368.8 (Sep. 2013 ) + 180.7 (Dec. 2013 ) = $1,231 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.

Wisconsin Energy Corporation's net income from continuing operations for the three months ended in Dec. 2013 was $144 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

Wisconsin Energy Corporation's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $103 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.

Wisconsin Energy Corporation's change in working capital for the three months ended in Dec. 2013 was $-226 Mil. It means Wisconsin Energy Corporation's working capital declined by $226 Mil from Sep. 2013 to Dec. 2013 .

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

Wisconsin Energy Corporation's cash flow from deferred tax for the three months ended in Dec. 2013 was $93 Mil.

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

Wisconsin Energy Corporation'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).

Wisconsin Energy Corporation's cash flow from others for the three months ended in Dec. 2013 was $67 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.

Wisconsin Energy Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 220304316336359382457526546577
CF_DDA 353350366338332347317336372400
ChangeInWorkingCapital -82-18230-1862360-111227-109
CF_DeferredTax 763-5420297187105431293313
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 103417224-274-348-58-301-26449
Cash Flow from Operations 5995777305337366298109931,1741,231

Wisconsin Energy Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 052617211915699177119138144
CF_DDA 80889193949498100100103
ChangeInWorkingCapital 10-1826018167-18151885-226
CF_DeferredTax 79215687310844431007793
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 10-481-50-35-142-36-215-3167
Cash Flow from Operations 179166341268384182330351369181
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