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United States Steel Corporation (NYSE:X)
Cash Flow from Operations
$414 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, United States Steel Corporation's Net Income From Continuing Operations was $270 Mil. Its DDA was $170 Mil. Its Change In Working Capital was $-494 Mil. Its cash flow from deferred tax was $-362 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $409 Mil. In all, United States Steel Corporation's Cash Flow from Operations for the three months ended in Dec. 2013 was $-7 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 States Steel Corporation's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

United States Steel Corporation's Cash Flow from Operations for the quarter that ended in Dec. 2013 is

United States Steel Corporation Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 233 (Mar. 2013 ) + 151 (Jun. 2013 ) + 37 (Sep. 2013 ) + -7 (Dec. 2013 ) = $414 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 States Steel Corporation's net income from continuing operations for the three months ended in Dec. 2013 was $270 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 States Steel Corporation's depreciation, depletion and amortization for the three months ended in Dec. 2013 was $170 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 States Steel Corporation's change in working capital for the three months ended in Dec. 2013 was $-494 Mil. It means United States Steel Corporation's working capital declined by $494 Mil from Sep. 2013 to Dec. 2013 .

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

United States Steel Corporation's cash flow from deferred tax for the three months ended in Dec. 2013 was $-362 Mil.

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

United States Steel 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).

United States Steel Corporation's cash flow from others for the three months ended in Dec. 2013 was $409 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.

United States Steel Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
NetIncomeFromContinuingOperations 1,1359101,3748792,154-1,554-482-53-125-1,672
CF_DDA 382366441506605661658681661684
ChangeInWorkingCapital -219443087-6271,267-709-419352-335
CF_DeferredTax 360057182366-156206-6874-359
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -258-102-22191-840-279-52271732,096
Cash Flow from Operations 1,4001,2181,6811,7451,658-61-3791681,135414

United States Steel Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
NetIncomeFromContinuingOperations 141-189-21910144-51-73-78-1,791270
CF_DDA 172169163164163171171170173170
ChangeInWorkingCapital -52-226341-62110115440-494
CF_DeferredTax -33-784463-21-124-65-362
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -15816017566-27-4116211,650409
Cash Flow from Operations 70604264359717723315137-7
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