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GuruFocus has detected 4 Warning Signs with Enterprise Products Partners LP $EPD.
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Enterprise Products Partners LP (NYSE:EPD)
Cash Flow from Operations
$4,043 Mil (TTM As of Mar. 2017)

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 Mar. 2017, Enterprise Products Partners LP's Net Income From Continuing Operations was $771 Mil. Its DDA was $402 Mil. Its Change In Working Capital was $-289 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $0 Mil. And its Cash Flow from Others was $-9 Mil. In all, Enterprise Products Partners LP's Cash Flow from Operations for the three months ended in Mar. 2017 was $876 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.

Enterprise Products Partners LP's Cash Flow from Operations for the fiscal year that ended in Dec. 2016 is calculated as:

Enterprise Products Partners LP's Cash Flow from Operations for the quarter that ended in Mar. 2017 is

Enterprise Products Partners LP Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2017 was 945.5 (Jun. 2016 ) + 813.8 (Sep. 2016 ) + 1407.8 (Dec. 2016 ) + 875.6 (Mar. 2017 ) = $4,043 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.

Enterprise Products Partners LP's net income from continuing operations for the three months ended in Mar. 2017 was $771 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

Enterprise Products Partners LP's depreciation, depletion and amortization for the three months ended in Mar. 2017 was $402 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.

Enterprise Products Partners LP's change in working capital for the three months ended in Mar. 2017 was $-289 Mil. It means Enterprise Products Partners LP's working capital declined by $289 Mil from Dec. 2016 to Mar. 2017 .

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

Enterprise Products Partners LP's cash flow from deferred tax for the three months ended in Mar. 2017 was $0 Mil.

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

Enterprise Products Partners LP's cash flow from discontinued operations for the three months ended in Mar. 2017 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.

Enterprise Products Partners LP's stock based compensation for the three months ended in Mar. 2017 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).

Enterprise Products Partners LP's cash flow from others for the three months ended in Mar. 2017 was $-9 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.

Enterprise Products Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
NetIncomeFromContinuingOperations 5349541,1401,3842,0882,4282,6072,8342,5582,553
CF_DDA 5247388379851,0071,1051,2181,3611,5161,552
ChangeInWorkingCapital 441-411250-190267-583-98-108-323-181
CF_DeferredTax 865812-66386-217
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others 84280179114-44710170272136
Cash Flow from Operations 1,5911,5672,4102,3003,3312,8913,8664,1624,0024,067

Enterprise Products Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
NetIncomeFromContinuingOperations 681651557658694670570643670771
CF_DDA 368367408373368382381392397402
ChangeInWorkingCapital 328-139-112-377305-186-108-195309-289
CF_DeferredTax 42-13-2-740110
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others 7774108385230102-2731-9
Cash Flow from Operations 1,4589549486901,4119009468141,408876
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