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GuruFocus has detected 6 Warning Signs with CSX Corp $FRA:CXR.
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CSX Corp (FRA:CXR)
Cash Flow from Operations
€2,763 Mil (TTM As of Jun. 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 Jun. 2017, CSX Corp's Net Income From Continuing Operations was €454 Mil. Its DDA was €291 Mil. Its Change In Working Capital was €-316 Mil. Its cash flow from deferred tax was €47 Mil. Its Cash Flow from Discontinued Operations was €0 Mil. Its Stock Based Compensation was €0 Mil. And its Cash Flow from Others was €-11 Mil. In all, CSX Corp's Cash Flow from Operations for the three months ended in Jun. 2017 was €465 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.

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

Cash Flow from Operations(A: Dec. 2016 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=1624.79855911+1233.29225519+65.4090435112+383.922646696
+Cash Flow from Discontinued Operations+Stock Based Compensation+Cash Flow from Others
+0+0+-424.684804247
=2,883

CSX Corp's Cash Flow from Operations for the quarter that ended in Jun. 2017 is

Cash Flow from Operations(Q: Jun. 2017 )
=Net Income From Continuing Operations+DDA+Change In Working Capital+Deferred Tax
=453.898184407+291.028835885+-315.948736205+47.1698113208
+Cash Flow from Discontinued Operations+Stock Based Compensation+Cash Flow from Others
+0+0+-10.6799572802
=465

CSX Corp Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2017 was 798.360509668 (Sep. 2016 ) + 524.220305242 (Dec. 2016 ) + 975.222066386 (Mar. 2017 ) + 465.468138127 (Jun. 2017 ) = €2,763 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.

CSX Corp's net income from continuing operations for the three months ended in Jun. 2017 was €454 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

CSX Corp's depreciation, depletion and amortization for the three months ended in Jun. 2017 was €291 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.

CSX Corp's change in working capital for the three months ended in Jun. 2017 was €-316 Mil. It means CSX Corp's working capital declined by €316 Mil from Mar. 2017 to Jun. 2017 .

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

CSX Corp's cash flow from deferred tax for the three months ended in Jun. 2017 was €47 Mil.

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

CSX Corp's cash flow from discontinued operations for the three months ended in Jun. 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.

CSX Corp's stock based compensation for the three months ended in Jun. 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).

CSX Corp's cash flow from others for the three months ended in Jun. 2017 was €-11 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.

CSX Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
NetIncomeFromContinuingOperations 8421,1067741,1821,4091,4201,3611,5631,8071,625
CF_DDA 6116796197167428078069331,1091,233
ChangeInWorkingCapital 10550-317066-4876-29-17865
CF_DeferredTax 187322295358463451219242419384
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others -245-1-28639-27-385-772-62-425
Cash Flow from Operations 1,5002,1561,3992,4652,6532,2452,3852,7113,0942,883

CSX Corp Quarterly Data

Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17Jun17
NetIncomeFromContinuingOperations 408493452428320396405434338454
CF_DDA 273266269286281284286330299291
ChangeInWorkingCapital -73-681-18331-12-348130-316
CF_DeferredTax 624443437276131885547
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0000000000
Cash Flow from Others 2418-17-87-262-21-376152-11
Cash Flow from Operations 638795829788677746798524975465
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