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GuruFocus has detected 4 Warning Signs with Mylan NV $MYL.
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Mylan NV (NAS:MYL)
Cash Flow from Operations
$2,420 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, Mylan NV's Net Income From Continuing Operations was $66 Mil. Its DDA was $416 Mil. Its Change In Working Capital was $-229 Mil. Its cash flow from deferred tax was $36 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. Its Stock Based Compensation was $23 Mil. And its Cash Flow from Others was $141 Mil. In all, Mylan NV's Cash Flow from Operations for the three months ended in Mar. 2017 was $453 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.

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

Mylan NV's Cash Flow from Operations for the quarter that ended in Mar. 2017 is

Mylan NV Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2017 was 416.6 (Jun. 2016 ) + 1200.6 (Sep. 2016 ) + 349.5 (Dec. 2016 ) + 452.9 (Mar. 2017 ) = $2,420 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.

Mylan NV's net income from continuing operations for the three months ended in Mar. 2017 was $66 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

Mylan NV's depreciation, depletion and amortization for the three months ended in Mar. 2017 was $416 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.

Mylan NV's change in working capital for the three months ended in Mar. 2017 was $-229 Mil. It means Mylan NV's working capital declined by $229 Mil from Dec. 2016 to Mar. 2017 .

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

Mylan NV's cash flow from deferred tax for the three months ended in Mar. 2017 was $36 Mil.

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

Mylan NV'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.

Mylan NV's stock based compensation for the three months ended in Mar. 2017 was $23 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).

Mylan NV's cash flow from others for the three months ended in Mar. 2017 was $141 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.

Mylan NV Annual Data

Mar07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
NetIncomeFromContinuingOperations 217-181248346539643627933848480
CF_DDA 624254014235115475165671,0321,523
ChangeInWorkingCapital -35-204-264-142-470-673-489-474-331-810
CF_DeferredTax -50-194-15511-57-109-87-315-116-610
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 0313131434347669389
Cash Flow from Others 1975083442631564984932384831,374
Cash Flow from Operations 3903846059317209491,1071,0152,0092,047

Mylan NV Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
NetIncomeFromContinuingOperations 1915716842919514168-12041866
CF_DDA 169175259258341297303446477416
ChangeInWorkingCapital 271-101-359165-36-408-102349-649-229
CF_DeferredTax -6513-8914-5439-131-265-25336
Cash Flow from Disc. Op. 0000000000
Stock Based Compensation 18341616262725191823
Cash Flow from Others -4578912193180112152771340141
Cash Flow from Operations 127267115975652814171,201350453
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