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.
SolarCity Cash Flow from Operations Historical Data
The historical data trend for SolarCity's Cash Flow from Operations can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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.
SolarCity's Cash Flow from Operations for the fiscal year that ended in Dec. 2015 is calculated as:
Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-689.4 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SolarCity (NAS:SCTY) Cash Flow from Operations Explanation
For companies reported in indirect method, 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.
SolarCity's net income from continuing operations for the
three
months ended in Sep. 2016 was $-225.3 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
SolarCity's depreciation, depletion and amortization for the
three
months ended in Sep. 2016 was $89.4 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.
SolarCity's change in working capital for the
three
months ended in Sep. 2016 was $87.9 Mil. It means SolarCity's working capital
increased by $87.9 Mil
from Jun. 2016 to Sep. 2016 .
4. Deferred Tax:
It is the cash flow generated from deferred tax.
SolarCity's cash flow from deferred tax for the
three
months ended in Sep. 2016 was $0.0 Mil.
SolarCity's cash from discontinued operating Activities for the
three
months ended in Sep. 2016 was $0.0 Mil.
6. Asset Impairment Charge:
It is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.
SolarCity's asset impairment charge for the
three
months ended in Sep. 2016 was $0.0 Mil.
7. 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.
SolarCity's stock based compensation for the
three
months ended in Sep. 2016 was $21.6 Mil.
8. 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).
SolarCity's cash flow from others for the
three
months ended in Sep. 2016 was $-10.5 Mil.
SolarCity Cash Flow from Operations Related Terms
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SolarCity Corp was incorporated as a Delaware corporation on June 21, 2006. The Company is engaged in the design, manufacture, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. Its customers include residential, commercial and government. The residential customers are individual homeowners who want to switch to cleaner, more affordable energy. Residential customers also include homeowners within communities developed by home builders the company is partnered with. The Commercial customers represent diverse business sectors, including technology, retail, manufacturing, agriculture and nonprofits, including customers such as Walmart, eBay, HP, Walgreens, Intel, and Safeway, Mexican businesses such as Tiendas Soriana, and thousands of other businesses across the United States, including SMBs. For government the company has installed solar energy systems for various federal, state and municipal government entities, including the U.S. Air Force, Army, Marines and Navy, the City of Lancaster, the City of San Jose, the City of Sacramento, the Department of Homeland Security and a number of schools and universities. The Company market and sell its products and services through a national sales organization that includes a direct outside sales force, a door-to-door sales force, call centers, a channel partner network and a robust customer referral program. It purchases components such as solar panels and inverters directly from multiple manufacturers. The Company's competitors include Vivint Solar Inc., Sunrun Inc., NRG Home Solar, Sungevity, Inc., Trinity Solar, Verengo, Inc., SunPower Corporation, SunEdison LLC, Borrego Solar Systems, Inc., G&S Solar Installers, Cenergy Power and numerous other companies. The Company's operations are subject to stringent and complex federal, state and local laws and regulations governing the occupational health and safety of its employees, wage regulations and environmental regulations.
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