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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. 2024, Terran Orbital's Net Income From Continuing Operations was $-53.2 Mil. Its Depreciation, Depletion and Amortization was $2.8 Mil. Its Change In Working Capital was $8.6 Mil. Its cash flow from deferred tax was $0.0 Mil. Its Cash from Discontinued Operating Activities was $0.0 Mil. Its Asset Impairment Charge was $0.0 Mil. Its Stock Based Compensation was $3.8 Mil. And its Cash Flow from Others was $15.2 Mil. In all, Terran Orbital's Cash Flow from Operations for the three months ended in Mar. 2024 was $-22.8 Mil.
The historical data trend for Terran Orbital'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.
Terran Orbital Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash Flow from Operations | -7.54 | -11.47 | -34.89 | -81.80 | -55.72 |
Terran Orbital Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash Flow from Operations | Get a 7-Day Free Trial | -32.82 | -31.61 | -31.79 | 40.50 | -22.82 |
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.
Terran Orbital's Cash Flow from Operations for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Operations | (A: Dec. 2023 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | -151.843 | + | 9.067 | + | 37.272 | + | 0 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 0 | + | 21.47 | + | 28.314 |
= | -55.7 |
Terran Orbital's Cash Flow from Operations for the quarter that ended in Mar. 2024 is:
Cash Flow from Operations | (Q: Mar. 2024 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | -53.244 | + | 2.769 | + | 8.632 | + | 0 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 0 | + | 3.82 | + | 15.208 |
= | -22.8 |
Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-45.7 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.
Terran Orbital (NYSE:LLAP) 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.
Terran Orbital's net income from continuing operations for the three months ended in Mar. 2024 was $-53.2 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
Terran Orbital's depreciation, depletion and amortization for the three months ended in Mar. 2024 was $2.8 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.
Terran Orbital's change in working capital for the three months ended in Mar. 2024 was $8.6 Mil. It means Terran Orbital's working capital increased by $8.6 Mil from Dec. 2023 to Mar. 2024 .
4. Deferred Tax:
It is the cash flow generated from deferred tax.
Terran Orbital's cash flow from deferred tax for the three months ended in Mar. 2024 was $0.0 Mil.
5. Cash from Discontinued Operating Activities:
Net cash from all of the entity's discontinued operating activities.
Terran Orbital's cash from discontinued operating Activities for the three months ended in Mar. 2024 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.
Terran Orbital's asset impairment charge for the three months ended in Mar. 2024 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.
Terran Orbital's stock based compensation for the three months ended in Mar. 2024 was $3.8 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).
Terran Orbital's cash flow from others for the three months ended in Mar. 2024 was $15.2 Mil.
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Jonathan Siegmann | officer: SVP, Corporate Development | 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487 |
Anthony J Gingiss | officer: Chief Operating Officer | C/O TERRAN ORBITAL, 6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487 |
Wahid Azizpor | officer: SVP, Manufacturing | C/O TERRAN ORBITAL CORPORATION, SUITE 200, BOCA RATON FL 33487 |
Santina M Michel | officer: SVP and Chief HR Officer | C/O TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487 |
Matthew Gann | officer: SVP, Strategy & Business Dev. | CO TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487 |
Mark Kula | officer: SVP, Programs | C/O TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487 |
Stephen Alan Hobart | officer: SVP, Components and Modules | C/O TERRAN ORBITAL CORPORATION, 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487 |
Richard Bays | officer: SVP & CIO | 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487 |
Beach Point Capital Management Lp | 10 percent owner | 1620 26TH STREET, SUITE 6000N, SANTA MONICA CA 90404 |
Lockheed Martin Corp | 10 percent owner | 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817 |
James S Black | officer: General Counsel | 6800 BROKEN SOUND PARKWAY NW, SUITE 200, BOCA RATON FL 33487 |
Beach Point Tx Scf Lp | 10 percent owner | C/O BEACH POINT CAPITAL MANAGEMENT LP, 1620 26TH STREET, SUITE 6000N, SANTA MONICA CA 90404 |
Gary A. Hobart | officer: See Remarks | 6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487 |
Douglas L. Raaberg | director | 10613 REGENT PARK CT., FAIRFAX VA 22030 |
Mathieu Riffel | officer: Vice President and Controller | 6800 BROKEN SOUND PARKWAY, SUITE 200, BOCA RATON FL 33487 |
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