CIT Group Cash Flow - Annual (NYSE:CIT)

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$44.81 $0.07 (0.16%) CIT stock closing price Aug 21, 2017 (Closing)

For analyzing any company like CIT Group from an investment perspective, its important to check the cash flow statement. This statement shows details about the cash generated and spent during a particular quarter, while the other two statements give details about CIT Group profits and CIT Group debt. The cash flow statement is essetial while conducting the CIT Group cash flow analysis and can be used to measure the operating performance of CIT Group compared to various industry peers like SLFPY stock and DSEEY stock. The cash from operating activities for CIT Group is $2.37B for 2016, which saw an increase of 104.52% from previous year. View details of CIT Group cash flows for latest & last ten financial years.

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Fiscal year is Jan - Dec.201620152014201320122011201020092008
CIT Group Net Income Cash Flow
Depreciation Depletion Amortization Cash-Flow1.06B682.7M882M705.5M1.99B752M-495.2M2.12B1.88B
Net Increase (Decrease) in Assets Liabilities802.1M-69.5M-58.5M135.6M-247.7M143.8M84M1.15B-1.32B
Cash From (used in) Discontinued Operations------8.9M-1.92B
Other Adjustments Net1.35B-512.5M-675.2M-63.2M-237.4M-66.49M472M-1.38B546.39M
CIT Group Net Cash from (used by) Operating Activities
Increase (Decrease) in Prop Plant And Equipment-112.9M-662.5M716.09M-196.4M2.72B2.18B3.98B-1.02B2.81B
Acquisition Disposition of Subsidiaires-2.52B-448.6M----44.2M1.56B
Increase (Decrease) in Investments-1.36B1B465.39M-1.35B392.1M-689.09M527.1M708.2M-333.3M
Other Cash Inflow (Outflow) from Investment Activities969.6M-1.71B-1.76B-2.81B-2.62B2.78B5.69B5.55B-4.24B
CIT Group Net Cash from (used by) Invesment Activities
Issuance (Purchase) of Equity Shares--531.8M-775.5M-193.4M---13.1M4.23B
Issuance (Repayment) of Debt Securities-2.54B-2.88B-1.69B-338.2M-6.02B-15.62B-10.01B-41.1M-24.9M
Increase (Decrease) in Bank & Other Borrowings192.4M330.1M63.39M48.1M189.6M6.73B74.1M-7.49B-3.16B
Payment of Dividends & Other Cash Distributions-123M-114.9M-95.3M-20.1M----91.3M-199.9M
Other Cash from (used by) Financing Activities-457M2.2B3.32B2.85B3.5B1.68B-597.1M2.39B4.8M
CIT Group Net Cash from (used by) Financing Activities
Effect of Exchange Rate Changes on Cash-34.6M--------
CIT Group Net Change in Cash & Cash Equivalents
Cash & Equivalents at Beginning of Year7.47B6.16B5.08B5.64B6.57B8.65B8.41B6.26B6.31B
Cash & Equivalents at Year End6.38B7.47B6.16B5.08B5.64B6.57B8.65B8.41B7.18B
All figures in USD. M: Millions of USD, B: Billions of USD.
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CIT Group stock price history provides insight into historical stock price fluctuations, and CIT Group stock comparison chart enables peer comparison. Some of the key terms used in the statement of cash flows are:
  • CIT Group has cash of $6.38B on hand. A healthy amount of cash on hand is necessary for any company. Cash has an opportunity cost associated with it, and too much cash in bank may mean that the firm has no or limited growth plans. Hence its important to track the Net Change in Cash and Cash Equivalents along with the CIT Group stock price.
  • CIT Group increased its cash from operating activities to $1.21B in 2016. Operating activities include production of goods or creating a product or providing a service, and collecting payment for the same from customers. The cash generated from these activities is refered to as cash flow from operating activities.
  • Growth companies (typically most tech companies) spend heavily  on investing activities and this figure was negative at $-498.9M for CIT stock. Sometimes a company might have a negative overall cash flow which may not be really bad if it is due to investment expenses. Hence it is important to check the cash flow from investment activities.
  • Inflow of cash in the form of bank loans and shareholders equity, and outflow of cash because of dividend payments, share repurchase payments etc. come under financing activities. The cash generated from these activities was $-2.93B for CIT Group.