CIT Group Cash Flow - Annual (NYSE:CIT)

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$54.05 $0.27 (0.5%) CIT stock closing price Feb 16, 2018 (Closing)

The CIT Group cash flow statement helps investors understand how well the company is managing its cash flows. The profit-loss statement shows CIT Group profits, the balance sheet shows CIT Group debt, and the cash flow statement reflects the liquidity and solvency of a firm. This statement reflects the company's ability to generate cash flows. This statement can tell if a company is running out of money while still being profitable and is useful in CIT Group stock analysis. CIT Group had a negative net income cash flow of $-848M for the latest 2016. This report is very useful in measuring the short term viability of a company. CIT decrease in investments stood at a value of $-498.9M for the latest year 2016.

View details of CIT Group cash flows for latest & last 10 financial years
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Quarterly
Annual
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Net Income Cash Flow
-848M1.06B1.13B675.7M-592.3M26.7M516.8M184.3M-2.8B
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
Net Cash from (used by) Operating Activities
2.37B1.16B1.28B1.45B908.5M856M586.5M2.07B220.9M
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
Net Cash from (used by) Investment Activities
-498.9M1.16B-1.03B-4.35B490.9M4.27B10.19B5.29B-208.3M
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
Net Cash from (used by) Financing Activities
-2.93B-997.3M821.9M2.34B-2.33B-7.21B-10.53B-5.22B852.7M
Effect of Exchange Rate Changes on Cash-34.6M--------
Net Change in Cash & Cash Equivalents
-1.1B1.32B1.07B-555.1M-929.5M-2.08B245M2.14B865.3M
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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While CIT Group stock price history provides the price history of a stock, CIT Group stock comparison chart shows the same in comparison to peers, and cash flow statements provide cash position of the company. Common terms used in the statement of cash flows are:

  • CIT Group had a Net Change in Cash and Cash Equivalents of $-1.1B for the latest year 2016. If a firm is able to grow its cash, it is considered to be a positive signal and could lead to a jump in the CIT Group stock price, albeit too much cash on hand can imply the company has no or limited avenues for growth in which to invest this cash.
  • Cash Flow from operating activities: This is the cash that the company receives from ongoing operations. CIT Group gained $2.37B cash from operations. It is important to check this to see where the company is getting its money from.
  • Cash Flow from investment activities: This includes buying/selling of land and equipment, acquisitions and mergers, sell-off, investment in other companies like buying bonds, stocks etc., and was $-498.9M for CIT in last 2016 report.
  • 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.

Key Financial Ratios For CIT Group Cash Flow

FCF margin
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