CIT Group Cash Flow - Quarterly (NYSE:CIT)

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$52.24 $0.08 (0.15%) CIT stock closing price Jul 20, 2018 (Closing)

The financial analysis of CIT requires an investor to check the cash flows for CIT Group. 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. CIT Group stock analysis shows positive net income cash flow of $97M till 2018 Q1. This statement is important because profits alone cannot pay employees, or bills. Cash is required. The cash from operating activities for CIT Group is $ 2018 Q1, which saw a decrease from previous quarter.

View and download details of CIT Group cash flows for latest & last 40 quarters
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Net Income Cash Flow
97M468.2M556.2M336.6M179.9M-848M293.8M161M146.9M1.06B
Depreciation Depletion Amortization Cash-Flow89.4M648.2M291.8M200.4M98.8M1.06B598.1M397.2M176.9M682.7M
Net Increase (Decrease) in Assets Liabilities-138.5M-641.6M-540.3M-426.2M-159.2M802.1M328.3M283.3M79.49M-69.5M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net79.2M45M81M111.5M170M1.35B261.2M174.3M162.7M-512.5M
Net Cash from (used by) Operating Activities
127.1M519.8M388.7M222.3M289.5M2.37B1.48B1.02B566M1.16B
Increase (Decrease) in Prop Plant And Equipment27.3M116.6M135.3M73.2M-6.29M-112.9M-200.3M-60.5M157.5M-662.5M
Acquisition Disposition of Subsidiaires-10.03B10.03B10B-----2.52B
Increase (Decrease) in Investments404.6M-3.25B-2.18B-1.17B-194.9M-1.36B-705.29M-297.9M-99.8M1B
Other Cash Inflow (Outflow) from Investment Activities-376.7M860.8M1.66B1.41B822.2M969.6M397.7M52M-430.1M-1.71B
Net Cash from (used by) Investment Activities
55.2M7.76B9.65B10.32B621M-498.9M-507.9M-306.4M-372.4M1.16B
Issuance (Purchase) of Equity Shares-194.9M-3.11B-3.11B-2.99B------531.8M
Issuance (Repayment) of Debt Securities1.43B1.3B-7.56B-7.39B-1.07B-2.54B-2B-1.02B-464.3M-2.88B
Increase (Decrease) in Bank & Other Borrowings--8.39B-29.6M-31.5M192.4M-118.2M110.2M-30.8M330.1M
Payment of Dividends & Other Cash Distributions-21.5M-113.7M-82.4M-61.7M-30.8M-123M-92.3M-61.5M-30.6M-114.9M
Other Cash from (used by) Financing Activities988.3M-2.75B-2.72B-1.39B73M-457M343.4M94.5M180M2.2B
Net Cash from (used by) Financing Activities
2.2B-13.07B-13.46B-11.8B-1.06B-2.93B-1.86B-880.3M-345.7M-997.3M
Effect of Exchange Rate Changes on Cash-15.6M15.2M10M3.8M-34.6M----
Net Change in Cash & Cash Equivalents
2.38B-4.78B-3.41B-1.25B-147.4M-1.1B-890.3M-170.9M-152.1M1.32B
Cash & Equivalents at Beginning of Year6.38B7.47B6.16B5.08B5.64B6.57B8.65B8.41B6.26B6.31B
Cash & Equivalents at Year End4.11B1.59B2.96B5.13B6.23B6.38B6.58B7.3B7.32B7.47B
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 has cash of $4.11B 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.
  • Cash Flow from operating activities: This is the cash that the company receives from ongoing operations. CIT Group gained $127.1M 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 $55.2M for CIT till last quarter 2018 Q1 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 $2.2B for CIT Group.

Key Financial Ratios For CIT Group Cash Flow

FCF margin
0.19