CIT Group Cash Flow - Quarterly (NYSE:CIT)

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$54.05 $0.27 (0.5%) CIT stock closing price Feb 16, 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 $556.2M till 2017 Q3. This statement is important because profits alone cannot pay employees, or bills. Cash is required. The cash from operating activities for CIT Group is $ 2017 Q3, which saw an increase 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 - Dec2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Net Income Cash Flow
556.2M336.6M179.9M-848M293.8M161M146.9M1.06B912.1M
Depreciation Depletion Amortization Cash-Flow291.8M200.4M98.8M1.06B598.1M397.2M176.9M682.7M529.7M
Net Increase (Decrease) in Assets Liabilities-540.3M-426.2M-159.2M802.1M328.3M283.3M79.49M-69.5M-135.9M
Cash From (used in) Discontinued Operations---------
Other Adjustments Net81M111.5M170M1.35B261.2M174.3M162.7M-512.5M-525.09M
Net Cash from (used by) Operating Activities
388.7M222.3M289.5M2.37B1.48B1.02B566M1.16B780.8M
Increase (Decrease) in Prop Plant And Equipment135.3M73.2M-6.29M-112.9M-200.3M-60.5M157.5M-662.5M-238M
Acquisition Disposition of Subsidiaires10.03B10B-----2.52B2.52B
Increase (Decrease) in Investments-2.18B-1.17B-194.9M-1.36B-705.29M-297.9M-99.8M1B37.6M
Other Cash Inflow (Outflow) from Investment Activities1.66B1.41B822.2M969.6M397.7M52M-430.1M-1.71B-1.17B
Net Cash from (used by) Investment Activities
9.65B10.32B621M-498.9M-507.9M-306.4M-372.4M1.16B1.15B
Issuance (Purchase) of Equity Shares-3.11B-2.99B------531.8M-531.8M
Issuance (Repayment) of Debt Securities-7.56B-7.39B-1.07B-2.54B-2B-1.02B-464.3M-2.88B-2.08B
Increase (Decrease) in Bank & Other Borrowings-29.6M-31.5M192.4M-118.2M110.2M-30.8M330.1M107.8M
Payment of Dividends & Other Cash Distributions-82.4M-61.7M-30.8M-123M-92.3M-61.5M-30.6M-114.9M-84.4M
Other Cash from (used by) Financing Activities-2.72B-1.39B73M-457M343.4M94.5M180M2.2B1.93B
Net Cash from (used by) Financing Activities
-13.46B-11.8B-1.06B-2.93B-1.86B-880.3M-345.7M-997.3M-661.2M
Effect of Exchange Rate Changes on Cash15.2M10M3.8M-34.6M-----
Net Change in Cash & Cash Equivalents
-3.41B-1.25B-147.4M-1.1B-890.3M-170.9M-152.1M1.32B1.27B
Cash & Equivalents at Beginning of Year7.47B6.16B5.08B5.64B6.57B8.65B8.41B6.26B6.31B
Cash & Equivalents at Year End2.96B5.13B6.23B6.38B6.58B7.3B7.32B7.47B7.42B
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 $2.96B 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 $388.7M 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 $9.65B for CIT till last quarter 2017 Q3 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 $-13.46B for CIT Group.

Key Financial Ratios For CIT Group Cash Flow

FCF margin
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