CIT Group Cash Flow - Quarterly (NYSE:CIT)

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$44.74 $0.03 (0.07%) CIT stock closing price Aug 18, 2017 (Closing)

The CIT Group cash flow statement is one of the three reports that the company generates every quarter. 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 positive net income cash flow of $336.6M for the latest quarter. This report is very useful in measuring the short term viability of a company. CIT Group has a negative cash and cash equivalents change of $-1.25B. View details of CIT Group cash flows for latest & last 40 quarters.

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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
CIT Group Net Income Cash Flow
336.6M179.9M-848M293.8M161M146.9M1.06B912.1M219M103.7M
Depreciation Depletion Amortization Cash-Flow200.4M98.8M1.06B598.1M397.2M176.9M682.7M529.7M334.2M166.6M
Net Increase (Decrease) in Assets Liabilities-426.2M-159.2M802.1M328.3M283.3M79.49M-69.5M-135.9M-79.6M-229.7M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net111.5M170M1.35B261.2M174.3M162.7M-512.5M-525.09M-43.5M26.6M
CIT Group Net Cash from (used by) Operating Activities
222.3M289.5M2.37B1.48B1.02B566M1.16B780.8M430.1M67.2M
Increase (Decrease) in Prop Plant And Equipment73.2M-6.29M-112.9M-200.3M-60.5M157.5M-662.5M-238M-96.7M136.7M
Acquisition Disposition of Subsidiaires------2.52B2.52B--
Increase (Decrease) in Investments-1.17B-194.9M-1.36B-705.29M-297.9M-99.8M1B37.6M-143.8M290.5M
Other Cash Inflow (Outflow) from Investment Activities11.41B822.2M969.6M397.7M52M-430.1M-1.71B-1.17B-645.6M90.4M
CIT Group Net Cash from (used by) Invesment Activities
10.32B621M-498.9M-507.9M-306.4M-372.4M1.16B1.15B-886.1M517.6M
Issuance (Purchase) of Equity Shares-2.99B------531.8M-531.8M-392.7M-331.7M
Issuance (Repayment) of Debt Securities-7.39B-1.07B-2.54B-2B-1.02B-464.3M-2.88B-2.08B-1.99B-1.78B
Increase (Decrease) in Bank & Other Borrowings29.6M-31.5M192.4M-118.2M110.2M-30.8M330.1M107.8M9.29M165.2M
Payment of Dividends & Other Cash Distributions-61.7M-30.8M-123M-92.3M-61.5M-30.6M-114.9M-84.4M-53.6M-27.1M
Other Cash from (used by) Financing Activities-1.39B73M-457M343.4M94.5M180M2.2B1.93B1.4B714.9M
CIT Group Net Cash from (used by) Financing Activities
-11.8B-1.06B-2.93B-1.86B-880.3M-345.7M-997.3M-661.2M-1.03B-1.25B
Effect of Exchange Rate Changes on Cash10M3.8M-34.6M-------
CIT Group Net Change in Cash & Cash Equivalents
-1.25B-147.4M-1.1B-890.3M-170.9M-152.1M1.32B1.27B-1.49B-668.9M
Cash & Equivalents at Beginning of Year7.47B6.16B5.08B5.64B6.57B8.65B8.41B6.26B6.31B-
Cash & Equivalents at Year End5.13B6.23B6.38B6.58B7.3B7.32B7.47B7.42B4.67B5.49B
All figures in USD. M: Millions of USD, B: Billions of USD.
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The statement of cash flows comprises of cash flow from financing, cash flow from operations and cash flow from investing activities. All the three can have an impact on the stock price. The CIT Group stock price history and CIT Group stock comparison chart inevitably reflect its cash flow situation.
  • CIT Group saw a decrease in Net Change in Cash and Cash Equivalents from $-147.4M in 2017-Q1 to $-1.25B in 2017-Q2. Apart from the CIT Group stock price, this is one of the things an investor looks for, as it shows the net change in cash on hand for a company, compared to previous period.
  • CIT Group decreased its cash from operating activities to $67.2M in 2017-Q2. 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.
  • Cash from investing stood at a positive value of $10.32B for CIT stock. A company with surplus cash usually thinks of re-investing it in the form of buying fixed assests, or purchasing plant/ machinery which will help grow the business further. By looking at cash flow from investment activities one can check where the company is putting its cash.
  • Cash Flow from financing activities: Financing activities include the cash that comes into a company in the form of loans or interest earned or shareholders money, as well as the cash that goes out. CIT Group spent $10.74B from financing activities,in the form of repayment of loans or interest paid, dividend pay-out to shareholders etc.
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