Stock Analysis on Net
Stock Analysis on Net

EMC Corp. (NYSE:EMC)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 8, 2016.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Paying user area

Try for free

EMC Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

EMC Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Net income
Depreciation and amortization
Non-cash interest expense on debt
Non-cash restructuring and other special charges
Stock-based compensation expense
Provision for (recovery of) doubtful accounts
Deferred income taxes, net
Excess tax benefits from stock-based compensation
Gain on previously held interests in strategic investments and joint venture
Impairment of joint venture
Other, net
Accounts and notes receivable
Inventories
Other assets
Accounts payable
Accrued expenses
Income taxes payable
Deferred revenue
Other liabilities
Changes in assets and liabilities, net of acquisitions
Adjustments to reconcile net income to net cash provided by operating activities
Net cash provided by operating activities
Additions to property, plant and equipment
Capitalized software development costs
Purchases of short- and long-term available-for-sale securities
Sales of short- and long-term available-for-sale securities
Maturities of short- and long-term available-for-sale securities
Business acquisitions, net of cash acquired
Purchases of strategic and other related investments
Sales of strategic and other related investments
Joint venture funding
Proceeds from divestiture of business
(Increase) decrease in restricted cash
Purchase of leasehold interest
Other, net
Net cash (used in) provided by investing activities
Proceeds from the issuance of EMC’s common stock
Proceeds from the issuance of VMware’s common stock
EMC repurchase of EMC’s common stock
EMC purchase of VMware’s common stock
VMware repurchase of VMware’s common stock
Excess tax benefits from stock-based compensation
Payment of long- and short-term obligations
Net proceeds from the issuance of long- and short-term obligations
Dividend payment
Contributions from non-controlling interests
Interest rate contracts settlement
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

Net Income Trend
Net income exhibits notable volatility throughout the periods, with several peaks and troughs. It reached highs near or above 1,000 million USD in late 2011, late 2013, and late 2014, followed by sharp declines in subsequent quarters. The general pattern indicates cyclical performance with intermittent strong quarters interspersed with weaker ones.
Depreciation and Amortization
Depreciation and amortization steadily increased over time from around 339 million USD in early 2011 to above 500 million USD by mid-2016, indicating ongoing investment in fixed assets and intangible asset amortization.
Non-cash Interest Expense and Special Charges
Non-cash interest expense on debt remained relatively low with occasional fluctuations; a significant negative value appeared around late 2013. Non-cash restructuring and special charges showed minor, irregular values, with a spike in late 2015 reflecting increased restructuring activity.
Stock-based Compensation Expense
Stock-based compensation consistently rose over the years, starting near 200 million USD in early 2011 and reaching over 300 million USD by mid-2016, indicating increasing employee compensation aligned with stock incentives.
Provision for Doubtful Accounts and Deferred Income Taxes
Provision for doubtful accounts fluctuated considerably, with positive and negative values indicating variable recoveries and provisions. Deferred income taxes showed volatility, with both positive and negative extremes, pointing to recurring tax asset and liability adjustments.
Excess Tax Benefits
Excess tax benefits from stock-based compensation were mostly negative during early years, turning occasionally positive later, suggesting fluctuating tax impacts related to stock compensation programs.
Impairment and Gains on Investments
Gains on strategic investments were recorded intermittently with notable negative impacts in 2012-2014. Impairments of joint ventures appeared sporadically in 2014 and 2016, indicating write-downs impacting earnings in those periods.
Working Capital Components
Accounts and notes receivable showed pronounced volatility, with large positive and negative fluctuations indicating changes in collections or credit terms. Inventories also varied widely, reflecting potential changes in demand or supply chain adjustments. Accounts payable and accrued expenses exhibited swings reflecting possible payment timing and operational changes. Deferred revenue fluctuated significantly, suggesting variability in revenues recognized versus cash received.
Net Cash Provided by Operating Activities
Operating cash flow demonstrated a positive overall trend with significant peaks, particularly in late 2011, late 2013, and late 2014, paralleling net income highs, confirming strong cash generation during profitable quarters.
Investing Activities
Investing cash flow was generally negative, driven by consistent capital expenditures on property, plant, and equipment, and capitalized software development costs. Purchases of available-for-sale securities were substantial and intermittent while sales and maturities partially offset them. Business acquisitions displayed notably large outflows, especially in 2012 and 2014, indicating aggressive investment in growth through acquisition during these years.
Financing Activities
Financing cash flows were variable, with notable repurchases of common stock by both EMC and VMware, reflecting a focus on returning capital to shareholders or adjusting equity structures. Periodic issuance of common stock occurred, offsetting some repurchases. Debt issuance and repayments were inconsistent, with a few large repayments and issuances suggesting active management of the debt portfolio. Dividends were consistently paid from the later periods where data was available.
Cash and Cash Equivalents Change
Cash levels showed fluctuations aligning with operating, investing, and financing cash flows, with periods of both significant increases and decreases, indicating active cash management responsive to the company's operational needs and strategic investment plans.
Summary
The financial data reveals a company with cyclical profitability and strong cash flow generation in specific quarters, supported by consistent reinvestments in assets and technology. There is evidence of strategic activity through acquisitions and capital market transactions. Working capital components are volatile, reflecting business dynamics or management of receivables and payables. Stock-based compensation costs have increased steadily, impacting expenses and tax benefits. Overall, the financial patterns suggest a company balancing growth investments with returns to shareholders, while managing operational and financial volatility.