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GuruFocus has detected 8 Warning Signs with Apple Inc $AAPL.
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Apple Inc (NAS:AAPL)
Cash from Financing
$-21,086 Mil (TTM As of Dec. 2016)

Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.

For the three months ended in Dec. 2016, Apple Inc paid $10,851 Mil more to buy back shares than it received from issuing new shares. It received $2,385 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $3,130 Mil paying cash dividends to shareholders. It spent $451 Mil on other financial activities. In all, Apple Inc spent $12,047 Mil on financial activities for the three months ended in Dec. 2016.


Definition

This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.

Apple Inc's Cash from Financing for the fiscal year that ended in Sep. 2016 is calculated as:

Cash from Financing(A: Sep. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-29227+22057+0+-12150+-1163
=-20,483

Apple Inc's Cash from Financing for the quarter that ended in Dec. 2016 is

Cash from Financing(Q: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-10851+2385+0+-3130+-451
=-12,047

Apple Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 6884 (Mar. 2016 ) + -9441 (Jun. 2016 ) + -6482 (Sep. 2016 ) + -12047 (Dec. 2016 ) = $-21,086 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Cash from financing contains five items:

1. Net Issuance of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. If this number is positive, it means that the company has received more cash from issuing shares than it has paid to buy back shares. If this number is negative, it means that company has paid more cash to buy back shares than it has received for issuing shares.

Apple Inc's net issuance of stock for the three months ended in Dec. 2016 was $-10,851 Mil. Apple Inc paid $10,851 Mil more to buy back shares than it received from issuing new shares.

2. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.

Apple Inc's net issuance of debt for the three months ended in Dec. 2016 was $2,385 Mil. Apple Inc received $2,385 Mil from issuing more debt.

3. Net Issuance of Preferred:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.

Apple Inc's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Apple Inc paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares.

4. Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Apple Inc's cash flow for dividends for the three months ended in Dec. 2016 was $-3,130 Mil. Apple Inc spent $3,130 Mil paying cash dividends to shareholders.

5. Other Financing:
Money spent or earned by company from other financial activities.

Apple Inc's other financing for the three months ended in Dec. 2016 was $-451 Mil. Apple Inc spent $451 Mil on other financial activities.


Related Terms

Cash Flow from Operations, Cash Flow from Investing, Net Issuance of Stock, Net Issuance of Debt, Dividends, Net Issuance of Preferred


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Apple Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
Net Issuance of Stock 365483475912831665-22,330-44,270-34,710-29,227
Net Issuance of Debt 00000016,89618,26629,30522,057
Net Issuance of Preferred 0000000000
Dividends 00000-2,488-10,564-11,126-11,561-12,150
Other Financing 374633188345613125-381-419-750-1,163
Cash from Financing 7391,1166631,2571,444-1,698-16,379-37,549-17,716-20,483

Apple Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock -16,705-4,950-6,741-9,985-13,034-6,862-6,421-10,166-5,778-10,851
Net Issuance of Debt 01,0767,74810,6809,801-1,24016,3214,3952,5812,385
Net Issuance of Preferred 0000000000
Dividends -2,829-2,801-2,743-3,053-2,964-2,969-2,902-3,187-3,092-3,130
Other Financing 4,154-248-3-397-102-373-114-483-193-451
Cash from Financing -15,380-6,923-1,739-2,755-6,299-11,4446,884-9,441-6,482-12,047
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