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GuruFocus has detected 2 Warning Signs with Apache Corp $APA.
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Apache Corp (NYSE:APA)
Cash Flow from Financing
$-860 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, Apache Corp paid $0 Mil more to buy back shares than it received from issuing new shares. It received $0 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $95 Mil paying cash dividends to shareholders. It spent $256 Mil on other financial activities. In all, Apache Corp spent $351 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.

Apache Corp's Cash from Financing for the fiscal year that ended in Dec. 2016 is calculated as:

Cash from Financing(A: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+-181+0+-379+-300
=-860

Apache Corp's Cash from Financing for the quarter that ended in Dec. 2016 is

Apache Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -147 (Mar. 2016 ) + -136 (Jun. 2016 ) + -226 (Sep. 2016 ) + -351 (Dec. 2016 ) = $-860 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.

Apache Corp's net issuance of stock for the three months ended in Dec. 2016 was $0 Mil. Apache Corp paid $0 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.

Apache Corp's net issuance of debt for the three months ended in Dec. 2016 was $0 Mil. Apache Corp received $0 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.

Apache Corp's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Apache Corp 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.

Apache Corp's cash flow for dividends for the three months ended in Dec. 2016 was $-95 Mil. Apache Corp spent $95 Mil paying cash dividends to shareholders.

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

Apache Corp's other financing for the three months ended in Dec. 2016 was $-256 Mil. Apache Corp spent $256 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.

Apache Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 4436282,25800-997-1,86400
Net Issuance of Debt 4076961481,415-9255,089-2,5811,568-2,509-181
Net Issuance of Preferred 00-981,227000000
Dividends -205-239-209-226-306-332-360-365-377-379
Other Financing 832218984282,965-133-76-300
Cash from Financing 254525-1104,763-1,1474,785-973-794-2,962-860

Apache Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock -567-3400000000
Net Issuance of Debt 1,2473221,028-2,598-93900000
Net Issuance of Preferred 0000000000
Dividends -95-94-94-95-94-94-95-94-95-95
Other Financing -45-5-6-19-46-5-52-42-131-256
Cash from Financing 540189928-2,712-1,079-99-147-136-226-351
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