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AvalonBay Communities Inc (NYSE:AVB)
Cash from Financing
$146 Mil (TTM As of Sep. 2015)

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 Sep. 2015, AvalonBay Communities Inc received $577 Mil more from issuing new shares than it paid to buy back shares. It spent $155 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $166 Mil paying cash dividends to shareholders. It spent $13 Mil on other financial activities. In all, AvalonBay Communities Inc earned $243 Mil on financial activities for the three months ended in Sep. 2015.


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.

AvalonBay Communities Inc's Cash from Financing for the fiscal year that ended in Dec. 2014 is calculated as:

Cash from Financing(A: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=346.134+420.141+0+-593.905+-14.146
=158

AvalonBay Communities Inc's Cash from Financing for the quarter that ended in Sep. 2015 is

Cash from Financing(Q: Sep. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=577.305+-155.427+0+-166.107+-12.544
=243

AvalonBay Communities Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2015 was 144.485 (Dec. 2014 ) + -107.529 (Mar. 2015 ) + -134.358 (Jun. 2015 ) + 243.227 (Sep. 2015 ) = $146 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

AvalonBay Communities Inc's net issuance of stock for the three months ended in Sep. 2015 was $577 Mil. AvalonBay Communities Inc received $577 Mil more from issuing new shares than it paid to buy back 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.

AvalonBay Communities Inc's net issuance of debt for the three months ended in Sep. 2015 was $-155 Mil. AvalonBay Communities Inc spent $155 Mil paying down its 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.

AvalonBay Communities Inc's net issuance of preferred for the three months ended in Sep. 2015 was $0 Mil. AvalonBay Communities 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.

AvalonBay Communities Inc's cash flow for dividends for the three months ended in Sep. 2015 was $-166 Mil. AvalonBay Communities Inc spent $166 Mil paying cash dividends to shareholders.

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

AvalonBay Communities Inc's other financing for the three months ended in Sep. 2015 was $-13 Mil. AvalonBay Communities Inc spent $13 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 own currency.

AvalonBay Communities Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock 27363-351093811,0502,43053460
Net Issuance of Debt 028635018391-390209-1,3754200
Net Issuance of Preferred 00-1000000000
Dividends -235-271-279-284-298-318-366-528-5940
Other Financing 371-12-11-13-7-15-74-96-140
Cash from Financing 162366-75-41683262,199-1,9951580

AvalonBay Communities Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
Net Issuance of Stock 04720812562955770
Net Issuance of Debt 30643246-118-429646-60-1550
Net Issuance of Preferred 0000000000
Dividends -138-140-138-150-152-153-153-165-1660
Other Financing -58-6-6-2-2-4-2-5-130
Cash from Financing 110-100109-63-32144-108-1342430
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