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Bank of America Corporation (NYSE:BAC)
Cash from Financing
$24,006 Mil (TTM As of Sep. 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 Sep. 2016, Bank of America Corporation paid $1,399 Mil more to buy back shares than it received from issuing new shares. It spent $10,532 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $1,178 Mil paying cash dividends to shareholders. It received $16,969 Mil on other financial activities. In all, Bank of America Corporation earned $3,860 Mil on financial activities for the three months ended in Sep. 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.

Bank of America Corporation'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
=-1675+-17003+5957+-2306+2826
=-12,201

Bank of America Corporation's Cash from Financing for the quarter that ended in Sep. 2016 is

Cash from Financing(Q: Sep. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1399+-10532+0+-1178+16969
=3,860

Bank of America Corporation Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2016 was 6181 (Dec. 2015 ) + 29382 (Mar. 2016 ) + -15417 (Jun. 2016 ) + 3860 (Sep. 2016 ) = $24,006 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.

Bank of America Corporation's net issuance of stock for the three months ended in Sep. 2016 was $-1,399 Mil. Bank of America Corporation paid $1,399 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.

Bank of America Corporation's net issuance of debt for the three months ended in Sep. 2016 was $-10,532 Mil. Bank of America Corporation spent $10,532 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.

Bank of America Corporation's net issuance of preferred for the three months ended in Sep. 2016 was $0 Mil. Bank of America Corporation 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.

Bank of America Corporation's cash flow for dividends for the three months ended in Sep. 2016 was $-1,178 Mil. Bank of America Corporation spent $1,178 Mil paying cash dividends to shareholders.

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

Bank of America Corporation's other financing for the three months ended in Sep. 2016 was $16,969 Mil. Bank of America Corporation received $16,969 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.

Bank of America Corporation Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock -11,242-2,67210,12713,468000-3,220-1,675-2,374
Net Issuance of Debt 32,95171,268-24,323-159,889-90,402-100,077-107,206-3,935-17,003231
Net Issuance of Preferred 2,5801,55834,7424,24405,000667-5,4535,9572,964
Dividends -9,661-10,878-11,528-4,863-1,762-1,738-1,909-1,677-2,306-3,574
Other Financing 38,50544,136-19,713-52,52826,830-7,839150,864-81,1572,82651,338
Cash from Financing 53,133103,412-10,695-199,568-65,334-104,65442,416-95,442-12,20148,585

Bank of America Corporation Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Net Issuance of Stock -233000-775-800-799-1,000-1,383-1,399
Net Issuance of Debt -5,608-14,222-6,573-32613,876-10,831-2,488-5,361-1,953-10,532
Net Issuance of Preferred 1,4943,0671,3962,9640002,0698780
Dividends -360-765-837-846-917-961-850-974-879-1,178
Other Financing 15,386-22,263-9,70036,7205,646-1,34610,31834,648-12,08016,969
Cash from Financing 10,679-34,183-15,71438,51217,830-13,9386,18129,382-15,4173,860
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