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Bank of America Corporation (NYSE:BAC)
Cash from Financing
$6,208 Mil (TTM As of Jun. 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 Jun. 2016, Bank of America Corporation paid $1,383 Mil more to buy back shares than it received from issuing new shares. It spent $1,953 Mil paying down its debt. It received $878 Mil more from issuing preferred shares than it paid to buy back preferred shares. It spent $879 Mil paying cash dividends to shareholders. It spent $12,080 Mil on other financial activities. In all, Bank of America Corporation spent $15,417 Mil on financial activities for the three months ended in Jun. 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. 2015 is calculated as:

Cash from Financing(A: Dec. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-2374+231+2964+-3574+51338
=48,585

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

Cash from Financing(Q: Jun. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1383+-1953+878+-879+-12080
=-15,417

Bank of America Corporation Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2016 was -13938 (Sep. 2015 ) + 6181 (Dec. 2015 ) + 29382 (Mar. 2016 ) + -15417 (Jun. 2016 ) = $6,208 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.

Bank of America Corporation's net issuance of stock for the three months ended in Jun. 2016 was $-1,383 Mil. Bank of America Corporation paid $1,383 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 Jun. 2016 was $-1,953 Mil. Bank of America Corporation spent $1,953 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 Jun. 2016 was $878 Mil. Bank of America Corporation received $878 Mil more from issuing preferred shares than it paid to buy back 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 Jun. 2016 was $-879 Mil. Bank of America Corporation spent $879 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 Jun. 2016 was $-12,080 Mil. Bank of America Corporation spent $12,080 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.

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

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
Net Issuance of Stock -1,442-233000-775-800-799-1,000-1,383
Net Issuance of Debt 9,400-5,608-14,222-6,573-32613,876-10,831-2,488-5,361-1,953
Net Issuance of Preferred 01,4943,0671,3962,9640002,069878
Dividends -344-360-765-837-846-917-961-850-974-879
Other Financing 19,40315,386-22,263-9,70036,7205,646-1,34610,31834,648-12,080
Cash from Financing 27,01710,679-34,183-15,71438,51217,830-13,9386,18129,382-15,417
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