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GuruFocus has detected 7 Warning Signs with Clifton Bancorp Inc $CSBK.
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Clifton Bancorp Inc (NAS:CSBK)
Cash Flow from Financing
USD 195.65 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, Clifton Bancorp Inc paid USD 0.60 Mil more to buy back shares than it received from issuing new shares. It received USD 28.00 Mil from issuing more debt. It paid USD 0.00 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent USD 1.32 Mil paying cash dividends to shareholders. It received USD 30.79 Mil on other financial activities. In all, Clifton Bancorp Inc earned USD 56.87 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.

Clifton Bancorp Inc's Cash from Financing for the fiscal year that ended in Mar. 2016 is calculated as:

Cash from Financing(A: Mar. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-56.279+124+0+-7.313+-2.209
=58.20

Clifton Bancorp 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
=-0.598+28+0+-1.316+30.785
=56.87

Clifton Bancorp Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 84.058 (Mar. 2016 ) + 30.329 (Jun. 2016 ) + 24.396 (Sep. 2016 ) + 56.871 (Dec. 2016 ) = USD 195.65 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.

Clifton Bancorp Inc's net issuance of stock for the three months ended in Dec. 2016 was USD -0.60 Mil. Clifton Bancorp Inc paid USD 0.60 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.

Clifton Bancorp Inc's net issuance of debt for the three months ended in Dec. 2016 was USD 28.00 Mil. Clifton Bancorp Inc received USD 28.00 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.

Clifton Bancorp Inc's net issuance of preferred for the three months ended in Dec. 2016 was USD 0.00 Mil. Clifton Bancorp Inc paid USD 0.00 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.

Clifton Bancorp Inc's cash flow for dividends for the three months ended in Dec. 2016 was USD -1.32 Mil. Clifton Bancorp Inc spent USD 1.32 Mil paying cash dividends to shareholders.

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

Clifton Bancorp Inc's other financing for the three months ended in Dec. 2016 was USD 30.79 Mil. Clifton Bancorp Inc received USD 30.79 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.

Clifton Bancorp Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
Net Issuance of Stock -16.87-16.47-5.88-3.15-2.71-0.01-0.03-0.028.87-56.28
Net Issuance of Debt -12.5396.962.52-20.54-28.070.000.0090.00-35.00124.00
Net Issuance of Preferred 0.000.000.000.000.000.000.000.000.000.00
Dividends -2.39-2.06-1.87-1.83-2.11-2.11-6.15-4.65-7.63-7.31
Other Financing -4.099.4756.94124.9128.380.000.30159.68-55.70-2.21
Cash from Financing -35.8787.9051.7199.40-4.50-2.12-5.88245.02-89.4758.20

Clifton Bancorp Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock 0.000.000.00-20.36-11.06-5.05-19.81-6.03-7.24-0.60
Net Issuance of Debt -15.000.00-5.000.0016.5023.0084.5012.50-19.5028.00
Net Issuance of Preferred 0.000.000.000.000.000.000.000.000.000.00
Dividends -1.52-1.53-1.56-2.99-1.46-1.47-1.40-1.36-1.33-1.32
Other Financing -5.01-13.91-9.77-12.52-5.82-4.6320.7625.2252.4730.79
Cash from Financing -21.53-15.44-16.33-35.87-1.8511.8584.0630.3324.4056.87
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