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DR Horton Inc (NYSE:DHI)
Cash from Financing
$702 Mil (TTM As of Dec. 2014)

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. 2014, DR Horton Inc received $5 Mil more from issuing new shares than it paid to buy back shares. It received $39 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $23 Mil paying cash dividends to shareholders. It received $1 Mil on other financial activities. In all, DR Horton Inc earned $22 Mil on financial activities for the three months ended in Dec. 2014.


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.

DR Horton Inc's Cash from Financing for the fiscal year that ended in Sep. 2014 is calculated as:

Cash from Financing(A: Sep. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=45.2+630.7+0+-48.6+0.6
=628

DR Horton Inc's Cash from Financing for the quarter that ended in Dec. 2014 is

Cash from Financing(Q: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=4.6+39.1+0+-22.8+1.2
=22

DR Horton Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2014 was 404.4 (Mar. 2014 ) + 78.5 (Jun. 2014 ) + 196.6 (Sep. 2014 ) + 22.1 (Dec. 2014 ) = $702 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.

DR Horton Inc's net issuance of stock for the three months ended in Dec. 2014 was $5 Mil. DR Horton Inc received $5 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.

DR Horton Inc's net issuance of debt for the three months ended in Dec. 2014 was $39 Mil. DR Horton Inc received $39 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.

DR Horton Inc's net issuance of preferred for the three months ended in Dec. 2014 was $0 Mil. DR Horton 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.

DR Horton Inc's cash flow for dividends for the three months ended in Dec. 2014 was $-23 Mil. DR Horton Inc spent $23 Mil paying cash dividends to shareholders.

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

DR Horton Inc's other financing for the three months ended in Dec. 2014 was $1 Mil. DR Horton Inc received $1 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.

DR Horton Inc Annual Data

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
Net Issuance of Stock 25-2413000-39513045
Net Issuance of Debt 1,3921,113-1,716-623-469-1,002-489748963631
Net Issuance of Preferred 0000000000
Dividends -97-138-188-142-48-48-48-48-60-49
Other Financing -0-239258104103071
Cash from Financing 1,321712-1,634-756-512-1,039-572752939628

DR Horton Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Net Issuance of Stock 216030326045516
Net Issuance of Debt 82666-198413-563897921839213
Net Issuance of Preferred 0000000000
Dividends -600000-12-14-23-23-23
Other Financing 0010-211113-4416
Cash from Financing 24682-188421-524047919722212
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