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Goldman Sachs Group Inc (NYSE:GS)
Cash Flow from Financing
$13,432 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, Goldman Sachs Group Inc paid $1,483 Mil more to buy back shares than it received from issuing new shares. It received $2,341 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $468 Mil paying cash dividends to shareholders. It received $1,687 Mil on other financial activities. In all, Goldman Sachs Group Inc earned $2,077 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.

Goldman Sachs Group Inc's Cash from Financing for the fiscal year that ended in Dec. 2016 is calculated as:

Cash from Financing(A: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-6072+8703+132+-1706+12375
=13,432

Goldman Sachs Group 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
=-1483+2341+0+-468+1687
=2,077

Goldman Sachs Group Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 11136 (Mar. 2016 ) + -1436 (Jun. 2016 ) + 1655 (Sep. 2016 ) + 2077 (Dec. 2016 ) = $13,432 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.

Goldman Sachs Group Inc's net issuance of stock for the three months ended in Dec. 2016 was $-1,483 Mil. Goldman Sachs Group Inc paid $1,483 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.

Goldman Sachs Group Inc's net issuance of debt for the three months ended in Dec. 2016 was $2,341 Mil. Goldman Sachs Group Inc received $2,341 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.

Goldman Sachs Group Inc's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Goldman Sachs Group 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.

Goldman Sachs Group Inc's cash flow for dividends for the three months ended in Dec. 2016 was $-468 Mil. Goldman Sachs Group Inc spent $468 Mil paying cash dividends to shareholders.

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

Goldman Sachs Group Inc's other financing for the three months ended in Dec. 2016 was $1,687 Mil. Goldman Sachs Group Inc received $1,687 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.

Goldman Sachs Group Inc Annual Data

Nov07Nov08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -8,1654,0716,258-3,602-5,680-4,323-6,110-5,346-3,876-6,072
Net Issuance of Debt 72,083-23,987-25,79612,160-2,867-17,5424,68811,80517,6868,703
Net Issuance of Preferred 013,366-9,5740-3,8573,0879913691,992132
Dividends -831-850-2,205-1,443-2,771-1,086-1,302-1,454-1,681-1,706
Other Financing 10,30315,3018,4897248,26527,380-5,61813,62514,99712,375
Cash from Financing 73,3907,901-22,8287,839-6,9107,516-7,35118,99929,11813,432

Goldman Sachs Group Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock -1,206-1,179-98-1,048-1,551-1,555-1,738-1,296-1,4830
Net Issuance of Debt -6291,3348,2235,6532,4765,511-1,7232,5742,3410
Net Issuance of Preferred -182-11,99300150-12710900
Dividends -409-373-431-393-484-387-473-378-4680
Other Financing 5,2263,2923,0332,5516,1217,4172,6256461,6870
Cash from Financing 2,8003,07312,7206,7636,56211,136-1,4361,6552,0770
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