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GuruFocus has detected 1 Warning Sign with Kohl's Corp $KSS.
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Kohl's Corp (NYSE:KSS)
Cash Flow from Financing
$-1,025 Mil (TTM As of Jan. 2017)

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 Jan. 2017, Kohl's Corp paid $116 Mil more to buy back shares than it received from issuing new shares. It received $0 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $88 Mil paying cash dividends to shareholders. It spent $15 Mil on other financial activities. In all, Kohl's Corp spent $219 Mil on financial activities for the three months ended in Jan. 2017.


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.

Kohl's Corp's Cash from Financing for the fiscal year that ended in Jan. 2017 is calculated as:

Cash from Financing(A: Jan. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-557+0+0+-358+-110
=-1,025

Kohl's Corp's Cash from Financing for the quarter that ended in Jan. 2017 is

Kohl's Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Jan. 2017 was -250 (Apr. 2016 ) + -266 (Jul. 2016 ) + -290 (Oct. 2016 ) + -219 (Jan. 2017 ) = $-1,025 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.

Kohl's Corp's net issuance of stock for the three months ended in Jan. 2017 was $-116 Mil. Kohl's Corp paid $116 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.

Kohl's Corp's net issuance of debt for the three months ended in Jan. 2017 was $0 Mil. Kohl's Corp received $0 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.

Kohl's Corp's net issuance of preferred for the three months ended in Jan. 2017 was $0 Mil. Kohl's Corp 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.

Kohl's Corp's cash flow for dividends for the three months ended in Jan. 2017 was $-88 Mil. Kohl's Corp spent $88 Mil paying cash dividends to shareholders.

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

Kohl's Corp's other financing for the three months ended in Jan. 2017 was $-15 Mil. Kohl's Corp spent $15 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.

Kohl's Corp Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
Net Issuance of Stock -651-262-1-1,004-2,306-1,284-799-677-1,001-557
Net Issuance of Debt 976-16-60-572462363000-1600
Net Issuance of Preferred 0000000000
Dividends 0000-271-300-302-317-349-358
Other Financing 054878-7875-26-117-110
Cash from Financing 325-273-13-983-2,409-1,273-827-995-1,493-1,025

Kohl's Corp Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
Net Issuance of Stock -157-128-147-396-246-212-126-141-174-116
Net Issuance of Debt 0000000000
Net Issuance of Preferred 0000000000
Dividends -79-78-90-88-86-85-91-91-88-88
Other Financing 49-159817119-431-33-34-28-15
Cash from Financing -187-221-139-313-313-728-250-266-290-219
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