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GuruFocus has detected 10 Warning Signs with Leucadia National Corp $LUK.
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Leucadia National Corp (NYSE:LUK)
Cash Flow from Financing
$231 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, Leucadia National Corp paid $35 Mil more to buy back shares than it received from issuing new shares. It received $297 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 $106 Mil on other financial activities. In all, Leucadia National Corp earned $345 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.

Leucadia National Corp'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
=-93.958+215.881+0+-91.296+200.279
=231

Leucadia National Corp'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
=-35.068+297.354+0+-22.663+105.751
=345

Leucadia National Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 411.024 (Mar. 2016 ) + -507.159 (Jun. 2016 ) + -18.333 (Sep. 2016 ) + 345.374 (Dec. 2016 ) = $231 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.

Leucadia National Corp's net issuance of stock for the three months ended in Dec. 2016 was $-35 Mil. Leucadia National Corp paid $35 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.

Leucadia National Corp's net issuance of debt for the three months ended in Dec. 2016 was $297 Mil. Leucadia National Corp received $297 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.

Leucadia National Corp's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Leucadia National 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.

Leucadia National Corp's cash flow for dividends for the three months ended in Dec. 2016 was $-23 Mil. Leucadia National Corp spent $23 Mil paying cash dividends to shareholders.

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

Leucadia National Corp's other financing for the three months ended in Dec. 2016 was $106 Mil. Leucadia National Corp received $106 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.

Leucadia National Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 25310611170-34-74-125-94
Net Issuance of Debt 942737117-51-57256568-654216
Net Issuance of Preferred 0000000000
Dividends -5600-61-61-61-91-93-93-91
Other Financing 5-4-30-2-1-19-201516219200
Cash from Financing 1,145175-2265-107-652-271918-652231

Leucadia National Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock -3-21-26-3-91-4-9-25-25-35
Net Issuance of Debt -55-118512-125-942-99229-418108297
Net Issuance of Preferred 0000000000
Dividends -23-23-23-23-23-23-23-23-23-23
Other Financing 521-20246-5778-48215-42-78106
Cash from Financing 440-182708-208-979-173411-507-18345
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