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Macerich Co (NYSE:MAC)
Cash from Financing
$-438 Mil (TTM As of Dec. 2015)

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. 2015, Macerich Co paid $0 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 $464 Mil paying cash dividends to shareholders. It spent $417 Mil on other financial activities. In all, Macerich Co spent $584 Mil on financial activities for the three months ended in Dec. 2015.


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.

Macerich Co's Cash from Financing for the fiscal year that ended in Dec. 2015 is calculated as:

Cash from Financing(A: Dec. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-398.632+796.458+0+-810.607+-24.969
=-438

Macerich Co's Cash from Financing for the quarter that ended in Dec. 2015 is

Cash from Financing(Q: Dec. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+296.982+0+-463.547+-417.395
=-584

Macerich Co Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2015 was 21.144 (Mar. 2015 ) + 189.516 (Jun. 2015 ) + -64.45 (Sep. 2015 ) + -583.96 (Dec. 2015 ) = $-438 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.

Macerich Co's net issuance of stock for the three months ended in Dec. 2015 was $0 Mil. Macerich Co paid $0 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.

Macerich Co's net issuance of debt for the three months ended in Dec. 2015 was $297 Mil. Macerich Co 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.

Macerich Co's net issuance of preferred for the three months ended in Dec. 2015 was $0 Mil. Macerich Co 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.

Macerich Co's cash flow for dividends for the three months ended in Dec. 2015 was $-464 Mil. Macerich Co spent $464 Mil paying cash dividends to shareholders.

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

Macerich Co's other financing for the three months ended in Dec. 2015 was $-417 Mil. Macerich Co spent $417 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.

Macerich Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock 747-7593841,22211771721-399
Net Issuance of Debt 0762576-858-659-51822-478352796
Net Issuance of Preferred 0000000000
Dividends -294-271-275-98-240-338-326-375-401-811
Other Financing -424-61-22176-29-16-62-9-82-25
Cash from Financing 29355288-397294-404611-690-130-438

Macerich Co Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
Net Issuance of Stock 0000000000
Net Issuance of Debt -392-2330150172-014130454297
Net Issuance of Preferred 0000000000
Dividends -93-99-100-99-98-103-116-114-117-464
Other Financing -1-0-101-10-61-4-1-2-417
Cash from Financing -486-123-805163-16421190-64-584
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