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Marriott International Inc (NAS:MAR)
Cash from Financing
$-1,847 Mil (TTM As of Mar. 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 Mar. 2016, Marriott International Inc paid $242 Mil more to buy back shares than it received from issuing new shares. It received $49 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $64 Mil paying cash dividends to shareholders. It spent $9 Mil on other financial activities. In all, Marriott International Inc spent $266 Mil on financial activities for the three months ended in Mar. 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.

Marriott International Inc's Cash from Financing for the fiscal year that ended in Dec. 2014 is calculated as:

Cash from Financing(A: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1332+622+0+-223+0
=-933

Marriott International Inc's Cash from Financing for the quarter that ended in Mar. 2016 is

Marriott International Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2016 was -844 (Jun. 2015 ) + -394 (Sep. 2015 ) + -343 (Dec. 2015 ) + -266 (Mar. 2016 ) = $-1,847 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.

Marriott International Inc's net issuance of stock for the three months ended in Mar. 2016 was $-242 Mil. Marriott International Inc paid $242 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.

Marriott International Inc's net issuance of debt for the three months ended in Mar. 2016 was $49 Mil. Marriott International Inc received $49 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.

Marriott International Inc's net issuance of preferred for the three months ended in Mar. 2016 was $0 Mil. Marriott International 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.

Marriott International Inc's cash flow for dividends for the three months ended in Mar. 2016 was $-64 Mil. Marriott International Inc spent $64 Mil paying cash dividends to shareholders.

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

Marriott International Inc's other financing for the three months ended in Mar. 2016 was $-9 Mil. Marriott International Inc spent $9 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.

Marriott International Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock -1,168-1,554-38327141-1,301-966-635-1,332-1,877
Net Issuance of Debt 147925126-782-595179750249622325
Net Issuance of Preferred 0000000000
Dividends -93-105-115-63-43-134-191-196-223-253
Other Financing 15-28160011-11-100
Cash from Financing -1,099-762-356-818-497-1,245-418-583-933-1,805

Marriott International Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Net Issuance of Stock -132-263-295-267-507-412-664-706-95-242
Net Issuance of Debt 41147100123252244-112377-18449
Net Issuance of Preferred 0000000000
Dividends -52-50-59-58-56-56-68-65-64-64
Other Financing 000000000-9
Cash from Financing -143-166-254-202-311-224-844-394-343-266
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