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Moody's Corporation (NYSE:MCO)
Cash from Financing
$-719 Mil (TTM As of Mar. 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 Mar. 2015, Moody's Corporation paid $366 Mil more to buy back shares than it received from issuing new shares. It received $553 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $72 Mil paying cash dividends to shareholders. It received $9 Mil on other financial activities. In all, Moody's Corporation earned $124 Mil on financial activities for the three months ended in Mar. 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.

Moody's Corporation'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
=-1220.5+447.7+0+-247.8+-43.9
=-1,065

Moody's Corporation's Cash from Financing for the quarter that ended in Mar. 2015 is

Cash from Financing(Q: Mar. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-365.8+552.8+0+-72.4+9.3
=124

Moody's Corporation Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2015 was -279.1 (Jun. 2014 ) + 107.8 (Sep. 2014 ) + -671.1 (Dec. 2014 ) + 123.9 (Mar. 2015 ) = $-719 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.

Moody's Corporation's net issuance of stock for the three months ended in Mar. 2015 was $-366 Mil. Moody's Corporation paid $366 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.

Moody's Corporation's net issuance of debt for the three months ended in Mar. 2015 was $553 Mil. Moody's Corporation received $553 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.

Moody's Corporation's net issuance of preferred for the three months ended in Mar. 2015 was $0 Mil. Moody's Corporation 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.

Moody's Corporation's cash flow for dividends for the three months ended in Mar. 2015 was $-72 Mil. Moody's Corporation spent $72 Mil paying cash dividends to shareholders.

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

Moody's Corporation's other financing for the three months ended in Mar. 2015 was $9 Mil. Moody's Corporation received $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.

Moody's Corporation Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock -603-988-1,673-5930-224-334-197-893-1,221
Net Issuance of Debt -1-1845315-27548-11425433448
Net Issuance of Preferred 0000000000
Dividends -60-80-85-102-98-103-126-151-210-248
Other Financing -21035130253754126170-44
Cash from Financing -667-965-862-350-349-241-418203-499-1,065

Moody's Corporation Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Net Issuance of Stock -71-91-259-397-146-202-258-321-440-366
Net Issuance of Debt -32-32-324970004480553
Net Issuance of Preferred 0000000000
Dividends -37-51-47-56-56-65-62-61-60-72
Other Financing 4918683946454142-1719
Cash from Financing -92-156-27083-156-222-279108-671124
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