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Morgan Stanley (NYSE:MS)
Cash from Financing
$23,143 Mil (TTM As of Dec. 2014)

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. 2014, Morgan Stanley paid $286 Mil more to buy back shares than it received from issuing new shares. It received $1,876 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $252 Mil paying cash dividends to shareholders. It received $8,851 Mil on other financial activities. In all, Morgan Stanley earned $10,189 Mil on financial activities for the three months ended in Dec. 2014.


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.

Morgan Stanley'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
=-1458+1567+2782+-904+21156
=23,143

Morgan Stanley's Cash from Financing for the quarter that ended in Dec. 2014 is

Cash from Financing(Q: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-286+1876+0+-252+8851
=10,189

Morgan Stanley Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2014 was 519 (Mar. 2014 ) + -1362 (Jun. 2014 ) + 13797 (Sep. 2014 ) + 10189 (Dec. 2014 ) = $23,143 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.

Morgan Stanley's net issuance of stock for the three months ended in Dec. 2014 was $-286 Mil. Morgan Stanley paid $286 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.

Morgan Stanley's net issuance of debt for the three months ended in Dec. 2014 was $1,876 Mil. Morgan Stanley received $1,876 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.

Morgan Stanley's net issuance of preferred for the three months ended in Dec. 2014 was $0 Mil. Morgan Stanley 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.

Morgan Stanley's cash flow for dividends for the three months ended in Dec. 2014 was $-252 Mil. Morgan Stanley spent $252 Mil paying cash dividends to shareholders.

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

Morgan Stanley's other financing for the three months ended in Dec. 2014 was $8,851 Mil. Morgan Stanley received $8,851 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.

Morgan Stanley Annual Data

Nov05Nov06Nov07Nov08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock -3,366-2,733-3,330-1,4316,2055,264-317-227-691-1,458
Net Issuance of Debt 31,38124,78425,463-28,471-1,376-379-6,920-26,779-21,5251,567
Net Issuance of Preferred 01,09700-10,9500001,6962,782
Dividends -1,180-1,167-1,219-1,227-1,732-1,488-1,625-469-475-904
Other Financing 5,24132,35917,17112,58510,8777663,71415,57823,62821,156
Cash from Financing 32,07654,34038,085-18,5443,0244,163-5,148-11,8972,63323,143

Morgan Stanley Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Net Issuance of Stock -31-5-306-8-137-240-672-292-208-286
Net Issuance of Debt -7,323-1,578-1,134-1,659-4,725-14,007-3,160-3,5226,3731,876
Net Issuance of Preferred 000085484201,7889940
Dividends -119-120-119-120-119-117-143-244-265-252
Other Financing 5,40312,415-2,603-4,44023,3257,3464,4949086,9038,851
Cash from Financing -2,07010,712-4,162-6,22719,198-6,176519-1,36213,79710,189
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