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Annaly Capital Management, Inc. (NYSE:NLY)
Cash from Financing
$-24,719 Mil (TTM As of Dec. 2013)

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. 2013, Annaly Capital Management, Inc. paid $0 Mil more to buy back shares than it received from issuing new shares. It received $0 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $350 Mil paying cash dividends to shareholders. It spent $103 Mil on other financial activities. In all, Annaly Capital Management, Inc. spent $453 Mil on financial activities for the three months ended in Dec. 2013.


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.

Annaly Capital Management, Inc.'s Cash from Financing for the fiscal year that ended in Dec. 2013 is calculated as:

Cash from Financing(A: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-141.149+0+0+-1640.748+-22936.952
=-24,719

Annaly Capital Management, Inc.'s Cash from Financing for the quarter that ended in Dec. 2013 is

Cash from Financing(Q: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+0+0+-349.549+-103.008
=-453

Annaly Capital Management, Inc. Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was -2022.094 (Mar. 2013 ) + -9196.019 (Jun. 2013 ) + -13048.179 (Sep. 2013 ) + -452.557 (Dec. 2013 ) = $-24,719 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.

Annaly Capital Management, Inc.'s net issuance of stock for the three months ended in Dec. 2013 was $0 Mil. Annaly Capital Management, Inc. 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.

Annaly Capital Management, Inc.'s net issuance of debt for the three months ended in Dec. 2013 was $0 Mil. Annaly Capital Management, Inc. received $0 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.

Annaly Capital Management, Inc.'s net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. Annaly Capital Management, 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.

Annaly Capital Management, Inc.'s cash flow for dividends for the three months ended in Dec. 2013 was $-350 Mil. Annaly Capital Management, Inc. spent $350 Mil paying cash dividends to shareholders.

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

Annaly Capital Management, Inc.'s other financing for the three months ended in Dec. 2013 was $-103 Mil. Annaly Capital Management, Inc. spent $103 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.

Annaly Capital Management, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 404419352,486001,0475,352-256-141
Net Issuance of Debt 5,695-3,13213,93818,5330058201100
Net Issuance of Preferred 1770111000007360
Dividends -230-190-96-264-975-1,269-1,599-2,041-2,150-1,641
Other Financing -0-0161962,943-1,6151,73120,10112,235-22,937
Cash from Financing 6,046-3,28114,90520,9511,968-2,8841,76123,41110,675-24,719

Annaly Capital Management, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock 2,4100000-256-141000
Net Issuance of Debt 000728-357-2600000
Net Issuance of Preferred 00029144500000
Dividends -544-586-557-541-545-507-450-426-415-350
Other Financing 7,665-2133,3145,1261,5202,276-1,431-8,770-12,633-103
Cash from Financing 9,531-7992,7575,6031,0631,253-2,022-9,196-13,048-453
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