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Northern Trust Corp (NAS:NTRS)
Cash from Financing
$7,491 Mil (TTM As of Sep. 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 Sep. 2014, Northern Trust Corp paid $77 Mil more to buy back shares than it received from issuing new shares. It received $1,642 Mil from issuing more debt. It received $389 Mil more from issuing preferred shares than it paid to buy back preferred shares. It spent $76 Mil paying cash dividends to shareholders. It received $3,399 Mil on other financial activities. In all, Northern Trust Corp earned $5,276 Mil on financial activities for the three months ended in Sep. 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.

Northern Trust Corp's Cash from Financing for the fiscal year that ended in Sep. 2013 is calculated as:

Cash from Financing(A: Sep. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-249.3+310.1+0+-291.1+1783.1
=1,553

Northern Trust Corp's Cash from Financing for the quarter that ended in Sep. 2014 is

Cash from Financing(Q: Sep. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-77.3+1641.9+388.5+-75.5+3398.5
=5,276

Northern Trust Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2014 was 0 (Dec. 2013 ) + 788.1 (Mar. 2014 ) + 1426.9 (Jun. 2014 ) + 5276.1 (Sep. 2014 ) = $7,491 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.

Northern Trust Corp's net issuance of stock for the three months ended in Sep. 2014 was $-77 Mil. Northern Trust Corp paid $77 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.

Northern Trust Corp's net issuance of debt for the three months ended in Sep. 2014 was $1,642 Mil. Northern Trust Corp received $1,642 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.

Northern Trust Corp's net issuance of preferred for the three months ended in Sep. 2014 was $389 Mil. Northern Trust Corp received $389 Mil more from issuing preferred shares than it paid to buy back preferred shares.

4. Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Northern Trust Corp's cash flow for dividends for the three months ended in Sep. 2014 was $-76 Mil. Northern Trust Corp spent $76 Mil paying cash dividends to shareholders.

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

Northern Trust Corp's other financing for the three months ended in Sep. 2014 was $3,399 Mil. Northern Trust Corp received $3,399 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.

Northern Trust Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Sep13
Net Issuance of Stock -112-115-43-8-68736-6-790-249
Net Issuance of Debt -1,2393491,852-1,837-1,046704-3492500310
Net Issuance of Preferred 00001,576-1,5760000
Dividends -167-184-201-220-248-307-273-2740-291
Other Financing 4,7684,4735,1997,52512,1628641,77315,90701,783
Cash from Financing 3,2504,5236,8075,46012,3764211,14515,80401,553

Northern Trust Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Net Issuance of Stock -36-500-74-15-970-163-75-77
Net Issuance of Debt -88-2670856200-4770-1,006-1,2421,642
Net Issuance of Preferred 000000000389
Dividends -69-730-1-71-750-75-75-76
Other Financing 3,102-7840-5,4494,117-1,34102,0322,8183,399
Cash from Financing 2,909-1,1740-4,6684,231-1,98907881,4275,276
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