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GuruFocus has detected 4 Warning Signs with Northern Trust Corp $NTRS.
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Northern Trust Corp (NAS:NTRS)
Cash Flow from Financing
$-214 Mil (TTM As of Sep. 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 Sep. 2016, Northern Trust Corp paid $65 Mil more to buy back shares than it received from issuing new shares. It spent $2,040 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $88 Mil paying cash dividends to shareholders. It received $885 Mil on other financial activities. In all, Northern Trust Corp spent $1,307 Mil on financial activities for the three months ended in Sep. 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.

Northern Trust Corp's Cash from Financing for the fiscal year that ended in Dec. 2015 is calculated as:

Cash from Financing(A: Dec. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-496.9+2081.8+0+-348.4+7297.6
=8,534

Northern Trust Corp's Cash from Financing for the quarter that ended in Sep. 2016 is

Cash from Financing(Q: Sep. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-65+-2039.5+0+-87.7+884.9
=-1,307

Northern Trust Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2016 was -3035.3 (Dec. 2015 ) + 3.4 (Mar. 2016 ) + 4125.4 (Jun. 2016 ) + -1307.3 (Sep. 2016 ) = $-214 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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. 2016 was $-65 Mil. Northern Trust Corp paid $65 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. 2016 was $-2,040 Mil. Northern Trust Corp spent $2,040 Mil paying down its 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. 2016 was $0 Mil. Northern Trust Corp 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.

Northern Trust Corp's cash flow for dividends for the three months ended in Sep. 2016 was $-88 Mil. Northern Trust Corp spent $88 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. 2016 was $885 Mil. Northern Trust Corp received $885 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 local exchange's currency.

Northern Trust Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -8-68736-6-79-162-310-481-4970
Net Issuance of Debt -1,837-1,046704-349250-8591,204-8042,0820
Net Issuance of Preferred 01,576-1,576000038900
Dividends -220-248-307-273-274-354-221-303-3480
Other Financing 7,52512,1628641,77315,907-1,6973,7148,2737,2980
Cash from Financing 5,46012,3764211,14515,804-3,0734,3887,0748,5340

Northern Trust Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock -77-166-107-97-141-153-140-141-650
Net Issuance of Debt 1,642-199834483800-35-292,022-2,0400
Net Issuance of Preferred 0000000000
Dividends -76-78-87-83-90-89-89-88-880
Other Financing 3,78725-2,83212,118770-2,7592612,3328850
Cash from Financing 5,276-417-2,19112,4211,340-3,03534,125-1,3070
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