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Frontline Ltd (OSTO:FROo)
Cash from Financing
Kr437 Mil (TTM As of Mar. 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 Mar. 2016, Frontline Ltd paid Kr0 Mil more to buy back shares than it received from issuing new shares. It received Kr987 Mil from issuing more debt. It paid Kr0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent Kr466 Mil paying cash dividends to shareholders. It spent Kr140 Mil on other financial activities. In all, Frontline Ltd earned Kr382 Mil on financial activities for the three months ended in Mar. 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.

Frontline Ltd'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
=0+1040.65217391+0+-341.113043478+1209.26086957
=1,909

Frontline Ltd's Cash from Financing for the quarter that ended in Mar. 2016 is

Cash from Financing(Q: Mar. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+987.347457627+0+-465.508474576+-140.152542373
=382

Frontline Ltd Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2016 was -2595.5390625 (Jun. 2015 ) + -220.57995029 (Sep. 2015 ) + 2871.64347826 (Dec. 2015 ) + 381.686440678 (Mar. 2016 ) = Kr437 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.

Frontline Ltd's net issuance of stock for the three months ended in Mar. 2016 was Kr0 Mil. Frontline Ltd paid Kr0 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.

Frontline Ltd's net issuance of debt for the three months ended in Mar. 2016 was Kr987 Mil. Frontline Ltd received Kr987 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.

Frontline Ltd's net issuance of preferred for the three months ended in Mar. 2016 was Kr0 Mil. Frontline Ltd paid Kr0 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.

Frontline Ltd's cash flow for dividends for the three months ended in Mar. 2016 was Kr-466 Mil. Frontline Ltd spent Kr466 Mil paying cash dividends to shareholders.

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

Frontline Ltd's other financing for the three months ended in Mar. 2016 was Kr-140 Mil. Frontline Ltd spent Kr140 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.

Frontline Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock 001,46100003,238-3670
Net Issuance of Debt 0-9331,796-1,5441,167-2,836-140-297-5451,041
Net Issuance of Preferred 0000000000
Dividends -4,047-3,608-4,505-404-932-1010-9-269-341
Other Financing 568-00-0-0-53-357-98471,209
Cash from Financing -3,479-4,542-1,248-1,949235-2,989-4972,923-3341,909

Frontline Ltd Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Net Issuance of Stock 3,2292434334-75200000
Net Issuance of Debt -286-84-250164-330916-1,960-772,308987
Net Issuance of Preferred 0000000000
Dividends 00000-0-10-340-466
Other Financing 177-69-68-738271,129-634-143904-140
Cash from Financing 3,11990-275125-2542,045-2,596-2212,872382
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