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Pfizer Inc (NYSE:PFE)
Cash from Financing
$-9,986 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, Pfizer Inc paid $1,199 Mil more to buy back shares than it received from issuing new shares. It spent $403 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $1,639 Mil paying cash dividends to shareholders. It received $315 Mil on other financial activities. In all, Pfizer Inc spent $2,926 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.

Pfizer Inc'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
=-5000+549+0+-6609+1074
=-9,986

Pfizer Inc'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
=-1199+-403+0+-1639+315
=-2,926

Pfizer Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2014 was -2133 (Mar. 2014 ) + -2040 (Jun. 2014 ) + -2887 (Sep. 2014 ) + -2926 (Dec. 2014 ) = $-9,986 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.

Pfizer Inc's net issuance of stock for the three months ended in Dec. 2014 was $-1,199 Mil. Pfizer Inc paid $1,199 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.

Pfizer Inc's net issuance of debt for the three months ended in Dec. 2014 was $-403 Mil. Pfizer Inc spent $403 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.

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

Pfizer Inc's cash flow for dividends for the three months ended in Dec. 2014 was $-1,639 Mil. Pfizer Inc spent $1,639 Mil paying cash dividends to shareholders.

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

Pfizer Inc's other financing for the three months ended in Dec. 2014 was $315 Mil. Pfizer Inc received $315 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.

Pfizer Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock -3,346-6,247-9,535-5000-1,000-9,000-8,228-16,290-5,000
Net Issuance of Debt -321-9,9344,9002,40720,120-4,152-5,541-1,7256,036549
Net Issuance of Preferred 0000000000
Dividends -5,555-6,919-7,975-8,541-5,548-6,088-6,234-6,534-6,580-6,609
Other Financing 00074-91661684881,8591,074
Cash from Financing -9,222-23,100-12,610-6,56014,481-11,174-20,607-15,999-14,975-9,986

Pfizer Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Net Issuance of Stock -1,835-3,394-4,626-3,263-3,754-4,647-1,197-1,323-1,281-1,199
Net Issuance of Debt 19-1,3536,107369-47636276765-89-403
Net Issuance of Preferred 0000000000
Dividends -1,632-1,619-1,735-1,701-1,590-1,554-1,662-1,658-1,650-1,639
Other Financing 157133688561189421450176133315
Cash from Financing -3,291-6,233434-4,034-5,631-5,744-2,133-2,040-2,887-2,926
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