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Spectrum Brands Holdings Inc (NYSE:SPB)
Cash from Financing
$-130 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, Spectrum Brands Holdings Inc paid $5 Mil more to buy back shares than it received from issuing new shares. It received $125 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $13 Mil paying cash dividends to shareholders. It spent $30 Mil on other financial activities. In all, Spectrum Brands Holdings Inc earned $77 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.

Spectrum Brands Holdings Inc'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
=-3.208+1392.599+0+-40.108+-69.05
=1,280

Spectrum Brands Holdings 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
=-4.518+124.592+0+-13.167+-29.937
=77

Spectrum Brands Holdings Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was 43.067 (Mar. 2013 ) + -62.941 (Jun. 2013 ) + -187.588 (Sep. 2013 ) + 76.97 (Dec. 2013 ) = $-130 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.

Spectrum Brands Holdings Inc's net issuance of stock for the three months ended in Dec. 2013 was $-5 Mil. Spectrum Brands Holdings Inc paid $5 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.

Spectrum Brands Holdings Inc's net issuance of debt for the three months ended in Dec. 2013 was $125 Mil. Spectrum Brands Holdings Inc received $125 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.

Spectrum Brands Holdings Inc's net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. Spectrum Brands Holdings 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.

Spectrum Brands Holdings Inc's cash flow for dividends for the three months ended in Dec. 2013 was $-13 Mil. Spectrum Brands Holdings Inc spent $13 Mil paying cash dividends to shareholders.

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

Spectrum Brands Holdings Inc's other financing for the three months ended in Dec. 2013 was $-30 Mil. Spectrum Brands Holdings Inc spent $30 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.

Spectrum Brands Holdings Inc Annual Data

Sep09Sep10Sep11Sep12Sep13
Net Issuance of Stock 00000-0-2-3-31-3
Net Issuance of Debt 00000-80123-225871,393
Net Issuance of Preferred 0000000000
Dividends 00000000-51-40
Other Financing 0000016-5517-16-69
Cash from Financing 00000-6566-211-111,280

Spectrum Brands Holdings Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock 0-13-18-0000-0-3-5
Net Issuance of Debt -19322877-62-1551,55138-46-150125
Net Issuance of Preferred 0000000000
Dividends 0000-51-1-13-13-13-13
Other Financing 28-4-71-6-6318-3-22-30
Cash from Financing -16521152-61-2121,48843-63-18877
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