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Sysco Corp (NYSE:SYY)
Cash from Financing
$1,643 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, Sysco Corp paid $600 Mil more to buy back shares than it received from issuing new shares. It received $349 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $173 Mil paying cash dividends to shareholders. It received $35 Mil on other financial activities. In all, Sysco Corp spent $390 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.

Sysco Corp's Cash from Financing for the fiscal year that ended in Jun. 2016 is calculated as:

Cash from Financing(A: Jun. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1949.445+-42.088+0+-698.869+285.671
=-2,405

Sysco 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
=-600.139+349.043+0+-173.292+34.729
=-390

Sysco Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2016 was -357.931 (Dec. 2015 ) + -304.408 (Mar. 2016 ) + 2695.012 (Jun. 2016 ) + -389.659 (Sep. 2016 ) = $1,643 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.

Sysco Corp's net issuance of stock for the three months ended in Sep. 2016 was $-600 Mil. Sysco Corp paid $600 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.

Sysco Corp's net issuance of debt for the three months ended in Sep. 2016 was $349 Mil. Sysco Corp received $349 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.

Sysco Corp's net issuance of preferred for the three months ended in Sep. 2016 was $0 Mil. Sysco 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.

Sysco Corp's cash flow for dividends for the three months ended in Sep. 2016 was $-173 Mil. Sysco Corp spent $173 Mil paying cash dividends to shareholders.

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

Sysco Corp's other financing for the three months ended in Sep. 2016 was $35 Mil. Sysco Corp received $35 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.

Sysco Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
Net Issuance of Stock -329-401-327-8441-173-722-3320-1,949
Net Issuance of Debt 17200496-4178357-138-1584,557-42
Net Issuance of Preferred 0000000000
Dividends -445-497-548-580-597-623-648-667-695-699
Other Financing 90-110-463324236286
Cash from Financing -748-699-380-667-378-443-874-9163,898-2,405

Sysco Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Net Issuance of Stock 000000000-600
Net Issuance of Debt -3082784,57924-324-4,3321,275-423,057349
Net Issuance of Preferred 0000000000
Dividends -169-170-171-176-179-179-169-175-175-173
Other Financing 64-24-66854074-1,464-87-18735
Cash from Financing -414854,342-66-463-4,437-358-3042,695-390
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