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Western Digital Corp (NAS:WDC)
Cash from Financing
$-789 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, Western Digital Corp received $10 Mil more from issuing new shares than it paid to buy back shares. It spent $301 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $116 Mil paying cash dividends to shareholders. It received $3 Mil on other financial activities. In all, Western Digital Corp spent $404 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.

Western Digital Corp's Cash from Financing for the fiscal year that ended in Jun. 2015 is calculated as:

Cash from Financing(A: Jun. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-758+130+0+-396+-45
=-1,069

Western Digital Corp's Cash from Financing for the quarter that ended in Mar. 2016 is

Western Digital Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2016 was -35 (Jun. 2015 ) + -215 (Sep. 2015 ) + -135 (Dec. 2015 ) + -404 (Mar. 2016 ) = $-789 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.

Western Digital Corp's net issuance of stock for the three months ended in Mar. 2016 was $10 Mil. Western Digital Corp received $10 Mil more from issuing new shares than it paid to buy back 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.

Western Digital Corp's net issuance of debt for the three months ended in Mar. 2016 was $-301 Mil. Western Digital Corp spent $301 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.

Western Digital Corp's net issuance of preferred for the three months ended in Mar. 2016 was $0 Mil. Western Digital 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.

Western Digital Corp's cash flow for dividends for the three months ended in Mar. 2016 was $-116 Mil. Western Digital Corp spent $116 Mil paying cash dividends to shareholders.

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

Western Digital Corp's other financing for the three months ended in Mar. 2016 was $3 Mil. Western Digital Corp received $3 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.

Western Digital Corp Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
Net Issuance of Stock 24-435-8798-530-657-629-758
Net Issuance of Debt -23-43237-27-82-1061,282-230475130
Net Issuance of Preferred 0000000000
Dividends 0000000-181-259-396
Other Financing -0084-29-13-8672028-45
Cash from Financing 1-86326-64-16-106819-1,048-385-1,069

Western Digital Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Net Issuance of Stock -75-216-210-184-236-206-132-453910
Net Issuance of Debt -57121-31-31-32-31224-31-32-301
Net Issuance of Preferred 0000000000
Dividends -59-71-70-94-93-93-116-115-116-116
Other Financing 161314-37-1114-11-24-263
Cash from Financing -175-153-297-346-372-316-35-215-135-404
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