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Yum Brands Inc (NYSE:YUM)
Cash Flow from Financing
$-677 Mil (TTM As of Dec. 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 Dec. 2016, Yum Brands Inc paid $1,750 Mil more to buy back shares than it received from issuing new shares. It spent $16 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $185 Mil paying cash dividends to shareholders. It received $291 Mil on other financial activities. In all, Yum Brands Inc spent $1,660 Mil on financial activities for the three months ended in Dec. 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.

Yum Brands Inc's Cash from Financing for the fiscal year that ended in Dec. 2016 is calculated as:

Cash from Financing(A: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-5402+5275+0+-744+194
=-677

Yum Brands Inc's Cash from Financing for the quarter that ended in Dec. 2016 is

Cash from Financing(Q: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1750+-16+0+-185+291
=-1,660

Yum Brands Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -243 (Mar. 2016 ) + -295 (Jun. 2016 ) + 1521 (Sep. 2016 ) + -1660 (Dec. 2016 ) = $-677 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.

Yum Brands Inc's net issuance of stock for the three months ended in Dec. 2016 was $-1,750 Mil. Yum Brands Inc paid $1,750 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.

Yum Brands Inc's net issuance of debt for the three months ended in Dec. 2016 was $-16 Mil. Yum Brands Inc spent $16 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.

Yum Brands Inc's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Yum Brands 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.

Yum Brands Inc's cash flow for dividends for the three months ended in Dec. 2016 was $-185 Mil. Yum Brands Inc spent $185 Mil paying cash dividends to shareholders.

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

Yum Brands Inc's other financing for the three months ended in Dec. 2016 was $291 Mil. Yum Brands Inc received $291 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.

Yum Brands Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -1,298-1,6280-371-752-965-770-820-1,200-5,402
Net Issuance of Debt 831375-332313-262-282-673516335,275
Net Issuance of Preferred 0000000000
Dividends -273-322-362-412-481-544-615-669-730-744
Other Financing 6211615213382751399239194
Cash from Financing -678-1,459-542-337-1,413-1,716-1,451-739-1,058-677

Yum Brands Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock -210-310-124-163-83-830-925-634-2,093-1,750
Net Issuance of Debt 219-41508-1847598745593,858-16
Net Issuance of Preferred 0000000000
Dividends -163-179-178-177-177-198-192-187-180-185
Other Financing 13776212300-33-64291
Cash from Financing -153-153-246-330-443-39-243-2951,521-1,660
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