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Airgas Inc (NYSE:ARG)
Cash from Financing
$-201 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, Airgas Inc received $4 Mil more from issuing new shares than it paid to buy back shares. It received $55 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $35 Mil paying cash dividends to shareholders. It received $2 Mil on other financial activities. In all, Airgas Inc earned $26 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.

Airgas Inc's Cash from Financing for the fiscal year that ended in Mar. 2013 is calculated as:

Cash from Financing(A: Mar. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-574.785+452.952+0+-122.202+128.349
=-116

Airgas 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
=4.177+54.949+0+-35.431+2.379
=26

Airgas Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was -49.483 (Mar. 2013 ) + -101.959 (Jun. 2013 ) + -75.551 (Sep. 2013 ) + 26.074 (Dec. 2013 ) = $-201 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.

Airgas Inc's net issuance of stock for the three months ended in Dec. 2013 was $4 Mil. Airgas Inc received $4 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.

Airgas Inc's net issuance of debt for the three months ended in Dec. 2013 was $55 Mil. Airgas Inc received $55 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.

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

Airgas Inc's cash flow for dividends for the three months ended in Dec. 2013 was $-35 Mil. Airgas Inc spent $35 Mil paying cash dividends to shareholders.

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

Airgas Inc's other financing for the three months ended in Dec. 2013 was $2 Mil. Airgas Inc received $2 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.

Airgas Inc Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
Net Issuance of Stock 13201727-3-1041510-285-575
Net Issuance of Debt -81132-22587208162-24836306453
Net Issuance of Preferred 0000000000
Dividends -12-14-18-22-32-46-63-84-95-122
Other Financing -3-018-93319183557128
Cash from Financing -83139-558320731-278-3-17-116

Airgas Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock 44444-218-365-444
Net Issuance of Debt -16-31-22-54-15207315-77-3855
Net Issuance of Preferred 0000000000
Dividends -24-24-25-31-31-31-30-35-35-35
Other Financing 818281112753114-62
Cash from Financing -28-34-14-69-3033-49-102-7626
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