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GuruFocus has detected 2 Warning Signs with Anglogold Ashanti Ltd $AU.
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Anglogold Ashanti Ltd (NYSE:AU)
Cash Flow from Financing
$-1,761 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, Anglogold Ashanti Ltd paid $0 Mil more to buy back shares than it received from issuing new shares. It spent $417 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $26 Mil paying cash dividends to shareholders. It spent $168 Mil on other financial activities. In all, Anglogold Ashanti Ltd spent $611 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.

Anglogold Ashanti Ltd'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
=0+-546+0+-15+-202
=-763

Anglogold Ashanti Ltd'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
=0+-417+0+-26+-168
=-611

Anglogold Ashanti Ltd Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -932 (Sep. 2015 ) + -108 (Dec. 2015 ) + -110 (Jun. 2016 ) + -611 (Dec. 2016 ) = $-1,761 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.

Anglogold Ashanti Ltd's net issuance of stock for the three months ended in Dec. 2016 was $0 Mil. Anglogold Ashanti Ltd paid $0 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.

Anglogold Ashanti Ltd's net issuance of debt for the three months ended in Dec. 2016 was $-417 Mil. Anglogold Ashanti Ltd spent $417 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.

Anglogold Ashanti Ltd's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Anglogold Ashanti Ltd 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.

Anglogold Ashanti Ltd's cash flow for dividends for the three months ended in Dec. 2016 was $-26 Mil. Anglogold Ashanti Ltd spent $26 Mil paying cash dividends to shareholders.

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

Anglogold Ashanti Ltd's other financing for the three months ended in Dec. 2016 was $-168 Mil. Anglogold Ashanti Ltd spent $168 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.

Anglogold Ashanti Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 341,7223067981020000
Net Issuance of Debt 32323978-392-1591,215822-159-867-546
Net Issuance of Preferred 0000000000
Dividends -144-58-45-67-131-215-62-17-5-15
Other Financing 249-188-36-109-39-266-200-245-314-202
Cash from Financing 4621,715303230-319736560-421-1,186-763

Anglogold Ashanti Ltd Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Jun16Dec16
Net Issuance of Stock 0000000000
Net Issuance of Debt -156-56-57110-295-778-67-61-417
Net Issuance of Preferred 0000000000
Dividends 0-3-6-8-2-20-2-4-26
Other Financing -81-43-83-38-81-37-154-39-45-168
Cash from Financing -237-102-14664-112-34-932-108-110-611
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