Switch to:
GuruFocus has detected 4 Warning Signs with Bank of America Corporation $BAC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Bank of America Corporation (NYSE:BAC)
Cash Flow from Financing
$32,982 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, Bank of America Corporation paid $1,330 Mil more to buy back shares than it received from issuing new shares. It spent $2,480 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $1,163 Mil paying cash dividends to shareholders. It received $20,130 Mil on other financial activities. In all, Bank of America Corporation earned $15,157 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.

Bank of America Corporation'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
=-5112+-20326+2947+-4194+59667
=32,982

Bank of America Corporation'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
=-1330+-2480+0+-1163+20130
=15,157

Bank of America Corporation Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 29382 (Mar. 2016 ) + -15417 (Jun. 2016 ) + 3860 (Sep. 2016 ) + 15157 (Dec. 2016 ) = $32,982 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.

Bank of America Corporation's net issuance of stock for the three months ended in Dec. 2016 was $-1,330 Mil. Bank of America Corporation paid $1,330 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.

Bank of America Corporation's net issuance of debt for the three months ended in Dec. 2016 was $-2,480 Mil. Bank of America Corporation spent $2,480 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.

Bank of America Corporation's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Bank of America Corporation 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.

Bank of America Corporation's cash flow for dividends for the three months ended in Dec. 2016 was $-1,163 Mil. Bank of America Corporation spent $1,163 Mil paying cash dividends to shareholders.

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

Bank of America Corporation's other financing for the three months ended in Dec. 2016 was $20,130 Mil. Bank of America Corporation received $20,130 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.

Bank of America Corporation Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -2,67210,12713,468000-3,220-1,675-2,374-5,112
Net Issuance of Debt 71,268-58,852-159,889-90,402-100,077-107,206-3,935-17,003231-20,326
Net Issuance of Preferred 1,55834,7424,24405,000667-5,4535,9572,9642,947
Dividends -10,878-11,528-4,863-1,762-1,738-1,909-1,677-2,306-3,574-4,194
Other Financing 44,13614,816-52,52826,777-7,881150,864-81,1572,82651,33859,667
Cash from Financing 103,412-10,695-199,568-65,387-104,69642,416-95,442-12,20148,58532,982

Bank of America Corporation Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock 00-775-800-799-1,000-1,383-1,399-1,3300
Net Issuance of Debt -6,573-32613,876-10,831-2,488-5,361-1,953-10,532-2,4800
Net Issuance of Preferred 1,3962,9640002,069878000
Dividends -837-846-917-961-850-974-879-1,178-1,1630
Other Financing -9,70036,7205,646-1,34610,31834,648-12,08016,96920,1300
Cash from Financing -15,71438,51217,830-13,9386,18129,382-15,4173,86015,1570
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK