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Brown-Forman Corp (NYSE:BF.B)
Cash from Financing
$-336 Mil (TTM As of Oct. 2014)

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 Oct. 2014, Brown-Forman Corp paid $193 Mil more to buy back shares than it received from issuing new shares. It received $112 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $62 Mil paying cash dividends to shareholders. It spent $1 Mil on other financial activities. In all, Brown-Forman Corp spent $144 Mil on financial activities for the three months ended in Oct. 2014.


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.

Brown-Forman Corp's Cash from Financing for the fiscal year that ended in Apr. 2014 is calculated as:

Brown-Forman Corp's Cash from Financing for the quarter that ended in Oct. 2014 is

Cash from Financing(Q: Oct. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-193+112+0+-62+-1
=-144

Brown-Forman Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Oct. 2014 was -61 (Jan. 2014 ) + -74 (Apr. 2014 ) + -57 (Jul. 2014 ) + -144 (Oct. 2014 ) = $-336 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.

Brown-Forman Corp's net issuance of stock for the three months ended in Oct. 2014 was $-193 Mil. Brown-Forman Corp paid $193 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.

Brown-Forman Corp's net issuance of debt for the three months ended in Oct. 2014 was $112 Mil. Brown-Forman Corp received $112 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.

Brown-Forman Corp's net issuance of preferred for the three months ended in Oct. 2014 was $0 Mil. Brown-Forman 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.

Brown-Forman Corp's cash flow for dividends for the three months ended in Oct. 2014 was $-62 Mil. Brown-Forman Corp spent $62 Mil paying cash dividends to shareholders.

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

Brown-Forman Corp's other financing for the three months ended in Oct. 2014 was $-1 Mil. Brown-Forman Corp spent $1 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.

Brown-Forman Corp Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
Net Issuance of Stock 61627-223-41-158-136-2200-49
Net Issuance of Debt -50-55597-172-4-30257-2484933
Net Issuance of Preferred 0000000000
Dividends -111-128-143-362-169-174-326-192-1,063-233
Other Financing 27621-2-3-1-2-6-9
Cash from Financing -153-160487-736-216-637-406-662-576-288

Brown-Forman Corp Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Net Issuance of Stock 0000-1-4800-12-193
Net Issuance of Debt 21748-258114-35112
Net Issuance of Preferred 0000000000
Dividends -50-50-908-55-54-55-62-62-62-62
Other Financing 4-1-7-230-3-912-1
Cash from Financing -45-50-167-315-51-102-61-74-57-144
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