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Black Hills Corp (NYSE:BKH)
Cash from Financing
$1,144 Mil (TTM As of Mar. 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 Mar. 2016, Black Hills Corp received $8 Mil more from issuing new shares than it paid to buy back shares. It received $685 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $22 Mil paying cash dividends to shareholders. It spent $2 Mil on other financial activities. In all, Black Hills Corp earned $669 Mil on financial activities for the three months ended in Mar. 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.

Black Hills Corp's Cash from Financing for the fiscal year that ended in Dec. 2015 is calculated as:

Cash from Financing(A: Dec. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=248.759+26.8+0+-72.604+280.747
=484

Black Hills Corp's Cash from Financing for the quarter that ended in Mar. 2016 is

Cash from Financing(Q: Mar. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=7.821+684.759+0+-21.537+-2.409
=669

Black Hills Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2016 was 10.157 (Jun. 2015 ) + -10.298 (Sep. 2015 ) + 475.292 (Dec. 2015 ) + 668.634 (Mar. 2016 ) = $1,144 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.

Black Hills Corp's net issuance of stock for the three months ended in Mar. 2016 was $8 Mil. Black Hills Corp received $8 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.

Black Hills Corp's net issuance of debt for the three months ended in Mar. 2016 was $685 Mil. Black Hills Corp received $685 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.

Black Hills Corp's net issuance of preferred for the three months ended in Mar. 2016 was $0 Mil. Black Hills 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.

Black Hills Corp's cash flow for dividends for the three months ended in Mar. 2016 was $-22 Mil. Black Hills Corp spent $22 Mil paying cash dividends to shareholders.

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

Black Hills Corp's other financing for the three months ended in Mar. 2016 was $-2 Mil. Black Hills Corp spent $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.

Black Hills Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock 4151353123543249
Net Issuance of Debt 54-465372225188-30816014027
Net Issuance of Preferred 0000000000
Dividends -44-50-54-55-56-59-65-68-70-73
Other Financing -2-2-87-8-10-2-3-7917281
Cash from Financing 1252399-56161250-3711791484

Black Hills Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Net Issuance of Stock 111111112468
Net Issuance of Debt 12918333951282812-41685
Net Issuance of Preferred 0000000000
Dividends -17-17-17-17-17-18-18-18-18-22
Other Financing -79-2-1-021-2-1-5288-2
Cash from Financing 34-1152256910-10475669
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