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Carnival Corp (NYSE:CCL)
Cash from Financing
$-1,383 Mil (TTM As of May. 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 May. 2014, Carnival Corp paid $0 Mil more to buy back shares than it received from issuing new shares. It spent $156 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $194 Mil paying cash dividends to shareholders. It spent $7 Mil on other financial activities. In all, Carnival Corp spent $357 Mil on financial activities for the three months ended in May. 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.

Carnival Corp's Cash from Financing for the fiscal year that ended in Nov. 2013 is calculated as:

Cash from Financing(A: Nov. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-103+479+0+-1164+8
=-780

Carnival Corp's Cash from Financing for the quarter that ended in May. 2014 is

Carnival Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in May. 2014 was -113 (Aug. 2013 ) + -751 (Nov. 2013 ) + -162 (Feb. 2014 ) + -357 (May. 2014 ) = $-1,383 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.

Carnival Corp's net issuance of stock for the three months ended in May. 2014 was $0 Mil. Carnival Corp 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.

Carnival Corp's net issuance of debt for the three months ended in May. 2014 was $-156 Mil. Carnival Corp spent $156 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.

Carnival Corp's net issuance of preferred for the three months ended in May. 2014 was $0 Mil. Carnival 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.

Carnival Corp's cash flow for dividends for the three months ended in May. 2014 was $-194 Mil. Carnival Corp spent $194 Mil paying cash dividends to shareholders.

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

Carnival Corp's other financing for the three months ended in May. 2014 was $-7 Mil. Carnival Corp spent $7 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.

Carnival Corp Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
Net Issuance of Stock 142-323-775-275-83821-454-90-103
Net Issuance of Debt 00001,042155-1924-330479
Net Issuance of Preferred 0000000000
Dividends -400-566-803-990-1,261-314-237-671-779-1,164
Other Financing 179-3366661-135842898
Cash from Financing -79-892-1,212-604-315-93-404-1,093-1,190-780

Carnival Corp Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Net Issuance of Stock 0097-21-78-250000
Net Issuance of Debt 145736-958-25345551171-55832-156
Net Issuance of Preferred 0000000000
Dividends -194-194-196-195-582-195-193-194-194-194
Other Financing -1-9-163162-4910-7
Cash from Financing -50533-1,220-453-203287-113-751-162-357
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