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Carnival Corporation (NYSE:CCL)
Cash from Financing
$-739 Mil (TTM As of Feb. 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 Feb. 2014, Carnival Corporation paid $0 Mil more to buy back shares than it received from issuing new shares. It received $32 Mil from issuing more 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 received $0 Mil on other financial activities. In all, Carnival Corporation spent $162 Mil on financial activities for the three months ended in Feb. 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 Corporation'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 Corporation's Cash from Financing for the quarter that ended in Feb. 2014 is

Carnival Corporation Cash Flow from Financing for the trailing twelve months (TTM) ended in Feb. 2014 was 287 (May. 2013 ) + -113 (Aug. 2013 ) + -751 (Nov. 2013 ) + -162 (Feb. 2014 ) = $-739 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 Corporation's net issuance of stock for the three months ended in Feb. 2014 was $0 Mil. Carnival Corporation 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 Corporation's net issuance of debt for the three months ended in Feb. 2014 was $32 Mil. Carnival Corporation received $32 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.

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

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

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

Carnival Corporation's other financing for the three months ended in Feb. 2014 was $0 Mil. Carnival Corporation received $0 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 Corporation Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
Net Issuance of Stock 142-323-775-326-83821-454-90-103
Net Issuance of Debt 0006681,042268-1924-330479
Net Issuance of Preferred 0000000000
Dividends -400-566-803-990-1,261-314-237-671-779-1,164
Other Financing 179-336644-13-5542898
Cash from Financing -79-892-1,212-604-315-93-404-1,093-1,190-780

Carnival Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
Net Issuance of Stock -16600-69-21-78-25000
Net Issuance of Debt -130145736-958-25345551171-55832
Net Issuance of Preferred 0000000000
Dividends -197-194-194-196-195-582-195-193-194-194
Other Financing 8-1-93162-4910
Cash from Financing -485-50533-1,220-453-203287-113-751-162
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