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Carnival Corp (NYSE:CCL)
Cash from Financing
$-1,859 Mil (TTM As of Aug. 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 Aug. 2016, Carnival Corp paid $709 Mil more to buy back shares than it received from issuing new shares. It spent $70 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $262 Mil paying cash dividends to shareholders. It spent $4 Mil on other financial activities. In all, Carnival Corp spent $1,045 Mil on financial activities for the three months ended in Aug. 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.

Carnival Corp's Cash from Financing for the fiscal year that ended in Nov. 2015 is calculated as:

Cash from Financing(A: Nov. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-269+170+0+-816+-27
=-942

Carnival Corp's Cash from Financing for the quarter that ended in Aug. 2016 is

Cash from Financing(Q: Aug. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-709+-70+0+-262+-4
=-1,045

Carnival Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Aug. 2016 was 567 (Nov. 2015 ) + -947 (Feb. 2016 ) + -434 (May. 2016 ) + -1045 (Aug. 2016 ) = $-1,859 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.

Carnival Corp's net issuance of stock for the three months ended in Aug. 2016 was $-709 Mil. Carnival Corp paid $709 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 Aug. 2016 was $-70 Mil. Carnival Corp spent $70 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 Aug. 2016 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 Aug. 2016 was $-262 Mil. Carnival Corp spent $262 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 Aug. 2016 was $-4 Mil. Carnival Corp spent $4 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.

Carnival Corp Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
Net Issuance of Stock -775-326-83821-454-90-1030-269
Net Issuance of Debt 06681,042268-1924-330479-223170
Net Issuance of Preferred 0000000000
Dividends -803-990-1,261-314-237-671-779-1,164-776-816
Other Financing 36644-13-5542898-29-27
Cash from Financing -1,212-604-315-93-404-1,093-1,190-780-1,028-942

Carnival Corp Quarterly Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
Net Issuance of Stock 0000000-876-485-709
Net Issuance of Debt -156-465366346-815-4561,095162282-70
Net Issuance of Preferred 0000000000
Dividends -194-194-194-194-194-196-232-232-227-262
Other Financing -7-10-12-1-34-296-1-4-4
Cash from Financing -357-669160151-1,012-648567-947-434-1,045
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