Switch to:
Energy Company of Minas Gerais (NYSE:CIG)
Cash from Financing
$-2,546 Mil (TTM As of Dec. 2013)

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 Dec. 2013, Energy Company of Minas Gerais paid $0 Mil more to buy back shares than it received from issuing new shares. It spent $95 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $697 Mil paying cash dividends to shareholders. It received $0 Mil on other financial activities. In all, Energy Company of Minas Gerais spent $792 Mil on financial activities for the three months ended in Dec. 2013.


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.

Energy Company of Minas Gerais's Cash from Financing for the fiscal year that ended in Dec. 2013 is calculated as:

Cash from Financing(A: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+-475.691533948+0+-1927.91282481+0
=-2,404

Energy Company of Minas Gerais's Cash from Financing for the quarter that ended in Dec. 2013 is

Cash from Financing(Q: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+-95.1383067896+0+-696.563285834+1.13686837722E-13
=-792

Energy Company of Minas Gerais Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was -418.145956607 (Dec. 2012 ) + -1167.85079929 (Jun. 2013 ) + -168.190127971 (Sep. 2013 ) + -791.701592624 (Dec. 2013 ) = $-2,546 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.

Energy Company of Minas Gerais's net issuance of stock for the three months ended in Dec. 2013 was $0 Mil. Energy Company of Minas Gerais 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.

Energy Company of Minas Gerais's net issuance of debt for the three months ended in Dec. 2013 was $-95 Mil. Energy Company of Minas Gerais spent $95 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.

Energy Company of Minas Gerais's net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. Energy Company of Minas Gerais 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.

Energy Company of Minas Gerais's cash flow for dividends for the three months ended in Dec. 2013 was $-697 Mil. Energy Company of Minas Gerais spent $697 Mil paying cash dividends to shareholders.

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

Energy Company of Minas Gerais's other financing for the three months ended in Dec. 2013 was $0 Mil. Energy Company of Minas Gerais 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.

Energy Company of Minas Gerais Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 0000000000
Net Issuance of Debt 0307763163-2732,3618671,141176-476
Net Issuance of Preferred 0000000000
Dividends -115-217-969-753-375-526-1,092-1,140-862-1,928
Other Financing 45000000-000
Cash from Financing -7091-206-591-6481,835-2251-686-2,404

Energy Company of Minas Gerais Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Jun13Sep13Dec13
Net Issuance of Stock 0000000000
Net Issuance of Debt 208-1831,153-20139200121-459-54-95
Net Issuance of Preferred 0000000000
Dividends -342-35-806-50-318-5390-843-697
Other Financing 0-00-0-3153150-7097290
Cash from Financing -134-218347-206-275196-418-1,168-168-792
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide