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Clorox Co (NYSE:CLX)
Cash from Financing
$-673 Mil (TTM As of Mar. 2015)

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. 2015, Clorox Co paid $25 Mil more to buy back shares than it received from issuing new shares. It spent $507 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $97 Mil paying cash dividends to shareholders. It received $0 Mil on other financial activities. In all, Clorox Co spent $629 Mil on financial activities for the three months ended in Mar. 2015.


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.

Clorox Co's Cash from Financing for the fiscal year that ended in Jun. 2014 is calculated as:

Cash from Financing(A: Jun. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-260+-60+0+-368+96
=-592

Clorox Co's Cash from Financing for the quarter that ended in Mar. 2015 is

Clorox Co Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2015 was -325 (Jun. 2014 ) + -184 (Sep. 2014 ) + 465 (Dec. 2014 ) + -629 (Mar. 2015 ) = $-673 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.

Clorox Co's net issuance of stock for the three months ended in Mar. 2015 was $-25 Mil. Clorox Co paid $25 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.

Clorox Co's net issuance of debt for the three months ended in Mar. 2015 was $-507 Mil. Clorox Co spent $507 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.

Clorox Co's net issuance of preferred for the three months ended in Mar. 2015 was $0 Mil. Clorox Co 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.

Clorox Co's cash flow for dividends for the three months ended in Mar. 2015 was $-97 Mil. Clorox Co spent $97 Mil paying cash dividends to shareholders.

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

Clorox Co's other financing for the three months ended in Mar. 2015 was $0 Mil. Clorox Co 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.

Clorox Co Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
Net Issuance of Stock -2,053-56-36-8290-70-655-225-128-260
Net Issuance of Debt 1,703-233-2371,437-323-354-213133-355-60
Net Issuance of Preferred 0000000000
Dividends -201-173-183-228-258-282-303-315-335-368
Other Financing -1000410938613396
Cash from Financing -552-462-456380-540-706-1,078-321-685-592

Clorox Co Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Net Issuance of Stock 0112-240-13071-122-79-8125-25
Net Issuance of Debt -349-113-190845651-251-90445-507
Net Issuance of Preferred 0000000000
Dividends -84-83-85-93-91-93-91-95-96-97
Other Financing 36-6413311-110969-90
Cash from Financing -397-148-382-12825-164-325-184465-629
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