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Cintas Corp (NAS:CTAS)
Cash from Financing
$-382 Mil (TTM As of Aug. 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 Aug. 2014, Cintas Corp paid $61 Mil more to buy back shares than it received from issuing new shares. It spent $0 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It received $0 Mil from paying cash dividends to shareholders. It received $20 Mil on other financial activities. In all, Cintas Corp spent $41 Mil on financial activities for the three months ended in Aug. 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.

Cintas Corp's Cash from Financing for the fiscal year that ended in May. 2014 is calculated as:

Cash from Financing(A: May. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-370.599+-8.187+0+-93.32+42.371
=-430

Cintas Corp's Cash from Financing for the quarter that ended in Aug. 2014 is

Cash from Financing(Q: Aug. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-61.439+-0.18+0+0+20.421
=-41

Cintas Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Aug. 2014 was -55.47 (Nov. 2013 ) + -81.758 (Feb. 2014 ) + -203.574 (May. 2014 ) + -41.198 (Aug. 2014 ) = $-382 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.

Cintas Corp's net issuance of stock for the three months ended in Aug. 2014 was $-61 Mil. Cintas Corp paid $61 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.

Cintas Corp's net issuance of debt for the three months ended in Aug. 2014 was $-0 Mil. Cintas Corp spent $0 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.

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

Cintas Corp's cash flow for dividends for the three months ended in Aug. 2014 was $0 Mil. Cintas Corp received $0 Mil from paying cash dividends to shareholders.

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

Cintas Corp's other financing for the three months ended in Aug. 2014 was $20 Mil. Cintas Corp received $20 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.

Cintas Corp Annual Data

May05May06May07May08May09May10May11May12May13May14
Net Issuance of Stock -48-309-188-191-26-1-444-392-216-371
Net Issuance of Debt -113268263-157-1500-124-8
Net Issuance of Preferred 0000000000
Dividends -55-59-62-71-72-74-72-71-80-93
Other Financing 616-12-31-1-541542
Cash from Financing -107-25-179-203-254-77-20-461-256-430

Cintas Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Net Issuance of Stock -130-78-81-28-29-107-57-0-206-61
Net Issuance of Debt -025-0-0-0-0-8-0-0-0
Net Issuance of Preferred 0000000000
Dividends 000-80000-93-00
Other Financing 2-226918912320
Cash from Financing -128-55-79-102-20-89-55-82-204-41
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