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Cognizant Technology Solutions Corp (NAS:CTSH)
Cash from Financing
$657 Mil (TTM As of Sep. 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 Sep. 2015, Cognizant Technology Solutions Corp paid $139 Mil more to buy back shares than it received from issuing new shares. It spent $113 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 $4 Mil on other financial activities. In all, Cognizant Technology Solutions Corp spent $249 Mil on financial activities for the three months ended in Sep. 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.

Cognizant Technology Solutions Corp's Cash from Financing for the fiscal year that ended in Dec. 2014 is calculated as:

Cash from Financing(A: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-146.862+1635.816+0+0+14.456
=1,503

Cognizant Technology Solutions Corp's Cash from Financing for the quarter that ended in Sep. 2015 is

Cash from Financing(Q: Sep. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-138.8+-113.4+0+0+3.7
=-249

Cognizant Technology Solutions Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2015 was 1611.798 (Dec. 2014 ) + -557.3 (Mar. 2015 ) + -149.1 (Jun. 2015 ) + -248.5 (Sep. 2015 ) = $657 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.

Cognizant Technology Solutions Corp's net issuance of stock for the three months ended in Sep. 2015 was $-139 Mil. Cognizant Technology Solutions Corp paid $139 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.

Cognizant Technology Solutions Corp's net issuance of debt for the three months ended in Sep. 2015 was $-113 Mil. Cognizant Technology Solutions Corp spent $113 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.

Cognizant Technology Solutions Corp's net issuance of preferred for the three months ended in Sep. 2015 was $0 Mil. Cognizant Technology Solutions 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.

Cognizant Technology Solutions Corp's cash flow for dividends for the three months ended in Sep. 2015 was $0 Mil. Cognizant Technology Solutions Corp received $0 Mil from paying cash dividends to shareholders.

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

Cognizant Technology Solutions Corp's other financing for the three months ended in Sep. 2015 was $4 Mil. Cognizant Technology Solutions Corp received $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 own currency.

Cognizant Technology Solutions Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock 5167274548-295-391-61-147-328
Net Issuance of Debt -2-1050000001,636-353
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 33421732723948311434
Cash from Financing 8344477120-255-343-311,503-648

Cognizant Technology Solutions Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
Net Issuance of Stock 2116-12-100-9-25-2-144-139-44
Net Issuance of Debt 000000-563-13-113336
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 7146611,63788415
Cash from Financing 2830-7-93-81,612-557-149-249307
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