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Coventry Health Care, Inc. (NYSE:CVH)
Cash from Financing
$-328 Mil (TTM As of Mar. 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 Mar. 2013, Coventry Health Care, Inc. received $4 Mil more from issuing new shares than it paid to buy back shares. It received $0 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $17 Mil paying cash dividends to shareholders. It received $1 Mil on other financial activities. In all, Coventry Health Care, Inc. spent $13 Mil on financial activities for the three months ended in Mar. 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.

Coventry Health Care, Inc.'s Cash from Financing for the fiscal year that ended in Dec. 2012 is calculated as:

Cash from Financing(A: Dec. 2012 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-252.314+-233.903+0+-51.53+12.21
=-526

Coventry Health Care, Inc.'s Cash from Financing for the quarter that ended in Mar. 2013 is

Cash from Financing(Q: Mar. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=3.733+0+0+-16.815+0.565
=-13

Coventry Health Care, Inc. Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2013 was -292.778 (Jun. 2012 ) + -3.897 (Sep. 2012 ) + -18.667 (Dec. 2012 ) + -12.517 (Mar. 2013 ) = $-328 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.

Coventry Health Care, Inc.'s net issuance of stock for the three months ended in Mar. 2013 was $4 Mil. Coventry Health Care, Inc. received $4 Mil more from issuing new shares than it paid to buy back 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.

Coventry Health Care, Inc.'s net issuance of debt for the three months ended in Mar. 2013 was $0 Mil. Coventry Health Care, Inc. received $0 Mil from issuing more 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.

Coventry Health Care, Inc.'s net issuance of preferred for the three months ended in Mar. 2013 was $0 Mil. Coventry Health Care, Inc. 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.

Coventry Health Care, Inc.'s cash flow for dividends for the three months ended in Mar. 2013 was $-17 Mil. Coventry Health Care, Inc. spent $17 Mil paying cash dividends to shareholders.

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

Coventry Health Care, Inc.'s other financing for the three months ended in Mar. 2013 was $1 Mil. Coventry Health Care, Inc. received $1 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.

Coventry Health Care, Inc. Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
Net Issuance of Stock 91624-246-387-316-3211-292-252
Net Issuance of Debt 0000893245-2950210-234
Net Issuance of Preferred 0000000000
Dividends 000000000-52
Other Financing -5-973661232013812
Cash from Financing 4-81391-234537-71-32614-74-526

Coventry Health Care, Inc. Quarterly Data

Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
Net Issuance of Stock 14-43-26-98-12421-27911-64
Net Issuance of Debt 00210-00-2340000
Net Issuance of Preferred 0000000000
Dividends 000000-18-17-17-17
Other Financing 2260-033241
Cash from Financing 16-41189-98-124-210-293-4-19-13
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