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 Feb. 2024,
Darden Restaurants paid$22 Mil more to buy back shares than it received from issuing new shares.
It spent$197 Mil paying down its debt.
It paid$0 Mil more to buy back preferred shares than it received from issuing preferred shares.
It spent$156 Mil paying cash dividends to shareholders.
It spent$0 Mil on other financial activities.
In all, Darden Restaurants
spent$375 Mil on financial activities for the
three
months ended in Feb. 2024.
Darden Restaurants Cash Flow from Financing Historical Data
The historical data trend for Darden Restaurants's Cash Flow from Financing can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Darden Restaurants Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Cash Flow from Financing
-484.20
138.70
-478.90
-1,609.70
-1,033.10
Darden Restaurants Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Cash Flow from Financing
-327.80
-170.40
409.40
-192.70
-375.20
Darden Restaurants Cash Flow from Financing Calculation
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.
Darden Restaurants's Cash from Financing for the fiscal year that ended in May. 2023 is calculated as:
Cash Flow from Financing for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-329 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Darden Restaurants (NYSE:DRI) Cash Flow from Financing Explanation
Cash from financing contains six items:
1. Issuance of Stock:
A company may raise cash from issuing new shares. Issuance of stock represents the cash inflow from offering common stock, which is the additional capital contribution to the entity during the period.
Darden Restaurants's issuance of stock for the
three
months ended in Feb. 2024 was $11 Mil.
2. Repurchase of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. Repurchase of stock represents the cash outflow to reacquire common stock during the period.
Darden Restaurants's repurchase of stock for the
three
months ended in Feb. 2024 was $-33 Mil.
3. 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.
Darden Restaurants's net issuance of debt for the
three
months ended in Feb. 2024 was $-197 Mil.
Darden Restaurants spent$197 Mil paying down its debt.
4. Net Issuance of Preferred Stock:
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.
Darden Restaurants's net issuance of preferred for the
three
months ended in Feb. 2024 was $0 Mil.
Darden Restaurants paid$0 Mil more to buy back preferred shares than it received from issuing preferred shares.
5. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.
Darden Restaurants's cash flow for dividends for the
three
months ended in Feb. 2024 was $-156 Mil.
Darden Restaurants spent$156 Mil paying cash dividends to shareholders.
6. Other Financing:
Money spent or earned by company from other financial activities.
Darden Restaurants's other financing for the
three
months ended in Feb. 2024 was $-0 Mil.
Darden Restaurants spent$0 Mil on other financial activities.
Darden Restaurants Cash Flow from Financing Related Terms
Thank you for viewing the detailed overview of Darden Restaurants's Cash Flow from Financing provided by GuruFocus.com. Please click on the following links to see related term pages.
Darden Restaurants (Darden Restaurants) Business Description
Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.
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