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Directv (NAS:DTV)
Cash from Financing
\$-1,706 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, Directv paid \$0 Mil more to buy back shares than it received from issuing new shares. It spent \$1,238 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 spent \$33 Mil on other financial activities. In all, Directv spent \$1,271 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.

Directv'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 = -1386 + 1315 + 0 + 0 + -97 = -168

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

 Cash from Financing (Q: Mar. 2015 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred + Dividends + Other Financing = 0 + -1238 + 0 + 0 + -33 = -1,271

Directv Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2015 was -1396 (Jun. 2014 ) + -112 (Sep. 2014 ) + 1073 (Dec. 2014 ) + -1271 (Mar. 2015 ) = \$-1,706 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.

Directv's net issuance of stock for the three months ended in Mar. 2015 was \$0 Mil. Directv paid \$0 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.

Directv's net issuance of debt for the three months ended in Mar. 2015 was \$-1,238 Mil. Directv spent \$1,238 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.

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

Directv's cash flow for dividends for the three months ended in Mar. 2015 was \$0 Mil. Directv received \$0 Mil from paying cash dividends to shareholders.

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

Directv's other financing for the three months ended in Mar. 2015 was \$-33 Mil. Directv spent \$33 Mil on other financial activities.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Directv Annual Data

 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Net Issuance of Stock 45 -2,720 -1,907 -3,174 -1,696 -5,111 -5,496 -5,175 -4,000 -1,386 Net Issuance of Debt 904 -110 -339 2,301 105 2,029 2,767 3,997 1,863 1,315 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends 0 0 0 0 0 -15 0 0 0 0 Other Financing -4 2 7 273 -46 -113 -63 -64 -39 -97 Cash from Financing 945 -2,828 -2,239 -600 -1,637 -3,210 -2,792 -1,242 -2,176 -168

Directv Quarterly Data

 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Net Issuance of Stock -1,347 -1,608 -360 -1,260 -772 -895 -491 0 0 0 Net Issuance of Debt 347 895 432 304 232 1,229 -900 -88 1,074 -1,238 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends 0 0 0 0 0 0 0 0 0 0 Other Financing -3 -41 1 1 0 -67 -5 -24 -1 -33 Cash from Financing -1,003 -754 73 -955 -540 267 -1,396 -112 1,073 -1,271
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