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Consolidated Edison, Inc. (NYSE:ED)
Cash from Financing
$387 Mil (TTM As of Dec. 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 Dec. 2013, Consolidated Edison, Inc. paid $4 Mil more to buy back shares than it received from issuing new shares. It received $229 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $181 Mil paying cash dividends to shareholders. It received $6 Mil on other financial activities. In all, Consolidated Edison, Inc. earned $50 Mil on financial activities for the three months ended in Dec. 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.

Consolidated Edison, Inc.'s Cash from Financing for the fiscal year that ended in Dec. 2013 is calculated as:

Consolidated Edison, Inc.'s Cash from Financing for the quarter that ended in Dec. 2013 is

Consolidated Edison, Inc. Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was 485 (Mar. 2013 ) + 107 (Jun. 2013 ) + -255 (Sep. 2013 ) + 50 (Dec. 2013 ) = $387 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.

Consolidated Edison, Inc.'s net issuance of stock for the three months ended in Dec. 2013 was $-4 Mil. Consolidated Edison, Inc. paid $4 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.

Consolidated Edison, Inc.'s net issuance of debt for the three months ended in Dec. 2013 was $229 Mil. Consolidated Edison, Inc. received $229 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.

Consolidated Edison, Inc.'s net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. Consolidated Edison, 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.

Consolidated Edison, Inc.'s cash flow for dividends for the three months ended in Dec. 2013 was $-181 Mil. Consolidated Edison, Inc. spent $181 Mil paying cash dividends to shareholders.

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

Consolidated Edison, Inc.'s other financing for the three months ended in Dec. 2013 was $6 Mil. Consolidated Edison, Inc. received $6 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.

Consolidated Edison, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 578785106855125743931-9-8
Net Issuance of Debt 12399261454988644584-46341,122
Net Issuance of Preferred 00000000-2390
Dividends -490-518-533-582-629-612-640-704-712-721
Other Financing -14-13-14-5-13-10-110-4-6
Cash from Financing 19753957764729580-128-677-330387

Consolidated Edison, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock -8-10-8-4-47-1-1-2-4
Net Issuance of Debt 0-1399799-762198673293-73229
Net Issuance of Preferred 000-239000000
Dividends -176-176-178-174-175-185-180-180-180-181
Other Financing 00-4000-7-506
Cash from Financing -184-187209382-94120485107-25550
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