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EMCOR Group, Inc. (NYSE:EME)
Cash from Financing
$167 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, EMCOR Group, Inc. paid $20 Mil more to buy back shares than it received from issuing new shares. It spent $52 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $4 Mil paying cash dividends to shareholders. It received $5 Mil on other financial activities. In all, EMCOR Group, Inc. spent $72 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.

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

Cash from Financing(A: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-23.216+196.987+0+-13.38+6.64
=167

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

Cash from Financing(Q: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-20.306+-51.751+0+-4.028+4.517
=-72

EMCOR Group, Inc. Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was -0.103 (Mar. 2013 ) + -7.955 (Jun. 2013 ) + 246.657 (Sep. 2013 ) + -71.568 (Dec. 2013 ) = $167 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.

EMCOR Group, Inc.'s net issuance of stock for the three months ended in Dec. 2013 was $-20 Mil. EMCOR Group, Inc. paid $20 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.

EMCOR Group, Inc.'s net issuance of debt for the three months ended in Dec. 2013 was $-52 Mil. EMCOR Group, Inc. spent $52 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.

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

EMCOR Group, Inc.'s cash flow for dividends for the three months ended in Dec. 2013 was $-4 Mil. EMCOR Group, Inc. spent $4 Mil paying cash dividends to shareholders.

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

EMCOR Group, Inc.'s other financing for the three months ended in Dec. 2013 was $5 Mil. EMCOR Group, Inc. received $5 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.

EMCOR Group, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 221010022-25-21-23
Net Issuance of Debt -60-80-1220-29-4-51-5-0197
Net Issuance of Preferred 0000000000
Dividends 00000-1-3-6-36-13
Other Financing -00713453767
Cash from Financing -58-7916244-252-48-29-51167

EMCOR Group, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock 1-27-13-7-211-41-20
Net Issuance of Debt -0-5-1-1-02-0-0250-52
Net Issuance of Preferred 0000000000
Dividends 0-4-3-4-4-24-1-4-4-4
Other Financing 164-3051115
Cash from Financing 1-30-12-16-6-16-0-8247-72
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