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GuruFocus has detected 5 Warning Signs with Enterprise Products Partners LP $EPD.
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Enterprise Products Partners LP (NYSE:EPD)
Cash Flow from Financing
$322 Mil (TTM As of Dec. 2016)

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. 2016, Enterprise Products Partners LP received $372 Mil more from issuing new shares than it paid to buy back shares. It spent $266 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $852 Mil paying cash dividends to shareholders. It spent $7 Mil on other financial activities. In all, Enterprise Products Partners LP spent $753 Mil on financial activities for the three months ended in Dec. 2016.


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.

Enterprise Products Partners LP's Cash from Financing for the fiscal year that ended in Dec. 2016 is calculated as:

Cash from Financing(A: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=2542.8+1141.3+0+-3300.5+-61.9
=322

Enterprise Products Partners LP's Cash from Financing for the quarter that ended in Dec. 2016 is

Cash from Financing(Q: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=372.4+-266+0+-852.2+-7.3
=-753

Enterprise Products Partners LP Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 405.8 (Mar. 2016 ) + 82.1 (Jun. 2016 ) + 586.9 (Sep. 2016 ) + -753.1 (Dec. 2016 ) = $322 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Enterprise Products Partners LP's net issuance of stock for the three months ended in Dec. 2016 was $372 Mil. Enterprise Products Partners LP received $372 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.

Enterprise Products Partners LP's net issuance of debt for the three months ended in Dec. 2016 was $-266 Mil. Enterprise Products Partners LP spent $266 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.

Enterprise Products Partners LP's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Enterprise Products Partners LP 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.

Enterprise Products Partners LP's cash flow for dividends for the three months ended in Dec. 2016 was $-852 Mil. Enterprise Products Partners LP spent $852 Mil paying cash dividends to shareholders.

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

Enterprise Products Partners LP's other financing for the three months ended in Dec. 2016 was $-7 Mil. Enterprise Products Partners LP spent $7 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 local exchange's currency.

Enterprise Products Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 69141-25295438171,7923891,1892,543
Net Issuance of Debt 1,5662,726-2731,1409481,6871,1724,0201,2141,141
Net Issuance of Preferred 0000000000
Dividends -958-1,421-267-308-1,974-2,179-2,400-2,638-2,944-3,301
Other Financing 301245-323-400-116-201-131-118-75-62
Cash from Financing 9791,691-864961-5991244331,653-616322

Enterprise Products Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock 8284468476671771,012877282372
Net Issuance of Debt 1,2901,70922970441239203451,159-266
Net Issuance of Preferred 0000000000
Dividends -660-690-704-734-748-759-788-822-838-852
Other Financing -11-18-52-24-23-21-18-16-7
Cash from Financing 7001,085-58423-641-33940682587-753
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