Switch to:
Express Scripts (NAS:ESRX)
Cash from Financing
$-3,500 Mil (TTM As of Jun. 2014)

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 Jun. 2014, Express Scripts paid $2,042 Mil more to buy back shares than it received from issuing new shares. It received $2,332 Mil from issuing more 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 received $43 Mil on other financial activities. In all, Express Scripts earned $334 Mil on financial activities for the three months ended in Jun. 2014.


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.

Express Scripts'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
=-4055.2+-1931.6+0+0+492
=-5,495

Express Scripts's Cash from Financing for the quarter that ended in Jun. 2014 is

Cash from Financing(Q: Jun. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-2041.7+2332.3+0+0+43.4
=334

Express Scripts Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2014 was -783.9 (Sep. 2013 ) + -2572.8 (Dec. 2013 ) + -477.4 (Mar. 2014 ) + 334 (Jun. 2014 ) = $-3,500 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.

Express Scripts's net issuance of stock for the three months ended in Jun. 2014 was $-2,042 Mil. Express Scripts paid $2,042 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.

Express Scripts's net issuance of debt for the three months ended in Jun. 2014 was $2,332 Mil. Express Scripts received $2,332 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.

Express Scripts's net issuance of preferred for the three months ended in Jun. 2014 was $0 Mil. Express Scripts 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.

Express Scripts's cash flow for dividends for the three months ended in Jun. 2014 was $0 Mil. Express Scripts received $0 Mil from paying cash dividends to shareholders.

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

Express Scripts's other financing for the three months ended in Jun. 2014 was $43 Mil. Express Scripts received $43 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.

Express Scripts Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock -305-180-875-1,088-4631,582-1,241-2,4840-4,055
Net Issuance of Debt -201,076-60570-2601,992-1,3405,5802,590-1,932
Net Issuance of Preferred 0000000000
Dividends 00000000-80
Other Financing -5-93048421358-66241492
Cash from Financing -330887-905-470-6803,587-2,5233,0312,824-5,495

Express Scripts Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Net Issuance of Stock 0-300-300-501-752-2,503-618-2,042
Net Issuance of Debt 3,459795-505-1,158-1,458-158-158-158-1582,332
Net Issuance of Preferred 0000000000
Dividends 000-8000000
Other Financing -4659-449391061731268829943
Cash from Financing 3,4551,450-955-1,127-1,652-486-784-2,573-477334
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK