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Energy Transfer Partners, L.P. (NYSE:ETP)
Cash from Financing
$325 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, Energy Transfer Partners, L.P. received $310 Mil more from issuing new shares than it paid to buy back shares. It received $326 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $534 Mil paying cash dividends to shareholders. It spent $14 Mil on other financial activities. In all, Energy Transfer Partners, L.P. earned $88 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.

Energy Transfer Partners, L.P.'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
=1611+985+0+-2184+-87
=325

Energy Transfer Partners, L.P.'s Cash from Financing for the quarter that ended in Dec. 2013 is

Energy Transfer Partners, L.P. Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was 423 (Mar. 2013 ) + 562 (Jun. 2013 ) + -748 (Sep. 2013 ) + 88 (Dec. 2013 ) = $325 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.

Energy Transfer Partners, L.P.'s net issuance of stock for the three months ended in Dec. 2013 was $310 Mil. Energy Transfer Partners, L.P. received $310 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.

Energy Transfer Partners, L.P.'s net issuance of debt for the three months ended in Dec. 2013 was $326 Mil. Energy Transfer Partners, L.P. received $326 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.

Energy Transfer Partners, L.P.'s net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. Energy Transfer Partners, L.P. 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.

Energy Transfer Partners, L.P.'s cash flow for dividends for the three months ended in Dec. 2013 was $-534 Mil. Energy Transfer Partners, L.P. spent $534 Mil paying cash dividends to shareholders.

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

Energy Transfer Partners, L.P.'s other financing for the three months ended in Dec. 2013 was $-14 Mil. Energy Transfer Partners, L.P. spent $14 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.

Energy Transfer Partners, L.P. Annual Data

Aug04Aug05Aug06Aug07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 5285081351,22489401,1461,4677911,611
Net Issuance of Debt 3846169124971,3165201931,3771,831985
Net Issuance of Preferred 0000000000
Dividends -63-207-344-623-879-957-1,066-558-1,576-2,184
Other Financing -192-9-2-11348-80-20245-87
Cash from Financing 6579087021,0887934952732,2661,291325

Energy Transfer Partners, L.P. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock 2966887767819192898211310
Net Issuance of Debt 401-262731315-94879728234-303326
Net Issuance of Preferred 0000000000
Dividends -289-292-318-310-431-517-391-482-777-534
Other Financing -0-8407310725-106-88121-14
Cash from Financing 14110654085260406423562-74888
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