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Fortress Investment Group LLC (NYSE:FIG)
Cash from Financing
$-336 Mil (TTM As of Sep. 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 Sep. 2014, Fortress Investment Group LLC received $116 Mil more from issuing new shares than it paid to buy back shares. It received $39 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $64 Mil paying cash dividends to shareholders. It spent $18 Mil on other financial activities. In all, Fortress Investment Group LLC earned $73 Mil on financial activities for the three months ended in Sep. 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.

Fortress Investment Group LLC'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
=0+-149.453+0+-57.926+-176.903
=-384

Fortress Investment Group LLC's Cash from Financing for the quarter that ended in Sep. 2014 is

Cash from Financing(Q: Sep. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=116.13+39.497+0+-64.103+-18.37
=73

Fortress Investment Group LLC Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2014 was -43.988 (Dec. 2013 ) + -282.333 (Mar. 2014 ) + -82.809 (Jun. 2014 ) + 73.154 (Sep. 2014 ) = $-336 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.

Fortress Investment Group LLC's net issuance of stock for the three months ended in Sep. 2014 was $116 Mil. Fortress Investment Group LLC received $116 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.

Fortress Investment Group LLC's net issuance of debt for the three months ended in Sep. 2014 was $39 Mil. Fortress Investment Group LLC received $39 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.

Fortress Investment Group LLC's net issuance of preferred for the three months ended in Sep. 2014 was $0 Mil. Fortress Investment Group LLC 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.

Fortress Investment Group LLC's cash flow for dividends for the three months ended in Sep. 2014 was $-64 Mil. Fortress Investment Group LLC spent $64 Mil paying cash dividends to shareholders.

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

Fortress Investment Group LLC's other financing for the three months ended in Sep. 2014 was $-18 Mil. Fortress Investment Group LLC spent $18 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.

Fortress Investment Group LLC Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 0001,54102300000
Net Issuance of Debt 00098194-335-120-16-261-149
Net Issuance of Preferred 0000000000
Dividends -31-147-447-70-78-590-123-139-58
Other Financing 2,4052,6654,69498-280-11-13213-37-177
Cash from Financing 2,3752,5184,2471,665-164-175-253-126-437-384

Fortress Investment Group LLC Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Net Issuance of Stock 0-800000-3630116
Net Issuance of Debt -63-9-181-40-20-890129-4039
Net Issuance of Preferred 0000000000
Dividends -26-17-24-14-15-15-15-15-17-64
Other Financing 00-30-55-56-37-29-33-26-18
Cash from Financing -89-33-235-108-91-141-44-282-8373
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