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GuruFocus has detected 7 Warning Signs with CSX Corp $FRA:CXR.
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CSX Corp (FRA:CXR)
Cash Flow from Financing
€-1,114 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, CSX Corp paid €264 Mil more to buy back shares than it received from issuing new shares. It received €0 Mil from issuing more debt. It paid €0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent €158 Mil paying cash dividends to shareholders. It received €756 Mil on other financial activities. In all, CSX Corp earned €334 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.

CSX Corp'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
=-1001.04275287+740.354535975+0+-644.610863589+-296.710588681
=-1,202

CSX Corp'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
=-263.53208835+0+0+-158.30884444+755.521850412
=334

CSX Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -621.408045977 (Mar. 2016 ) + -428.088287647 (Jun. 2016 ) + -398.289227479 (Sep. 2016 ) + 333.680917623 (Dec. 2016 ) = €-1,114 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.

CSX Corp's net issuance of stock for the three months ended in Dec. 2016 was €-264 Mil. CSX Corp paid €264 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.

CSX Corp's net issuance of debt for the three months ended in Dec. 2016 was €0 Mil. CSX Corp received €0 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.

CSX Corp's net issuance of preferred for the three months ended in Dec. 2016 was €0 Mil. CSX Corp 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.

CSX Corp's cash flow for dividends for the three months ended in Dec. 2016 was €-158 Mil. CSX Corp spent €158 Mil paying cash dividends to shareholders.

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

CSX Corp's other financing for the three months ended in Dec. 2016 was €756 Mil. CSX Corp received €756 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.

CSX Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -1,494-1,1620-1,098-1,189-559-258-419-738-1,001
Net Issuance of Debt 1,092525121519452451-20454891740
Net Issuance of Preferred 0000000000
Dividends -159-228-237-281-365-425-438-510-630-645
Other Financing 1594-95-6827241-3-0-297
Cash from Financing -401-861-211-928-1,074-509-899-878-476-1,202

CSX Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock -102-105-117-140-233-237-224-237-234-264
Net Issuance of Debt 242-100000000
Net Issuance of Preferred 0000000000
Dividends -123-129-146-159-157-160-155-152-151-158
Other Financing -21-12351-11553-242-39-13756
Cash from Financing 15-234-27553-401156-621-428-398334
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