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CSX Corp (FRA:CXR)
Cash from Financing
€-420 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, CSX Corp paid €103 Mil more to buy back shares than it received from issuing new shares. It received €246 Mil from issuing more debt. It paid €0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent €125 Mil paying cash dividends to shareholders. It spent €2 Mil on other financial activities. In all, CSX Corp earned €15 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.

CSX Corp'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
=-259.177679883+-205.580029369+0+-440.528634361+0.734214390602
=-905

CSX Corp'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
=-103.393843725+246.250986582+0+-125.493291239+-2.36779794791
=15

CSX Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2014 was 159.324522761 (Dec. 2013 ) + -354.091238233 (Mar. 2014 ) + -240.206947524 (Jun. 2014 ) + 14.9960536701 (Sep. 2014 ) = €-420 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.

CSX Corp's net issuance of stock for the three months ended in Sep. 2014 was €-103 Mil. CSX Corp paid €103 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 Sep. 2014 was €246 Mil. CSX Corp received €246 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 Sep. 2014 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 Sep. 2014 was €-125 Mil. CSX Corp spent €125 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 Sep. 2014 was €-2 Mil. CSX Corp spent €2 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.

CSX Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 081-358-1,476-1,1850-1,086-1,212-552-259
Net Issuance of Debt 00-521,079535124514461445-206
Net Issuance of Preferred 0000000000
Dividends -66-77-112-157-232-242-278-372-420-441
Other Financing 81-1,0642941574-97-6728241
Cash from Financing 15-1,060-228-396-878-215-918-1,095-502-905

CSX Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Net Issuance of Stock 0-154-1760-73-95-95-92-96-103
Net Issuance of Debt -34-20581-317-32-238366-151-26246
Net Issuance of Preferred 0000000000
Dividends -118-112-108-110-117-111-112-109-118-125
Other Financing 64485-12-1-1-0-2
Cash from Financing -146-282302-418-216-455159-354-24015
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