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GuruFocus has detected 5 Warning Signs with Statoil ASA \$FRA:DNQA.
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Statoil ASA (FRA:DNQA)
Cash Flow from Financing
€-1,842 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, Statoil ASA paid €0 Mil more to buy back shares than it received from issuing new shares. It spent €1,226 Mil paying down its debt. It paid €0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent €352 Mil paying cash dividends to shareholders. It received €0 Mil on other financial activities. In all, Statoil ASA spent €1,577 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.

Statoil ASA'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 = 0 + -78.6804436439 + 0 + -1778.36761778 + 0 = -1,857

Statoil ASA'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 = 0 + -1225.70859797 + 0 + -351.692103517 + 1.13686837722E-13 = -1,577

Statoil ASA Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -222.701149425 (Mar. 2016 ) + 215.379138483 (Jun. 2016 ) + -257.506905462 (Sep. 2016 ) + -1577.40070149 (Dec. 2016 ) = €-1,842 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.

Statoil ASA's net issuance of stock for the three months ended in Dec. 2016 was €0 Mil. Statoil ASA paid €0 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.

Statoil ASA's net issuance of debt for the three months ended in Dec. 2016 was €-1,226 Mil. Statoil ASA spent €1,226 Mil paying down its 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.

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

Statoil ASA's cash flow for dividends for the three months ended in Dec. 2016 was €-352 Mil. Statoil ASA spent €352 Mil paying cash dividends to shareholders.

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

Statoil ASA's other financing for the three months ended in Dec. 2016 was €0 Mil. Statoil ASA received €0 Mil on other financial activities.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Statoil ASA Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Net Issuance of Stock -27 -33 -41 -38 -52 0 0 0 0 0 Net Issuance of Debt -45 1,080 4,060 2,353 917 341 5,785 1,193 1,934 -79 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends -3,250 -2,874 -2,733 -2,456 -2,534 -2,825 -2,581 -4,460 -2,604 -1,778 Other Financing 2,321 19 50 38 52 0 -12 0 0 0 Cash from Financing -1,000 -1,807 1,337 -103 -1,617 -2,484 3,193 -3,267 -669 -1,857

Statoil ASA Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Net Issuance of Stock 0 0 0 0 0 0 0 0 0 0 Net Issuance of Debt -120 1,320 3,234 -1,314 275 -207 403 575 102 -1,226 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends -686 -622 -699 -655 -612 -604 -626 -360 -360 -352 Other Financing 0 11 -1 1 -0 0 0 0 -0 0 Cash from Financing -807 709 2,533 -1,968 -337 -812 -223 215 -258 -1,577
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