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General Dynamics Corp (NYSE:GD)
Cash from Financing
$-725 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, General Dynamics Corp paid $44 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 $197 Mil paying cash dividends to shareholders. It received $76 Mil on other financial activities. In all, General Dynamics Corp spent $165 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.

General Dynamics 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
=-740+0+0+-591+606
=-725

General Dynamics Corp's Cash from Financing for the quarter that ended in Dec. 2013 is

General Dynamics Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was 24 (Mar. 2013 ) + -479 (Jun. 2013 ) + -105 (Sep. 2013 ) + -165 (Dec. 2013 ) = $-725 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.

General Dynamics Corp's net issuance of stock for the three months ended in Dec. 2013 was $-44 Mil. General Dynamics Corp paid $44 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.

General Dynamics Corp's net issuance of debt for the three months ended in Dec. 2013 was $0 Mil. General Dynamics 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.

General Dynamics Corp's net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. General Dynamics 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.

General Dynamics Corp's cash flow for dividends for the three months ended in Dec. 2013 was $-197 Mil. General Dynamics Corp spent $197 Mil paying cash dividends to shareholders.

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

General Dynamics Corp's other financing for the three months ended in Dec. 2013 was $76 Mil. General Dynamics Corp received $76 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.

General Dynamics Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Mar11Dec11Dec12Dec13
Net Issuance of Stock -348-85-505-1,522-209-1,1850-1,468-602-740
Net Issuance of Debt 0-50001,399-157-7000747-180
Net Issuance of Preferred 0000000000
Dividends -314-359-445-533-577-6310-673-893-591
Other Financing 142405164-621372900193131606
Cash from Financing -520-539-786-718-806-2,2260-1,201-1,382-725

General Dynamics Corp Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock -328-19-76-516-1000-485-211-44
Net Issuance of Debt 747-2000001820000
Net Issuance of Preferred 0000000000
Dividends -171-169-169-184-180-3600-198-196-197
Other Financing 207137960-16-1922420430276
Cash from Financing 455-375-166-640-206-37024-479-105-165
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