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GuruFocus has detected 8 Warning Signs with HCP Inc $HCP.
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HCP Inc (NYSE:HCP)
Cash Flow from Financing
$-1,054 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, HCP Inc received $8 Mil more from issuing new shares than it paid to buy back shares. It spent $1,622 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $173 Mil paying cash dividends to shareholders. It received $1,630 Mil on other financial activities. In all, HCP Inc spent $157 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.

HCP Inc'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
=58.965+-1748.357+0+-979.542+1614.669
=-1,054

HCP Inc'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
=8.448+-1621.714+0+-173.299+1629.628
=-157

HCP Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -354.402 (Mar. 2016 ) + -388.346 (Jun. 2016 ) + -154.58 (Sep. 2016 ) + -156.937 (Dec. 2016 ) = $-1,054 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.

HCP Inc's net issuance of stock for the three months ended in Dec. 2016 was $8 Mil. HCP Inc received $8 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.

HCP Inc's net issuance of debt for the three months ended in Dec. 2016 was $-1,622 Mil. HCP Inc spent $1,622 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.

HCP Inc's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. HCP Inc 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.

HCP Inc's cash flow for dividends for the three months ended in Dec. 2016 was $-173 Mil. HCP Inc spent $173 Mil paying cash dividends to shareholders.

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

HCP Inc's other financing for the three months ended in Dec. 2016 was $1,630 Mil. HCP Inc received $1,630 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.

HCP Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 6191,0618532,4271,3281,7931148419859
Net Issuance of Debt 2,271-1,590-710-1,0432,392905-451,0961,398-1,748
Net Issuance of Preferred 00000-2960000
Dividends -417-495-517-591-788-865-957-1,002-1,047-980
Other Financing 0-10-25-19-79-44-12-33651,615
Cash from Financing 2,473-1,035-4007752,8531,493-900145614-1,054

HCP Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock 162256297636301288
Net Issuance of Debt 5675252661,172-36-3-114-124112-1,622
Net Issuance of Preferred 0000000000
Dividends -250-251-261-261-262-263-268-269-269-173
Other Financing -7-9-10-8-588-3-7-61,630
Cash from Financing 32628852931-227-142-354-388-155-157
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