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Hartford Financial Services Group Inc (NYSE:HIG)
Cash from Financing
$-10,448 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, Hartford Financial Services Group Inc paid $1,754 Mil more to buy back shares than it received from issuing new shares. It received $26 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $281 Mil paying cash dividends to shareholders. It spent $4,033 Mil on other financial activities. In all, Hartford Financial Services Group Inc spent $6,042 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.

Hartford Financial Services Group Inc'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
=-633+-882+0+-223+-4082
=-5,820

Hartford Financial Services Group Inc'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
=-1754+26+0+-281+-4033
=-6,042

Hartford Financial Services Group Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2014 was -2366 (Dec. 2013 ) + -685 (Mar. 2014 ) + -1355 (Jun. 2014 ) + -6042 (Sep. 2014 ) = $-10,448 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.

Hartford Financial Services Group Inc's net issuance of stock for the three months ended in Sep. 2014 was $-1,754 Mil. Hartford Financial Services Group Inc paid $1,754 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.

Hartford Financial Services Group Inc's net issuance of debt for the three months ended in Sep. 2014 was $26 Mil. Hartford Financial Services Group Inc received $26 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.

Hartford Financial Services Group Inc's net issuance of preferred for the three months ended in Sep. 2014 was $0 Mil. Hartford Financial Services Group 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.

Hartford Financial Services Group Inc's cash flow for dividends for the three months ended in Sep. 2014 was $-281 Mil. Hartford Financial Services Group Inc spent $281 Mil paying cash dividends to shareholders.

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

Hartford Financial Services Group Inc's other financing for the three months ended in Sep. 2014 was $-4,033 Mil. Hartford Financial Services Group Inc spent $4,033 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.

Hartford Financial Services Group Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock 000-1,0008871,625-36-454-6330
Net Issuance of Debt -150-3401,1211,678-17,611-14,074-11,652-163-8820
Net Issuance of Preferred 00003,400-2,8440000
Dividends -345-460-636-660-222-170-195-217-2230
Other Financing 1,7752,715144,25614,06912,50811,274606-4,0820
Cash from Financing 1,2801,9154994,274523-2,955-609-228-5,8200

Hartford Financial Services Group Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Net Issuance of Stock -10-43-123-209-258-270-381-1,7540
Net Issuance of Debt -64-29-1,047273-347239-2060260
Net Issuance of Preferred 0000000000
Dividends -54-53-55-53-47-68-67-67-2810
Other Financing -20771293-1,616-480-2,279-142-907-4,0330
Cash from Financing -326-11-852-1,519-1,083-2,366-685-1,355-6,0420
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