Switch to:
Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT)
Cash from Financing
$-1,248 Mil (TTM As of Mar. 2015)

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 Mar. 2015, Starwood Hotels & Resorts Worldwide Inc paid $123 Mil more to buy back shares than it received from issuing new shares. It spent $187 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $64 Mil paying cash dividends to shareholders. It spent $7 Mil on other financial activities. In all, Starwood Hotels & Resorts Worldwide Inc spent $381 Mil on financial activities for the three months ended in Mar. 2015.


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.

Starwood Hotels & Resorts Worldwide Inc's Cash from Financing for the fiscal year that ended in Dec. 2014 is calculated as:

Cash from Financing(A: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1636+1182+0+-735+102
=-1,087

Starwood Hotels & Resorts Worldwide Inc's Cash from Financing for the quarter that ended in Mar. 2015 is

Cash from Financing(Q: Mar. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-123+-187+0+-64+-7
=-381

Starwood Hotels & Resorts Worldwide Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2015 was -281 (Jun. 2014 ) + -312 (Sep. 2014 ) + -274 (Dec. 2014 ) + -381 (Mar. 2015 ) = $-1,248 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.

Starwood Hotels & Resorts Worldwide Inc's net issuance of stock for the three months ended in Mar. 2015 was $-123 Mil. Starwood Hotels & Resorts Worldwide Inc paid $123 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.

Starwood Hotels & Resorts Worldwide Inc's net issuance of debt for the three months ended in Mar. 2015 was $-187 Mil. Starwood Hotels & Resorts Worldwide Inc spent $187 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.

Starwood Hotels & Resorts Worldwide Inc's net issuance of preferred for the three months ended in Mar. 2015 was $0 Mil. Starwood Hotels & Resorts Worldwide 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.

Starwood Hotels & Resorts Worldwide Inc's cash flow for dividends for the three months ended in Mar. 2015 was $-64 Mil. Starwood Hotels & Resorts Worldwide Inc spent $64 Mil paying cash dividends to shareholders.

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

Starwood Hotels & Resorts Worldwide Inc's other financing for the three months ended in Mar. 2015 was $-7 Mil. Starwood Hotels & Resorts Worldwide Inc spent $7 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.

Starwood Hotels & Resorts Worldwide Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock 177-907-1,597-593000-320-316-1,636
Net Issuance of Debt 0-1,459942412-1,057-64-565-1,050-1791,182
Net Issuance of Preferred 0000000000
Dividends -176-276-90-172-165-93-99-242-256-735
Other Financing -254733110229131-9115673102
Cash from Financing -253-2,635-712-243-993-26-755-1,456-678-1,087

Starwood Hotels & Resorts Worldwide Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Net Issuance of Stock -180-48-8-181-790-170-857-609-123
Net Issuance of Debt -372-61-38-38-42-26-26728506-187
Net Issuance of Preferred 0000000000
Dividends -238-2-10-253-190-191-181-173-64
Other Financing 4416211422-4106-22-7
Cash from Financing -746-95-26-205-352-220-281-312-274-381
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK