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The Hershey Co (NYSE:HSY)
Cash from Financing
$-580 Mil (TTM As of Jun. 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 Jun. 2016, The Hershey Co paid $149 Mil more to buy back shares than it received from issuing new shares. It received $476 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $121 Mil paying cash dividends to shareholders. It received $24 Mil on other financial activities. In all, The Hershey Co earned $231 Mil on financial activities for the three months ended in Jun. 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.

The Hershey Co's Cash from Financing for the fiscal year that ended in Dec. 2015 is calculated as:

Cash from Financing(A: Dec. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-582.623+254.305+0+-476.132+49.288
=-755

The Hershey Co's Cash from Financing for the quarter that ended in Jun. 2016 is

Cash from Financing(Q: Jun. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-148.63+476.258+0+-120.772+23.778
=231

The Hershey Co Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2016 was -71.837 (Sep. 2015 ) + -467.771 (Dec. 2015 ) + -271.235 (Mar. 2016 ) + 230.634 (Jun. 2016 ) = $-580 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.

The Hershey Co's net issuance of stock for the three months ended in Jun. 2016 was $-149 Mil. The Hershey Co paid $149 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.

The Hershey Co's net issuance of debt for the three months ended in Jun. 2016 was $476 Mil. The Hershey Co received $476 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.

The Hershey Co's net issuance of preferred for the three months ended in Jun. 2016 was $0 Mil. The Hershey Co 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.

The Hershey Co's cash flow for dividends for the three months ended in Jun. 2016 was $-121 Mil. The Hershey Co spent $121 Mil paying cash dividends to shareholders.

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

The Hershey Co's other financing for the three months ended in Jun. 2016 was $24 Mil. The Hershey Co received $24 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.

The Hershey Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock -585-256-60-9-169-385-511-306-577-583
Net Issuance of Debt 3336-129-4662784-1854119254
Net Issuance of Preferred 0000000000
Dividends -235-252-263-263-283-304-341-394-440-476
Other Financing 960384010424628319917949
Cash from Financing -478-442-413-699-71-439-587-447-719-755

The Hershey Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
Net Issuance of Stock -272-165-106-34-307-9-252-15-304-149
Net Issuance of Debt 810363-263290-35330-331154476
Net Issuance of Preferred 0000000000
Dividends -105-105-115-115-114-115-124-123-122-121
Other Financing 1221414295519-261124
Cash from Financing -247-245156-383-77-139-72-468-271231
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