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The Hershey Co (NYSE:HSY)
Cash from Financing
$-670 Mil (TTM As of Sep. 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 Sep. 2015, The Hershey Co paid $252 Mil more to buy back shares than it received from issuing new shares. It received $330 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $124 Mil paying cash dividends to shareholders. It spent $26 Mil on other financial activities. In all, The Hershey Co spent $72 Mil on financial activities for the three months ended in Sep. 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.

The Hershey Co'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
=-576.755+119.124+0+-440.414+178.743
=-719

The Hershey Co's Cash from Financing for the quarter that ended in Sep. 2015 is

Cash from Financing(Q: Sep. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-251.816+329.958+0+-124.108+-25.871
=-72

The Hershey Co Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2015 was -382.816 (Dec. 2014 ) + -76.501 (Mar. 2015 ) + -139.053 (Jun. 2015 ) + -71.837 (Sep. 2015 ) = $-670 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 Sep. 2015 was $-252 Mil. The Hershey Co paid $252 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 Sep. 2015 was $330 Mil. The Hershey Co received $330 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 Sep. 2015 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 Sep. 2015 was $-124 Mil. The Hershey Co spent $124 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 Sep. 2015 was $-26 Mil. The Hershey Co spent $26 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 -585-256-60-9-169-385-511-306-5770
Net Issuance of Debt 3336-129-4662784-18541190
Net Issuance of Preferred 0000000000
Dividends -235-252-263-256-283-304-341-394-4400
Other Financing 96038331042462831991790
Cash from Financing -478-442-413-699-71-439-587-447-7190

The Hershey Co Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
Net Issuance of Stock 00-272-165-106-34-307-9-2520
Net Issuance of Debt 761810363-263290-353300
Net Issuance of Preferred 0000000000
Dividends -105-106-105-105-115-115-114-115-1240
Other Financing 27201221414295519-260
Cash from Financing -72-25-247-245156-383-77-139-720
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