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The Hershey Co (NYSE:HSY)
Cash from Financing
$-362 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, The Hershey Co paid $106 Mil more to buy back shares than it received from issuing new shares. It received $363 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $115 Mil paying cash dividends to shareholders. It received $14 Mil on other financial activities. In all, The Hershey Co earned $156 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.

The Hershey Co'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
=-305.564+54.185+0+-393.801+198.591
=-447

The Hershey Co'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
=-106.387+363.326+0+-115.25+13.862
=156

The Hershey Co Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2014 was -25.102 (Dec. 2013 ) + -247.133 (Mar. 2014 ) + -244.904 (Jun. 2014 ) + 155.551 (Sep. 2014 ) = $-362 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. 2014 was $-106 Mil. The Hershey Co paid $106 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. 2014 was $363 Mil. The Hershey Co received $363 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. 2014 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. 2014 was $-115 Mil. The Hershey Co spent $115 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. 2014 was $14 Mil. The Hershey Co received $14 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock -537-455-585-206-60-9-169-385-511-306
Net Issuance of Debt 3304463336-129-4662784-1854
Net Issuance of Preferred 0000000000
Dividends -206-221-235-252-263-256-273-304-341-394
Other Financing -822099383393246283199
Cash from Financing -495-211-478-442-413-699-71-439-587-447

The Hershey Co Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Net Issuance of Stock 0-279-13-204-10200-272-165-106
Net Issuance of Debt -5-20-91-173761810363
Net Issuance of Preferred 0000000000
Dividends -85-83-91-92-91-105-106-105-105-115
Other Financing 14632401153827201221414
Cash from Financing 56-349-156-198-152-72-25-247-245156
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