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Humana Inc (NYSE:HUM)
Cash from Financing
$-744 Mil (TTM As of Jun. 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 Jun. 2015, Humana Inc paid $305 Mil more to buy back shares than it received from issuing new shares. It received $321 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $42 Mil paying cash dividends to shareholders. It spent $378 Mil on other financial activities. In all, Humana Inc spent $404 Mil on financial activities for the three months ended in Jun. 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.

Humana 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
=-872+1164+0+-172+-878
=-758

Humana Inc's Cash from Financing for the quarter that ended in Jun. 2015 is

Cash from Financing(Q: Jun. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-305+321+0+-42+-378
=-404

Humana Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2015 was 930 (Sep. 2014 ) + -1268 (Dec. 2014 ) + -2 (Mar. 2015 ) + -404 (Jun. 2015 ) = $-744 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.

Humana Inc's net issuance of stock for the three months ended in Jun. 2015 was $-305 Mil. Humana Inc paid $305 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.

Humana Inc's net issuance of debt for the three months ended in Jun. 2015 was $321 Mil. Humana Inc received $321 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.

Humana Inc's net issuance of preferred for the three months ended in Jun. 2015 was $0 Mil. Humana 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.

Humana Inc's cash flow for dividends for the three months ended in Jun. 2015 was $-42 Mil. Humana Inc spent $42 Mil paying cash dividends to shareholders.

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

Humana Inc's other financing for the three months ended in Jun. 2015 was $-378 Mil. Humana Inc spent $378 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.

Humana Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock 3623-27-106-23-109-541-518-531-872
Net Issuance of Debt 001,035155-10035-159954791,164
Net Issuance of Preferred 0000000000
Dividends 000000-82-165-168-172
Other Financing 258953-86-603204-298-235-300-82-878
Cash from Financing 294976921-55481-371-1,017-29-702-758

Humana Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Net Issuance of Stock -94-137-94-206-49-103-118-602-66-305
Net Issuance of Debt -34-4427130-136271,706-433-46321
Net Issuance of Preferred 0000000000
Dividends -42-41-42-43-44-42-43-43-44-42
Other Financing 242-74-30757253-326-615-190154-378
Cash from Financing 72-296-416-6224-444930-1,268-2-404
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