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Humana Inc (NYSE:HUM)
Cash from Financing
$448 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, Humana Inc paid $118 Mil more to buy back shares than it received from issuing new shares. It received $1,706 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $43 Mil paying cash dividends to shareholders. It spent $615 Mil on other financial activities. In all, Humana Inc earned $930 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.

Humana Inc'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
=-531+79+0+-168+-82
=-702

Humana Inc'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
=-118+1706+0+-43+-615
=930

Humana Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2014 was -62 (Dec. 2013 ) + 24 (Mar. 2014 ) + -444 (Jun. 2014 ) + 930 (Sep. 2014 ) = $448 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 Sep. 2014 was $-118 Mil. Humana Inc paid $118 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 Sep. 2014 was $1,706 Mil. Humana Inc received $1,706 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 Sep. 2014 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 Sep. 2014 was $-43 Mil. Humana Inc spent $43 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 Sep. 2014 was $-615 Mil. Humana Inc spent $615 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock -67362334-106-23-109-541-518-531
Net Issuance of Debt 0000-750-10035-15995479
Net Issuance of Preferred 0000000000
Dividends 0000000-82-165-168
Other Financing -8258953887303204-298-235-300-82
Cash from Financing -75294976921-55481-371-1,017-29-702

Humana Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Net Issuance of Stock -127-235-5-94-137-94-206-49-103-118
Net Issuance of Debt -34171,019-34-4427130-136271,706
Net Issuance of Preferred 0000000000
Dividends -41-42-41-42-41-42-43-44-42-43
Other Financing -142-498-23242-74-30757253-326-615
Cash from Financing -344-75895072-296-416-6224-444930
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