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CarMax Inc (NYSE:KMX)
Cash from Financing
$729 Mil (TTM As of Feb. 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 Feb. 2015, CarMax Inc paid $193 Mil more to buy back shares than it received from issuing new shares. It received $298 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It received $0 Mil from paying cash dividends to shareholders. It received $11 Mil on other financial activities. In all, CarMax Inc earned $116 Mil on financial activities for the three months ended in Feb. 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.

CarMax Inc's Cash from Financing for the fiscal year that ended in Feb. 2015 is calculated as:

Cash from Financing(A: Feb. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-834.518+1532.388+0+0+30.709
=729

CarMax Inc's Cash from Financing for the quarter that ended in Feb. 2015 is

Cash from Financing(Q: Feb. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-193.229+298.407+0+0+10.639
=116

CarMax Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Feb. 2015 was 207.489 (May. 2014 ) + 139.622 (Aug. 2014 ) + 265.651 (Nov. 2014 ) + 115.817 (Feb. 2015 ) = $729 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.

CarMax Inc's net issuance of stock for the three months ended in Feb. 2015 was $-193 Mil. CarMax Inc paid $193 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.

CarMax Inc's net issuance of debt for the three months ended in Feb. 2015 was $298 Mil. CarMax Inc received $298 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.

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

CarMax Inc's cash flow for dividends for the three months ended in Feb. 2015 was $0 Mil. CarMax Inc received $0 Mil from paying cash dividends to shareholders.

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

CarMax Inc's other financing for the three months ended in Feb. 2015 was $11 Mil. CarMax Inc received $11 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.

CarMax Inc Annual Data

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
Net Issuance of Stock 6351510313816-140-268-835
Net Issuance of Debt -7-101498-186666701,1701,3941,532
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 422704-2-310331
Cash from Financing 34817118-1511026831,0401,128729

CarMax Inc Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
Net Issuance of Stock -26-118-119-46-12-91-172-164-305-193
Net Issuance of Debt 299474513364239278379283572298
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 346-5-35021-111
Cash from Financing 277360400313224191207140266116
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