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GuruFocus has detected 4 Warning Signs with Lowe's Companies Inc $LOW.
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Lowe's Companies Inc (NYSE:LOW)
Cash from Financing
$-2,359 Mil (TTM As of Oct. 2016)

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 Oct. 2016, Lowe's Companies Inc paid $594 Mil more to buy back shares than it received from issuing new shares. It spent $651 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $309 Mil paying cash dividends to shareholders. It received $8 Mil on other financial activities. In all, Lowe's Companies Inc spent $1,546 Mil on financial activities for the three months ended in Oct. 2016.


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.

Lowe's Companies Inc's Cash from Financing for the fiscal year that ended in Jan. 2016 is calculated as:

Cash from Financing(A: Jan. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-3800+1209+0+-957+55
=-3,493

Lowe's Companies Inc's Cash from Financing for the quarter that ended in Oct. 2016 is

Cash from Financing(Q: Oct. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-594+-651+0+-309+8
=-1,546

Lowe's Companies Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Oct. 2016 was -703 (Jan. 2016 ) + 1284 (Apr. 2016 ) + -1394 (Jul. 2016 ) + -1546 (Oct. 2016 ) = $-2,359 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Lowe's Companies Inc's net issuance of stock for the three months ended in Oct. 2016 was $-594 Mil. Lowe's Companies Inc paid $594 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.

Lowe's Companies Inc's net issuance of debt for the three months ended in Oct. 2016 was $-651 Mil. Lowe's Companies Inc spent $651 Mil paying down its 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.

Lowe's Companies Inc's net issuance of preferred for the three months ended in Oct. 2016 was $0 Mil. Lowe's Companies 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.

Lowe's Companies Inc's cash flow for dividends for the three months ended in Oct. 2016 was $-309 Mil. Lowe's Companies Inc spent $309 Mil paying cash dividends to shareholders.

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

Lowe's Companies Inc's other financing for the three months ended in Oct. 2016 was $8 Mil. Lowe's Companies Inc received $8 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 local exchange's currency.

Lowe's Companies Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
Net Issuance of Stock -1,561-2,12668-376-2,514-2,837-4,044-3,545-3,768-3,800
Net Issuance of Debt 9792,241-615-1,0341,4339561,3931,3248051,209
Net Issuance of Preferred 0000000000
Dividends -276-428-491-391-571-647-704-733-822-957
Other Financing 1269901-2122-152455
Cash from Financing -846-307-939-1,801-1,651-2,549-3,333-2,969-3,761-3,493

Lowe's Companies Inc Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
Net Issuance of Stock -1,097-877-908-1,088-1,479-746-487-1,233-1,139-594
Net Issuance of Debt -131,228-12-10-211,208322,739-11-651
Net Issuance of Preferred 0000000000
Dividends -183-228-225-222-218-260-257-255-251-309
Other Financing -1148500-493378
Cash from Financing -1,304127-1,137-1,270-1,718198-7031,284-1,394-1,546
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