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Medtronic Inc (NYSE:MDT)
Cash from Financing
$-986 Mil (TTM As of Oct. 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 Oct. 2014, Medtronic Inc paid $397 Mil more to buy back shares than it received from issuing new shares. It received $895 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $298 Mil paying cash dividends to shareholders. It received $28 Mil on other financial activities. In all, Medtronic Inc earned $228 Mil on financial activities for the three months ended in Oct. 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.

Medtronic Inc's Cash from Financing for the fiscal year that ended in Apr. 2014 is calculated as:

Cash from Financing(A: Apr. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1246+1431+0+-1116+13
=-918

Medtronic Inc's Cash from Financing for the quarter that ended in Oct. 2014 is

Cash from Financing(Q: Oct. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-397+895+0+-298+28
=228

Medtronic Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Oct. 2014 was -142 (Jan. 2014 ) + -717 (Apr. 2014 ) + -355 (Jul. 2014 ) + 228 (Oct. 2014 ) = $-986 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.

Medtronic Inc's net issuance of stock for the three months ended in Oct. 2014 was $-397 Mil. Medtronic Inc paid $397 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.

Medtronic Inc's net issuance of debt for the three months ended in Oct. 2014 was $895 Mil. Medtronic Inc received $895 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.

Medtronic Inc's net issuance of preferred for the three months ended in Oct. 2014 was $0 Mil. Medtronic 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.

Medtronic Inc's cash flow for dividends for the three months ended in Oct. 2014 was $-298 Mil. Medtronic Inc spent $298 Mil paying cash dividends to shareholders.

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

Medtronic Inc's other financing for the three months ended in Oct. 2014 was $28 Mil. Medtronic Inc received $28 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.

Medtronic Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
Net Issuance of Stock -172-3,629-708-1,141-343-865-1,055-1,344-980-1,246
Net Issuance of Debt 885,409-1,8358313172,53618601-261,431
Net Issuance of Preferred 0000000000
Dividends -405-465-504-565-843-907-969-1,021-1,055-1,116
Other Financing 0136402400-118-4013
Cash from Financing -4891,316-3,011-835-845764-2,006-1,882-2,101-918

Medtronic Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Net Issuance of Stock -446-535-108109-772-464139-149-911-397
Net Issuance of Debt 85682-11-7826321,093-9-285859895
Net Issuance of Preferred 0000000000
Dividends -267-266-264-258-281-279-279-277-304-298
Other Financing -150-2-23-1137-6128
Cash from Financing -643-119-385-954-422363-142-717-355228
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