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Morgan Stanley (NYSE:MS)
Cash from Financing
$12,179 Mil (TTM As of Jun. 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 Jun. 2014, Morgan Stanley paid $292 Mil more to buy back shares than it received from issuing new shares. It spent $3,522 Mil paying down its debt. It received $1,788 Mil more from issuing preferred shares than it paid to buy back preferred shares. It spent $244 Mil paying cash dividends to shareholders. It received $908 Mil on other financial activities. In all, Morgan Stanley spent $1,362 Mil on financial activities for the three months ended in Jun. 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.

Morgan Stanley'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
=-691+-21525+1696+-475+23628
=2,633

Morgan Stanley's Cash from Financing for the quarter that ended in Jun. 2014 is

Cash from Financing(Q: Jun. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-292+-3522+1788+-244+908
=-1,362

Morgan Stanley Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2014 was 19198 (Sep. 2013 ) + -6176 (Dec. 2013 ) + 519 (Mar. 2014 ) + -1362 (Jun. 2014 ) = $12,179 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.

Morgan Stanley's net issuance of stock for the three months ended in Jun. 2014 was $-292 Mil. Morgan Stanley paid $292 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.

Morgan Stanley's net issuance of debt for the three months ended in Jun. 2014 was $-3,522 Mil. Morgan Stanley spent $3,522 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.

Morgan Stanley's net issuance of preferred for the three months ended in Jun. 2014 was $1,788 Mil. Morgan Stanley received $1,788 Mil more from issuing preferred shares than it paid to buy back preferred shares.

4. Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Morgan Stanley's cash flow for dividends for the three months ended in Jun. 2014 was $-244 Mil. Morgan Stanley spent $244 Mil paying cash dividends to shareholders.

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

Morgan Stanley's other financing for the three months ended in Jun. 2014 was $908 Mil. Morgan Stanley received $908 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.

Morgan Stanley Annual Data

Dec94Dec95Dec96Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 00-82-81-5816,2055,264-317-227-691
Net Issuance of Debt 002,6793,532819-1,376-379-6,920-26,779-21,525
Net Issuance of Preferred 00000-10,9500001,696
Dividends 00-81-102-134-1,732-1,488-1,625-469-475
Other Financing 00-5061,3301,02210,8777663,71415,57823,628
Cash from Financing 002,0104,6791,1253,0244,163-5,148-11,8972,633

Morgan Stanley Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Net Issuance of Stock -183-8-31-5-306-8-137-240-672-292
Net Issuance of Debt -11,549-6,329-7,323-1,578-1,134-1,659-4,725-14,007-3,160-3,522
Net Issuance of Preferred 00000085484201,788
Dividends -119-111-119-120-119-120-119-117-143-244
Other Financing -1,030-1,2105,40312,415-2,603-4,44023,3257,3464,494908
Cash from Financing -12,881-7,658-2,07010,712-4,162-6,22719,198-6,176519-1,362
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