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Morgan Stanley (NYSE:MS)
Cash from Financing
$6,778 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, Morgan Stanley paid $208 Mil more to buy back shares than it received from issuing new shares. It received $6,373 Mil from issuing more debt. It received $994 Mil more from issuing preferred shares than it paid to buy back preferred shares. It spent $265 Mil paying cash dividends to shareholders. It received $6,903 Mil on other financial activities. In all, Morgan Stanley earned $13,797 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.

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 Sep. 2014 is

Cash from Financing(Q: Sep. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-208+6373+994+-265+6903
=13,797

Morgan Stanley Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2014 was -6176 (Dec. 2013 ) + 519 (Mar. 2014 ) + -1362 (Jun. 2014 ) + 13797 (Sep. 2014 ) = $6,778 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 Sep. 2014 was $-208 Mil. Morgan Stanley paid $208 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 Sep. 2014 was $6,373 Mil. Morgan Stanley received $6,373 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.

Morgan Stanley's net issuance of preferred for the three months ended in Sep. 2014 was $994 Mil. Morgan Stanley received $994 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 Sep. 2014 was $-265 Mil. Morgan Stanley spent $265 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 Sep. 2014 was $6,903 Mil. Morgan Stanley received $6,903 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

Nov04Nov05Nov06Nov07Nov08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock -810-3,366-2,733-3,330-1,4316,2055,264-317-227-691
Net Issuance of Debt 31,68931,38124,78425,463-28,471-1,376-379-6,920-26,779-21,525
Net Issuance of Preferred 001,09700-10,9500001,696
Dividends -1,096-1,180-1,167-1,219-1,227-1,732-1,488-1,625-469-475
Other Financing 9385,24132,35917,17112,58510,8777663,71415,57823,628
Cash from Financing 30,72132,07654,34038,085-18,5443,0244,163-5,148-11,8972,633

Morgan Stanley Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Net Issuance of Stock -8-31-5-306-8-137-240-672-292-208
Net Issuance of Debt -6,329-7,323-1,578-1,134-1,659-4,725-14,007-3,160-3,5226,373
Net Issuance of Preferred 0000085484201,788994
Dividends -111-119-120-119-120-119-117-143-244-265
Other Financing -1,2105,40312,415-2,603-4,44023,3257,3464,4949086,903
Cash from Financing -7,658-2,07010,712-4,162-6,22719,198-6,176519-1,36213,797
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