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National Grid PLC (NYSE:NGG)
Cash from Financing
$-1,892 Mil (TTM As of Mar. 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 six months ended in Mar. 2016, National Grid PLC paid $30 Mil more to buy back shares than it received from issuing new shares. It received $1,208 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $758 Mil paying cash dividends to shareholders. It spent $631 Mil on other financial activities. In all, National Grid PLC spent $211 Mil on financial activities for the six months ended in Mar. 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.

National Grid PLC's Cash from Financing for the fiscal year that ended in Mar. 2016 is calculated as:

Cash from Financing(A: Mar. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-366.096866097+1566.95156695+0+-1904.55840456+-1188.03418803
=-1,892

National Grid PLC's Cash from Financing for the quarter that ended in Mar. 2016 is

Cash from Financing(Q: Mar. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-29.9145299145+1207.97720798+0+-757.834757835+-631.054131054
=-211

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2016 was $-1,892 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.

National Grid PLC's net issuance of stock for the six months ended in Mar. 2016 was $-30 Mil. National Grid PLC paid $30 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.

National Grid PLC's net issuance of debt for the six months ended in Mar. 2016 was $1,208 Mil. National Grid PLC received $1,208 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.

National Grid PLC's net issuance of preferred for the six months ended in Mar. 2016 was $0 Mil. National Grid PLC 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.

National Grid PLC's cash flow for dividends for the six months ended in Mar. 2016 was $-758 Mil. National Grid PLC spent $758 Mil paying cash dividends to shareholders.

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

National Grid PLC's other financing for the six months ended in Mar. 2016 was $-631 Mil. National Grid PLC spent $631 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.

National Grid PLC Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
Net Issuance of Stock -298-2,950-8771724142015-481-366
Net Issuance of Debt 5,9243,1782,324-801-2,848-2446,492-1,696-1,0191,567
Net Issuance of Preferred 0000000000
Dividends -1,420-1,612-1,187-1,036-1,386-1,592-1,222-1,759-1,900-1,905
Other Financing -1,300-1,800-1,503-1,5113,515-1,185-1,195-1,497-1,462-1,188
Cash from Financing 2,907-3,184-1,242-3,331-695-3,0064,095-4,937-4,862-1,892

National Grid PLC Semi-Annual Data

Sep11Mar12Sep12Mar13Sep13Mar14Sep14Mar15Sep15Mar16
Net Issuance of Stock 13223-2132-29-454-362-30
Net Issuance of Debt 457-7031,8004,808-1,536-91-453-6043871,208
Net Issuance of Preferred 0000000000
Dividends -856-733-758-513-827-895-1,205-794-1,235-758
Other Financing -598-585-635-600-704-761-673-845-600-631
Cash from Financing -984-2,0194293,694-3,054-1,746-2,360-2,697-1,810-211
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