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Nike, Inc. (NYSE:NKE)
Cash from Financing
$-1,174 Mil (TTM As of Feb. 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 Feb. 2014, Nike, Inc. paid $788 Mil more to buy back shares than it received from issuing new shares. It spent $39 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $212 Mil paying cash dividends to shareholders. It received $112 Mil on other financial activities. In all, Nike, Inc. spent $927 Mil on financial activities for the three months ended in Feb. 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.

Nike, Inc.'s Cash from Financing for the fiscal year that ended in May. 2013 is calculated as:

Cash from Financing(A: May. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1674+952+0+-703+385
=-1,040

Nike, Inc.'s Cash from Financing for the quarter that ended in Feb. 2014 is

Cash from Financing(Q: Feb. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-788+-39+0+-212+112
=-927

Nike, Inc. Cash Flow from Financing for the trailing twelve months (TTM) ended in Feb. 2014 was 743 (May. 2013 ) + -598 (Aug. 2013 ) + -392 (Nov. 2013 ) + -927 (Feb. 2014 ) = $-1,174 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.

Nike, Inc.'s net issuance of stock for the three months ended in Feb. 2014 was $-788 Mil. Nike, Inc. paid $788 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.

Nike, Inc.'s net issuance of debt for the three months ended in Feb. 2014 was $-39 Mil. Nike, Inc. spent $39 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.

Nike, Inc.'s net issuance of preferred for the three months ended in Feb. 2014 was $0 Mil. Nike, 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.

Nike, Inc.'s cash flow for dividends for the three months ended in Feb. 2014 was $-212 Mil. Nike, Inc. spent $212 Mil paying cash dividends to shareholders.

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

Nike, Inc.'s other financing for the three months ended in Feb. 2014 was $112 Mil. Nike, Inc. received $112 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.

Nike, Inc. Annual Data

May04May05May06May07May08May09May10May11May12May13
Net Issuance of Stock -166-329-536-662-1,248-649-741-1,859-1,814-1,674
Net Issuance of Debt -53-91-24-16129170-23733-268952
Net Issuance of Preferred 0000000000
Dividends -179-237-291-344-413-467-505-555-619-703
Other Financing 0-0056406212422409583385
Cash from Financing -399-657-851-1,112-1,226-734-1,061-1,972-2,118-1,040

Nike, Inc. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
Net Issuance of Stock -699-260-229-766-413-253-242-526-402-788
Net Issuance of Debt -33-10520-23-3211,006-514-39
Net Issuance of Preferred 0000000000
Dividends -144-165-165-165-162-188-188-188-187-212
Other Financing 166114126478388167121183112
Cash from Financing -710-416-248-907-524-352743-598-392-927
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