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Nike Inc (NYSE:NKE)
Cash from Financing
$-2,914 Mil (TTM As of May. 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 May. 2014, Nike Inc paid $912 Mil more to buy back shares than it received from issuing new shares. It received $45 Mil from issuing more 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 $82 Mil on other financial activities. In all, Nike Inc spent $997 Mil on financial activities for the three months ended in May. 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. 2014 is calculated as:

Cash from Financing(A: May. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-2628+15+0+-799+498
=-2,914

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

Cash from Financing(Q: May. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-912+45+0+-212+82
=-997

Nike Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in May. 2014 was -598 (Aug. 2013 ) + -392 (Nov. 2013 ) + -927 (Feb. 2014 ) + -997 (May. 2014 ) = $-2,914 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 May. 2014 was $-912 Mil. Nike Inc paid $912 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 May. 2014 was $45 Mil. Nike Inc received $45 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.

Nike Inc's net issuance of preferred for the three months ended in May. 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 May. 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 May. 2014 was $82 Mil. Nike Inc received $82 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

May05May06May07May08May09May10May11May12May13May14
Net Issuance of Stock -329-536-662-1,248-649-741-1,859-1,814-1,674-2,628
Net Issuance of Debt -91-24-16129170-23733-26894715
Net Issuance of Preferred 0000000000
Dividends -237-291-344-413-467-505-555-619-703-799
Other Financing -0056406212422409583385498
Cash from Financing -657-851-1,112-1,226-734-1,061-1,972-2,118-1,045-2,914

Nike Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Net Issuance of Stock -260-229-766-413-253-242-526-402-788-912
Net Issuance of Debt -10520-23-3211,001-514-3945
Net Issuance of Preferred 0000000000
Dividends -165-165-165-162-188-188-188-187-212-212
Other Financing 11412647838816712118311282
Cash from Financing -416-248-907-524-352738-598-392-927-997
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