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 Dec. 2023,
OFG Bancorp paid$0.0 Mil more to buy back shares than it received from issuing new shares.
It spent$273.1 Mil paying down its debt.
It paid$0.0 Mil more to buy back preferred shares than it received from issuing preferred shares.
It spent$10.5 Mil paying cash dividends to shareholders.
It received$1,247.8 Mil on other financial activities.
In all, OFG Bancorpearned$964.2 Mil on financial activities for the
three
months ended in Dec. 2023.
OFG Bancorp Cash Flow from Financing Historical Data
The historical data trend for OFG Bancorp's Cash Flow from Financing can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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.
OFG Bancorp's Cash from Financing for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,306.8 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
OFG Bancorp (NYSE:OFG) Cash Flow from Financing Explanation
Cash from financing contains six items:
1. Issuance of Stock:
A company may raise cash from issuing new shares. Issuance of stock represents the cash inflow from offering common stock, which is the additional capital contribution to the entity during the period.
OFG Bancorp's issuance of stock for the
three
months ended in Dec. 2023 was $0.0 Mil.
2. Repurchase of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. Repurchase of stock represents the cash outflow to reacquire common stock during the period.
OFG Bancorp's repurchase of stock for the
three
months ended in Dec. 2023 was $0.0 Mil.
3. 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.
OFG Bancorp's net issuance of debt for the
three
months ended in Dec. 2023 was $-273.1 Mil.
OFG Bancorp spent$273.1 Mil paying down its debt.
4. Net Issuance of Preferred Stock:
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.
OFG Bancorp's net issuance of preferred for the
three
months ended in Dec. 2023 was $0.0 Mil.
OFG Bancorp paid$0.0 Mil more to buy back preferred shares than it received from issuing preferred shares.
5. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.
OFG Bancorp's cash flow for dividends for the
three
months ended in Dec. 2023 was $-10.5 Mil.
OFG Bancorp spent$10.5 Mil paying cash dividends to shareholders.
6. Other Financing:
Money spent or earned by company from other financial activities.
OFG Bancorp's other financing for the
three
months ended in Dec. 2023 was $1,247.8 Mil.
OFG Bancorp received$1,247.8 Mil on other financial activities.
OFG Bancorp Cash Flow from Financing Related Terms
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OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.
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