Switch to:
GuruFocus has detected 5 Warning Signs with Frontline Ltd \$OSTO:FROO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Frontline Ltd (OSTO:FROo)
Cash Flow from Financing
Kr422 Mil (TTM As of Dec. 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 three months ended in Dec. 2016, Frontline Ltd paid Kr0 Mil more to buy back shares than it received from issuing new shares. It spent Kr815 Mil paying down its debt. It paid Kr0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent Kr133 Mil paying cash dividends to shareholders. It received Kr1,332 Mil on other financial activities. In all, Frontline Ltd earned Kr383 Mil on financial activities for the three months ended in Dec. 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.

Frontline Ltd's Cash from Financing for the fiscal year that ended in Dec. 2016 is calculated as:

 Cash from Financing (A: Dec. 2016 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred + Dividends + Other Financing = 840.607876712 + 1065.9760274 + 0 + -1408.82705479 + -81.5325342466 = 416

Frontline Ltd's Cash from Financing for the quarter that ended in Dec. 2016 is

 Cash from Financing (Q: Dec. 2016 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred + Dividends + Other Financing = 0 + -815.428082192 + 0 + -133.227739726 + 1331.91780822 = 383

Frontline Ltd Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 381.686440678 (Mar. 2016 ) + -375.830564784 (Jun. 2016 ) + 33.2868852459 (Sep. 2016 ) + 383.261986301 (Dec. 2016 ) = Kr422 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Frontline Ltd's net issuance of stock for the three months ended in Dec. 2016 was Kr0 Mil. Frontline Ltd paid Kr0 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.

Frontline Ltd's net issuance of debt for the three months ended in Dec. 2016 was Kr-815 Mil. Frontline Ltd spent Kr815 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.

Frontline Ltd's net issuance of preferred for the three months ended in Dec. 2016 was Kr0 Mil. Frontline Ltd paid Kr0 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.

Frontline Ltd's cash flow for dividends for the three months ended in Dec. 2016 was Kr-133 Mil. Frontline Ltd spent Kr133 Mil paying cash dividends to shareholders.

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

Frontline Ltd's other financing for the three months ended in Dec. 2016 was Kr1,332 Mil. Frontline Ltd received Kr1,332 Mil on other financial activities.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Frontline Ltd Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Net Issuance of Stock 0 1,461 0 0 0 0 3,238 -367 0 841 Net Issuance of Debt -933 1,796 -1,544 1,167 -2,837 -140 -297 -545 993 1,066 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends -3,608 -4,505 -404 -932 -101 0 -9 -269 -341 -1,409 Other Financing -0 0 -0 -0 -53 -357 -9 847 1,257 -82 Cash from Financing -4,542 -1,248 -1,949 235 -2,991 -497 2,923 -334 1,909 416

Frontline Ltd Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Net Issuance of Stock 34 -752 0 0 0 0 0 0 0 0 Net Issuance of Debt 164 -330 916 165 -111 -71 987 384 467 -815 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends 0 0 -0 -0 0 -341 -466 -522 -256 -133 Other Financing -73 827 1,129 4 -4 28 -140 -238 -178 1,332 Cash from Financing 125 -254 2,045 169 -115 -384 382 -376 33 383
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)