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GuruFocus has detected 6 Warning Signs with Prologis Inc $PLD.
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Prologis Inc (NYSE:PLD)
Cash Flow from Financing
$-2,125 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, Prologis Inc received $1 Mil more from issuing new shares than it paid to buy back shares. It spent $231 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $224 Mil paying cash dividends to shareholders. It spent $43 Mil on other financial activities. In all, Prologis Inc spent $497 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.

Prologis Inc'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
=39.47+-898.322+0+-893.455+-373.158
=-2,125

Prologis Inc'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
=1.369+-231.29+0+-224.071+-42.81
=-497

Prologis Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -509.271 (Mar. 2016 ) + -920.781 (Jun. 2016 ) + -198.611 (Sep. 2016 ) + -496.802 (Dec. 2016 ) = $-2,125 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.

Prologis Inc's net issuance of stock for the three months ended in Dec. 2016 was $1 Mil. Prologis Inc received $1 Mil more from issuing new shares than it paid to buy back 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.

Prologis Inc's net issuance of debt for the three months ended in Dec. 2016 was $-231 Mil. Prologis Inc spent $231 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.

Prologis Inc's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Prologis 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.

Prologis Inc's cash flow for dividends for the three months ended in Dec. 2016 was $-224 Mil. Prologis Inc spent $224 Mil paying cash dividends to shareholders.

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

Prologis Inc's other financing for the three months ended in Dec. 2016 was $-43 Mil. Prologis Inc spent $43 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 local exchange's currency.

Prologis Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 419-885521,1621,156311,0233789039
Net Issuance of Debt 396950-674-1,748-608-408-2,517-1432,218-898
Net Issuance of Preferred -103-0-0000-483-2800
Dividends -349-286-143-306-414-568-574-672-805-893
Other Financing 586-33-7829-1261841142,093-373
Cash from Financing 420582-298-970163-1,072-2,366-3513,596-2,125

Prologis Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock 43638211619281
Net Issuance of Debt 501-4591012,625-200-308-207-55797-231
Net Issuance of Preferred 0000000000
Dividends -166-170-191-191-212-212-223-223-224-224
Other Financing -10-62-252,328-139-71-81-150-99-43
Cash from Financing 328-328-324,763-550-585-509-921-199-497
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