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GuruFocus has detected 7 Warning Signs with PPL Corp $PPL.
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PPL Corp (NYSE:PPL)
Cash Flow from Financing
$-439 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, PPL Corp received $11 Mil more from issuing new shares than it paid to buy back shares. It received $373 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $258 Mil paying cash dividends to shareholders. It spent $7 Mil on other financial activities. In all, PPL Corp earned $119 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.

PPL Corp'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
=144+441+0+-1030+6
=-439

PPL Corp's Cash from Financing for the quarter that ended in Dec. 2016 is

PPL Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 115 (Mar. 2016 ) + -267 (Jun. 2016 ) + -406 (Sep. 2016 ) + 119 (Dec. 2016 ) = $-439 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.

PPL Corp's net issuance of stock for the three months ended in Dec. 2016 was $11 Mil. PPL Corp received $11 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.

PPL Corp's net issuance of debt for the three months ended in Dec. 2016 was $373 Mil. PPL Corp received $373 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.

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

PPL Corp's cash flow for dividends for the three months ended in Dec. 2016 was $-258 Mil. PPL Corp spent $258 Mil paying cash dividends to shareholders.

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

PPL Corp's other financing for the three months ended in Dec. 2016 was $-7 Mil. PPL Corp spent $7 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.

PPL Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -680-19602,4412,297721,3371,074203144
Net Issuance of Debt -1701,255-7704,6924,4101,1892,4432061,330441
Net Issuance of Preferred 000-540-2500000
Dividends -459-491-517-566-746-833-878-967-1,004-1,030
Other Financing -17-24-44-206-194-130-1,271270-4616
Cash from Financing -1,326721-1,2716,3075,767481,63158368-439

PPL Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock 20373548625842345711
Net Issuance of Debt 27339163201502464351-81-202373
Net Issuance of Preferred 0000000000
Dividends -248-249-250-250-250-254-255-258-259-258
Other Financing -5137-45-387-12-17-2338-2-7
Cash from Financing -252164-97-388302251115-267-406119
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