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Primus Guaranty Ltd (OTCPK:PRSG)
Cash Flow from Financing
\$-55.63 Mil (TTM As of Dec. 2011)

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. 2011, Primus Guaranty Ltd paid \$2.47 Mil more to buy back shares than it received from issuing new shares. It spent \$13.89 Mil paying down its debt. It paid \$0.00 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent \$0.69 Mil paying cash dividends to shareholders. It spent \$0.00 Mil on other financial activities. In all, Primus Guaranty Ltd spent \$17.05 Mil on financial activities for the three months ended in Dec. 2011.

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.

Primus Guaranty Ltd's Cash from Financing for the fiscal year that ended in Dec. 2011 is calculated as:

 Cash from Financing (A: Dec. 2011 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred + Dividends + Other Financing = -19.464 + -31.254 + -1.875 + -3.035 + 0 = -55.63

Primus Guaranty Ltd's Cash from Financing for the quarter that ended in Dec. 2011 is

 Cash from Financing (Q: Dec. 2011 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred + Dividends + Other Financing = -2.468 + -13.886 + 0 + -0.692 + -2.22044604925E-16 = -17.05

Primus Guaranty Ltd Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2011 was -12.562 (Mar. 2011 ) + -6.554 (Jun. 2011 ) + -19.466 (Sep. 2011 ) + -17.046 (Dec. 2011 ) = \$-55.63 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.

Primus Guaranty Ltd's net issuance of stock for the three months ended in Dec. 2011 was \$-2.47 Mil. Primus Guaranty Ltd paid \$2.47 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.

Primus Guaranty Ltd's net issuance of debt for the three months ended in Dec. 2011 was \$-13.89 Mil. Primus Guaranty Ltd spent \$13.89 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.

Primus Guaranty Ltd's net issuance of preferred for the three months ended in Dec. 2011 was \$0.00 Mil. Primus Guaranty Ltd paid \$0.00 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.

Primus Guaranty Ltd's cash flow for dividends for the three months ended in Dec. 2011 was \$-0.69 Mil. Primus Guaranty Ltd spent \$0.69 Mil paying cash dividends to shareholders.

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

Primus Guaranty Ltd's other financing for the three months ended in Dec. 2011 was \$-0.00 Mil. Primus Guaranty Ltd spent \$0.00 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.

Primus Guaranty Ltd Annual Data

 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Net Issuance of Stock 0.00 -0.01 116.24 -2.66 -0.79 6.72 -3.58 -10.35 -13.15 -19.46 Net Issuance of Debt 0.00 0.00 73.86 125.00 120.48 0.00 -5.06 -23.19 -56.33 -31.25 Net Issuance of Preferred 243.20 0.00 0.00 0.00 0.00 0.00 0.00 -0.91 0.00 -1.88 Dividends 0.00 0.00 -2.14 -3.87 -5.68 -7.57 -6.64 -3.42 -3.16 -3.04 Other Financing 0.00 -1.85 0.00 -2.09 0.61 -0.00 0.00 0.00 0.00 0.00 Cash from Financing 243.20 -1.87 187.97 116.39 114.62 -0.85 -15.28 -37.87 -72.64 -55.63

Primus Guaranty Ltd Quarterly Data

 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Net Issuance of Stock -3.59 -4.89 -1.03 -2.24 -4.92 -4.96 -2.53 -3.98 -10.49 -2.47 Net Issuance of Debt -0.62 -4.14 -22.29 -25.34 -3.82 -4.89 -9.07 0.00 -8.30 -13.89 Net Issuance of Preferred 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Dividends 0.00 0.00 -0.99 -0.72 -0.73 -0.72 -0.96 -0.70 -0.68 -0.69 Other Financing -0.73 -0.68 0.00 0.00 -0.00 -0.00 0.00 -1.88 -0.00 -0.00 Cash from Financing -4.93 -9.71 -24.31 -28.30 -9.47 -10.56 -12.56 -6.55 -19.47 -17.05
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