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Spirit Airlines Inc (NAS:SAVE)
Cash from Financing
$440 Mil (TTM As of Sep. 2015)

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 Sep. 2015, Spirit Airlines Inc paid $33 Mil more to buy back shares than it received from issuing new shares. It received $112 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It received $0 Mil from paying cash dividends to shareholders. It spent $9 Mil on other financial activities. In all, Spirit Airlines Inc earned $70 Mil on financial activities for the three months ended in Sep. 2015.


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.

Spirit Airlines Inc's Cash from Financing for the fiscal year that ended in Dec. 2014 is calculated as:

Cash from Financing(A: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1.63+146.767+0+0+-1.125
=144

Spirit Airlines Inc's Cash from Financing for the quarter that ended in Sep. 2015 is

Cash from Financing(Q: Sep. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-32.747+112.331+0+0+-9.1
=70

Spirit Airlines Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Sep. 2015 was 150.248 (Dec. 2014 ) + 176.005 (Mar. 2015 ) + 42.798 (Jun. 2015 ) + 70.484 (Sep. 2015 ) = $440 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

Spirit Airlines Inc's net issuance of stock for the three months ended in Sep. 2015 was $-33 Mil. Spirit Airlines Inc paid $33 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.

Spirit Airlines Inc's net issuance of debt for the three months ended in Sep. 2015 was $112 Mil. Spirit Airlines Inc received $112 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.

Spirit Airlines Inc's net issuance of preferred for the three months ended in Sep. 2015 was $0 Mil. Spirit Airlines 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.

Spirit Airlines Inc's cash flow for dividends for the three months ended in Sep. 2015 was $0 Mil. Spirit Airlines Inc received $0 Mil from paying cash dividends to shareholders.

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

Spirit Airlines Inc's other financing for the three months ended in Sep. 2015 was $-9 Mil. Spirit Airlines Inc spent $9 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 own currency.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock 000-0-00170-1-1-2
Net Issuance of Debt 0004-00-1800147
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 0000-105-1210-1
Cash from Financing 0004-10157-139144

Spirit Airlines Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
Net Issuance of Stock -1-0-0-1-1-0-0-11-68-33
Net Issuance of Debt 0000-1-0148182105112
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 1101-51356-9
Cash from Financing 0100-6-01501764370
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