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GuruFocus has detected 6 Warning Signs with Sears Holdings Corp $SHLD.
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Sears Holdings Corp (NAS:SHLD)
Cash Flow from Financing
$1,185 Mil (TTM As of Jan. 2017)

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 Jan. 2017, Sears Holdings Corp paid $0 Mil more to buy back shares than it received from issuing new shares. It spent $134 Mil paying down its 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 received $50 Mil on other financial activities. In all, Sears Holdings Corp spent $84 Mil on financial activities for the three months ended in Jan. 2017.


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.

Sears Holdings Corp's Cash from Financing for the fiscal year that ended in Jan. 2017 is calculated as:

Sears Holdings Corp's Cash from Financing for the quarter that ended in Jan. 2017 is

Sears Holdings Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Jan. 2017 was 772 (Apr. 2016 ) + -233 (Jul. 2016 ) + 730 (Oct. 2016 ) + -84 (Jan. 2017 ) = $1,185 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.

Sears Holdings Corp's net issuance of stock for the three months ended in Jan. 2017 was $0 Mil. Sears Holdings Corp paid $0 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.

Sears Holdings Corp's net issuance of debt for the three months ended in Jan. 2017 was $-134 Mil. Sears Holdings Corp spent $134 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.

Sears Holdings Corp's net issuance of preferred for the three months ended in Jan. 2017 was $0 Mil. Sears Holdings 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.

Sears Holdings Corp's cash flow for dividends for the three months ended in Jan. 2017 was $0 Mil. Sears Holdings Corp received $0 Mil from paying cash dividends to shareholders.

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

Sears Holdings Corp's other financing for the three months ended in Jan. 2017 was $50 Mil. Sears Holdings Corp received $50 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.

Sears Holdings Corp Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
Net Issuance of Stock -2,926-678-418-997-226-100000
Net Issuance of Debt -60135-4521,030308-4111,149-172-8221,165
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 880-81-128-110394-24745745820
Cash from Financing -3,439-643-951-95-28-27902285-3641,185

Sears Holdings Corp Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
Net Issuance of Stock 0000000000
Net Issuance of Debt 673-87581-733-26494793-233739-134
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing -9-742635-30-210-950
Cash from Financing 664-882507-698-26794772-233730-84
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