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Sherwin-Williams Company (NYSE:SHW)
Cash from Financing
$-853 Mil (TTM As of Dec. 2013)

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. 2013, Sherwin-Williams Company paid $277 Mil more to buy back shares than it received from issuing new shares. It spent $206 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $51 Mil paying cash dividends to shareholders. It received $28 Mil on other financial activities. In all, Sherwin-Williams Company spent $506 Mil on financial activities for the three months ended in Dec. 2013.


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.

Sherwin-Williams Company's Cash from Financing for the fiscal year that ended in Dec. 2013 is calculated as:

Cash from Financing(A: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-769.271+21.175+0+-204.978+99.766
=-853

Sherwin-Williams Company's Cash from Financing for the quarter that ended in Dec. 2013 is

Cash from Financing(Q: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-277.249+-205.926+0+-50.626+28.017
=-506

Sherwin-Williams Company Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was -107.405 (Mar. 2013 ) + -189.352 (Jun. 2013 ) + -50.767 (Sep. 2013 ) + -505.784 (Dec. 2013 ) = $-853 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.

Sherwin-Williams Company's net issuance of stock for the three months ended in Dec. 2013 was $-277 Mil. Sherwin-Williams Company paid $277 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.

Sherwin-Williams Company's net issuance of debt for the three months ended in Dec. 2013 was $-206 Mil. Sherwin-Williams Company spent $206 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.

Sherwin-Williams Company's net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. Sherwin-Williams Company 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.

Sherwin-Williams Company's cash flow for dividends for the three months ended in Dec. 2013 was $-51 Mil. Sherwin-Williams Company spent $51 Mil paying cash dividends to shareholders.

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

Sherwin-Williams Company's other financing for the three months ended in Dec. 2013 was $28 Mil. Sherwin-Williams Company received $28 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.

Sherwin-Williams Company Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock -179-298-212-863-394-530-376-367-558-769
Net Issuance of Debt 158-11425272-123-23191-5270121
Net Issuance of Preferred 0000000000
Dividends -97-114-135-162-165-163-156-154-161-205
Other Financing -5-43387443311898304100
Cash from Financing -123-530-64-867-638-683-224-475287-853

Sherwin-Williams Company Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock -196-39-181-182-70-125-81-151-260-277
Net Issuance of Debt -42-176326-77-2767270-19245-206
Net Issuance of Preferred 0000000000
Dividends -38-38-40-40-40-40-52-52-51-51
Other Financing 54770271139425321428
Cash from Financing -271-206176-272-274656-107-189-51-506
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