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GuruFocus has detected 5 Warning Signs with Sunoco Logistics Partners LP $SXL.
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Sunoco Logistics Partners LP (NYSE:SXL)
Cash Flow from Financing
$2,154 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, Sunoco Logistics Partners LP received $84 Mil more from issuing new shares than it paid to buy back shares. It received $1,300 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $266 Mil paying cash dividends to shareholders. It spent $5 Mil on other financial activities. In all, Sunoco Logistics Partners LP earned $1,113 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.

Sunoco Logistics Partners LP'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
=1388+1729+0+-961+-2
=2,154

Sunoco Logistics Partners LP's Cash from Financing for the quarter that ended in Dec. 2016 is

Cash from Financing(Q: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=84+1300+0+-266+-5
=1,113

Sunoco Logistics Partners LP Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was 467 (Mar. 2016 ) + 281 (Jun. 2016 ) + 293 (Sep. 2016 ) + 1113 (Dec. 2016 ) = $2,154 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.

Sunoco Logistics Partners LP's net issuance of stock for the three months ended in Dec. 2016 was $84 Mil. Sunoco Logistics Partners LP received $84 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.

Sunoco Logistics Partners LP's net issuance of debt for the three months ended in Dec. 2016 was $1,300 Mil. Sunoco Logistics Partners LP received $1,300 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.

Sunoco Logistics Partners LP's net issuance of preferred for the three months ended in Dec. 2016 was $0 Mil. Sunoco Logistics Partners LP 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.

Sunoco Logistics Partners LP's cash flow for dividends for the three months ended in Dec. 2016 was $-266 Mil. Sunoco Logistics Partners LP spent $266 Mil paying cash dividends to shareholders.

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

Sunoco Logistics Partners LP's other financing for the three months ended in Dec. 2016 was $-5 Mil. Sunoco Logistics Partners LP spent $5 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.

Sunoco Logistics Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 001121462008411,5191,388
Net Issuance of Debt 22237117153464-1117871,7511,3681,729
Net Issuance of Preferred 0000000000
Dividends -117-137-173-189-210-252-353-468-686-961
Other Financing -02-6-25-7433-190238-9-2
Cash from Financing -961035085182-3302442,3622,1922,154

Sunoco Logistics Partners LP Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Net Issuance of Stock 49324668932426124530136663784
Net Issuance of Debt 275618200165329674380146-971,300
Net Issuance of Preferred 0000000000
Dividends -120-133-146-165-180-195-216-232-247-266
Other Financing 3-6-1021-2210-5
Cash from Financing 6517257333264117224672812931,113
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