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Sysco Corp (NYSE:SYY)
Cash from Financing
$-846 Mil (TTM As of Mar. 2014)

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 Mar. 2014, Sysco Corp paid $32 Mil more to buy back shares than it received from issuing new shares. It spent $157 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $169 Mil paying cash dividends to shareholders. It spent $5 Mil on other financial activities. In all, Sysco Corp spent $363 Mil on financial activities for the three months ended in Mar. 2014.


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.

Sysco Corp's Cash from Financing for the fiscal year that ended in Jun. 2013 is calculated as:

Cash from Financing(A: Jun. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-92.964+-137.547+0+-648.253+4.556
=-874

Sysco Corp's Cash from Financing for the quarter that ended in Mar. 2014 is

Cash from Financing(Q: Mar. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-32.173+-156.512+0+-169.493+-4.561
=-363

Sysco Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2014 was -343.948 (Jun. 2013 ) + -85.483 (Sep. 2013 ) + -53.908 (Dec. 2013 ) + -362.739 (Mar. 2014 ) = $-846 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.

Sysco Corp's net issuance of stock for the three months ended in Mar. 2014 was $-32 Mil. Sysco Corp paid $32 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.

Sysco Corp's net issuance of debt for the three months ended in Mar. 2014 was $-157 Mil. Sysco Corp spent $157 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.

Sysco Corp's net issuance of preferred for the three months ended in Mar. 2014 was $0 Mil. Sysco 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.

Sysco Corp's cash flow for dividends for the three months ended in Mar. 2014 was $-169 Mil. Sysco Corp spent $169 Mil paying cash dividends to shareholders.

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

Sysco Corp's other financing for the three months ended in Mar. 2014 was $-5 Mil. Sysco Corp 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 own currency.

Sysco Corp Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
Net Issuance of Stock -390-416-329-401-327-8441-173-93-77
Net Issuance of Debt -4332817200496-4178357-138-158
Net Issuance of Preferred 0000000000
Dividends -357-398-445-497-548-580-597-623-648-667
Other Financing 5-1990-110-45-14
Cash from Financing -785-505-748-699-380-667-378-443-874-916

Sysco Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Net Issuance of Stock 371734-87229-270-15448-3262
Net Issuance of Debt 14149-081-3088923274-157-308
Net Issuance of Preferred 0000000000
Dividends -158-158-158-158-166-166-164-164-169-169
Other Financing 0-300130-12-52
Cash from Financing -1065-124-163-243-344-85-54-363-414
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