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Telefonica SA (NYSE:TEF)
Cash from Financing
$-4,326 Mil (TTM As of Jun. 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 Jun. 2014, Telefonica SA paid $0 Mil more to buy back shares than it received from issuing new shares. It spent $2,410 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $2,766 Mil paying cash dividends to shareholders. It received $1,472 Mil on other financial activities. In all, Telefonica SA spent $3,704 Mil on financial activities for the three months ended in Jun. 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.

Telefonica SA'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
=0+-4133.51498638+0+-2972.7520436+3448.22888283
=-3,658

Telefonica SA's Cash from Financing for the quarter that ended in Jun. 2014 is

Cash from Financing(Q: Jun. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+-2410.0135318+0+-2765.89986468+1472.25981055
=-3,704

Telefonica SA Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2014 was 0 (Sep. 2013 ) + -622.615803815 (Dec. 2013 ) + 0 (Mar. 2014 ) + -3703.65358593 (Jun. 2014 ) = $-4,326 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.

Telefonica SA's net issuance of stock for the three months ended in Jun. 2014 was $0 Mil. Telefonica SA 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.

Telefonica SA's net issuance of debt for the three months ended in Jun. 2014 was $-2,410 Mil. Telefonica SA spent $2,410 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.

Telefonica SA's net issuance of preferred for the three months ended in Jun. 2014 was $0 Mil. Telefonica SA 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.

Telefonica SA's cash flow for dividends for the three months ended in Jun. 2014 was $-2,766 Mil. Telefonica SA spent $2,766 Mil paying cash dividends to shareholders.

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

Telefonica SA's other financing for the three months ended in Jun. 2014 was $1,472 Mil. Telefonica SA received $1,472 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.

Telefonica SA Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 0000000000
Net Issuance of Debt 1,1375,32226,122-5,785-1,4364,9992,5193,9411,827-4,134
Net Issuance of Preferred 0000000000
Dividends -3,758-3,357-4,151-4,926-5,881-6,902-8,354-9,764-4,352-2,973
Other Financing -2,541-2,493-3,047-3,169-2,968-1,351-1,180-5158723,448
Cash from Financing -5,163-52818,925-13,881-10,285-3,254-7,016-6,338-1,653-3,658

Telefonica SA Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Net Issuance of Stock 0000000000
Net Issuance of Debt 2,6751,1270-2,0960-2,9190-1,0950-2,410
Net Issuance of Preferred 0000000000
Dividends 0-3,5740-4840-3350-2,6240-2,766
Other Financing -308-72701,971033803,09701,472
Cash from Financing 2,367-3,1740-6090-2,9160-6230-3,704
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