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Teva Pharmaceutical Industries Ltd (NYSE:TEVA)
Cash from Financing
$258 Mil (TTM As of Jun. 2015)

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. 2015, Teva Pharmaceutical Industries Ltd paid $439 Mil more to buy back shares than it received from issuing new shares. It received $2,093 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $578 Mil paying cash dividends to shareholders. It received $11 Mil on other financial activities. In all, Teva Pharmaceutical Industries Ltd earned $1,087 Mil on financial activities for the three months ended in Jun. 2015.


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.

Teva Pharmaceutical Industries Ltd's Cash from Financing for the fiscal year that ended in Dec. 2014 is calculated as:

Cash from Financing(A: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-500+-1224+0+-1156+505
=-2,375

Teva Pharmaceutical Industries Ltd's Cash from Financing for the quarter that ended in Jun. 2015 is

Cash from Financing(Q: Jun. 2015 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-439+2093+0+-578+11
=1,087

Teva Pharmaceutical Industries Ltd Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2015 was -329 (Sep. 2014 ) + -593 (Dec. 2014 ) + 93 (Mar. 2015 ) + 1087 (Jun. 2015 ) = $258 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.

Teva Pharmaceutical Industries Ltd's net issuance of stock for the three months ended in Jun. 2015 was $-439 Mil. Teva Pharmaceutical Industries Ltd paid $439 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.

Teva Pharmaceutical Industries Ltd's net issuance of debt for the three months ended in Jun. 2015 was $2,093 Mil. Teva Pharmaceutical Industries Ltd received $2,093 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.

Teva Pharmaceutical Industries Ltd's net issuance of preferred for the three months ended in Jun. 2015 was $0 Mil. Teva Pharmaceutical Industries Ltd 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.

Teva Pharmaceutical Industries Ltd's cash flow for dividends for the three months ended in Jun. 2015 was $-578 Mil. Teva Pharmaceutical Industries Ltd spent $578 Mil paying cash dividends to shareholders.

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

Teva Pharmaceutical Industries Ltd's other financing for the three months ended in Jun. 2015 was $11 Mil. Teva Pharmaceutical Industries Ltd received $11 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.

Teva Pharmaceutical Industries Ltd Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock -246-546000-99-899-1,161-497-500
Net Issuance of Debt 962,264-1581,678-1,8821,1465,034-3,464-2,411-1,224
Net Issuance of Preferred 0000000000
Dividends -162-229-299-388-528-668-800-855-1,089-1,156
Other Financing -143356814519413,802114505
Cash from Financing -3132,024-3621,358-2,2655733,336-1,678-3,883-2,375

Teva Pharmaceutical Industries Ltd Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Net Issuance of Stock -200-2970000000-439
Net Issuance of Debt -1,782-195-26-408-433-628-108-5502,093
Net Issuance of Preferred 0000000000
Dividends -281-268-264-276-291-299-294-2720-578
Other Financing 31234659010873-266011
Cash from Financing -2,260-748-256-619-634-819-329-593931,087
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