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Toll Brothers Inc (NYSE:TOL)
Cash from Financing
\$165 Mil (TTM As of Jul. 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 Jul. 2016, Toll Brothers Inc paid \$97 Mil more to buy back shares than it received from issuing new shares. It received \$366 Mil from issuing more debt. It paid \$0 Mil more to buy back preferred shares than it received from issuing preferred shares. It received \$0 Mil from paying cash dividends to shareholders. It spent \$3 Mil on other financial activities. In all, Toll Brothers Inc earned \$266 Mil on financial activities for the three months ended in Jul. 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.

Toll Brothers Inc's Cash from Financing for the fiscal year that ended in Oct. 2015 is calculated as:

 Cash from Financing (A: Oct. 2015 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred + Dividends + Other Financing = -56.888 + 344.974 + 0 + 0 + 37.182 = 325

Toll Brothers Inc's Cash from Financing for the quarter that ended in Jul. 2016 is

 Cash from Financing (Q: Jul. 2016 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred + Dividends + Other Financing = -97.349 + 366.368 + 0 + 0 + -3.129 = 266

Toll Brothers Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Jul. 2016 was 420.925 (Oct. 2015 ) + -575.524 (Jan. 2016 ) + 53.249 (Apr. 2016 ) + 265.89 (Jul. 2016 ) = \$165 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.

Toll Brothers Inc's net issuance of stock for the three months ended in Jul. 2016 was \$-97 Mil. Toll Brothers Inc paid \$97 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.

Toll Brothers Inc's net issuance of debt for the three months ended in Jul. 2016 was \$366 Mil. Toll Brothers Inc received \$366 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.

Toll Brothers Inc's net issuance of preferred for the three months ended in Jul. 2016 was \$0 Mil. Toll Brothers Inc 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.

Toll Brothers Inc's cash flow for dividends for the three months ended in Jul. 2016 was \$0 Mil. Toll Brothers Inc received \$0 Mil from paying cash dividends to shareholders.

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

Toll Brothers Inc's other financing for the three months ended in Jul. 2016 was \$-3 Mil. Toll Brothers Inc spent \$3 Mil on other financial activities.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Toll Brothers Inc Annual Data

 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Net Issuance of Stock -95 -2 -2 -1 -1 -49 -1 -15 130 -57 Net Issuance of Debt 297 -125 -71 -20 -483 -90 566 206 794 345 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends 0 0 0 0 0 0 0 0 0 0 Other Financing 20 38 44 45 13 28 40 40 28 37 Cash from Financing 222 -88 -29 23 -471 -111 605 230 952 325

Toll Brothers Inc Quarterly Data

 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Net Issuance of Stock -0 -0 -90 -6 -0 -0 -50 -150 -80 -97 Net Issuance of Debt 315 -98 9 -58 14 -84 472 -431 133 366 Net Issuance of Preferred 0 0 0 0 0 0 0 0 0 0 Dividends 0 0 0 0 0 0 0 0 0 0 Other Financing 3 2 9 20 19 0 -1 5 1 -3 Cash from Financing 318 -96 -72 -44 32 -84 421 -576 53 266
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