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Targa Resources Corp (NYSE:TRGP)
Cash from Financing
$-245 Mil (TTM As of Mar. 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 Mar. 2016, Targa Resources Corp paid $0 Mil more to buy back shares than it received from issuing new shares. It spent $845 Mil paying down its debt. It received $994 Mil more from issuing preferred shares than it paid to buy back preferred shares. It spent $193 Mil paying cash dividends to shareholders. It spent $35 Mil on other financial activities. In all, Targa Resources Corp spent $79 Mil on financial activities for the three months ended in Mar. 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.

Targa Resources Corp'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
=405.3+66.3+0+-113+-354.7
=4

Targa Resources Corp's Cash from Financing for the quarter that ended in Mar. 2016 is

Cash from Financing(Q: Mar. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-0.2+-844.9+994.1+-193.4+-34.6
=-79

Targa Resources Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2016 was -37.6 (Jun. 2015 ) + -17.7 (Sep. 2015 ) + -110.5 (Dec. 2015 ) + -79 (Mar. 2016 ) = $-245 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.

Targa Resources Corp's net issuance of stock for the three months ended in Mar. 2016 was $-0 Mil. Targa Resources Corp 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.

Targa Resources Corp's net issuance of debt for the three months ended in Mar. 2016 was $-845 Mil. Targa Resources Corp spent $845 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.

Targa Resources Corp's net issuance of preferred for the three months ended in Mar. 2016 was $994 Mil. Targa Resources Corp received $994 Mil more from issuing preferred shares than it paid to buy back preferred shares.

4. Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Targa Resources Corp's cash flow for dividends for the three months ended in Mar. 2016 was $-193 Mil. Targa Resources Corp spent $193 Mil paying cash dividends to shareholders.

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

Targa Resources Corp's other financing for the three months ended in Mar. 2016 was $-35 Mil. Targa Resources Corp spent $35 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.

Targa Resources Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Net Issuance of Stock 000010484511405772
Net Issuance of Debt 00168-346-56308082661,324
Net Issuance of Preferred 0000000000
Dividends 0000-448-38-274-362-113-182
Other Financing 00-168-413669675483-355-490
Cash from Financing 001-387-138871,09363441,424

Targa Resources Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
Net Issuance of Stock 132110548915336226618126-0
Net Issuance of Debt -376-1270130-1221,371-110153-91-845
Net Issuance of Preferred 000000000994
Dividends -105-26-196-120229-32-47-52-51-193
Other Financing 496-169167-43-310-111-147-137-95-35
Cash from Financing 147-979556-501,590-38-18-111-79
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