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Time Warner Inc (NYSE:TWX)
Cash from Financing
$-3,783 Mil (TTM As of Dec. 2013)

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 Dec. 2013, Time Warner Inc paid $1,105 Mil more to buy back shares than it received from issuing new shares. It received $998 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $263 Mil paying cash dividends to shareholders. It received $90 Mil on other financial activities. In all, Time Warner Inc spent $280 Mil on financial activities for the three months ended in Dec. 2013.


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.

Time Warner Inc'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
=-3708+266+0+-1074+733
=-3,783

Time Warner Inc's Cash from Financing for the quarter that ended in Dec. 2013 is

Cash from Financing(Q: Dec. 2013 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1105+998+0+-263+90
=-280

Time Warner Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2013 was -1068 (Mar. 2013 ) + -914 (Jun. 2013 ) + -1521 (Sep. 2013 ) + -280 (Dec. 2013 ) = $-3,783 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.

Time Warner Inc's net issuance of stock for the three months ended in Dec. 2013 was $-1,105 Mil. Time Warner Inc paid $1,105 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.

Time Warner Inc's net issuance of debt for the three months ended in Dec. 2013 was $998 Mil. Time Warner Inc received $998 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.

Time Warner Inc's net issuance of preferred for the three months ended in Dec. 2013 was $0 Mil. Time Warner 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.

Time Warner Inc's cash flow for dividends for the three months ended in Dec. 2013 was $-263 Mil. Time Warner Inc spent $263 Mil paying cash dividends to shareholders.

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

Time Warner Inc's other financing for the three months ended in Dec. 2013 was $90 Mil. Time Warner Inc received $90 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.

Time Warner Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Net Issuance of Stock 353-1,834-12,962-6,231-332-1,158-2,016-4,611-3,272-3,708
Net Issuance of Debt -3,393-2,10714,8952,110-1,564-6,4853192,945353266
Net Issuance of Preferred 0000000000
Dividends 0-466-876-871-901-897-971-997-1,011-1,074
Other Financing 881071465034,116-5,255-2561301,099733
Cash from Financing -2,952-4,3001,203-4,4891,319-13,795-2,924-2,533-2,831-3,783

Time Warner Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Net Issuance of Stock -1,107-1,528-725-565-706-1,276-672-850-1,081-1,105
Net Issuance of Debt -13985-5360-1-1-4342-300998
Net Issuance of Preferred 0000000000
Dividends -247-236-257-253-252-249-273-271-267-263
Other Financing 9251594257232631120512790
Cash from Financing -1,358-754-828-416-387-1,200-1,068-914-1,521-280
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