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Xerox Corporation (NYSE:XRX)
Cash from Financing
$-1,624 Mil (TTM As of Dec. 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 Dec. 2014, Xerox Corporation paid $376 Mil more to buy back shares than it received from issuing new shares. It received $160 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $124 Mil paying cash dividends to shareholders. It received $43 Mil on other financial activities. In all, Xerox Corporation spent $297 Mil on financial activities for the three months ended in Dec. 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.

Xerox Corporation'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
=-1057+-175+0+-400+8
=-1,624

Xerox Corporation's Cash from Financing for the quarter that ended in Dec. 2014 is

Cash from Financing(Q: Dec. 2014 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-376+160+0+-124+43
=-297

Xerox Corporation Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2014 was -349 (Mar. 2014 ) + -561 (Jun. 2014 ) + -417 (Sep. 2014 ) + -297 (Dec. 2014 ) = $-1,624 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.

Xerox Corporation's net issuance of stock for the three months ended in Dec. 2014 was $-376 Mil. Xerox Corporation paid $376 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.

Xerox Corporation's net issuance of debt for the three months ended in Dec. 2014 was $160 Mil. Xerox Corporation received $160 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.

Xerox Corporation's net issuance of preferred for the three months ended in Dec. 2014 was $0 Mil. Xerox Corporation 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.

Xerox Corporation's cash flow for dividends for the three months ended in Dec. 2014 was $-124 Mil. Xerox Corporation spent $124 Mil paying cash dividends to shareholders.

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

Xerox Corporation's other financing for the three months ended in Dec. 2014 was $43 Mil. Xerox Corporation received $43 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.

Xerox Corporation Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Net Issuance of Stock -393-987-567-839-11183-684-1,050-629-1,057
Net Issuance of Debt -2,509-315-117699866-3,056-621-108-434-175
Net Issuance of Preferred 0000000000
Dividends -58-430-154-149-252-287-324-352-400
Other Financing -2-8365-17-149610138
Cash from Financing -2,962-1,428-619-311692-3,116-1,586-1,472-1,402-1,624

Xerox Corporation Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Net Issuance of Stock -328-375231-119-553-256-185-241-376
Net Issuance of Debt 199-85057-378-6104974-299-40160
Net Issuance of Preferred 0000000000
Dividends -71-66-58-80-110-101-74-80-106-124
Other Financing -3041-2-3-3257-233-3043
Cash from Financing -230-1,250-1-430-871-100-349-561-417-297
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