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. 2023,
IGM Financial received$0 Mil more from issuing new shares than it paid to buy back shares.
It spent$421 Mil paying down its debt.
It paid$0 Mil more to buy back preferred shares than it received from issuing preferred shares.
It spent$100 Mil paying cash dividends to shareholders.
It spent$0 Mil on other financial activities.
In all, IGM Financialspent$520 Mil on financial activities for the
three
months ended in Dec. 2023.
IGM Financial Cash Flow from Financing Historical Data
The historical data trend for IGM Financial's Cash Flow from Financing can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IGM Financial Cash Flow from Financing Calculation
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.
IGM Financial's Cash from Financing for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-145 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IGM Financial (OTCPK:IGIFF) Cash Flow from Financing Explanation
Cash from financing contains six items:
1. Issuance of Stock:
A company may raise cash from issuing new shares. Issuance of stock represents the cash inflow from offering common stock, which is the additional capital contribution to the entity during the period.
IGM Financial's issuance of stock for the
three
months ended in Dec. 2023 was $0 Mil.
2. Repurchase of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. Repurchase of stock represents the cash outflow to reacquire common stock during the period.
IGM Financial's repurchase of stock for the
three
months ended in Dec. 2023 was $0 Mil.
3. 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.
IGM Financial's net issuance of debt for the
three
months ended in Dec. 2023 was $-421 Mil.
IGM Financial spent$421 Mil paying down its debt.
4. Net Issuance of Preferred Stock:
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.
IGM Financial's net issuance of preferred for the
three
months ended in Dec. 2023 was $0 Mil.
IGM Financial paid$0 Mil more to buy back preferred shares than it received from issuing preferred shares.
5. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.
IGM Financial's cash flow for dividends for the
three
months ended in Dec. 2023 was $-100 Mil.
IGM Financial spent$100 Mil paying cash dividends to shareholders.
6. Other Financing:
Money spent or earned by company from other financial activities.
IGM Financial's other financing for the
three
months ended in Dec. 2023 was $-0 Mil.
IGM Financial spent$0 Mil on other financial activities.
IGM Financial Cash Flow from Financing Related Terms
Thank you for viewing the detailed overview of IGM Financial's Cash Flow from Financing provided by GuruFocus.com. Please click on the following links to see related term pages.
IGM Financial (IGM Financial) Business Description
IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.
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