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Bank of America Corporation (NYSE:BAC)
Cash Flow from Financing
$49,939 Mil (TTM As of Mar. 2017)

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. 2017, Bank of America Corporation paid $2,728 Mil more to buy back shares than it received from issuing new shares. It received $23,892 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $1,255 Mil paying cash dividends to shareholders. It received $26,430 Mil on other financial activities. In all, Bank of America Corporation earned $46,339 Mil on financial activities for the three months ended in Mar. 2017.


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.

Bank of America Corporation's Cash from Financing for the fiscal year that ended in Dec. 2016 is calculated as:

Cash from Financing(A: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-5112+-20326+2947+-4194+59667
=32,982

Bank of America Corporation's Cash from Financing for the quarter that ended in Mar. 2017 is

Cash from Financing(Q: Mar. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-2728+23892+0+-1255+26430
=46,339

Bank of America Corporation Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was -15417 (Jun. 2016 ) + 3860 (Sep. 2016 ) + 15157 (Dec. 2016 ) + 46339 (Mar. 2017 ) = $49,939 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.

Bank of America Corporation's net issuance of stock for the three months ended in Mar. 2017 was $-2,728 Mil. Bank of America Corporation paid $2,728 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.

Bank of America Corporation's net issuance of debt for the three months ended in Mar. 2017 was $23,892 Mil. Bank of America Corporation received $23,892 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.

Bank of America Corporation's net issuance of preferred for the three months ended in Mar. 2017 was $0 Mil. Bank of America 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.

Bank of America Corporation's cash flow for dividends for the three months ended in Mar. 2017 was $-1,255 Mil. Bank of America Corporation spent $1,255 Mil paying cash dividends to shareholders.

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

Bank of America Corporation's other financing for the three months ended in Mar. 2017 was $26,430 Mil. Bank of America Corporation received $26,430 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 local exchange's currency.

Bank of America Corporation Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -2,67210,12713,468000-3,220-1,675-2,374-5,112
Net Issuance of Debt 69,820-58,852-159,889-90,402-100,077-107,206-3,935-17,003231-20,326
Net Issuance of Preferred 1,55834,7424,24405,000667-5,4535,9572,9642,947
Dividends -10,878-11,528-4,863-1,762-1,738-1,909-1,677-2,306-3,574-4,194
Other Financing 45,58414,816-52,52826,777-7,881150,864-81,1572,82651,33859,667
Cash from Financing 103,412-10,695-199,568-65,387-104,69642,416-95,442-12,20148,58532,982

Bank of America Corporation Quarterly Data

Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17Jun17
Net Issuance of Stock 0-775-800-799-1,000-1,383-1,399-1,330-2,7280
Net Issuance of Debt -32613,876-10,831-2,488-5,361-1,953-10,532-2,48023,8920
Net Issuance of Preferred 2,9640002,0698780000
Dividends -846-917-961-850-974-879-1,178-1,163-1,2550
Other Financing 36,7205,646-1,34610,31834,648-12,08016,96920,13026,4300
Cash from Financing 38,51217,830-13,9386,18129,382-15,4173,86015,15746,3390
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