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GuruFocus has detected 6 Warning Signs with NGL Energy Partners LP $NGL.
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NGL Energy Partners LP (NYSE:NGL)
Cash Flow from Financing
$374 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, NGL Energy Partners LP received $243 Mil more from issuing new shares than it paid to buy back shares. It spent $248 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $49 Mil paying cash dividends to shareholders. It spent $21 Mil on other financial activities. In all, NGL Energy Partners LP spent $75 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.

NGL Energy Partners LP's Cash from Financing for the fiscal year that ended in Mar. 2017 is calculated as:

Cash from Financing(A: Mar. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=522.111+95.521+0+-181.581+-62.013
=374

NGL Energy Partners LP'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
=243.226+-248.301+0+-49.446+-20.927
=-75

NGL Energy Partners LP Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was 129.637 (Jun. 2016 ) + 157.555 (Sep. 2016 ) + 162.294 (Dec. 2016 ) + -75.448 (Mar. 2017 ) = $374 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.

NGL Energy Partners LP's net issuance of stock for the three months ended in Mar. 2017 was $243 Mil. NGL Energy Partners LP received $243 Mil more from issuing new shares than it paid to buy back 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.

NGL Energy Partners LP's net issuance of debt for the three months ended in Mar. 2017 was $-248 Mil. NGL Energy Partners LP spent $248 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.

NGL Energy Partners LP's net issuance of preferred for the three months ended in Mar. 2017 was $0 Mil. NGL Energy Partners LP 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.

NGL Energy Partners LP's cash flow for dividends for the three months ended in Mar. 2017 was $-49 Mil. NGL Energy Partners LP spent $49 Mil paying cash dividends to shareholders.

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

NGL Energy Partners LP's other financing for the three months ended in Mar. 2017 was $-21 Mil. NGL Energy Partners LP spent $21 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.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Net Issuance of Stock 000071-1650541-18522
Net Issuance of Debt 0-7-1014850988787847496
Net Issuance of Preferred 0000000000
Dividends 0-0-00-19-72-145-243-322-182
Other Financing 0-000-2-19-23-42-54-62
Cash from Financing 0-7-101984181,3691,13581374

NGL Energy Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock -01710-4-4-10235934243
Net Issuance of Debt 315-9221124232-103-38193189-248
Net Issuance of Preferred 0000000000
Dividends -65-67-73-82-84-84-41-43-48-49
Other Financing -11-14-5-26-14-8-27-2-13-21
Cash from Financing 2398214313130-205130158162-75
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