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Telefonica SA (NYSE:TEF)
Cash Flow from Financing
$3,481 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, Telefonica SA received $1 Mil more from issuing new shares than it paid to buy back shares. It received $5,246 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $78 Mil paying cash dividends to shareholders. It spent $642 Mil on other financial activities. In all, Telefonica SA earned $4,527 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.

Telefonica SA'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
=-696.202531646+681.434599156+0+-3065.40084388+-1371.30801688
=-4,451

Telefonica SA'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
=1.06951871658+5245.98930481+0+-78.0748663102+-641.711229947
=4,527

Telefonica SA Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was -1046.06741573 (Jun. 2016 ) + 0 (Sep. 2016 ) + 0 (Dec. 2016 ) + 4527.27272727 (Mar. 2017 ) = $3,481 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.

Telefonica SA's net issuance of stock for the three months ended in Mar. 2017 was $1 Mil. Telefonica SA received $1 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.

Telefonica SA's net issuance of debt for the three months ended in Mar. 2017 was $5,246 Mil. Telefonica SA received $5,246 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.

Telefonica SA's net issuance of preferred for the three months ended in Mar. 2017 was $0 Mil. Telefonica SA 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.

Telefonica SA's cash flow for dividends for the three months ended in Mar. 2017 was $-78 Mil. Telefonica SA spent $78 Mil paying cash dividends to shareholders.

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

Telefonica SA's other financing for the three months ended in Mar. 2017 was $-642 Mil. Telefonica SA spent $642 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.

Telefonica SA Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 00000089-5272,705-696
Net Issuance of Debt -5,718-1,4655,1082,4924,0181,803-4,182-6,137-3,570681
Net Issuance of Preferred 0000000000
Dividends -4,869-6,000-7,052-8,266-9,957-4,295-2,989-2,871-3,023-3,065
Other Financing -3,132-3,028-1,380-1,168-5258613,4044,551-47-1,371
Cash from Financing -13,719-10,493-3,325-6,942-6,463-1,631-3,678-4,983-3,935-4,451

Telefonica SA Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock 00000-669-56001
Net Issuance of Debt 000001,8162,210005,246
Net Issuance of Preferred 0000000000
Dividends 00000-46-2,43800-78
Other Financing 00000-999-76200-642
Cash from Financing 00000102-1,046004,527
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