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GuruFocus has detected 1 Warning Sign with Acuity Brands Inc $AYI.
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Acuity Brands Inc (NYSE:AYI)
Cash Flow from Financing
$-361 Mil (TTM As of May. 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 May. 2017, Acuity Brands Inc paid $358 Mil more to buy back shares than it received from issuing new shares. It received $0 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $6 Mil paying cash dividends to shareholders. It spent $0 Mil on other financial activities. In all, Acuity Brands Inc spent $363 Mil on financial activities for the three months ended in May. 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.

Acuity Brands Inc's Cash from Financing for the fiscal year that ended in Aug. 2016 is calculated as:

Acuity Brands Inc's Cash from Financing for the quarter that ended in May. 2017 is

Cash from Financing(Q: May. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-357.5+0.2+0+-5.7+-0.3
=-363

Acuity Brands Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in May. 2017 was 5.1 (Aug. 2016 ) + 2.6 (Nov. 2016 ) + -5.1 (Feb. 2017 ) + -363.3 (May. 2017 ) = $-361 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.

Acuity Brands Inc's net issuance of stock for the three months ended in May. 2017 was $-358 Mil. Acuity Brands Inc paid $358 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.

Acuity Brands Inc's net issuance of debt for the three months ended in May. 2017 was $0 Mil. Acuity Brands Inc received $0 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.

Acuity Brands Inc's net issuance of preferred for the three months ended in May. 2017 was $0 Mil. Acuity Brands Inc 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.

Acuity Brands Inc's cash flow for dividends for the three months ended in May. 2017 was $-6 Mil. Acuity Brands Inc spent $6 Mil paying cash dividends to shareholders.

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

Acuity Brands Inc's other financing for the three months ended in May. 2017 was $-0 Mil. Acuity Brands Inc spent $0 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.

Acuity Brands Inc Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
Net Issuance of Stock -44-1550-36-61-90000
Net Issuance of Debt 0-0-162109000003
Net Issuance of Preferred 0000000000
Dividends -26-22-22-23-23-22-22-23-23-23
Other Financing 416739121324161940
Cash from Financing -29-110-18159-72-191-6-419

Acuity Brands Inc Quarterly Data

Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17May17
Net Issuance of Stock 0000000-00-358
Net Issuance of Debt 0000111100
Net Issuance of Preferred 0000000000
Dividends -6-6-6-6-6-6-6-6-6-6
Other Financing 6-7920191081-0
Cash from Financing -0-12314-4453-5-363
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