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,
The Cigna Group paid$470 Mil more to buy back shares than it received from issuing new shares.
It spent$286 Mil paying down its debt.
It paid$0 Mil more to buy back preferred shares than it received from issuing preferred shares.
It spent$358 Mil paying cash dividends to shareholders.
It spent$136 Mil on other financial activities.
In all, The Cigna Group
spent$1,250 Mil on financial activities for the
three
months ended in Dec. 2023.
The Cigna Group Cash Flow from Financing Historical Data
The historical data trend for The Cigna Group'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.
The Cigna Group 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.
The Cigna Group'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 $-4,294 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.
The Cigna Group (NYSE:CI) 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.
The Cigna Group's issuance of stock for the
three
months ended in Dec. 2023 was $74 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.
The Cigna Group's repurchase of stock for the
three
months ended in Dec. 2023 was $-544 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.
The Cigna Group's net issuance of debt for the
three
months ended in Dec. 2023 was $-286 Mil.
The Cigna Group spent$286 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.
The Cigna Group's net issuance of preferred for the
three
months ended in Dec. 2023 was $0 Mil.
The Cigna Group 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.
The Cigna Group's cash flow for dividends for the
three
months ended in Dec. 2023 was $-358 Mil.
The Cigna Group spent$358 Mil paying cash dividends to shareholders.
6. Other Financing:
Money spent or earned by company from other financial activities.
The Cigna Group's other financing for the
three
months ended in Dec. 2023 was $-136 Mil.
The Cigna Group spent$136 Mil on other financial activities.
The Cigna Group Cash Flow from Financing Related Terms
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The Cigna Group (The Cigna Group) Business Description
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.
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