Switch to:
CVS Health Corp  (NYSE:CVS) Cash Flow from Financing: \$-8,198 Mil (TTM As of Jun. 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 Jun. 2017, CVS Health Corp paid \$340 Mil more to buy back shares than it received from issuing new shares. It spent {COMPANY->currency_symbol}{NetIssuanceofDebt_last_f} Mil paying down its debt. It paid \$0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent \$512 Mil paying cash dividends to shareholders. It received \$18 Mil on other financial activities. In all, CVS Health Corp spent \$1,502 Mil on financial activities for the three months ended in Jun. 2017.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CVS Health Corp Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Cash Flow from Financing -4,860.00 -1,237.00 -5,694.00 5,006.00 -6,689.00

CVS Health Corp Quarterly Data

 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Cash Flow from Financing -1,666.00 -2,442.00 -121.00 -4,133.00 -1,502.00

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.

CVS Health Corp's Cash from Financing for the fiscal year that ended in Dec. 2016 is calculated as:

 Cash Flow from Financing (A: {A1}) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred Stock + Cash Flow for Dividends + Other Financing = -4461 + -614 + 0 + -1840 + 226 = -6,689

CVS Health Corp's Cash from Financing for the quarter that ended in Jun. 2017 is

 Cash Flow from Financing (Q: Jun. 2017 ) = Net Issuance of Stock + Net Issuance of Debt + Net Issuance of Preferred Stock + Cash Flow for Dividends + Other Financing = -340 + -668 + {NetIssuanceofpreferred_last}} + -512 + 18 = -1,502

Cash Flow from Financing for the trailing twelve months (TTM) ended in Jun. 2017 was -2442 (Sep. 2016 ) + -121 (Dec. 2016 ) + -4133 (Mar. 2017 ) + -1502 (Jun. 2017 ) = \$-8,198 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.

CVS Health Corp's net issuance of stock for the three months ended in Jun. 2017 was \$-340 Mil. CVS Health Corp paid \$340 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.

CVS Health Corp's net issuance of debt for the three months ended in Jun. 2017 was \$-668 Mil. CVS Health Corp spent \$668 Mil paying down its debt.

3. 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.

CVS Health Corp's net issuance of preferred for the three months ended in Jun. 2017 was \$0 Mil. CVS Health Corp paid \$0 Mil more to buy back preferred shares than it received from issuing preferred shares.

4. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

CVS Health Corp's cash flow for dividends for the three months ended in Jun. 2017 was \$-512 Mil. CVS Health Corp spent \$512 Mil paying cash dividends to shareholders.

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

CVS Health Corp's other financing for the three months ended in Jun. 2017 was \$18 Mil. CVS Health Corp received \$18 Mil on other financial activities.

Related Terms

From the Internet

###### Stocks Going Ex Dividend Fourth Week October

- Seekingalpha 2017-10-19 02:12:22

###### Dow Closes Above 23,000 For First Time as Stocks Surge to New Records

- theStreet 2017-10-18 16:08:00

###### Amazon, Anthem and Congress Put Drug Benefits Firms in Hot Spot

- Bloomberg 2017-10-18 14:18:52

###### Pharmacy Bears High Drugs

- Seekingalpha 2017-10-18 12:38:41

###### Come On, Express Scripts! Could It Have Really Gone Any Other Way?

- Barron's 2017-10-18 11:57:00

###### Midday Update: Dow Continues Above 23,000 as Stocks Post Intraday Records

- theStreet 2017-10-18 11:56:00

###### Anthem dumps Express Scripts in favor of starting its own pharmacy-benefit manager

- MarketWatch 2017-10-18 11:15:00

###### Dow Posts Solid Gains as IBM Helps Lift the Index Past 23,000

- theStreet 2017-10-18 11:15:00

###### Morning Movers: Chipotle Drops, Transocean Slips, Electronic Arts Slumps

- Barron's 2017-10-18 10:21:07

###### Anthem Inks Deal With CVS for New Pharmacy Benefits Manager

- theStreet 2017-10-18 08:16:00

###### Anthem to launch own pharmacy-benefits manager, partner with CVS Health

- MarketWatch 2017-10-18 07:09:00

###### Real Dividend Growth Machine Q3 2017 Portfolio Review

- Seekingalpha 2017-10-17 10:46:03

###### Drug Supply Players Point a Finger Everywhere But Themselves

- Bloomberg 2017-10-17 10:15:44

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)