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GuruFocus has detected 5 Warning Signs with Diageo PLC $DEO.
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Diageo PLC (NYSE:DEO)
Cash Flow from Financing
$-3,979 Mil (TTM As of Dec. 2016)

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 six months ended in Dec. 2016, Diageo PLC paid $60 Mil more to buy back shares than it received from issuing new shares. It received $110 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $1,149 Mil paying cash dividends to shareholders. It spent $55 Mil on other financial activities. In all, Diageo PLC spent $1,154 Mil on financial activities for the six months ended in Dec. 2016.


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.

Diageo PLC's Cash from Financing for the fiscal year that ended in Jun. 2016 is calculated as:

Cash from Financing(A: Jun. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+-1755.68181818+0+-2049.71590909+-173.295454545
=-3,979

Diageo PLC's Cash from Financing for the quarter that ended in Dec. 2016 is

Cash from Financing(Q: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-59.925093633+109.86267166+0+-1148.56429463+-54.9313358302
=-1,154

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Diageo PLC Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was $-3,979 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.

Diageo PLC's net issuance of stock for the six months ended in Dec. 2016 was $-60 Mil. Diageo PLC paid $60 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.

Diageo PLC's net issuance of debt for the six months ended in Dec. 2016 was $110 Mil. Diageo PLC received $110 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.

Diageo PLC's net issuance of preferred for the six months ended in Dec. 2016 was $0 Mil. Diageo PLC 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.

Diageo PLC's cash flow for dividends for the six months ended in Dec. 2016 was $-1,149 Mil. Diageo PLC spent $1,149 Mil paying cash dividends to shareholders.

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

Diageo PLC's other financing for the six months ended in Dec. 2016 was $-55 Mil. Diageo PLC spent $55 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.

Diageo PLC Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
Net Issuance of Stock -2,840-2,132-642126-13-240-17-190-110
Net Issuance of Debt 2,4362,149419-623-6717651,919-266-491-1,756
Net Issuance of Preferred 0000000000
Dividends -1,706-1,684-1,424-1,350-1,577-1,611-1,744-2,078-2,089-2,050
Other Financing 1000-182-140-465-212-111-173
Cash from Financing -2,109-1,666-1,646-1,848-2,442-1,226-307-2,745-2,701-3,979

Diageo PLC Semi-Annual Data

Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15Jun16Dec16
Net Issuance of Stock 86-9070-157-27-110-6158-60
Net Issuance of Debt -1,219231,898228-5011,479-1,963-591-1,195110
Net Issuance of Preferred 0000000000
Dividends -645-1,087-701-1,205-834-1,254-841-1,311-805-1,149
Other Financing -45-95-374-100-108-53-58-84-94-55
Cash from Financing -1,824-1,250893-1,234-1,470161-2,861-2,048-2,036-1,154
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