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 Feb. 2016,
Electro Rent paid$0.0 Mil more to buy back shares than it received from issuing new shares.
It received$0.0 Mil from issuing more debt.
It paid$0.0 Mil more to buy back preferred shares than it received from issuing preferred shares.
It spent$3.1 Mil paying cash dividends to shareholders.
It spent$0.1 Mil on other financial activities.
In all, Electro Rent
spent$3.2 Mil on financial activities for the
three
months ended in Feb. 2016.
Electro Rent Cash Flow from Financing Historical Data
The historical data trend for Electro Rent'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.
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.
Electro Rent's Cash from Financing for the fiscal year that ended in May. 2015 is calculated as:
Cash Flow from Financing for the trailing twelve months (TTM) ended in Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-14.4 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.
Electro Rent (NAS:ELRC) 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.
Electro Rent's issuance of stock for the
three
months ended in Feb. 2016 was $0.0 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.
Electro Rent's repurchase of stock for the
three
months ended in Feb. 2016 was $0.0 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.
Electro Rent's net issuance of debt for the
three
months ended in Feb. 2016 was $0.0 Mil.
Electro Rent received$0.0 Mil from issuing more 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.
Electro Rent's net issuance of preferred for the
three
months ended in Feb. 2016 was $0.0 Mil.
Electro Rent paid$0.0 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.
Electro Rent's cash flow for dividends for the
three
months ended in Feb. 2016 was $-3.1 Mil.
Electro Rent spent$3.1 Mil paying cash dividends to shareholders.
6. Other Financing:
Money spent or earned by company from other financial activities.
Electro Rent's other financing for the
three
months ended in Feb. 2016 was $-0.1 Mil.
Electro Rent spent$0.1 Mil on other financial activities.
Electro Rent Cash Flow from Financing Related Terms
Thank you for viewing the detailed overview of Electro Rent's Cash Flow from Financing provided by GuruFocus.com. Please click on the following links to see related term pages.
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
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