Switch to:
GuruFocus has detected 2 Warning Signs with Starbucks Corp $FRA:SRB.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Starbucks Corp (FRA:SRB)
Cash Flow from Financing
€-2,190 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 three months ended in Dec. 2016, Starbucks Corp paid €338 Mil more to buy back shares than it received from issuing new shares. It spent €379 Mil paying down its debt. It paid €0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent €345 Mil paying cash dividends to shareholders. It spent €32 Mil on other financial activities. In all, Starbucks Corp spent €1,095 Mil on financial activities for the three 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.

Starbucks Corp's Cash from Financing for the fiscal year that ended in Sep. 2016 is calculated as:

Cash from Financing(A: Sep. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-1634.94609285+1117.79381627+0+-1049.63022365+7.48462977813
=-1,559

Starbucks Corp'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
=-338.325907669+-379.182860935+0+-345.056403451+-32.3253388947
=-1,095

Starbucks Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2016 was -838.99066092 (Mar. 2016 ) + 328.319686721 (Jun. 2016 ) + -584.424841843 (Sep. 2016 ) + -1094.89051095 (Dec. 2016 ) = €-2,190 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.

Starbucks Corp's net issuance of stock for the three months ended in Dec. 2016 was €-338 Mil. Starbucks Corp paid €338 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.

Starbucks Corp's net issuance of debt for the three months ended in Dec. 2016 was €-379 Mil. Starbucks Corp spent €379 Mil paying down its 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.

Starbucks Corp's net issuance of preferred for the three months ended in Dec. 2016 was €0 Mil. Starbucks Corp 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.

Starbucks Corp's cash flow for dividends for the three months ended in Dec. 2016 was €-345 Mil. Starbucks Corp spent €345 Mil paying cash dividends to shareholders.

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

Starbucks Corp's other financing for the three months ended in Dec. 2016 was €-32 Mil. Starbucks Corp spent €32 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.

Starbucks Corp Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
Net Issuance of Stock -589-13939-117-222-242-255-480-1,109-1,635
Net Issuance of Debt 4021-490022-245345812121,118
Net Issuance of Preferred 0000000000
Dividends 000-130-283-398-470-608-827-1,050
Other Financing 64910-17418611023-2877
Cash from Financing -124-129-441-264-442-578-81-484-2,011-1,559

Starbucks Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock -122-78-480-419-181-1,17432-326-3380
Net Issuance of Debt 000005835390-3790
Net Issuance of Preferred 0000000000
Dividends -194-222-214-186-273-265-261-261-3450
Other Financing -22516675-517-3117192-320
Cash from Financing -542-284-19-1,122-485-839328-584-1,0950
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)

GF Chat

FEEDBACK