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GuruFocus has detected 5 Warning Signs with Medtronic PLC $MDT.
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Medtronic PLC (NYSE:MDT)
Cash Flow from Financing
$-3,283 Mil (TTM As of Apr. 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 Apr. 2017, Medtronic PLC paid $16 Mil more to buy back shares than it received from issuing new shares. It received $1,303 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $594 Mil paying cash dividends to shareholders. It spent $6 Mil on other financial activities. In all, Medtronic PLC earned $687 Mil on financial activities for the three months ended in Apr. 2017.


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.

Medtronic PLC's Cash from Financing for the fiscal year that ended in Apr. 2017 is calculated as:

Cash from Financing(A: Apr. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-3116+2193+0+-2376+16
=-3,283

Medtronic PLC's Cash from Financing for the quarter that ended in Apr. 2017 is

Cash from Financing(Q: Apr. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-16+1303+0+-594+-6
=687

Medtronic PLC Cash Flow from Financing for the trailing twelve months (TTM) ended in Apr. 2017 was -1160 (Jul. 2016 ) + -1491 (Oct. 2016 ) + -1319 (Jan. 2017 ) + 687 (Apr. 2017 ) = $-3,283 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.

Medtronic PLC's net issuance of stock for the three months ended in Apr. 2017 was $-16 Mil. Medtronic PLC paid $16 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.

Medtronic PLC's net issuance of debt for the three months ended in Apr. 2017 was $1,303 Mil. Medtronic PLC received $1,303 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.

Medtronic PLC's net issuance of preferred for the three months ended in Apr. 2017 was $0 Mil. Medtronic 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.

Medtronic PLC's cash flow for dividends for the three months ended in Apr. 2017 was $-594 Mil. Medtronic PLC spent $594 Mil paying cash dividends to shareholders.

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

Medtronic PLC's other financing for the three months ended in Apr. 2017 was $-6 Mil. Medtronic PLC spent $6 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.

Medtronic PLC Annual Data

Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16Apr17
Net Issuance of Stock -1,141-343-865-1,055-1,344-980-1,246-1,271-2,339-3,116
Net Issuance of Debt 8313172,53618601-261,43118,673-5,1252,193
Net Issuance of Preferred 0000000000
Dividends -565-843-907-969-1,021-1,055-1,116-1,337-2,139-2,376
Other Financing 402400-118-4013-1166016
Cash from Financing -835-845764-2,006-1,882-2,101-91815,949-9,543-3,283

Medtronic PLC Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
Net Issuance of Stock 165-128-652-545-613-529-1,549-985-566-16
Net Issuance of Debt 15,1581,761-575292-15-4,82794295-1471,303
Net Issuance of Preferred 0000000000
Dividends -300-435-538-537-533-531-599-593-590-594
Other Financing -98-4721992146-8-16-6
Cash from Financing 14,9251,151-1,744-781-1,152-5,866-1,160-1,491-1,319687
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