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GuruFocus has detected 3 Warning Signs with Noble Corp PLC $NE.
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Noble Corp PLC (NYSE:NE)
Cash Flow from Financing
$-192 Mil (TTM As of Mar. 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 Mar. 2017, Noble Corp PLC paid $0 Mil more to buy back shares than it received from issuing new shares. It spent $300 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It received $0 Mil from paying cash dividends to shareholders. It spent $10 Mil on other financial activities. In all, Noble Corp PLC spent $310 Mil on financial activities for the three months ended in Mar. 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.

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

Cash from Financing(A: Dec. 2016 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+-69.238+0+-47.534+-128.102
=-245

Noble Corp PLC's Cash from Financing for the quarter that ended in Mar. 2017 is

Cash from Financing(Q: Mar. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=0+-300+0+0+-9.715
=-310

Noble Corp PLC Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was -50.913 (Jun. 2016 ) + -25.88 (Sep. 2016 ) + 194.111 (Dec. 2016 ) + -309.715 (Mar. 2017 ) = $-192 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.

Noble Corp PLC's net issuance of stock for the three months ended in Mar. 2017 was $0 Mil. Noble Corp PLC paid $0 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.

Noble Corp PLC's net issuance of debt for the three months ended in Mar. 2017 was $-300 Mil. Noble Corp PLC spent $300 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.

Noble Corp PLC's net issuance of preferred for the three months ended in Mar. 2017 was $0 Mil. Noble Corp 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.

Noble Corp PLC's cash flow for dividends for the three months ended in Mar. 2017 was $0 Mil. Noble Corp PLC received $0 Mil from paying cash dividends to shareholders.

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

Noble Corp PLC's other financing for the three months ended in Mar. 2017 was $-10 Mil. Noble Corp PLC spent $10 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.

Noble Corp PLC Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -157-305-199-218-04-8-154-1010
Net Issuance of Debt 90139-1731,2781,3295519211,023-381-69
Net Issuance of Preferred 0000000000
Dividends -32-244-48-227-151-138-195-387-316-48
Other Financing 73-02950435-104-197-89-128
Cash from Financing -91-407-4198621,683452615285-886-245

Noble Corp PLC Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock 0-10100000000
Net Issuance of Debt 116-7-24-3500-300-220253-300
Net Issuance of Preferred 0000000000
Dividends -96-93-93-93-37-38-5-500
Other Financing -100-36-27-13-14-25-24-21-59-10
Cash from Financing -80-237-143-455-51-362-51-26194-310
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