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GuruFocus has detected 8 Warning Signs with National Grid PLC $NGG.
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National Grid PLC (NYSE:NGG)
Cash Flow from Financing
$85 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 six months ended in Mar. 2017, National Grid PLC paid $217 Mil more to buy back shares than it received from issuing new shares. It spent $1,732 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $667 Mil paying cash dividends to shareholders. It received $2,706 Mil on other financial activities. In all, National Grid PLC earned $90 Mil on financial activities for the six 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.

National Grid PLC's Cash from Financing for the fiscal year that ended in Mar. 2017 is calculated as:

Cash from Financing(A: Mar. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=-218.518518519+1156.79012346+0+-1806.17283951+953.086419753
=85

National Grid 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
=-217.283950617+-1732.09876543+0+-666.666666667+2706.17283951
=90

For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was $85 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.

National Grid PLC's net issuance of stock for the six months ended in Mar. 2017 was $-217 Mil. National Grid PLC paid $217 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.

National Grid PLC's net issuance of debt for the six months ended in Mar. 2017 was $-1,732 Mil. National Grid PLC spent $1,732 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.

National Grid PLC's net issuance of preferred for the six months ended in Mar. 2017 was $0 Mil. National Grid 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.

National Grid PLC's cash flow for dividends for the six months ended in Mar. 2017 was $-667 Mil. National Grid PLC spent $667 Mil paying cash dividends to shareholders.

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

National Grid PLC's other financing for the six months ended in Mar. 2017 was $2,706 Mil. National Grid PLC received $2,706 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.

National Grid PLC Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Net Issuance of Stock -2,950-8771724142015-481-366-219
Net Issuance of Debt 3,1782,324-752-2,848-2446,492-1,696-1,0191,5671,157
Net Issuance of Preferred 0000000000
Dividends -1,612-1,187-1,036-1,386-1,592-1,222-1,759-1,900-1,905-1,806
Other Financing -1,800-1,503-1,5603,515-1,185-1,195-1,497-1,462-1,188953
Cash from Financing -3,184-1,242-3,331-695-3,0064,095-4,937-4,862-1,89285

National Grid PLC Semi-Annual Data

Sep12Mar13Sep13Mar14Sep14Mar15Sep15Mar16Sep16Mar17
Net Issuance of Stock 23-2132-29-454-362-30-1-217
Net Issuance of Debt 1,8004,808-1,533-91-453-6043871,2083,075-1,732
Net Issuance of Preferred 0000000000
Dividends -758-513-825-895-1,205-794-1,235-758-1,213-667
Other Financing -635-600-703-761-673-845-600-631-1,8662,706
Cash from Financing 4293,694-3,049-1,746-2,360-2,697-1,810-211-590
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