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GuruFocus has detected 4 Warning Signs with ONEOK Inc $OKE.
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ONEOK Inc (NYSE:OKE)
Cash Flow from Financing
$-661 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, ONEOK Inc received $4 Mil more from issuing new shares than it paid to buy back shares. It received $179 Mil from issuing more debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $130 Mil paying cash dividends to shareholders. It spent $150 Mil on other financial activities. In all, ONEOK Inc spent $98 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.

ONEOK Inc'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
=21.971+455.897+0+-517.601+-545.059
=-585

ONEOK Inc'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
=3.722+178.501+0+-129.842+-150.075
=-98

ONEOK Inc Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was -128.489 (Jun. 2016 ) + -147.801 (Sep. 2016 ) + -287.371 (Dec. 2016 ) + -97.694 (Mar. 2017 ) = $-661 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.

ONEOK Inc's net issuance of stock for the three months ended in Mar. 2017 was $4 Mil. ONEOK Inc received $4 Mil more from issuing new shares than it paid to buy back 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.

ONEOK Inc's net issuance of debt for the three months ended in Mar. 2017 was $179 Mil. ONEOK Inc received $179 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.

ONEOK Inc's net issuance of preferred for the three months ended in Mar. 2017 was $0 Mil. ONEOK Inc 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.

ONEOK Inc's cash flow for dividends for the three months ended in Mar. 2017 was $-130 Mil. ONEOK Inc spent $130 Mil paying cash dividends to shareholders.

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

ONEOK Inc's other financing for the three months ended in Mar. 2017 was $-150 Mil. ONEOK Inc spent $150 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.

ONEOK Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock -369163259344-2823266051,13239622
Net Issuance of Debt 7811,651-1,005-5888531,6089871,133775456
Net Issuance of Preferred 0000000000
Dividends -150-163-173-194-227-262-305-444-509-518
Other Financing -189-182-227-260-285-333-374-517-553-545
Cash from Financing 731,470-1,146-698591,3399131,304109-585

ONEOK Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock 17257228104747474
Net Issuance of Debt 1,05356743-93257246130115-35179
Net Issuance of Preferred 0000000000
Dividends -123-126-126-128-129-129-129-130-129-130
Other Financing -122-137-131-146-139-142-136-137-130-150
Cash from Financing 98036114-262-4-21-128-148-287-98
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