Switch to:
GuruFocus has detected 6 Warning Signs with Frontline Ltd $OSTO:FROO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Frontline Ltd (OSTO:FROo)
Cash Flow from Financing
NOK1,135 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, Frontline Ltd paid NOK0 Mil more to buy back shares than it received from issuing new shares. It received NOK1,468 Mil from issuing more debt. It paid NOK0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent NOK220 Mil paying cash dividends to shareholders. It spent NOK154 Mil on other financial activities. In all, Frontline Ltd earned NOK1,094 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.

Frontline Ltd'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
=840.607876712+1065.9760274+0+-1408.82705479+-81.5325342466
=416

Frontline Ltd'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+1467.98469388+0+-220.093537415+-153.741496599
=1,094

Frontline Ltd Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was -375.830564784 (Jun. 2016 ) + 33.2868852459 (Sep. 2016 ) + 383.261986301 (Dec. 2016 ) + 1094.14965986 (Mar. 2017 ) = NOK1,135 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.

Frontline Ltd's net issuance of stock for the three months ended in Mar. 2017 was NOK0 Mil. Frontline Ltd paid NOK0 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.

Frontline Ltd's net issuance of debt for the three months ended in Mar. 2017 was NOK1,468 Mil. Frontline Ltd received NOK1,468 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.

Frontline Ltd's net issuance of preferred for the three months ended in Mar. 2017 was NOK0 Mil. Frontline Ltd paid NOK0 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.

Frontline Ltd's cash flow for dividends for the three months ended in Mar. 2017 was NOK-220 Mil. Frontline Ltd spent NOK220 Mil paying cash dividends to shareholders.

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

Frontline Ltd's other financing for the three months ended in Mar. 2017 was NOK-154 Mil. Frontline Ltd spent NOK154 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.

Frontline Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 01,46100003,238-3670841
Net Issuance of Debt -9331,796-1,5441,167-2,837-140-297-5459931,066
Net Issuance of Preferred 0000000000
Dividends -3,608-4,505-404-932-1010-9-269-341-1,409
Other Financing -00-0-0-53-357-98471,257-82
Cash from Financing -4,542-1,248-1,949235-2,991-4972,923-3341,909416

Frontline Ltd Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock -752000000000
Net Issuance of Debt -330916165-111-71987384467-8151,468
Net Issuance of Preferred 0000000000
Dividends 0-0-00-341-466-522-256-133-220
Other Financing 8271,1294-428-140-238-1781,332-154
Cash from Financing -2542,045169-115-384382-376333831,094
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

{{numOfNotice}}
FEEDBACK