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GuruFocus has detected 4 Warning Signs with Plains All American Pipeline LP $PAA.
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Plains All American Pipeline LP (NYSE:PAA)
Cash Flow from Financing
$1,572 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, Plains All American Pipeline LP received $1,664 Mil more from issuing new shares than it paid to buy back shares. It spent $752 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $371 Mil paying cash dividends to shareholders. It received $125 Mil on other financial activities. In all, Plains All American Pipeline LP earned $666 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.

Plains All American Pipeline LP'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
=796+-186+1569+-1627+11
=563

Plains All American Pipeline LP'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
=1664+-752+0+-371+125
=666

Plains All American Pipeline LP Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was 481 (Jun. 2016 ) + 74 (Sep. 2016 ) + 351 (Dec. 2016 ) + 666 (Mar. 2017 ) = $1,572 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.

Plains All American Pipeline LP's net issuance of stock for the three months ended in Mar. 2017 was $1,664 Mil. Plains All American Pipeline LP received $1,664 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.

Plains All American Pipeline LP's net issuance of debt for the three months ended in Mar. 2017 was $-752 Mil. Plains All American Pipeline LP spent $752 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.

Plains All American Pipeline LP's net issuance of preferred for the three months ended in Mar. 2017 was $0 Mil. Plains All American Pipeline LP 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.

Plains All American Pipeline LP's cash flow for dividends for the three months ended in Mar. 2017 was $-371 Mil. Plains All American Pipeline LP spent $371 Mil paying cash dividends to shareholders.

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

Plains All American Pipeline LP's other financing for the three months ended in Mar. 2017 was $125 Mil. Plains All American Pipeline LP received $125 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.

Plains All American Pipeline LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 3833154582961,2599594658481,099796
Net Issuance of Debt -54687471734-7592,2074252,2291,380-186
Net Issuance of Preferred 0000000001,569
Dividends -451-532-2-682-791-969-1,160-1,407-1,671-1,627
Other Financing -2-6-615256-54-46-11-13611
Cash from Financing -124464312604-3452,151-2811,657814563

Plains All American Pipeline LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock 1931,09900000001,664
Net Issuance of Debt 1,465-734736598780-1,511919224182-752
Net Issuance of Preferred 000001,570-1000
Dividends -375-390-420-428-433-433-433-433-328-371
Other Financing -619-1-10-231-4283497125
Cash from Financing 1,277-6315160345-34348174351666
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