Switch to:
GuruFocus has detected 1 Warning Sign with Rite Aid Corp $RAD.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Rite Aid Corp (NYSE:RAD)
Cash Flow from Financing
$359 Mil (TTM As of Feb. 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 Feb. 2017, Rite Aid Corp received $3 Mil more from issuing new shares than it paid to buy back shares. It received $325 Mil from issuing more 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 $271 Mil on other financial activities. In all, Rite Aid Corp earned $57 Mil on financial activities for the three months ended in Feb. 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.

Rite Aid Corp's Cash from Financing for the fiscal year that ended in Feb. 2017 is calculated as:

Cash from Financing(A: Feb. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=6.951+308.761+0+0+43.623
=359

Rite Aid Corp's Cash from Financing for the quarter that ended in Feb. 2017 is

Cash from Financing(Q: Feb. 2017 )
=Net Issuance of Stock+Net Issuance of Debt+Net Issuance of Preferred+Dividends+Other Financing
=2.539+325.187+0+0+-270.871
=57

Rite Aid Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Feb. 2017 was -20.205 (May. 2016 ) + 266.715 (Aug. 2016 ) + 55.97 (Nov. 2016 ) + 56.855 (Feb. 2017 ) = $359 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.

Rite Aid Corp's net issuance of stock for the three months ended in Feb. 2017 was $3 Mil. Rite Aid Corp received $3 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.

Rite Aid Corp's net issuance of debt for the three months ended in Feb. 2017 was $325 Mil. Rite Aid Corp received $325 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.

Rite Aid Corp's net issuance of preferred for the three months ended in Feb. 2017 was $0 Mil. Rite Aid Corp 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.

Rite Aid Corp's cash flow for dividends for the three months ended in Feb. 2017 was $0 Mil. Rite Aid Corp received $0 Mil from paying cash dividends to shareholders.

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

Rite Aid Corp's other financing for the three months ended in Feb. 2017 was $-271 Mil. Rite Aid Corp spent $271 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.

Rite Aid Corp Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
Net Issuance of Stock 13100123324117
Net Issuance of Debt 2,84151371-18282-334-295-1181,502309
Net Issuance of Preferred 000000-21000
Dividends -15-300000000
Other Financing 66-6626-70-57-174-379-10144
Cash from Financing 2,904-17397-25226-506-320-861,413359

Rite Aid Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Net Issuance of Stock 1935132203
Net Issuance of Debt -2781731,794-656-6369-6-6-5325
Net Issuance of Preferred 0000000000
Dividends 0000000000
Other Financing 379-344-207844-56-681-1727161-271
Cash from Financing 102-1621,591193-61-309-202675657
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

FEEDBACK