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GuruFocus has detected 5 Warning Signs with Sunoco LP $SUN.
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Sunoco LP (NYSE:SUN)
Cash Flow from Financing
$276 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, Sunoco LP received $333 Mil more from issuing new shares than it paid to buy back shares. It spent $240 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $104 Mil paying cash dividends to shareholders. It spent $64 Mil on other financial activities. In all, Sunoco LP spent $75 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.

Sunoco 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
=132+2577+0+-436+228
=2,501

Sunoco 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
=333+-240+0+-104+-64
=-75

Sunoco LP Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was 181.584 (Jun. 2016 ) + 142.407 (Sep. 2016 ) + 27.009 (Dec. 2016 ) + -75 (Mar. 2017 ) = $276 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.

Sunoco LP's net issuance of stock for the three months ended in Mar. 2017 was $333 Mil. Sunoco LP received $333 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.

Sunoco LP's net issuance of debt for the three months ended in Mar. 2017 was $-240 Mil. Sunoco LP spent $240 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.

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

Sunoco LP's cash flow for dividends for the three months ended in Mar. 2017 was $-104 Mil. Sunoco LP spent $104 Mil paying cash dividends to shareholders.

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

Sunoco LP's other financing for the three months ended in Mar. 2017 was $-64 Mil. Sunoco LP spent $64 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.

Sunoco LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 0000020600899132
Net Issuance of Debt 0001-0148-1701,1802,577
Net Issuance of Preferred 0000000000
Dividends 00000-207-400-324-436
Other Financing 000003310198228
Cash from Financing 0001-0181-5601,9532,501

Sunoco LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock 0000061-0071333
Net Issuance of Debt 0-1858749-4262,259528133-240
Net Issuance of Preferred 0000000000
Dividends 0-201-11-57-55-137-97-102-100-104
Other Financing 0270-5142690-33274-3623-64
Cash from Financing 0688428332092,15018214227-75
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