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Targa Resources Corp (NYSE:TRGP)
Cash Flow from Financing
$47 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, Targa Resources Corp received $664 Mil more from issuing new shares than it paid to buy back shares. It spent $140 Mil paying down its debt. It paid $0 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $203 Mil paying cash dividends to shareholders. It spent $8 Mil on other financial activities. In all, Targa Resources Corp earned $313 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.

Targa Resources Corp'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
=573.7+-1104.8+994.1+-716.2+-92.3
=-346

Targa Resources Corp'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
=664.3+-140+0+-202.5+-8.5
=313

Targa Resources Corp Cash Flow from Financing for the trailing twelve months (TTM) ended in Mar. 2017 was -42.6 (Jun. 2016 ) + -16.2 (Sep. 2016 ) + -207.7 (Dec. 2016 ) + 313.3 (Mar. 2017 ) = $47 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.

Targa Resources Corp's net issuance of stock for the three months ended in Mar. 2017 was $664 Mil. Targa Resources Corp received $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.

Targa Resources Corp's net issuance of debt for the three months ended in Mar. 2017 was $-140 Mil. Targa Resources Corp spent $140 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.

Targa Resources Corp's net issuance of preferred for the three months ended in Mar. 2017 was $0 Mil. Targa Resources 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.

Targa Resources Corp's cash flow for dividends for the three months ended in Mar. 2017 was $-203 Mil. Targa Resources Corp spent $203 Mil paying cash dividends to shareholders.

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

Targa Resources Corp's other financing for the three months ended in Mar. 2017 was $-8 Mil. Targa Resources Corp spent $8 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.

Targa Resources Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Net Issuance of Stock 000-00484511405772574
Net Issuance of Debt 0168-346-56308082661,324-1,105
Net Issuance of Preferred 000000000994
Dividends 000-448-38-274-362-113-179-716
Other Financing 0-168-413679675483-355-492-92
Cash from Financing 01-387-138871,09363441,424-346

Targa Resources Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Net Issuance of Stock 15336226618126-0181217176664
Net Issuance of Debt -1221,371-110153-91-845-74-55-131-140
Net Issuance of Preferred 000009940000
Dividends 229-32-47-49-51-193-153-180-191-203
Other Financing -310-111-147-140-95-3531-62-8
Cash from Financing -501,590-38-18-111-79-43-16-208313
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