Asia Cork (STU:6A3) Cash Flow from Financing : €-0.14 Mil (TTM As of Dec. 2010)

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What is Asia Cork Cash Flow from Financing?

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 six months ended in Dec. 2010, Asia Cork paid €0.00 Mil more to buy back shares than it received from issuing new shares. It spent €0.14 Mil paying down its debt. It paid €0.00 Mil more to buy back preferred shares than it received from issuing preferred shares. It received €0.00 Mil from paying cash dividends to shareholders. It received €0.00 Mil on other financial activities. In all, Asia Cork spent €0.14 Mil on financial activities for the six months ended in Dec. 2010.

Asia Cork Cash Flow from Financing Historical Data

The historical data trend for Asia Cork's Cash Flow from Financing can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Asia Cork Cash Flow from Financing Chart

Asia Cork Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Cash Flow from Financing

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1.53

-0.27

0.42

-0.15

-0.14

Asia Cork Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10
Cash Flow from Financing	Get a 7-Day Free Trial			1.53	-0.27	0.42	-0.15	-0.14

Asia Cork Cash Flow from Financing Calculation

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.

Asia Cork's Cash from Financing for the fiscal year that ended in Dec. 2010 is calculated as:

	Cash Flow from Financing		(A: Dec. 2010 )
=	Issuance of Stock	+	Repurchase of Stock	+	Net Issuance of Debt	+	Net Issuance of Preferred Stock	+	Cash Flow for Dividends	+	Other Financing
=	0	+	0	+	-0.141	+	0	+	0	+	0
=	-0.14

Asia Cork's Cash from Financing for the quarter that ended in Dec. 2010 is:

	Cash Flow from Financing		(Q: Dec. 2010 )
=	Issuance of Stock	+	Repurchase of Stock	+	Net Issuance of Debt	+	Net Issuance of Preferred Stock	+	Cash Flow for Dividends	+	Other Financing
=	0	+	0	+	-0.141	+	0	+	0	+	0
=	-0.14

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Cash Flow from Financing for the trailing twelve months (TTM) ended in Dec. 2010 was €-0.14 Mil.

Asia Cork (STU:6A3) Cash Flow from Financing Explanation

Cash from financing contains six items:

1. Issuance of Stock:
A company may raise cash from issuing new shares. Issuance of stock represents the cash inflow from offering common stock, which is the additional capital contribution to the entity during the period.

Asia Cork's issuance of stock for the six months ended in Dec. 2010 was €0.00 Mil.

2. Repurchase of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. Repurchase of stock represents the cash outflow to reacquire common stock during the period.

Asia Cork's repurchase of stock for the six months ended in Dec. 2010 was €0.00 Mil.

3. 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.

Asia Cork's net issuance of debt for the six months ended in Dec. 2010 was €-0.14 Mil. Asia Cork spent €0.14 Mil paying down its debt.

4. Net Issuance of Preferred Stock:
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.

Asia Cork's net issuance of preferred for the six months ended in Dec. 2010 was €0.00 Mil. Asia Cork paid €0.00 Mil more to buy back preferred shares than it received from issuing preferred shares.

5. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Asia Cork's cash flow for dividends for the six months ended in Dec. 2010 was €0.00 Mil. Asia Cork received €0.00 Mil from paying cash dividends to shareholders.

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

Asia Cork's other financing for the six months ended in Dec. 2010 was €0.00 Mil. Asia Cork received €0.00 Mil on other financial activities.

Asia Cork Cash Flow from Financing Related Terms

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Asia Cork Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Asia Cork Inc (STU:6A3) » Definitions » Cash Flow from Financing

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Address

Website

Asia Cork Incorporated formerly known as Hankersen International Corp., was incorporated under the laws of the State of Delaware on August 1, 1996. On July 11, 2008, the Company's wholly owned subsidiary, Asia Cork Inc., was merged into its parent, the Company, in order to change the name of the Company, after approval by the Board of Directors of the Company according to the Delaware General Corporation Law. As permitted by Delaware General Corporation Law, the Company assumed the name of its wholly owned subsidiary following the merger and now operates under the name Asia Cork Inc. The Company through its subsidiaries is engaged in the development, manufacture and distribution of cork products including cork wood floor, wall and decorating materials. It produces approximately seven series of cork flooring planks with over approximately 50 different patterns, colors and granules. It produces approximately 16 types of cork wallboard and approximately three types of cork art crafts with different patterns. It products include Cork Granule, Cork Sheet and Roll, Glue-down Floor, Floating Floor, Cork Wallboard and Basic Board. All these products utilize staining technology to create different colors. Its cork art crafts include ornaments and decorations. Wallboard could also be used as decorative material. It also sells semi-finished cork products to other manufacturers which use cork granule and sheet roll as raw materials. Cork granule comes in varies sizes and is the early stage of cork material processing. It sells its products directly to customers in China through its own sales team, and it distributes its products to customers overseas through unrelated distributors and sales agents. The countries in which its products were distributed through these sales agents include India, the United States of America, Germany and Japan. The Company competes with Portugal cork manufacturers as its major product is cork stopper used for wine bottles, which usually accounts for one third of its total sales and even higher percentage of profit. Domestically, the Company competes with local mid-sized cork manufacturers. These companies' products are semi-finished cork boards, sheets and roles.

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