ALLTEL Corporation changed its business segment reporting effective January 1, 2006 to exclude amortization expense related to intangible assets from acquisitions from its wireless segment income and include it in corporate expenses. This change reflected management's decision to evaluate the wireless segment's performance without this amortization expense. All prior periods were reclassified to conform to this new presentation.
In August 2005, ALLTEL completed its merger with Western Wireless and agreed to divest certain Western Wireless markets. The acquired international operations of Western Wireless and markets to be divested were classified as discontinued operations.
The supplemental financial data contains non-GAAP measures and GAAP measures. A reconciliation of non-GAAP to GAAP measures is
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
1. Effective January 1, 2006, ALLTEL Corporation (quot;Alltelquot; or the quot;Companyquot;) retrospectively changed its business segment reporting to exclude from wireless
segment income the effects of amortization expense related to intangible assets recorded in connection with the acquisition of wireless properties. This
amortization expense is now included in corporate expenses. The change in segment reporting reflected a first quarter 2006 decision by Alltel’s management to
evaluate the financial performance of the Company’s wireless segment based on operating results that exclude the effects of amortization expense related to
acquired intangible assets. Alltel’s management, including the chief operating decision-maker, uses the revised measurement of wireless segment income
consistently for all purposes, including internal reporting, evaluation of business objectives and opportunities, resource allocation and the determination of
management compensation. In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 131 “Disclosures about Segments of an Enterprise
and Related Information”, all prior period segment information included in the accompanying supplemental financial data has been reclassified to conform to
this new financial reporting presentation.
On August 1, 2005, Alltel completed its merger with Western Wireless Corporation (quot;Western Wirelessquot;). As a condition of receiving approval for the merger
from the Department of Justice and the Federal Communications Commission, Alltel agreed to divest certain wireless operations of Western Wireless in 16
markets in Arkansas, Kansas and Nebraska. As a result, the acquired international operations of Western Wireless and the 16 markets to be divested in
Arkansas, Kansas and Nebraska have been classified as discontinued operations in the accompanying supplemental financial data.
The supplemental financial data contain disclosure of non-GAAP financial measures. A reconciliation of each of the non-GAAP financial measures to its most
directly comparable financial measure calculated and presented in accordance with GAAP is posted on the Investor Relations page of the Company's web site
under quot;Quarterly Reports and Finanical Statisticsquot;.
Alltel claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-
looking statements are subject to uncertainties that could cause actual future events and results to differ materially from those expressed in the forward-looking
statements. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events and results.
Actual future events and results may differ materially from those expressed in these forward-looking statements as a result of a number of important factors.
Representative examples of these factors include (without limitation) adverse changes in economic conditions in the markets served by Alltel; the extent,
timing, and overall effects of competition in the communications business; material changes in the communications industry generally that could adversely
affect vendor relationships with equipment and network suppliers and customer relationships with wholesale customers; changes in communications
technology; the risks associated with the pending acquisition of Midwest Wireless; the risks associated with the integration of acquired businesses; adverse
changes in the terms and conditions of the wireless roaming agreements of Alltel; the potential for adverse changes in the ratings given to Alltel's debt securities
by nationally accredited ratings organizations; the uncertainties related to Alltel’s strategic investments; the effects of litigation; and the effects of federal and
state legislation, rules, and regulations governing the communications industry. In addition to these factors, actual future performance, outcomes, and results
may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic
conditions, and governmental and public policy changes.
2. ALLTEL Corporation
Consolidated Quarterly Statements of Income From Current Businesses (Non-GAAP)
for quarterly periods in the years 2006, 2005 and 2004
2006 2005 2004
Total 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr.
(In thousands, except per share amounts)
Revenues and Sales:
Service revenues $ 4,582,278 $ 2,334,559 $ 2,247,719 $ 8,380,501 $ 2,263,605 $ 2,229,370 $ 1,989,264 $ 1,898,262 $ 7,374,279 $ 1,897,402 $ 1,885,405 $ 1,825,894 $ 1,765,578
Product sales 631,129 339,112 292,017 1,106,458 318,146 289,749 270,842 227,721 871,862 242,391 217,707 216,170 195,594
Total revenues and sales 5,213,407 2,673,671 2,539,736 9,486,959 2,581,751 2,519,119 2,260,106 2,125,983 8,246,141 2,139,793 2,103,112 2,042,064 1,961,172
Costs and Expenses:
Cost of services 1,496,295 764,570 731,725 2,706,188 727,351 711,423 660,945 606,469 2,374,220 604,818 624,442 584,189 560,771
Cost of products sold 740,462 384,669 355,793 1,315,320 381,764 343,718 308,065 281,773 1,075,545 299,603 262,604 256,055 257,283
Selling, general, administrative and other 1,009,890 510,931 498,959 1,793,618 496,549 469,068 420,536 407,465 1,524,165 402,489 373,624 372,859 375,193
Depreciation and amortization 723,971 364,922 359,049 1,378,165 360,483 356,616 333,626 327,440 1,247,167 319,089 311,647 308,120 308,311
Total costs and expenses 3,970,618 2,025,092 1,945,526 7,193,291 1,966,147 1,880,825 1,723,172 1,623,147 6,221,097 1,625,999 1,572,317 1,521,223 1,501,558
Operating Income 1,242,789 648,579 594,210 2,293,668 615,604 638,294 536,934 502,836 2,025,044 513,794 530,795 520,841 459,614
Equity earnings in unconsolidated partnerships 28,331 15,399 12,932 43,383 6,992 10,434 15,214 10,743 68,486 14,970 24,338 15,926 13,252
Minority interest in consolidated partnerships (25,377) (11,482) (13,895) (69,105) (11,267) (20,573) (18,918) (18,347) (80,096) (19,227) (23,647) (21,651) (15,571)
Other income, net 33,022 21,140 11,882 42,752 2,752 22,325 7,976 9,699 34,500 11,360 15,652 2,875 4,613
Interest expense (179,597) (90,623) (88,974) (332,588) (86,134) (83,422) (76,343) (86,689) (352,490) (87,512) (86,699) (86,543) (91,736)
Income before income taxes 1,099,168 583,013 516,155 1,978,110 527,947 567,058 464,863 418,242 1,695,444 433,385 460,439 431,448 370,172
Income taxes 414,293 218,240 196,053 743,195 201,105 215,852 171,761 154,477 625,242 155,785 168,129 160,737 140,591
Net income 684,875 364,773 320,102 1,234,915 326,842 351,206 293,102 263,765 1,070,202 277,600 292,310 270,711 229,581
Preferred dividends 42 21 21 93 21 24 24 24 103 25 25 26 27
Net income applicable to common shares $ 684,833 $ 364,752 $ 320,081 $ 1,234,822 $ 326,821 $ 351,182 $ 293,078 $ 263,741 $ 1,070,099 $ 277,575 $ 292,285 $ 270,685 $ 229,554
Earnings Per Share:
Basic $1.77 $.94 $.83 $3.62 $.85 $.97 $.93 $.87 $3.48 $.92 $.95 $.88 $.74
Diluted $1.76 $.93 $.82 $3.59 $.84 $.96 $.93 $.87 $3.47 $.91 $.95 $.88 $.73
Current businesses excludes the effects of discontinued operations, amortization expense related to intangible assets recorded in connection with the acquisition of wireless properties, a special cash dividend received on the Company's investment in
investment in Fidelity National Financial, Inc. common stock, gain on the exchange or disposal of assets, debt prepayment expenses, costs associated with Hurricane Katrina, change in accounting for operating leases and conditional
asset retirement obligations, reversal of certain income tax contingency reserves and restructuring and other charges.
3. ALLTEL Corporation
Consolidated Quarterly Statements of Income Under GAAP
for quarterly periods in the years 2006, 2005 and 2004
2006 2005 2004
Total 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr. Total 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr.
(In thousands, except per share amounts)
Revenues and Sales:
Service revenues $ 4,582,278 $ 2,334,559 $ 2,247,719 $ 8,380,501 $ 2,263,605 $ 2,229,370 $ 1,989,264 $ 1,898,262 $ 7,374,279 $ 1,897,402 $ 1,885,405 $ 1,825,894 $ 1,765,578
Product sales 631,129 339,112 292,017 1,106,458 318,146 289,749 270,842 227,721 871,862 242,391 217,707 216,170 195,594
Total revenues and sales 5,213,407 2,673,671 2,539,736 9,486,959 2,581,751 2,519,119 2,260,106 2,125,983 8,246,141 2,139,793 2,103,112 2,042,064 1,961,172
Costs and Expenses:
Cost of services 1,494,060 762,335 731,725 2,743,745 736,857 719,683 660,945 626,260 2,374,220 604,818 624,442 584,189 560,771
Cost of products sold 740,462 384,669 355,793 1,315,320 381,764 343,718 308,065 281,773 1,075,545 299,603 262,604 256,055 257,283
Selling, general, administrative and other 1,009,890 510,931 498,959 1,795,516 496,549 470,966 420,536 407,465 1,524,165 402,489 373,624 372,859 375,193
Depreciation and amortization 816,439 411,898 404,541 1,482,605 404,079 388,989 348,320 341,217 1,299,691 332,520 324,678 321,151 321,342
Restructuring and other charges 31,512 11,987 19,525 58,717 39,844 18,873 - - 50,892 (873) - - 51,765
Total costs and expenses 4,092,363 2,081,820 2,010,543 7,395,903 2,059,093 1,942,229 1,737,866 1,656,715 6,324,513 1,638,557 1,585,348 1,534,254 1,566,354
Operating Income 1,121,044 591,851 529,193 2,091,056 522,658 576,890 522,240 469,268 1,921,628 501,236 517,764 507,810 394,818
Equity earnings in unconsolidated partnerships 28,331 15,399 12,932 43,383 6,992 10,434 15,214 10,743 68,486 14,970 24,338 15,926 13,252
Minority interest in consolidated partnerships (25,377) (11,482) (13,895) (69,105) (11,267) (20,573) (18,918) (18,347) (80,096) (19,227) (23,647) (21,651) (15,571)
Other income, net 33,022 21,140 11,882 158,788 2,752 27,325 7,976 120,735 34,500 11,360 15,652 2,875 4,613
Interest expense (179,597) (90,623) (88,974) (332,588) (86,134) (83,422) (76,343) (86,689) (352,490) (87,512) (86,699) (86,543) (91,736)
Gain on exchange or disposal of assets and other 176,639 176,639 - 218,830 - 30,557 188,273 - - - - - -
Income from continuing operations before income taxes 1,154,062 702,924 451,138 2,110,364 435,001 541,211 638,442 495,710 1,592,028 420,827 447,408 418,417 305,376
Income taxes 436,983 265,424 171,559 801,836 176,681 206,068 236,381 182,706 565,331 150,182 143,727 155,889 115,533
Income from continuing operations 717,079 437,500 279,579 1,308,528 258,320 335,143 402,061 313,004 1,026,697 270,645 303,681 262,528 189,843
Income (loss) from discontinued operations
(net of income taxes) 9,231 (8,597) 17,828 30,292 4,270 26,022 - - 19,538 - 19,538 - -
Income before cumulative effect of accounting change 726,310 428,903 297,407 1,338,820 262,590 361,165 402,061 313,004 1,046,235 270,645 323,219 262,528 189,843
Cumulative effect of accounting change
(net of income taxes) - - - (7,441) (7,441) - - - - - - - -
Net income 726,310 428,903 297,407 1,331,379 255,149 361,165 402,061 313,004 1,046,235 270,645 323,219 262,528 189,843
Preferred dividends 42 21 21 93 21 24 24 24 103 25 25 26 27
Net income applicable to common shares $ 726,268 $ 428,882 $ 297,386 $ 1,331,286 $ 255,128 $ 361,141 $ 402,037 $ 312,980 $ 1,046,132 $ 270,620 $ 323,194 $ 262,502 $ 189,816
Earnings Per Share:
Basic:
Income from continuing operations $1.85 $1.12 $.72 $3.84 $.67 $.92 $1.28 $1.04 $3.34 $.89 $ .99 $.85 $.61
.06 .06
Income (loss) from discontinued operations .02 (.02) .05 .09 .01 .07 - - - - -
Cumulative effect of accounting change - - - (.02) (.02) - - - - - - - -
Net income $1.87 $1.10 $.77 $3.91 $.66 $.99 $1.28 $1.04 $3.40 $.89 $1.05 $.85 $.61
Diluted:
Income from continuing operations $1.84 $1.12 $.72 $3.80 $.67 $.91 $1.27 $1.03 $3.33 $.89 $ .99 $.85 $.61
.06 .06
Income (loss) from discontinued operations .02 (.02) .05 .09 .01 .07 - - - - -
Cumulative effect of accounting change - - - (.02) (.02) - - - - - - - -
Net income $1.86 $1.10 $.77 $3.87 $.66 $.98 $1.27 $1.03 $3.39 $.89 $1.05 $.85 $.61