The document provides a reconciliation of the company's GAAP and non-GAAP financial measures for the third quarters of 2008 and 2007. It shows items such as restructuring charges, productivity initiatives, and certain tax matters that are excluded from non-GAAP measures. Management believes the non-GAAP measures provide a meaningful comparison of underlying business trends by excluding items that impact comparability between periods. The reconciliation tables present the impact of excluded items on key financial metrics such as operating income, net income, and earnings per share.
coca cola Reconciliation of Q2 and YTD 2008 Non-GAAP Financial Measuresfinance9
This document provides both GAAP and non-GAAP financial measures for The Coca-Cola Company for the three months ended June 27, 2008 and June 29, 2007. Management believes non-GAAP measures allow for additional meaningful comparisons between periods by excluding certain items that impact comparability. The tables show reconciliations between reported GAAP measures and non-GAAP measures which exclude items like asset impairments and equity investee gains or losses. Management uses non-GAAP measures to make financial, operating and planning decisions.
coca cola Reconciliation of Q1 2008 Non-GAAP Financial Measuresfinance9
Management provides the following 3-sentence summary:
1) While the Company reports financial results according to GAAP, management also uses non-GAAP measures to provide additional meaningful comparisons between periods by excluding certain items that impact comparability.
2) Management believes these non-GAAP measures better reflect underlying business trends and also uses them to make financial, operating, and planning decisions.
3) The document provides reconciliations between GAAP and non-GAAP measures for revenues, expenses, profits, and segment results for the first quarters of 2008 and 2007.
coca cola Reconciliation of Q3 and YTD 2007 Non-GAAP Financial Measuresfinance9
The document provides a reconciliation of the company's GAAP financial measures to non-GAAP financial measures for the third quarter and first nine months of 2007 and 2006. Some key points:
- Management believes the non-GAAP measures provide a meaningful comparison of underlying business trends by excluding certain items that impact comparability.
- For Q3 2007, items impacting comparability include asset impairments/restructuring charges and gains/losses, resulting in operating income 12% higher than reported on a non-GAAP basis.
- For the first nine months of 2007, items include similar adjustment items, resulting in operating income 13% higher than reported on a non-GAAP basis.
- By
coca cola Reconciliation of Q1 2007 Non-GAAP Financial Measuresfinance9
The document provides a reconciliation of the company's GAAP and non-GAAP financial measures for the quarters ending March 30, 2007 and March 31, 2006. It summarizes that management believes the non-GAAP measures provide a more meaningful comparison by excluding certain items that impact comparability between periods. The tables show reconciliations of key financial figures between GAAP and non-GAAP reporting, including revenues, expenses, profits, and margins. It also provides segment-level comparisons of operating income growth between the two periods under GAAP and non-GAAP measures.
coca cola Reconciliation of Q2 and YTD 2007 Non-GAAP Financial Measuresfinance9
The document provides non-GAAP financial measures for The Coca-Cola Company in addition to its GAAP reported financial results. Management believes the non-GAAP measures allow for more meaningful comparisons of current results to historical periods by excluding certain items that impact overall comparability. The non-GAAP measures are used by management in making financial, operating, and planning decisions to evaluate performance. Tables reconcile the non-GAAP measures to GAAP measures and provide supplemental financial data for quarterly and year-to-date periods, including operating income by segment.
coca cola Reconciliation of Q3 and YTD 2006 Non-GAAP Financial Measuresfinance9
The document compares the company's financial results reported according to GAAP with non-GAAP measures used by management to evaluate performance. Management believes the non-GAAP measures provide a more meaningful comparison by excluding certain items that impact comparability between periods. The tables provide reconciliations between GAAP and non-GAAP results for key metrics such as operating income and diluted earnings per share for the most recent quarter.
coca cola Reconciliation of Q1 2006 Non-GAAP Financial Measuresfinance9
The document discusses a company's use of both GAAP and non-GAAP financial measures to evaluate performance. Management believes non-GAAP measures provide additional context by excluding certain items that impact comparability between periods. A table is presented reconciling the company's GAAP and non-GAAP results for the first quarter of 2006 and 2005, with non-GAAP measures excluding certain one-time charges and gains.
coca cola Reconciliation of Non-GAAP Financial Measures for 2008 Beverage D...finance9
The document discusses the company's reporting of financial results according to GAAP and also using non-GAAP measures. Management believes the non-GAAP measures provide additional meaningful comparisons by excluding certain items that impact comparability between periods. The tables provide reconciliations between GAAP and non-GAAP results for years 2004-2005 and quarters 1-2 of 2006, excluding items like restructuring charges, tax matters, and equity investments to show underlying trends. Non-GAAP measures should be viewed in addition to GAAP measures.
coca cola Reconciliation of Q2 and YTD 2008 Non-GAAP Financial Measuresfinance9
This document provides both GAAP and non-GAAP financial measures for The Coca-Cola Company for the three months ended June 27, 2008 and June 29, 2007. Management believes non-GAAP measures allow for additional meaningful comparisons between periods by excluding certain items that impact comparability. The tables show reconciliations between reported GAAP measures and non-GAAP measures which exclude items like asset impairments and equity investee gains or losses. Management uses non-GAAP measures to make financial, operating and planning decisions.
coca cola Reconciliation of Q1 2008 Non-GAAP Financial Measuresfinance9
Management provides the following 3-sentence summary:
1) While the Company reports financial results according to GAAP, management also uses non-GAAP measures to provide additional meaningful comparisons between periods by excluding certain items that impact comparability.
2) Management believes these non-GAAP measures better reflect underlying business trends and also uses them to make financial, operating, and planning decisions.
3) The document provides reconciliations between GAAP and non-GAAP measures for revenues, expenses, profits, and segment results for the first quarters of 2008 and 2007.
coca cola Reconciliation of Q3 and YTD 2007 Non-GAAP Financial Measuresfinance9
The document provides a reconciliation of the company's GAAP financial measures to non-GAAP financial measures for the third quarter and first nine months of 2007 and 2006. Some key points:
- Management believes the non-GAAP measures provide a meaningful comparison of underlying business trends by excluding certain items that impact comparability.
- For Q3 2007, items impacting comparability include asset impairments/restructuring charges and gains/losses, resulting in operating income 12% higher than reported on a non-GAAP basis.
- For the first nine months of 2007, items include similar adjustment items, resulting in operating income 13% higher than reported on a non-GAAP basis.
- By
coca cola Reconciliation of Q1 2007 Non-GAAP Financial Measuresfinance9
The document provides a reconciliation of the company's GAAP and non-GAAP financial measures for the quarters ending March 30, 2007 and March 31, 2006. It summarizes that management believes the non-GAAP measures provide a more meaningful comparison by excluding certain items that impact comparability between periods. The tables show reconciliations of key financial figures between GAAP and non-GAAP reporting, including revenues, expenses, profits, and margins. It also provides segment-level comparisons of operating income growth between the two periods under GAAP and non-GAAP measures.
coca cola Reconciliation of Q2 and YTD 2007 Non-GAAP Financial Measuresfinance9
The document provides non-GAAP financial measures for The Coca-Cola Company in addition to its GAAP reported financial results. Management believes the non-GAAP measures allow for more meaningful comparisons of current results to historical periods by excluding certain items that impact overall comparability. The non-GAAP measures are used by management in making financial, operating, and planning decisions to evaluate performance. Tables reconcile the non-GAAP measures to GAAP measures and provide supplemental financial data for quarterly and year-to-date periods, including operating income by segment.
coca cola Reconciliation of Q3 and YTD 2006 Non-GAAP Financial Measuresfinance9
The document compares the company's financial results reported according to GAAP with non-GAAP measures used by management to evaluate performance. Management believes the non-GAAP measures provide a more meaningful comparison by excluding certain items that impact comparability between periods. The tables provide reconciliations between GAAP and non-GAAP results for key metrics such as operating income and diluted earnings per share for the most recent quarter.
coca cola Reconciliation of Q1 2006 Non-GAAP Financial Measuresfinance9
The document discusses a company's use of both GAAP and non-GAAP financial measures to evaluate performance. Management believes non-GAAP measures provide additional context by excluding certain items that impact comparability between periods. A table is presented reconciling the company's GAAP and non-GAAP results for the first quarter of 2006 and 2005, with non-GAAP measures excluding certain one-time charges and gains.
coca cola Reconciliation of Non-GAAP Financial Measures for 2008 Beverage D...finance9
The document discusses the company's reporting of financial results according to GAAP and also using non-GAAP measures. Management believes the non-GAAP measures provide additional meaningful comparisons by excluding certain items that impact comparability between periods. The tables provide reconciliations between GAAP and non-GAAP results for years 2004-2005 and quarters 1-2 of 2006, excluding items like restructuring charges, tax matters, and equity investments to show underlying trends. Non-GAAP measures should be viewed in addition to GAAP measures.
coca cola Reconciliation of Non-GAAP Financial Measures for 2008 Lehman Broth...finance9
The document discusses the company's reporting of financial results according to GAAP and the use of non-GAAP measures by management to provide additional meaningful comparisons. It provides reconciliations of GAAP measures to non-GAAP measures for years 2004-2005 and quarters 1-2 of 2006 that exclude certain items impacting comparability in order to reflect underlying business trends. Management uses these non-GAAP measures for financial decision making and performance evaluation.
This document provides a reconciliation of GAAP financial measures to non-GAAP financial measures for Delta Air Lines for various periods in 2007 and 2006. It excludes certain items from key metrics like CASM, PRASM, EBITDAR, and free cash flow that management believes are not indicative of underlying operational performance, such as reorganization costs, accounting adjustments, and fuel price fluctuations. The excluded items provide a more meaningful comparison of Delta's performance to prior periods and the industry.
coca cola Reconciliation of Q4 and Full Year 2005 Non-GAAP Financial Measuresfinance9
The document discusses reconciliations between the Company's GAAP financial measures and non-GAAP financial measures for various periods. Management believes the non-GAAP measures provide additional insight into underlying business trends by excluding certain items that impact comparability between periods. The document includes tables reconciling revenue, expenses, operating income, net income, EPS and other items between GAAP and non-GAAP for quarters ending December 2005 and 2004 and years ending 2005 and 2004. It provides supplemental financial data and explanations of items adjusted for comparability.
The document discusses Duke Energy Corporation's use of non-GAAP financial measures in its First Quarter 2007 Earnings Review presentation. Specifically, it discusses measures such as ongoing diluted EPS, ongoing segment EBIT, and expected ongoing diluted EPS growth rates which exclude special items that management believes are not recurring. It provides reconciliations of these non-GAAP measures to the most directly comparable GAAP measures for previous periods to facilitate understanding of the non-GAAP information.
Duke Energy Corporation provided reconciliations of non-GAAP financial measures (ongoing earnings) to the most directly comparable GAAP measures (reported earnings) for the second quarter and first half of 2006 and 2007. Special items were excluded from ongoing earnings and included in total adjustments to reconcile to reported earnings. Management believes special items will not recur regularly.
This document provides a 2-year summary of Symantec Corporation's financial results and reconciliation of GAAP to non-GAAP results for fiscal years 2007 and 2006. It summarizes that non-GAAP revenue grew 5% to over $5.25 billion in FY2007, non-GAAP earnings per share were $1.01, and non-GAAP deferred revenue grew 19% to nearly $2.8 billion. It also discusses challenges faced and changes implemented in FY2007 to improve operations and financial performance in FY2008.
Texas Eastern Transmission reported financial results for the first quarter of 2007. Revenue was $226 million, down from $248 million in the prior year. Operating expenses declined to $107 million from $118 million. Net income was $63 million compared to $85 million in 2006. Total assets were $5.048 billion as of March 31, 2007.
public serviceenterprise group library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
coca cola Reconciliation of YTD 2003 Non-GAAP Financial Measurefinance9
The document provides a reconciliation of GAAP to non-GAAP financial measures for The Coca-Cola Company for the six months ended June 30, 2003 and June 30, 2002. It shows the company's reported income statement figures according to GAAP as well as adjustments to consider certain non-GAAP items for additional comparisons between periods. Key figures like net operating revenues, operating income, net income, and earnings per share are presented on both a GAAP and non-GAAP basis, with non-GAAP adjusting for items like charges related to streamlining initiatives and gains on investments.
The document is a statistical supplement from UnumProvident for the first quarter of 2005. It provides financial highlights and statistics for UnumProvident for the quarters and years ending March 31, 2005, March 31, 2004 and December 31, 2004 and 2003. Some key figures include total revenue of $2.6 billion for the quarter, net income of $152 million compared to a net loss of $562 million in the prior year quarter, and total assets of $50.8 billion and stockholders' equity of $7.1 billion as of March 31, 2005.
coca cola Reconciliation of Non-GAAP Financial Measuresfinance9
The document provides reconciliations of non-GAAP financial measures to GAAP measures for the Coca-Cola Company for years 1998-2003. It explains that management believes certain non-GAAP measures can provide a more meaningful reflection of underlying business trends by excluding items that impact comparability. The reconciliations adjust operating income and diluted EPS for currency impacts, impairments, accounting changes, and restructuring charges to show "ongoing" or "adjusted" results.
general dynamics Amended and Restated Bylawsfinance9
This document outlines the amended and restated bylaws of General Dynamics Corporation as of February 4, 2009. It addresses topics such as the location of registered offices, procedures for stockholder meetings, requirements for the board of directors, responsibilities of corporate officers, and procedures for capital stock transactions. The bylaws establish rules for notice, quorum, voting, and other governance matters to guide the operations of the corporation according to Delaware law.
The document discusses executing a winning business strategy. It recommends defining key action plans to implement the strategy, identifying resources needed to complete the actions, and assigning project leaders. It emphasizes the importance of individual motivation, capability, and organizational support for successful execution. The document also recommends establishing performance dashboards to track strategy implementation at the overall, functional, and individual levels. Regular review meetings should analyze results, key drivers, and plan next steps to continually improve execution.
The document summarizes key points from the Bank of Latvia's October 2013 monthly newsletter. It notes that unemployment has dropped below 10% for the first time in four years due to job creation, especially in manufacturing. Inflation remained low in September due to seasonal factors and falling energy prices. Exports of goods increased after three months of declines. The newsletter also provides an overview of Latvia's budget for 2014 and structural balance targets in line with EU fiscal rules.
NJFuture Redevelopment Forum 13 Creative Housing FisherNew Jersey Future
This document discusses trends in demographics, housing preferences, and the future of housing demand in New Jersey. It notes that birth rates are declining while the population is aging. Fewer households have children at home. There is increased demand for walkable, convenient locations near transit or urban centers. Housing products need to adapt to changing buyer profiles, including affluent downsizing baby boomers, active adults, and middle-income professionals seeking amenities. Challenges include adjusting to these demographic shifts and ensuring housing options meet future needs.
The Ministry Teams Meeting Minutes document summarizes discussions from several ministry team meetings at Church of the Nativity (COTN) in October 2013. The Newcomer Ministry team discussed ideas for mentoring new members such as recruiting "shepherds" to match newcomers with existing members. The Pastoral Care team planned a meeting to discuss visitation and reviewed their 2013 budget. The Buildings and Grounds team discussed several maintenance and landscaping tasks and provided initial input for the 2014 budget. The Youth Formation team began discussing a new mission statement for COTN's youth program.
1) Symantec reported fiscal Q2 2009 non-GAAP revenue of $1.523 billion, up 6% year-over-year but down 8% quarter-over-quarter.
2) Notable metrics include non-GAAP EPS of $0.37, up 28% year-over-year but down 8% quarter-over-quarter, and cash position of $2.305 billion, up 15% year-over-year.
3) By segment, Security & Compliance revenue was $403 million, up 1% year-over-year but down 10% quarter-over-quarter.
Websense Financial Analyst Day 2013 - Threat TechnologyRuss Dietz
The document discusses Websense's Triton architecture for persistent threat protection. Triton provides complete threat protection through global threat awareness, real-time threat detection, persistent visibility and deployment of protections. It utilizes ThreatSeeker for detection evolution with global threat awareness and real-time threat detection capabilities as well as active protection and APT mitigation. Triton architecture enhances protection through persistent visibility, deployment of defenses and overlays on current defenses. It blocks advanced persistent threats with full content analysis, encrypted visibility and prevent criminal encryption and safe, scalable content sandboxing.
DuPont reported a 15% increase in earnings per share for the first quarter of 2007 compared to the same period in 2006. Sales grew 6% due to a 2% increase in local currency prices, 2% higher volumes, and a 2% benefit from currency exchange. DuPont reaffirmed its full year 2007 earnings outlook of approximately $3.15 per share, excluding significant items.
coca cola Reconciliation of Non-GAAP Financial Measures for 2008 Lehman Broth...finance9
The document discusses the company's reporting of financial results according to GAAP and the use of non-GAAP measures by management to provide additional meaningful comparisons. It provides reconciliations of GAAP measures to non-GAAP measures for years 2004-2005 and quarters 1-2 of 2006 that exclude certain items impacting comparability in order to reflect underlying business trends. Management uses these non-GAAP measures for financial decision making and performance evaluation.
This document provides a reconciliation of GAAP financial measures to non-GAAP financial measures for Delta Air Lines for various periods in 2007 and 2006. It excludes certain items from key metrics like CASM, PRASM, EBITDAR, and free cash flow that management believes are not indicative of underlying operational performance, such as reorganization costs, accounting adjustments, and fuel price fluctuations. The excluded items provide a more meaningful comparison of Delta's performance to prior periods and the industry.
coca cola Reconciliation of Q4 and Full Year 2005 Non-GAAP Financial Measuresfinance9
The document discusses reconciliations between the Company's GAAP financial measures and non-GAAP financial measures for various periods. Management believes the non-GAAP measures provide additional insight into underlying business trends by excluding certain items that impact comparability between periods. The document includes tables reconciling revenue, expenses, operating income, net income, EPS and other items between GAAP and non-GAAP for quarters ending December 2005 and 2004 and years ending 2005 and 2004. It provides supplemental financial data and explanations of items adjusted for comparability.
The document discusses Duke Energy Corporation's use of non-GAAP financial measures in its First Quarter 2007 Earnings Review presentation. Specifically, it discusses measures such as ongoing diluted EPS, ongoing segment EBIT, and expected ongoing diluted EPS growth rates which exclude special items that management believes are not recurring. It provides reconciliations of these non-GAAP measures to the most directly comparable GAAP measures for previous periods to facilitate understanding of the non-GAAP information.
Duke Energy Corporation provided reconciliations of non-GAAP financial measures (ongoing earnings) to the most directly comparable GAAP measures (reported earnings) for the second quarter and first half of 2006 and 2007. Special items were excluded from ongoing earnings and included in total adjustments to reconcile to reported earnings. Management believes special items will not recur regularly.
This document provides a 2-year summary of Symantec Corporation's financial results and reconciliation of GAAP to non-GAAP results for fiscal years 2007 and 2006. It summarizes that non-GAAP revenue grew 5% to over $5.25 billion in FY2007, non-GAAP earnings per share were $1.01, and non-GAAP deferred revenue grew 19% to nearly $2.8 billion. It also discusses challenges faced and changes implemented in FY2007 to improve operations and financial performance in FY2008.
Texas Eastern Transmission reported financial results for the first quarter of 2007. Revenue was $226 million, down from $248 million in the prior year. Operating expenses declined to $107 million from $118 million. Net income was $63 million compared to $85 million in 2006. Total assets were $5.048 billion as of March 31, 2007.
public serviceenterprise group library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
coca cola Reconciliation of YTD 2003 Non-GAAP Financial Measurefinance9
The document provides a reconciliation of GAAP to non-GAAP financial measures for The Coca-Cola Company for the six months ended June 30, 2003 and June 30, 2002. It shows the company's reported income statement figures according to GAAP as well as adjustments to consider certain non-GAAP items for additional comparisons between periods. Key figures like net operating revenues, operating income, net income, and earnings per share are presented on both a GAAP and non-GAAP basis, with non-GAAP adjusting for items like charges related to streamlining initiatives and gains on investments.
The document is a statistical supplement from UnumProvident for the first quarter of 2005. It provides financial highlights and statistics for UnumProvident for the quarters and years ending March 31, 2005, March 31, 2004 and December 31, 2004 and 2003. Some key figures include total revenue of $2.6 billion for the quarter, net income of $152 million compared to a net loss of $562 million in the prior year quarter, and total assets of $50.8 billion and stockholders' equity of $7.1 billion as of March 31, 2005.
coca cola Reconciliation of Non-GAAP Financial Measuresfinance9
The document provides reconciliations of non-GAAP financial measures to GAAP measures for the Coca-Cola Company for years 1998-2003. It explains that management believes certain non-GAAP measures can provide a more meaningful reflection of underlying business trends by excluding items that impact comparability. The reconciliations adjust operating income and diluted EPS for currency impacts, impairments, accounting changes, and restructuring charges to show "ongoing" or "adjusted" results.
general dynamics Amended and Restated Bylawsfinance9
This document outlines the amended and restated bylaws of General Dynamics Corporation as of February 4, 2009. It addresses topics such as the location of registered offices, procedures for stockholder meetings, requirements for the board of directors, responsibilities of corporate officers, and procedures for capital stock transactions. The bylaws establish rules for notice, quorum, voting, and other governance matters to guide the operations of the corporation according to Delaware law.
The document discusses executing a winning business strategy. It recommends defining key action plans to implement the strategy, identifying resources needed to complete the actions, and assigning project leaders. It emphasizes the importance of individual motivation, capability, and organizational support for successful execution. The document also recommends establishing performance dashboards to track strategy implementation at the overall, functional, and individual levels. Regular review meetings should analyze results, key drivers, and plan next steps to continually improve execution.
The document summarizes key points from the Bank of Latvia's October 2013 monthly newsletter. It notes that unemployment has dropped below 10% for the first time in four years due to job creation, especially in manufacturing. Inflation remained low in September due to seasonal factors and falling energy prices. Exports of goods increased after three months of declines. The newsletter also provides an overview of Latvia's budget for 2014 and structural balance targets in line with EU fiscal rules.
NJFuture Redevelopment Forum 13 Creative Housing FisherNew Jersey Future
This document discusses trends in demographics, housing preferences, and the future of housing demand in New Jersey. It notes that birth rates are declining while the population is aging. Fewer households have children at home. There is increased demand for walkable, convenient locations near transit or urban centers. Housing products need to adapt to changing buyer profiles, including affluent downsizing baby boomers, active adults, and middle-income professionals seeking amenities. Challenges include adjusting to these demographic shifts and ensuring housing options meet future needs.
The Ministry Teams Meeting Minutes document summarizes discussions from several ministry team meetings at Church of the Nativity (COTN) in October 2013. The Newcomer Ministry team discussed ideas for mentoring new members such as recruiting "shepherds" to match newcomers with existing members. The Pastoral Care team planned a meeting to discuss visitation and reviewed their 2013 budget. The Buildings and Grounds team discussed several maintenance and landscaping tasks and provided initial input for the 2014 budget. The Youth Formation team began discussing a new mission statement for COTN's youth program.
1) Symantec reported fiscal Q2 2009 non-GAAP revenue of $1.523 billion, up 6% year-over-year but down 8% quarter-over-quarter.
2) Notable metrics include non-GAAP EPS of $0.37, up 28% year-over-year but down 8% quarter-over-quarter, and cash position of $2.305 billion, up 15% year-over-year.
3) By segment, Security & Compliance revenue was $403 million, up 1% year-over-year but down 10% quarter-over-quarter.
Websense Financial Analyst Day 2013 - Threat TechnologyRuss Dietz
The document discusses Websense's Triton architecture for persistent threat protection. Triton provides complete threat protection through global threat awareness, real-time threat detection, persistent visibility and deployment of protections. It utilizes ThreatSeeker for detection evolution with global threat awareness and real-time threat detection capabilities as well as active protection and APT mitigation. Triton architecture enhances protection through persistent visibility, deployment of defenses and overlays on current defenses. It blocks advanced persistent threats with full content analysis, encrypted visibility and prevent criminal encryption and safe, scalable content sandboxing.
DuPont reported a 15% increase in earnings per share for the first quarter of 2007 compared to the same period in 2006. Sales grew 6% due to a 2% increase in local currency prices, 2% higher volumes, and a 2% benefit from currency exchange. DuPont reaffirmed its full year 2007 earnings outlook of approximately $3.15 per share, excluding significant items.
- DuPont reported second quarter 2006 earnings of $1.04 per share, up from $1.01 per share in second quarter 2005. Excluding significant items, earnings per share were $1.01, up 12% from $0.90 per share last year.
- Local prices were up 2% while volumes increased 1%, but currency effects reduced sales by 1%, for a total sales increase of 2%.
- The company expects strong earnings growth in the second half of 2006 compared to 2005, and reaffirms its full year 2006 earnings outlook.
This document provides reconciliations between Duke Energy Corporation's ("Duke Energy") non-GAAP financial measures and the most directly comparable GAAP measures for various periods. It discusses Duke Energy's use of "ongoing" measures which exclude special items that management believes are not recurring, such as gains, losses and impairment charges. The document also references Duke Energy's expectation to achieve ongoing EPS targets and segment earnings growth rates through 2012.
public serviceenterprise group library.corporate-irfinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For Q4 2008, PSEG reported operating earnings of $250 million compared to $272 million in Q4 2007. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's Q4 operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million compared to $77 million in Q4 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
This document provides a summary of PSEG's 4th quarter and full-year 2008 earnings conference call. It discusses PSEG meeting its 2008 earnings guidance despite challenges. Key points include PSEG focusing on operational excellence, laying a foundation for the future through carbon abatement and infrastructure programs, and strengthening its financial position by reducing debt and recognizing reserves for tax risks. The document also provides guidance for 2009 operating earnings of $3.00-$3.25 per share.
public serviceenterprise group Investor library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise grouplibrary.corporate-ifinance20
This document provides a summary of PSEG's 4th quarter and full-year 2008 earnings conference call. It discusses PSEG meeting its 2008 earnings guidance despite challenges. Key points include PSEG focusing on operational excellence, laying a foundation for the future through carbon abatement and infrastructure programs, and strengthening its financial position by reducing debt and recognizing reserves for tax risks. The document also provides guidance for 2009 operating earnings of $3.00-$3.25 per share.
public serviceenterprise group library.corporate-irfinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For Q4 2008, PSEG reported operating earnings of $250 million compared to $272 million in Q4 2007. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's Q4 operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million compared to $77 million in Q4 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise group library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For Q4 2008, PSEG reported operating earnings of $250 million compared to $272 million in Q4 2007. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's Q4 operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in Q4 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise group Investor library.corporatefinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise grouplibrary.corporate-ifinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise group library.corporate-irfinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's operating earnings were relatively flat quarter-over-quarter, while PSE&G's operating earnings declined slightly due to higher energy costs and lower margins, offset partially by O&M savings. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
public serviceenterprise group library.corporate-irfinance20
PSEG held an earnings conference call to discuss its fourth quarter and full-year 2008 results. For the fourth quarter, PSEG reported operating earnings of $250 million compared to $272 million in the prior year quarter. For the full year, operating earnings were $1,487 million compared to $1,385 million in 2007. PSEG Power's fourth quarter operating earnings were $207 million, matching the prior year, while PSE&G's were $76 million, down slightly from $77 million in 2007. PSEG provided 2009 operating earnings guidance of $3.00-$3.25 per share.
The document discusses Duke Energy's use of non-GAAP financial measures to evaluate performance, including ongoing earnings per share, ongoing segment EBIT, and other measures adjusted for special items. It provides context for these measures and notes that special items represent charges and credits that are not expected to recur regularly. It also states that reconciliations to the most directly comparable GAAP measures are not possible due to the inability to forecast future special items.
coca cola Reconciliation of Q2 2003 Non-GAAP Financial Measuresfinance9
The Company reports GAAP financial results and non-GAAP measures to provide additional comparisons. The document provides a reconciliation of GAAP to non-GAAP measures for Q2 2003 and Q2 2002, showing adjustments for streamlining initiatives that impact operating income, income before taxes, net income, and earnings per share. Non-GAAP measures exclude certain items to provide a more meaningful comparison of current and historical results.
United Health GroupReconciliation of Non-GAAP Financial Measuresfinance3
This document from UnitedHealth Group provides reconciliations of non-GAAP financial measures for the quarter ended September 30, 2007. It includes:
1) Operating results excluding charges related to IRS Section 409A, showing earnings from operations of $5.987 billion versus GAAP of $5.811 billion.
2) Adjusted cash flows from operating activities of $2.085 billion versus GAAP of $516 million to account for timing of CMS premium payments.
3) Consolidated reporting excluding their AARP business to show financial measures without the impact of AARP's rate stabilization fund.
4) Forecasted 2007 diluted net earnings per share of $3.49-$3.50 excluding IRS
The document discusses several non-GAAP financial measures used by Duke Energy to measure performance, including:
1) Ongoing diluted EPS, which adjusts reported diluted EPS from continuing operations for special items to measure performance against employee incentive targets.
2) Anticipated ongoing EPS growth percentages, which adjust diluted EPS from continuing operations for special items to forecast future EPS growth.
3) Ongoing segment EBIT, which adjusts reported segment EBIT for special items to forecast performance at the business segment level.
Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are not provided due to the inability to forecast special items.
tech data Fiscal 2009 Second-Quarter Resultsfinance11
This document provides a reconciliation of GAAP (Generally Accepted Accounting Principles) to non-GAAP operating income, net income, and net income per diluted share for a company for the three and six month periods ending July 31, 2008 and 2007. It excludes certain one-time items from GAAP numbers like losses from disposing of subsidiaries and restructuring charges to derive non-GAAP numbers that provide a better view of ongoing business performance. Notes explain the nature of the excluded items.
The document provides a reconciliation of Aramark's non-GAAP financial measures for its fourth quarter and full year 2003 operating results, excluding certain unusual income and expense items. Specifically, it excludes $32 million in business interruption proceeds, a $10.7 million investment write-down, $7.7 million in debt extinguishment costs, and prior year gains of $43.7 million. The reconciliation shows income from continuing operations and earnings per share on both an as reported basis and excluding these unusual items, showing an increase of 18% and 15% respectively for the quarter and year on the adjusted basis. It also provides adjusted operating income figures for the food and support services segment in the US.
The document provides a reconciliation of Aramark's non-GAAP financial measures for its fourth quarter and full year 2003 operating results, excluding certain unusual income and expense items. Specifically, it excludes $32 million in business interruption proceeds, a $10.7 million investment write-down, $7.7 million in debt extinguishment costs, and prior year gains of $43.7 million. The reconciliation shows income from continuing operations and earnings per share on both an as reported basis and excluding these unusual items, showing an increase of 18% and 15% respectively for the quarter and year on the adjusted basis. It also shows operating income for the food and support services segment on both bases, with an increase of 11%
tech data Fiscal 2009 First-Quarter Resultsfinance11
This document provides a reconciliation of GAAP operating income, net income, and net income per diluted share to non-GAAP amounts for the company for the three months ended April 30, 2008 and April 30, 2007. It shows that non-GAAP operating income and net income were higher than GAAP amounts for both periods due to the exclusion of losses from the disposal of subsidiaries and restructuring charges. Non-GAAP net income per diluted share was also higher after excluding these items and their related tax effects.
Similar to coca cola Reconciliation of Q3 and YTD 2008 Non-GAAP financial measures (20)
enterprise gp holdings Organizational and Ownership Structure Chart finance9
- Dan L. Duncan, EPCO, Inc, Dan Duncan LLC and other affiliates own 77.44% of the ownership units of Enterprise GP Holdings L.P. as of April 30, 2008.
- The remaining 22.55% of ownership units are held by public investors.
- Enterprise GP Holdings L.P. owns the general partner interests and limited partner interests in Enterprise Products Partners L.P., Energy Transfer Equity L.P., and other related companies.
enterprise gp holdings Standards of Business Conductfinance9
The document outlines the Standards of Business Conduct for Enterprise GP Holdings L.P., EPE Holdings, LLC, and their divisions and subsidiaries. It establishes ethical guidelines for employees and contractors regarding conflicts of interest, use of company resources, gifts, political activities, and other interactions. Representatives must avoid situations that could compromise their objectivity or the company's interests, and report any violations of the Standards. Adherence to the policies is required to maintain employment or contracts.
enterprise gp holdings Audit, Conflicts & Governance Committeefinance9
The document establishes an Audit, Conflicts and Governance Committee for EPE Holdings, LLC to assist with Board oversight of financial reporting, compliance, auditor independence, and related-party transactions. The Committee is responsible for appointing and overseeing the independent auditor, reviewing financial statements and disclosures, overseeing compliance and legal matters, and assessing risk. However, the Committee's role is oversight and it relies on management and the auditor for accurate financial reporting and audits.
enterprise gp holdings Code of Conduct & Related Policiesfinance9
This document outlines a code of conduct for EPCO, Inc. employees. It describes 10 sections: [1] Introduction and purpose, [2] General business principles, [3] Legal and ethical obligations, [4] Company compliance policies, [5] Procedures for obtaining guidance, [6] Reporting compliance violations, [7] Discipline and consequences, [8] Individual responsibility and duty, [9] Waivers of the code, and [10] Employee certification. The code is intended to govern employees' business activities and represent the code of ethics required by the Sarbanes-Oxley Act.
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notesfinance9
HCA announced plans to offer $300 million in senior secured second lien notes due in 2017. Proceeds from the offering will be used to repay existing debt, including amounts owed under HCA's credit facilities. The notes have not been registered with the SEC and cannot be offered in the US without registration or an exemption. The announcement contains forward-looking statements about HCA's plans and expectations that are subject to risks and uncertainties.
The document is the 2000 annual report of HCA - The Healthcare Company. It summarizes that in 2000, HCA achieved strong financial and operating performance including over 6% revenue growth, improved margins, and investments of over $1.5 billion in facilities. The company also repurchased $874 million of its common stock. This performance was driven by a focus on patient, physician, and employee satisfaction as well as initiatives to standardize processes while decentralizing decision-making power. Going forward, HCA aims to further develop shared services and a focus on patient safety to strengthen its position.
- HCA is one of the largest healthcare services companies in the US, operating 184 hospitals across 23 states, England, and Switzerland as of 2001.
- In 2001, HCA invested $1.4 billion in capital expenditures, with plans to invest $1.6 billion in 2002 and $1.8 billion in 2003 primarily to expand capacity, improve access, and upgrade infrastructure like emergency departments.
- Population growth in Sunbelt regions where many HCA hospitals operate is driving increased demand for healthcare services, along with new technologies and an aging population requiring more care.
The document is HCA's 2002 annual report. It summarizes that 2002 was a successful year for HCA financially and in resolving investigations by the federal government. HCA reinvested $1.7 billion in its existing facilities and acquired additional hospitals. It also initiated several long-term programs to develop its workforce, such as scholarships through HCA Cares and military training through Army PaYS, to address the national nursing shortage. The CEO and COO were pleased with progress in 2002, their first full year in their roles, and committed to continued investment in facilities, technology, and employees.
HCA's 2003 annual report discusses developments that positioned the company for future growth. Key points include:
1) HCA invested over $1.8 billion to update its existing facilities with new technology and increase capacity.
2) The acquisition of Health Midwest expanded HCA's presence in the Kansas City market.
3) HCA invested $130 million to improve its revenue management and supply chain operations by consolidating them into regional centers.
4) New patient safety technologies like barcoded medication administration were deployed across HCA hospitals.
The document is HCA's 2004 annual report to shareholders. It discusses HCA's financial highlights for 2004 including revenues of $23.5 billion and net income of $1.246 billion. It also discusses challenges faced in 2004 such as reductions in Medicare payments and hurricanes. The letter to shareholders discusses how HCA deployed $3.05 billion in cash flows to invest in capital projects, increase dividends, and repurchase shares. Challenges discussed for 2005 include rising costs of medical devices and caring for the uninsured population.
- Hurricane Katrina caused catastrophic flooding in New Orleans, including at HCA's Tulane University Hospital.
- On Tuesday morning, the hospital's CEO realized flooding was rising over a foot per hour and they had only a few hours before losing power. They had to evacuate seven ventilator patients immediately.
- Through heroic efforts by the hospital staff and support from HCA and other organizations, the ventilator patients and others were evacuated from the roof via helicopter by early Tuesday morning, despite immense challenges including no boat or helicopter pad. This marked the beginning of a massive evacuation effort to rescue over 1,200 patients, staff, and family members from the hospital.
The document is a series of maps showing the rise in obesity rates among US adults from 1985 to 2006 based on data from the CDC's Behavioral Risk Factor Surveillance System. The maps show obesity, defined as a BMI of 30 or higher, increasing from below 10% in most states in 1985 to over 30% in many states by 2006, indicating a significant nationwide rise in obesity over the past few decades.
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008finance9
HCA Healthcare's management provided forward-looking statements during their presentation that are protected under safe harbor provisions. They cautioned that current plans and financial projections may differ from forward-looking statements due to known and unknown risks and uncertainties. The presentation also included certain non-GAAP financial measures that are reconciled to the most directly comparable GAAP measures.
The document is Tyson Foods' 2007 sustainability report, which provides information on the company's economic, social, and environmental performance. It discusses Tyson's commitment to sustainability in areas such as ethics and governance, employee relations, food safety, animal welfare, and community involvement. The report also outlines Tyson's strategies and goals for optimizing operations, expanding internationally, and developing innovative food solutions.
Tyson Foods is the world's largest processor and marketer of chicken, beef, and pork. In fiscal year 2008, Tyson Foods had sales of $26.9 billion and employed over 107,000 team members. Tyson Foods operates vertically integrated poultry and meat production facilities across the United States and internationally, producing over 40 million chickens, 141,860 cattle, and 393,360 hogs per week on average. The company sells its protein products through various distribution channels, including retail consumer products, food service, and international markets.
Tyson Foods had a challenging year financially in 2008 due to high input costs for chicken raising, but was able to remain profitable due to strong performances in pork and beef. The company continued pursuing its strategy of building a multinational business through acquisitions in Brazil, India, and China that will position it for long-term international growth as the global middle class expands. Tyson is also working to develop innovative new products and markets for non-prime meat products through initiatives in renewable fuels, pet foods, nutraceuticals, and biotechnology.
The document is a notice and proxy statement for the 2008 Annual Meeting of Shareholders of General Dynamics Corporation. It notifies shareholders that the meeting will be held on May 7, 2008 to elect directors, conduct an advisory vote on selecting KPMG LLP as the independent auditor, and consider two shareholder proposals. It provides instructions for shareholders on attending the meeting, voting procedures, revoking proxies, and vote requirements.
This document is General Dynamics' annual report for 2007. It discusses the company's strong financial performance in 2007, with record sales, earnings, cash flow, orders, and backlog. Specifically, net sales increased 13% to $27.24 billion. Earnings from continuing operations grew 21% to $2.08 billion. Cash from continuing operations was $2.95 billion, up 37%. The annual report provides an overview of each of General Dynamics' business segments and their performance in 2007, noting growth across Aerospace, Combat Systems, and Marine Systems.
general dynamics Restated Certificate of Incorporation finance9
This document is a Restated Certificate of Incorporation for General Dynamics Corporation. It was adopted by the Board of Directors on October 6, 2004 and filed with the Secretary of State of Delaware on that same date. The document restates the original Certificate of Incorporation from 1952 and does not further amend or supplement it. It then lists 22 purposes of the corporation related to manufacturing, research, transportation, mining, real estate, purchasing other businesses, intellectual property, issuing financial instruments, and acting as a selling agent.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
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.
coca cola Reconciliation of Q3 and YTD 2008 Non-GAAP financial measures
1. Page 1 of 4
The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that certain non-GAAP
financial measures used in managing the business may provide users of this financial information additional meaningful comparisons between current results and results in
prior operating periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business
because they provide a comparison of historical information that excludes certain items that impact the overall comparability. Management also uses these non-GAAP
financial measures in making financial, operating and planning decisions and in evaluating the Company's performance. See the Tables below for supplemental financial
data and corresponding reconciliations to GAAP financial measures for the three months ended September 26, 2008 and September 28, 2007. Non-GAAP financial
measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP.
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions except per share data)
Three Months Ended September 26, 2008
Items Impacting Comparability % Change -
After
After
Asset % Change - Considering
Considering
Impairments/ Productivity Equity Transaction Certain Tax Reported Items
Reported Items
Restructuring Initiatives Investees Gains Matters (1) (GAAP) (Non-GAAP)
(GAAP) (Non-GAAP)
Net Operating Revenues $8,393 $8,393 9 9 (2)
Cost of goods sold 3,020 3,020 5 5
Gross Profit 5,373 5,373 12 12 (3)
Selling, general and administrative expenses 3,139 3,139 8 8
Other operating charges 47 ($35) ($12) - -- --
Operating Income 2,187 35 12 2,234 20 17 (3), (4)
Interest income 105 105 78 78
Interest expense 111 111 (13) (13)
Equity income - net 272 $3 275 (5) 3
Other income (loss) - net (8) ($16) (24) -- --
Income Before Income Taxes 2,445 35 12 3 (16) 2,479 16 18
Income taxes 555 7 6 (21) 3 ($5) 545 21 24
Net Income $1,890 $28 $6 $24 ($19) $5 $1,934 14 16
Diluted Net Income Per Share $0.81 $0.01 $0.00 $0.01 ($0.01) $0.00 $0.83 (5) 14 17
Average Shares Outstanding - Diluted 2,329 2,329 2,329 2,329 2,329 2,329 2,329
Gross Margin 64.0% 64.0%
Operating Margin 26.1% 26.6%
Effective Tax Rate 22.7% 22.0%
Three Months Ended September 28, 2007
Items Impacting Comparability
After
Asset Gains on Considering
Impairments/ Equity Sales of Certain Tax
Reported Items
Restructuring Investees Assets Matters (1)
(GAAP) (Non-GAAP)
Net Operating Revenues $7,690 $7,690
Cost of goods sold 2,884 ($3) 2,881
Gross Profit 4,806 3 4,809
Selling, general and administrative expenses 2,896 2,896
Other operating charges 81 (81) -
Operating Income 1,829 84 1,913
Interest income 59 59
Interest expense 127 127
Equity income - net 287 ($21) 266
Other income (loss) - net 65 ($73) (8)
Income Before Income Taxes 2,113 84 (21) (73) 2,103
Income taxes 459 16 (7) (31) $4 441
Net Income $1,654 $68 ($14) ($42) ($4) $1,662
Diluted Net Income Per Share $0.71 $0.03 ($0.01) ($0.02) $0.00 $0.71
Average Shares Outstanding - Diluted 2,331 2,331 2,331 2,331 2,331 2,331
Gross Margin 62.5% 62.5%
Operating Margin 23.8% 24.9%
Effective Tax Rate 21.7% 21.0%
Note: Items to consider for comparability include primarily charges, gains, and accounting changes. Charges and accounting changes negatively impacting net income
are reflected as increases to reported net income. Gains and accounting changes positively impacting net income are reflected as deductions to reported net income.
(1) Primarily related to changes in reserves related to certain tax matters.
(2) Net operating revenues excluding structural changes:
2008 2007 % Change
Reported net operating revenues $8,393 $7,690 9%
Structural changes (166) (257) --
Net operating revenues excluding structural changes $8,227 $7,433 11%
(3) Operating expense leverage after considering items impacting comparability for the three months ended September 26, 2008 is 5%, which is calculated by subtracting gross profit growth
after considering items impacting comparability of 12% from operating income growth after considering items impacting comparability of 17%.
(4) Operating income after considering items impacting comparability for the three months ended September 26, 2008 includes a positive currency impact of approximately 9%.
Currency neutral operating income growth after considering items impacting comparability is 8%.
(5) Per share amounts do not add due to rounding.
2. Page 2 of 4
The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that certain non-
GAAP financial measures used in managing the business may provide users of this financial information additional meaningful comparisons between current results and
results in prior operating periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the
business because they provide a comparison of historical information that excludes certain items that impact the overall comparability. Management also uses these non-
GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company's performance. See the Tables below for supplemental
financial data and corresponding reconciliations to GAAP financial measures for the nine months ended September 26, 2008 and September 28, 2007. Non-GAAP
financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP.
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
(UNAUDITED)
(In millions except per share data)
Nine Months Ended September 26, 2008
Items Impacting Comparability % Change -
After
After
Asset % Change - Considering
Considering
Impairments/ Productivity Equity Transaction Certain Tax Reported Items
Reported Items
Restructuring Initiatives Investees Gains Matters (1) (GAAP) (Non-GAAP)
(GAAP) (Non-GAAP)
Net Operating Revenues $24,818 $24,818 15 15 (2)
Cost of goods sold 8,806 8,806 13 14
Gross Profit 16,012 16,012 16 16 (3)
Selling, general and administrative expenses 9,030 9,030 14 14
Other operating charges 242 ($218) ($24) - -- --
Operating Income 6,740 218 24 6,982 18 19 (3), (4)
Interest income 239 239 59 59
Interest expense 317 317 6 6
Equity income - net (434) $1,130 696 -- 9
Other income (loss) - net 61 ($118) (57) -- --
Income Before Income Taxes 6,289 218 24 1,130 (118) 7,543 1 19
Income taxes 1,477 43 9 195 (29) ($36) 1,659 0 19
Net Income $4,812 $175 $15 $935 ($89) $36 $5,884 1 19
Diluted Net Income Per Share $2.06 $0.07 $0.01 $0.40 ($0.04) $0.02 $2.51 (5) 0 18
Average Shares Outstanding - Diluted 2,341 2,341 2,341 2,341 2,341 2,341 2,341
Gross Margin 64.5% 64.5%
Operating Margin 27.2% 28.1%
Effective Tax Rate 23.5% 22.0%
Nine Months Ended September 28, 2007
Items Impacting Comparability
After
Asset Gains on Considering
Impairments/ Equity Sales of Certain Tax
Reported Items
Restructuring Investees Assets Matters (1)
(GAAP) (Non-GAAP)
Net Operating Revenues $21,526 $21,526
Cost of goods sold 7,765 ($13) 7,752
Gross Profit 13,761 13 13,774
Selling, general and administrative expenses 7,906 7,906
Other operating charges 129 (129) -
Operating Income 5,726 142 5,868
Interest income 150 150
Interest expense 300 300
Equity income - net 497 $141 638
Other income (loss) - net 177 ($209) (32)
Income Before Income Taxes 6,250 142 141 (209) 6,324
Income taxes 1,483 30 19 (104) ($37) 1,391
Net Income $4,767 $112 $122 ($105) $37 $4,933
Diluted Net Income Per Share $2.05 $0.05 $0.05 ($0.05) $0.02 $2.12
Average Shares Outstanding - Diluted 2,326 2,326 2,326 2,326 2,326 2,326
Gross Margin 63.9% 64.0%
Operating Margin 26.6% 27.3%
Effective Tax Rate 23.7% 22.0%
Note: Items to consider for comparability include primarily charges, gains, and accounting changes. Charges and accounting changes negatively impacting net income
are reflected as increases to reported net income. Gains and accounting changes positively impacting net income are reflected as deductions to reported net income.
(1) Primarily related to changes in reserves related to certain tax matters.
(2) Net operating revenues excluding structural changes:
2008 2007 % Change
Reported net operating revenues $24,818 $21,526 15%
Structural changes (912) (554) --
Net operating revenues excluding structural changes $23,906 $20,972 14%
(3) Operating expense leverage after considering items impacting comparability for the nine months ended September 26, 2008 is 3%, which is calculated by subtracting gross profit growth
after considering items impacting comparability of 16% from operating income growth after considering items impacting comparability of 19%.
(4) Operating income after considering items impacting comparability for the nine months ended September 26, 2008 includes a positive currency impact of approximately 10%.
Currency neutral operating income growth after considering items impacting comparability is 9%.
(5) Per share amounts do not add due to rounding.
3. Page 3 of 4
The Company reports its financial results in accordance with U. S. generally accepted accounting principles (GAAP). However, management believes that certain non-GAAP financial
measures used in managing the business may provide users of this financial information additional meaningful comparisons between current results and results in prior operating periods.
Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of
historical information that excludes certain items that impact the overall comparability. Management also uses these non-GAAP financial measures in making financial, operating and
planning decisions and in evaluating the Company's performance. See the Table below for supplemental financial data and corresponding reconciliations to GAAP financial measures for
the three months ended September 26, 2008 and September 28, 2007. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s
reported results prepared in accordance with GAAP.
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
Operating Income (Loss) by Segment
(UNAUDITED)
(In millions)
Three Months Ended September 26, 2008 Three Months Ended September 28, 2007
Items
Impacting
Comparability
Items Impacting Comparability
% Favorable
(Unfavorable) -
% Favorable After
After After
(Unfavorable) - Considering
Considering Considering
Asset Asset
Reported
Impairments/ Productivity Impairments/ Items
Reported Items Reported Items
(GAAP)
Restructuring Initiatives Restructuring (Non-GAAP)
(GAAP) (Non-GAAP) (GAAP) (Non-GAAP)
Eurasia & Africa $180 $180 $134 $15 $149 34 21
Europe 796 796 698 7 705 14 13
Latin America 559 $1 560 430 1 431 30 30
North America 392 6 398 447 13 460 (12) (13)
Pacific 491 491 428 428 15 15
Bottling Investments 66 12 78 58 14 72 14 8
Corporate (297) 16 $12 (269) (366) 34 (332) 19 19
Consolidated $2,187 $35 $12 $2,234 $1,829 $84 $1,913 20 17
4. Page 4 of 4
The Company reports its financial results in accordance with U. S. generally accepted accounting principles (GAAP). However, management believes that certain non-GAAP financial
measures used in managing the business may provide users of this financial information additional meaningful comparisons between current results and results in prior operating periods.
Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of
historical information that excludes certain items that impact the overall comparability. Management also uses these non-GAAP financial measures in making financial, operating and
planning decisions and in evaluating the Company's performance. See the Table below for supplemental financial data and corresponding reconciliations to GAAP financial measures for
the nine months ended September 26, 2008 and September 28, 2007. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s
reported results prepared in accordance with GAAP.
THE COCA-COLA COMPANY AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Financial Measures
Operating Income (Loss) by Segment
(UNAUDITED)
(In millions)
Nine Months Ended September 26, 2008 Nine Months Ended September 28, 2007
Items
Impacting
Comparability
Items Impacting Comparability
% Favorable
(Unfavorable) -
% Favorable After
After After
(Unfavorable) - Considering
Considering Considering
Asset Asset
Reported
Impairments/ Productivity Impairments/ Items
Reported Items Reported Items
(GAAP)
Restructuring Initiatives Restructuring (Non-GAAP)
(GAAP) (Non-GAAP) (GAAP) (Non-GAAP)
Eurasia & Africa $676 $676 $479 $35 $514 41 32
Europe 2,547 2,547 2,226 12 2,238 14 14
Latin America 1,596 $1 1,597 1,258 3 1,261 27 27
North America 1,173 12 1,185 1,294 13 1,307 (9) (9)
Pacific 1,483 1,483 1,306 1 1,307 14 13
Bottling Investments 239 25 264 131 43 174 82 52
Corporate (974) 180 $24 (770) (968) 35 (933) (1) 17
Consolidated $6,740 $218 $24 6,982 $5,726 $142 $5,868 18 19