Danaher Corporation provided a document summarizing its selling, general and administrative costs, operating profit, and free cash flow for the quarter and year ended December 31, 2003. Some key highlights include:
- Total company revenue for the quarter increased 16.7% to $1.49 billion compared to the same quarter last year.
- Operating profit before special credits for the total company was $239.6 million for the quarter, up 20.1% from the prior year.
- Free cash flow for the year was $781.2 million, up 21.1% from 2002.
The document provides reconciliations for several non-GAAP financial measures referenced by Kodak's CEO and CFO during an earnings call to the most directly comparable GAAP measures. These include reconciliations of projected digital EFO, digital revenue growth, investable cash flow, EBITDA, interest expense, and traditional earnings/digital losses to their related GAAP measures. The reconciliations are provided to give investors the same financial data used internally by management to properly assess the company's underlying performance.
This document provides forward-looking statements and non-GAAP financial information for Monsanto's investor day on November 10, 2005. It includes reconciliations of free cash flow, non-GAAP EPS, and return on capital for fiscal years 2004-2007. The document also notes that references to fiscal years refer to Monsanto's year ending August 31 and lists several of Monsanto's trademarks.
- El Paso Corporation reported financial results for the third quarter of 2006 with EBIT of $359 million compared to a loss of $92 million in the third quarter of 2005.
- The Pipelines segment continued its strong performance with EBIT up 12% from the third quarter of 2005, driven by increased throughput. Exploration and Production also had a solid quarter with production volumes up.
- Significant progress was made on legacy issues, including exiting the domestic power business and downsizing the gas trading book. Debt was also reduced by $3.1 billion through the end of the third quarter.
el paso 02_274Q2006Earnings_FINAL_FINAL_bbfinance49
This document provides an investor update from El Paso Corporation for the fourth quarter and full year 2006. Key highlights include:
- The company reduced gross debt by $2.8 billion in 2006 and had $1 billion year-over-year swing in profits.
- Pipelines segment saw record earnings and a 22% increase in earnings from 2005. E&P segment replaced 108% of production primarily through drilling.
- For full year 2006, the company reported $1.75 billion in EBIT and $475 million in net income.
- The company used $2.5 billion in cash for debt reduction in 2006 and reduced net debt to $14.1 billion at the end of the year.
- Advanced Emissions Solutions reported strong financial results in 2016, with distributions from its Refined Coal business exceeding expectations.
- Net income increased significantly due to higher earnings from equity investments in Refined Coal facilities and a $61 million deferred tax asset valuation allowance release.
- The company continued executing equipment contracts while minimizing costs in its Emissions Control business and growing chemical revenues through technology testing.
El Paso Corporation reported second quarter 2006 diluted EPS from continuing operations of $0.21, which included a $0.02 gain from production hedges. The company achieved $487 million in EBIT and $1.4 billion in cash flow from operations. El Paso reduced gross debt by $3 billion through July 2006 through strong cash flow and asset sales, bringing net debt down to $14.45 billion. The company made continued progress on legacy legal issues while pipelines, exploration and production, and other businesses performed well during the quarter.
Week 9: David rudofsky%27s presentation 051017Talou Diallo
The document provides an agenda for a workshop on understanding and using financial statements. The workshop will cover income statements, cash flow statements, balance sheets, and how to use financial statements to run a business. It will include exercises on profit margin analysis, sensitivity analysis, calculating returns, and benchmarking. The expected outcomes are for participants to improve their ability to interpret financial statements to manage operations and plan growth. The full-day workshop will include presentations, exercises, breaks and a Q&A session.
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
The document provides reconciliations for several non-GAAP financial measures referenced by Kodak's CEO and CFO during an earnings call to the most directly comparable GAAP measures. These include reconciliations of projected digital EFO, digital revenue growth, investable cash flow, EBITDA, interest expense, and traditional earnings/digital losses to their related GAAP measures. The reconciliations are provided to give investors the same financial data used internally by management to properly assess the company's underlying performance.
This document provides forward-looking statements and non-GAAP financial information for Monsanto's investor day on November 10, 2005. It includes reconciliations of free cash flow, non-GAAP EPS, and return on capital for fiscal years 2004-2007. The document also notes that references to fiscal years refer to Monsanto's year ending August 31 and lists several of Monsanto's trademarks.
- El Paso Corporation reported financial results for the third quarter of 2006 with EBIT of $359 million compared to a loss of $92 million in the third quarter of 2005.
- The Pipelines segment continued its strong performance with EBIT up 12% from the third quarter of 2005, driven by increased throughput. Exploration and Production also had a solid quarter with production volumes up.
- Significant progress was made on legacy issues, including exiting the domestic power business and downsizing the gas trading book. Debt was also reduced by $3.1 billion through the end of the third quarter.
el paso 02_274Q2006Earnings_FINAL_FINAL_bbfinance49
This document provides an investor update from El Paso Corporation for the fourth quarter and full year 2006. Key highlights include:
- The company reduced gross debt by $2.8 billion in 2006 and had $1 billion year-over-year swing in profits.
- Pipelines segment saw record earnings and a 22% increase in earnings from 2005. E&P segment replaced 108% of production primarily through drilling.
- For full year 2006, the company reported $1.75 billion in EBIT and $475 million in net income.
- The company used $2.5 billion in cash for debt reduction in 2006 and reduced net debt to $14.1 billion at the end of the year.
- Advanced Emissions Solutions reported strong financial results in 2016, with distributions from its Refined Coal business exceeding expectations.
- Net income increased significantly due to higher earnings from equity investments in Refined Coal facilities and a $61 million deferred tax asset valuation allowance release.
- The company continued executing equipment contracts while minimizing costs in its Emissions Control business and growing chemical revenues through technology testing.
El Paso Corporation reported second quarter 2006 diluted EPS from continuing operations of $0.21, which included a $0.02 gain from production hedges. The company achieved $487 million in EBIT and $1.4 billion in cash flow from operations. El Paso reduced gross debt by $3 billion through July 2006 through strong cash flow and asset sales, bringing net debt down to $14.45 billion. The company made continued progress on legacy legal issues while pipelines, exploration and production, and other businesses performed well during the quarter.
Week 9: David rudofsky%27s presentation 051017Talou Diallo
The document provides an agenda for a workshop on understanding and using financial statements. The workshop will cover income statements, cash flow statements, balance sheets, and how to use financial statements to run a business. It will include exercises on profit margin analysis, sensitivity analysis, calculating returns, and benchmarking. The expected outcomes are for participants to improve their ability to interpret financial statements to manage operations and plan growth. The full-day workshop will include presentations, exercises, breaks and a Q&A session.
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
Week 9: David rudofsky%27s presentation 051117 handout (1)Talou Diallo
The document provides an agenda and overview for a workshop on understanding and using financial statements. The workshop aims to improve participants' ability to interpret financial statements to manage operations and plan growth. The agenda covers financial statement basics, using statements to run a business, calculating returns, and funding solutions. It includes reviewing income statements, cash flow statements, balance sheets, and how to project cash needs and evaluate debt vs. equity financing.
- Net revenue for the third quarter of fiscal year 2018 was $649 million, an increase of 12% from the third quarter of the previous fiscal year. Earnings per share excluding special items was $0.73, up 32% from the previous year.
- By end market, communications and data center saw the largest increase in revenue at 31% while computing declined 9% year-over-year. Automotive, industrial, and consumer also experienced growth.
- For the fourth quarter of fiscal year 2018, the company expects revenue between $610-650 million and earnings per share between $0.67-0.73 excluding special items. Automotive, industrial, and communications and data center end markets are expected
The document is an investor presentation for Ultra Clean Holdings, Inc. It discusses the company's strong financial performance in Q1 2017, with record revenue and profitability. It attributes this success to increasing wafer fab equipment spending driven by growth in areas like 3D NAND and 10nm logic. The company expects to continue benefiting from trends of outsourcing accelerating among its OEM customers. It outlines its strategy of expanding critical process capabilities to capture new opportunities in major tool modules. Financial data shows increasing revenue, margins, and profitability on both a GAAP and non-GAAP basis.
- GM reported preliminary first quarter 2007 results with GAAP EPS of $0.11 and adjusted EPS of $0.17.
- Adjusted total automotive results improved $0.3 billion versus Q1 2006 driven by improved results at GMNA, GMLAAM, and GMAP.
- GMAC reported a net loss of $115 million compared to net income of $495 million in Q1 2006 due to continued weakness in its mortgage business.
- The company reported higher year-over-year orders, net sales, operating income, and adjusted EBITDA for the second quarter of 2018. Orders were up 14% and net sales were up 26% compared to the second quarter of 2017.
- The presentation provides financial guidance for 2018, estimating revenue between $1.775 billion to $1.850 billion and adjusted EBITDA between $105 million to $115 million.
- The company discusses strategic priorities around margin expansion, innovation, growth velocity, and localized sourcing to improve financial performance.
The document summarizes Celanese Corporation's 1Q 2006 earnings conference call and webcast scheduled for May 9, 2006. It includes an agenda with the CEO and CFO slated to speak. Financial highlights are provided for Celanese's 1Q 2006 results including net sales growth of 12% and diluted adjusted EPS growth of 16% year-over-year. Guidance for full year 2006 adjusted EPS is given in the range of $2.50 to $2.90 per share. Various non-GAAP financial measures are reconciled to the most comparable GAAP measures.
United Stationers provides reconciliations of non-GAAP financial measures to GAAP measures for the three months and full year ended December 31, 2007 and 2006. For both periods, adjustments were made to gross profit, operating expenses, operating income, and net income per share for non-recurring items like restructuring charges and product marketing programs. The adjustments resulted in higher adjusted operating income and earnings per share compared to reported GAAP figures. For the full year, adjusted earnings per share grew 18% compared to the prior year.
This document summarizes Trinseo's performance in the first quarter of 2016. It notes that Adjusted EBITDA excluding inventory revaluation reached a record $153 million. Full year 2016 guidance for Adjusted EBITDA excluding inventory revaluation is provided as $570-590 million. Additionally, free cash flow for Q1 2016 was $63 million and full year 2016 free cash flow guidance is $290 million excluding changes in working capital. The document also provides an overview of Trinseo's financial performance and guidance for the second quarter of 2016.
Celanese held a conference call to discuss its fourth quarter 2005 earnings. Key highlights included strong underlying business results driven by higher pricing and demand. The company also provided an outlook for 2006, forecasting adjusted EPS between $2.50-$2.90. Significant contributions continue to come from equity and cost investments, which paid $154 million in dividends for full-year 2005, up from $77 million in 2004. Capitalization was also discussed, with net debt of $3.047 billion as of December 31, 2005.
The document discusses Spectra Energy Corp's non-GAAP financial measures that will be discussed in their May 6, 2008 earnings release call. It includes reconciliations of ongoing diluted EPS, ongoing net income, ongoing EBIT, funds from operations, and interest coverage ratio to the most comparable GAAP measures. The non-GAAP measures adjust for special items that management believes are not recurring in order to evaluate underlying operating performance.
The document provides supplemental financial schedules for Occidental Petroleum for 4Q 2008, 4Q 2007, and full year 2008 and 2007. It shows reported net income and core results, with reconciling items between the two. Some key figures:
- 4Q 2008 reported net income was $443 million, core results were $957 million
- 4Q 2007 reported net income was $1,452 million, core results were $1,464 million
- Full year 2008 reported net income was $6,857 million, core results were $7,348 million
- Full year 2007 reported net income was $5,400 million, core results were $4,405 million
El Paso Corporation reported financial and operational results for the first quarter of 2006. Key highlights included:
- EBIT of $888 million, up significantly from $463 million in the first quarter of 2005.
- Pipelines segment EBIT of $478 million, up 16% year-over-year, driven by growth projects and acquisitions.
- Exploration and Production segment EBIT of $199 million, in line with prior year despite lower production volumes impacted by hurricanes.
- $1.3 billion in gross debt reduction year-to-date through asset sales and cash flow. Balance sheet metrics continue to improve.
- 130 Bcf of 2007 production hedged to provide
air products & chemicals fy 08 q2 earningsfinance26
- Air Products reported a 40% increase in quarterly EPS to $1.43 per share and a 38% increase in net income to $314 million for its fiscal second quarter.
- Revenues increased 13% to $2.6 billion due to higher volumes in Tonnage Gases and Electronics and Performance Materials as well as higher pricing in Merchant Gases.
- Based on strong first half performance, Air Products raised its full year EPS guidance to a range of $4.95 to $5.05 per share, representing 18-20% annual growth.
This document provides an investor presentation for Genworth Financial from October 2007. It includes 3 key points:
1) An overview of Genworth's US mortgage insurance portfolio, including limited exposure to high-risk segments like subprime loans and a focus on prime loans.
2) Performance metrics for Genworth's US mortgage insurance business showing strong growth in insurance in force and revenue as well as better than industry average default rates.
3) Commentary on factors supporting continued growth for Genworth's mortgage insurance business in the US including solid household formation, a shift to fixed-rate products, and declining use of simultaneous seconds.
This document provides a financial discussion and analysis of a company's performance in the fourth quarter of 2007 compared to 2006. It discusses revenues, costs, profits and other financial details for the company overall and for its three reporting segments: Consumer Digital Imaging Group, Film Products Group, and Graphic Communications Group. The company saw overall revenue growth of 4% driven by a 15% increase in digital revenues, partially offset by a 15% decline in traditional revenues. Gross profit improved due to cost reductions and increased intellectual property royalties.
This document provides a summary of Sempra Energy's financial performance from 2000-2002. It discusses revenues, costs of sales, operating expenses, other income/expenses, taxes, and net income for the company and its subsidiaries. The California Utilities saw decreased natural gas and electric revenues and costs from 2000-2002 due to commodity price changes. Sempra Energy Global Enterprises saw decreased revenues at some subsidiaries from 2000-2002 but increased revenues and costs at other subsidiaries like Sempra Energy Resources. Net income increased from 2000 to 2002 due to various factors including improved results at subsidiaries, lower interest expenses, and tax benefits.
This document summarizes Baxter International's financial performance for the second quarter and first half of 2007 compared to the same periods in 2006. It shows that net sales increased 7% to $2.8 billion in Q2 2007 and 9% to $5.5 billion for the first half. Gross profit increased 21% in Q2 and 20% for the first half. Net income increased 39% to $431 million in Q2 and 41% to $834 million for the first half. Adjusted earnings figures exclude certain one-time charges.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2005. It discusses key events that affected 2005 results and future years, including agreements to settle litigation, continued development of liquefied natural gas infrastructure, and various acquisitions and sales of power plants. It also summarizes revenues, costs and volumes for natural gas and electric operations at Sempra's California Utilities subsidiaries for 2005, 2004 and 2003. Overall, Sempra reported a small increase in net income for 2005 compared to 2004, driven by higher profits at Sempra Commodities and SDG&E, offset by litigation settlement expenses.
The 2003 annual report summarizes Sempra Energy's performance for the year. [1] Sempra Energy is a Fortune 500 energy services company based in San Diego, California with $7.9 billion in revenues and nearly 13,000 employees worldwide. [2] In 2003, Sempra Energy reported net income of $649 million, up 9.8% from 2002, and earnings per share of $3.03, up 5.6% from the previous year. [3] The report discusses progress made in resolving issues facing the company and outlines continued growth opportunities through projects such as new liquefied natural gas import terminals.
The document provides reconciliations for 14 non-GAAP financial measures referenced on an earnings call to their most directly comparable GAAP measures. It includes reconciliations for projected investable cash flow, digital earnings, revenue growth rates, and other measures to net income, revenue, operating cash flow, and other GAAP line items. The purpose is to give investors the same financial data used internally to assess performance on a year-over-year basis.
- The company reported net revenue of $623 million for the fiscal second quarter of 2018, an increase of 13% from the same quarter last year. Gross margin was 67.6% excluding special items and 65.8% under GAAP. Earnings per share was $0.65 excluding special items and a loss of $0.27 under GAAP.
- For the fiscal third quarter of 2018, the company expects revenue between $620-660 million with gross margin of 66-68% excluding special items. Earnings per share is expected to be $0.66-0.72 excluding special items.
- Key metrics such as free cash flow, capital expenditures, dividends, and share repurchases
Capital Product Partners Fourth Quarter 2008 Earningsearningsreport
Capital Product Partners L.P. reported strong fourth quarter 2008 results with net income of $14.3 million and operating surplus of $17.4 million. They announced a non-recurring exceptional cash distribution of $1.05 per unit, returning profit sharing revenues earned in 2008. Despite a weak shipping market outlook, the company has long-term contracts with reputable counterparties and adequate financial reserves to weather uncertain market conditions.
Week 9: David rudofsky%27s presentation 051117 handout (1)Talou Diallo
The document provides an agenda and overview for a workshop on understanding and using financial statements. The workshop aims to improve participants' ability to interpret financial statements to manage operations and plan growth. The agenda covers financial statement basics, using statements to run a business, calculating returns, and funding solutions. It includes reviewing income statements, cash flow statements, balance sheets, and how to project cash needs and evaluate debt vs. equity financing.
- Net revenue for the third quarter of fiscal year 2018 was $649 million, an increase of 12% from the third quarter of the previous fiscal year. Earnings per share excluding special items was $0.73, up 32% from the previous year.
- By end market, communications and data center saw the largest increase in revenue at 31% while computing declined 9% year-over-year. Automotive, industrial, and consumer also experienced growth.
- For the fourth quarter of fiscal year 2018, the company expects revenue between $610-650 million and earnings per share between $0.67-0.73 excluding special items. Automotive, industrial, and communications and data center end markets are expected
The document is an investor presentation for Ultra Clean Holdings, Inc. It discusses the company's strong financial performance in Q1 2017, with record revenue and profitability. It attributes this success to increasing wafer fab equipment spending driven by growth in areas like 3D NAND and 10nm logic. The company expects to continue benefiting from trends of outsourcing accelerating among its OEM customers. It outlines its strategy of expanding critical process capabilities to capture new opportunities in major tool modules. Financial data shows increasing revenue, margins, and profitability on both a GAAP and non-GAAP basis.
- GM reported preliminary first quarter 2007 results with GAAP EPS of $0.11 and adjusted EPS of $0.17.
- Adjusted total automotive results improved $0.3 billion versus Q1 2006 driven by improved results at GMNA, GMLAAM, and GMAP.
- GMAC reported a net loss of $115 million compared to net income of $495 million in Q1 2006 due to continued weakness in its mortgage business.
- The company reported higher year-over-year orders, net sales, operating income, and adjusted EBITDA for the second quarter of 2018. Orders were up 14% and net sales were up 26% compared to the second quarter of 2017.
- The presentation provides financial guidance for 2018, estimating revenue between $1.775 billion to $1.850 billion and adjusted EBITDA between $105 million to $115 million.
- The company discusses strategic priorities around margin expansion, innovation, growth velocity, and localized sourcing to improve financial performance.
The document summarizes Celanese Corporation's 1Q 2006 earnings conference call and webcast scheduled for May 9, 2006. It includes an agenda with the CEO and CFO slated to speak. Financial highlights are provided for Celanese's 1Q 2006 results including net sales growth of 12% and diluted adjusted EPS growth of 16% year-over-year. Guidance for full year 2006 adjusted EPS is given in the range of $2.50 to $2.90 per share. Various non-GAAP financial measures are reconciled to the most comparable GAAP measures.
United Stationers provides reconciliations of non-GAAP financial measures to GAAP measures for the three months and full year ended December 31, 2007 and 2006. For both periods, adjustments were made to gross profit, operating expenses, operating income, and net income per share for non-recurring items like restructuring charges and product marketing programs. The adjustments resulted in higher adjusted operating income and earnings per share compared to reported GAAP figures. For the full year, adjusted earnings per share grew 18% compared to the prior year.
This document summarizes Trinseo's performance in the first quarter of 2016. It notes that Adjusted EBITDA excluding inventory revaluation reached a record $153 million. Full year 2016 guidance for Adjusted EBITDA excluding inventory revaluation is provided as $570-590 million. Additionally, free cash flow for Q1 2016 was $63 million and full year 2016 free cash flow guidance is $290 million excluding changes in working capital. The document also provides an overview of Trinseo's financial performance and guidance for the second quarter of 2016.
Celanese held a conference call to discuss its fourth quarter 2005 earnings. Key highlights included strong underlying business results driven by higher pricing and demand. The company also provided an outlook for 2006, forecasting adjusted EPS between $2.50-$2.90. Significant contributions continue to come from equity and cost investments, which paid $154 million in dividends for full-year 2005, up from $77 million in 2004. Capitalization was also discussed, with net debt of $3.047 billion as of December 31, 2005.
The document discusses Spectra Energy Corp's non-GAAP financial measures that will be discussed in their May 6, 2008 earnings release call. It includes reconciliations of ongoing diluted EPS, ongoing net income, ongoing EBIT, funds from operations, and interest coverage ratio to the most comparable GAAP measures. The non-GAAP measures adjust for special items that management believes are not recurring in order to evaluate underlying operating performance.
The document provides supplemental financial schedules for Occidental Petroleum for 4Q 2008, 4Q 2007, and full year 2008 and 2007. It shows reported net income and core results, with reconciling items between the two. Some key figures:
- 4Q 2008 reported net income was $443 million, core results were $957 million
- 4Q 2007 reported net income was $1,452 million, core results were $1,464 million
- Full year 2008 reported net income was $6,857 million, core results were $7,348 million
- Full year 2007 reported net income was $5,400 million, core results were $4,405 million
El Paso Corporation reported financial and operational results for the first quarter of 2006. Key highlights included:
- EBIT of $888 million, up significantly from $463 million in the first quarter of 2005.
- Pipelines segment EBIT of $478 million, up 16% year-over-year, driven by growth projects and acquisitions.
- Exploration and Production segment EBIT of $199 million, in line with prior year despite lower production volumes impacted by hurricanes.
- $1.3 billion in gross debt reduction year-to-date through asset sales and cash flow. Balance sheet metrics continue to improve.
- 130 Bcf of 2007 production hedged to provide
air products & chemicals fy 08 q2 earningsfinance26
- Air Products reported a 40% increase in quarterly EPS to $1.43 per share and a 38% increase in net income to $314 million for its fiscal second quarter.
- Revenues increased 13% to $2.6 billion due to higher volumes in Tonnage Gases and Electronics and Performance Materials as well as higher pricing in Merchant Gases.
- Based on strong first half performance, Air Products raised its full year EPS guidance to a range of $4.95 to $5.05 per share, representing 18-20% annual growth.
This document provides an investor presentation for Genworth Financial from October 2007. It includes 3 key points:
1) An overview of Genworth's US mortgage insurance portfolio, including limited exposure to high-risk segments like subprime loans and a focus on prime loans.
2) Performance metrics for Genworth's US mortgage insurance business showing strong growth in insurance in force and revenue as well as better than industry average default rates.
3) Commentary on factors supporting continued growth for Genworth's mortgage insurance business in the US including solid household formation, a shift to fixed-rate products, and declining use of simultaneous seconds.
This document provides a financial discussion and analysis of a company's performance in the fourth quarter of 2007 compared to 2006. It discusses revenues, costs, profits and other financial details for the company overall and for its three reporting segments: Consumer Digital Imaging Group, Film Products Group, and Graphic Communications Group. The company saw overall revenue growth of 4% driven by a 15% increase in digital revenues, partially offset by a 15% decline in traditional revenues. Gross profit improved due to cost reductions and increased intellectual property royalties.
This document provides a summary of Sempra Energy's financial performance from 2000-2002. It discusses revenues, costs of sales, operating expenses, other income/expenses, taxes, and net income for the company and its subsidiaries. The California Utilities saw decreased natural gas and electric revenues and costs from 2000-2002 due to commodity price changes. Sempra Energy Global Enterprises saw decreased revenues at some subsidiaries from 2000-2002 but increased revenues and costs at other subsidiaries like Sempra Energy Resources. Net income increased from 2000 to 2002 due to various factors including improved results at subsidiaries, lower interest expenses, and tax benefits.
This document summarizes Baxter International's financial performance for the second quarter and first half of 2007 compared to the same periods in 2006. It shows that net sales increased 7% to $2.8 billion in Q2 2007 and 9% to $5.5 billion for the first half. Gross profit increased 21% in Q2 and 20% for the first half. Net income increased 39% to $431 million in Q2 and 41% to $834 million for the first half. Adjusted earnings figures exclude certain one-time charges.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2005. It discusses key events that affected 2005 results and future years, including agreements to settle litigation, continued development of liquefied natural gas infrastructure, and various acquisitions and sales of power plants. It also summarizes revenues, costs and volumes for natural gas and electric operations at Sempra's California Utilities subsidiaries for 2005, 2004 and 2003. Overall, Sempra reported a small increase in net income for 2005 compared to 2004, driven by higher profits at Sempra Commodities and SDG&E, offset by litigation settlement expenses.
The 2003 annual report summarizes Sempra Energy's performance for the year. [1] Sempra Energy is a Fortune 500 energy services company based in San Diego, California with $7.9 billion in revenues and nearly 13,000 employees worldwide. [2] In 2003, Sempra Energy reported net income of $649 million, up 9.8% from 2002, and earnings per share of $3.03, up 5.6% from the previous year. [3] The report discusses progress made in resolving issues facing the company and outlines continued growth opportunities through projects such as new liquefied natural gas import terminals.
The document provides reconciliations for 14 non-GAAP financial measures referenced on an earnings call to their most directly comparable GAAP measures. It includes reconciliations for projected investable cash flow, digital earnings, revenue growth rates, and other measures to net income, revenue, operating cash flow, and other GAAP line items. The purpose is to give investors the same financial data used internally to assess performance on a year-over-year basis.
- The company reported net revenue of $623 million for the fiscal second quarter of 2018, an increase of 13% from the same quarter last year. Gross margin was 67.6% excluding special items and 65.8% under GAAP. Earnings per share was $0.65 excluding special items and a loss of $0.27 under GAAP.
- For the fiscal third quarter of 2018, the company expects revenue between $620-660 million with gross margin of 66-68% excluding special items. Earnings per share is expected to be $0.66-0.72 excluding special items.
- Key metrics such as free cash flow, capital expenditures, dividends, and share repurchases
Capital Product Partners Fourth Quarter 2008 Earningsearningsreport
Capital Product Partners L.P. reported strong fourth quarter 2008 results with net income of $14.3 million and operating surplus of $17.4 million. They announced a non-recurring exceptional cash distribution of $1.05 per unit, returning profit sharing revenues earned in 2008. Despite a weak shipping market outlook, the company has long-term contracts with reputable counterparties and adequate financial reserves to weather uncertain market conditions.
- The company reported net revenue of $576 million for the first quarter of fiscal year 2018, gross margin of 66.9% excluding special items, and earnings per share of $0.60 excluding special items.
- For the second quarter of fiscal year 2018, the company expects revenue between $600-640 million, gross margin between 66-68% excluding special items, and earnings per share between $0.61-0.67 excluding special items.
- Over the last twelve months, the company generated $819 million in free cash flow, representing 35% of revenue, and returned $177 million to shareholders in the form of dividends and stock repurchases.
- Net revenue for the first quarter of fiscal year 2018 was $576 million, a 3% increase from the previous year's first quarter. Earnings per share excluding special items was $0.60, a 24% increase.
- Trailing twelve months free cash flow was $819 million, representing 35% of trailing twelve month revenue.
- Guidance for the second quarter of fiscal year 2018 estimates revenue of $600-640 million and earnings per share excluding special items of $0.61-0.67.
Dover Corporation reported a 16% increase in EPS to $0.88 for Q3 2007 compared to $0.76 for Q3 2006. Revenue increased 15% to $1.84 billion. For the first nine months of 2007, EPS increased 11% to $2.36 while revenue increased 15% to $5.37 billion. The company achieved organic growth of 3.3% and acquisition growth of 9.6% in Q3. Looking ahead, Dover expects continued solid business in Q4 but with moderating growth and restructuring charges of $0.02-0.03 per share.
The document summarizes financial information for Qwest Communications International Inc. for the three months and full year ended December 31, 2006 and 2005. It provides key metrics such as operating revenue, costs, segment income, EBITDA, cash flows, debt levels, and operating margins. Non-GAAP financial measures are reconciled to GAAP measures and footnotes explain how the non-GAAP measures are useful for evaluating the capital-intensive business.
- In the first quarter of fiscal year 2017, the company reported net revenue of $561 million, gross margin of 64.0% excluding special items, and earnings per share of $0.48 excluding special items.
- The company returned $151 million to shareholders in the quarter through $94 million in dividends and $58 million in stock repurchases.
- For the second quarter of fiscal year 2017, the company expects revenue between $520-560 million and earnings per share between $0.40-0.46 excluding special items.
Comair reported a 3% increase in attributable profit to R33 million for the first half of the fiscal year, with earnings per share rising to 8.1 cents. Revenue declined due to lower ticket prices from decreased fuel costs, though passenger volumes held steady. The company maintained a strong cash position of R253 million and continued investing in its affiliated businesses. Looking ahead, Comair expects demand to follow signs of economic recovery overseas and recently ordered new aircraft to improve efficiency.
P&LAdoreU Children Fashion Ltd STATEMENTS OF COMPREHENSIVE INCOMEF.docxkarlhennesey
P&LAdoreU Children Fashion Ltd STATEMENTS OF COMPREHENSIVE INCOMEFor the year ended 31 Dec 2018Unaudited 31-Dec-1831-Dec-17Notes $’000 $’000Revenue 2238,537100.0%240,902100.0%Cost of goods sold -115,901-48.6%-120,120-49.9%- 2.20- 2.07Inventory turnover Gross profit122,63651.4%120,78250.1%Other operating income231173Expenses 3Selling expenses-108,223-45.4%-109,016-45.3%Finance expenses -4,011-1.7%-3,352-1.4%0.853.23Interests coverage ratioAdministrative and general expenses-18,056-7.6%-22,778-9.5%Loss from continuing operations before income tax-7,423-3.1%-14,191-5.9%Income tax (expense)/credit -1,6562,579Net loss from continuing operations -9,079-11,612Profit from discontinuing operations (net of tax)0-117Loss for the year -9,079-11,495Other comprehensive lossItems that may be reclassified subsequently to loss:Exchange differences on translation of foreign operations 2,093-59Net movement on cash flow hedges 1,818-4,128Income tax relating to components of othercomprehensive income -5091,157Other comprehensive income/(loss) for the year3,402-3030Total comprehensive loss for the year, net of tax -5,677-14,525Total comprehensive loss for the year isattributable to equity holders-5,677-14,525
Balance SheetBALANCE SHEETS
As at 31 December 201812/31/1812/31/1712/31/16Notes$’000$’000$’000ASSETS
Current assetsCash and cash equivalents1,8701,0773,6790.213280.584600.32539Quick ratio Trade and other receivables713,45816,84514,957Derivative financial instruments5,8081,0098,348Inventories841,23064,31851,957Current tax receivables1,016--Total current assets63,38283,24978,9410.88192241332.71549727631.3783283572Current ratioNon-current assetsProperty, plant and equipment1028,42032,43640,113Intangible assets112,8035,7569,690Non-current tax receivables3,5673,4752,958Derivative financial instruments-278614Deferred tax assets5,5507,9323,563Total non-current assets40,34049,87756,938Total assets103,722133,126135,879LIABILITIES
Current liabilitiesTrade and other payables1225,45127,30524,608Interest bearing liabilities41,000-25,000Lease Provisions131,210356662Derivative financial instruments2,9681,1125,509Other Provisions1,2391,8841,494Total current liabilities71,86830,65757,273Non-current liabilitiesInterest bearing liabilities-66,00027,000Lease Provisions13518488512Deferred landlord contributions2,1052,1022,971Derivative financial instruments1,0547457Total non-current liabilities3,67768,66430,540Total liabilities75,54599,32187,8131.27302293451.6740152703Debt/equityNet assets28,17733,80548,066EQUITY
Share capital1559,34359,33159,147Reserves3,006- 4333,734Retained earnings / (deficit)- 34,172- 25,093- 14,815Total equity28,17733,80548,066
EquitySTATEMENTS OF CHANGES IN EQUITYFor the year ended 31 December 2018ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANYShare capital Reserves Treasury stock Retained deficit Total equity $’000 $’000 $’000 $’000Balance at 1 January 2017 Note59,4153,734- 268- 14,81548,066Comprehensive income- 0- 0- 11,495- 11,4 ...
The document discusses valuation and exit strategies for family enterprises. It outlines the importance of having an exit strategy when owning a business. The presentation then covers various exit alternatives, including retaining ownership, selling the business, going public, or forming an income trust. It also discusses potential purchasers such as management, financial buyers, or strategic buyers. Additional sections provide details on management buyouts, financial and strategic buyers, preparing the company for sale, business valuation methods, and a case study example.
Danaher Corporation announced record results for the second quarter and first half of 2005. Net earnings for the second quarter increased 25.5% compared to 2004, and sales increased 19%. For the first six months, net earnings increased 27.5% and sales increased 19%. The company's president stated that growth from existing businesses accounted for 5.5% sales growth in the quarter and that the company saw broad-based strength across its businesses.
el paso 02_274Q2006Earnings_FINAL_FINAL_bbfinance49
This document provides an investor update from El Paso Corporation for the fourth quarter and full year 2006. Key highlights include:
- The company reduced gross debt by $2.8 billion in 2006 and had a $1 billion year-over-year swing in profits.
- Pipelines saw a 22% increase in earnings from 2005 and set a record. Exploration and production replaced 108% of production.
- For the fourth quarter, earnings were adjusted upwards by $122 million due to an alliance capacity buyout.
- For the full year, earnings were adjusted upwards by $122 million due to the buyout but adjusted downwards by $159 million due to income tax settlements and $172 million due to production hed
Danaher Corporation announced record financial results for the third quarter and first nine months of 2006. Net earnings increased 17% for the quarter and 24% year-to-date compared to the same periods in 2005. Sales also increased substantially both for the quarter (24% higher) and year-to-date (21% higher). The CEO stated that core revenue growth remained strong and they expect to continue delivering positive results for the remainder of the year based on the strength of their businesses.
- Ameriprise Financial reported a 14% increase in net income for Q1 2007 to $165 million compared to Q1 2006. Adjusted earnings, which exclude non-recurring separation costs, increased 16% to $220 million.
- Revenues grew 6% to $2.1 billion, driven by 11% growth in management fees and 14% growth in distribution fees. However, net investment income declined 10% due to lower balances in annuity fixed accounts and certificates.
- Earnings growth was achieved through a strategic shift toward fee-based products and greater advisor productivity, though this was partially offset by declines in spread income from annuity and certificate businesses.
- Net revenue for the third quarter of fiscal year 2018 was $649 million, an increase of 12% from the third quarter of the previous fiscal year. Earnings per share excluding special items was $0.73, up 32% from the previous year.
- By end market, communications and data center saw the largest increase in revenue at 31% while computing declined 9% year-over-year.
- For the fourth quarter of fiscal year 2018, the company expects revenue between $610-650 million and earnings per share between $0.67-0.73, excluding special items.
Phoenix Technologies held a Q1 earnings call on January 27, 2009 with Woody Hobbs, President and CEO, and Rich Arnold, COO and CFO. The document includes a safe harbor statement regarding forward-looking statements and discusses Q1 2009 financial results, including GAAP to non-GAAP reconciliations. It provides financial data for the quarters ending December 31, 2008, September 30, 2008 and December 31, 2007.
Flextronics International Ltd. earning presentationinvestorrelation
- The company reported financial results for the fourth quarter and fiscal year ended March 31, 2009
- Net sales decreased 28% quarter-over-quarter and 30% year-over-year due to weak demand across all markets
- Gross margin declined to 4.2% from 6.2% due to lower sales and restructuring charges of $128.8 million
- The company announced a restructuring plan to reduce costs through lower depreciation and employee expenses with expected annual savings of $230-260 million to be realized within 2-3 quarters
The document summarizes various accounting manipulations and financial irregularities at Satyam Computers including overstating assets and revenues, understating liabilities, and misreporting profits. Specifically, it finds that Satyam overstated assets by Rs. 5,000-6,000 crore through non-existent cash balances, accrued interest, and underreported liabilities. It also details how Satyam misreported a net profit of Rs. 649 crore for Q2 when the actual operating profit was only Rs. 61 crore.
This document provides the key impacts of adopting IFRS accounting standards and CTEEP's 3Q11 financial results. It discusses how the transition to IFRS affected CTEEP's balance sheet, income statement, and cash flow statement. Specifically, it shows the effects of IFRS adoption on assets, liabilities, revenues, expenses, and cash flows. It also announces that CTEEP's allowed annual revenue for the 2011/2012 cycle will increase 14.1% to R$2,008.3 million according to a resolution by ANEEL, Brazil's electric energy regulator.
This document summarizes Quanta Services, a leading infrastructure services provider, over multiple years. It highlights Quanta's growth in revenues from $526 million in 2015 to an estimated $892 million in 2019. Adjusted EBITDA margins have also increased from 6.9% in 2015 to an estimated 7.8% in 2019. Free cash flow has grown but working capital needs have also increased due to overall revenue growth. The document also outlines Quanta's diversified customer base and end markets, including opportunities from trends like 5G deployment and electric grid modernization.
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ending December 31, 1999. It provides information on EchoStar's business operations, legal proceedings, risks to its business, financial statements and other required disclosures. EchoStar operates a direct broadcast satellite subscription television service in the United States called DISH Network, which had approximately 3.4 million subscribers as of December 31, 1999. It also provides digital set-top boxes and other equipment to international direct-to-home service providers.
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ended December 31, 2000 filed with the Securities and Exchange Commission. It summarizes EchoStar's business operations, including its DISH Network direct broadcast satellite television service, technologies division, and satellite services business unit. It provides an overview of the components and technology behind EchoStar's DISH Network service, including its programming offerings, equipment requirements, and conditional access system for encryption/security. Financial data and other required disclosures are also included as required by the SEC.
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ending December 31, 2001 filed with the SEC. It provides an overview of EchoStar's businesses, including its DISH Network direct broadcast satellite television service and EchoStar Technologies equipment sales. It summarizes EchoStar's proposed merger with Hughes Electronics Corporation, which is subject to various regulatory approvals and conditions, including IRS and shareholder approval. If completed, the merger would create a new public company providing satellite TV services and technologies globally.
This document is EchoStar Communications Corporation's annual report on Form 10-K for the fiscal year ending December 31, 2002 filed with the SEC. It provides an overview of EchoStar's business including its DISH Network direct broadcast satellite television service and EchoStar Technologies equipment manufacturing business. It discusses EchoStar's programming packages, sales and marketing strategies, satellite fleet, technology, competition, regulation, legal proceedings, and financial results.
EchoStar Communications Corporation experienced significant growth in 2003, crossing the 9 million subscriber milestone for its DISH Network satellite television service. The company launched its ninth satellite and released several new receiver products, including those supporting high-definition television and digital video recording. Financially, EchoStar achieved $5.7 billion in revenue and $225 million in earnings, while reducing debt through bond issuances and retirements. Going forward, the company plans to continue expanding its offerings in areas like international programming and high-definition television.
- DISH Network added 1.48 million subscribers in 2004, surpassing 10 million subscribers in June 2004 and finishing the year with 10.9 million subscribers.
- DISH Network generated $7.15 billion in revenue in 2004, with earnings of $215 million and $21 million in free cash flow.
- DISH Network continues to focus on growing its subscriber base and developing additional services, and expects to launch its 10th satellite in early 2006 to increase channel offerings and capacity.
- DISH Network celebrated its 10th anniversary in 2005 and reported over $8.4 billion in revenue for the year, serving over 12 million customers.
- The company increased its net subscriber base by over 1.1 million customers in 2005 and remains the clear leader in international programming.
- Looking forward, the company plans to leverage its position as an HD leader by offering local HD channels in up to 30 markets by the end of the year using its new EchoStar X satellite.
dish network 2007 Notice and Proxy Statementfinance24
- The document is a letter from the Chairman and CEO of EchoStar Communications Corporation inviting shareholders to attend EchoStar's 2007 Annual Meeting of Shareholders on May 8, 2007.
- It provides details on the location, time, and agenda items to be voted on at the meeting, including the election of 10 directors and the ratification of the appointment of KPMG LLP as the independent auditor.
- Shareholders are encouraged to vote by proxy whether attending the meeting or not to ensure their votes are counted, and they are thanked for their support and interest in EchoStar.
Danaher Corporation reported quarterly and annual sales and operating margin data for its Tools and Controls segments for an unaudited period. The Tools segment saw annual sales of $1.16 billion while the Controls segment generated $2.62 billion in annual sales. On an annual basis before restructuring, operating margins were 13.49% for Tools and 16.54% for Controls. After restructuring, the annual operating margin fell to 11.31% for Tools and 14.85% for Controls.
Danaher Corporation reported its fourth quarter and full year 2001 results. For the fourth quarter, net earnings excluding restructuring charges were $76.6 million compared to $87.8 million in 2000. Full year 2001 net earnings excluding restructuring charges were $341.2 million, a 5% increase over 2000. However, Danaher recorded a $69.7 million restructuring charge in the fourth quarter related to manufacturing facility consolidations. For the full year, net earnings including restructuring charges were $297.7 million. Despite difficult economic conditions, Danaher was able to grow earnings in 2001 through aggressive cost reductions and restructuring actions.
Danaher Corporation announced its third quarter 2001 results, reporting a 5% increase in net income to $87.7 million compared to $83.6 million in third quarter 2000. Third quarter sales were down 8.6% to $901.6 million due to weakness in the industrial economy. For the first nine months of 2001, net earnings increased 12% to $264.6 million on 4% higher sales of $2.86 billion compared to the same period in 2000. The CEO stated that aggressive cost control allowed for earnings growth despite softness in the economy and that Danaher will maintain a strict cost focus while economic conditions remain uncertain.
Danaher Corporation announced its second quarter 2001 results, with record net earnings of $94.2 million, up 16% from the previous year. Revenue was also up 7% to $956.6 million. For the six month period, net earnings reached a record $176.8 million, up 16% and revenue was up 11.5% to $1.962 billion. While sales growth was strong, a slowing domestic economy negatively impacted some product lines, leading to a 4.5% decline in core sales volume. However, aggressive cost cutting measures helped boost earnings per share by 12.5% for the quarter.
Danaher Corporation announced record results for the first quarter of 2001 with net earnings of $82.6 million, a 15% increase over the same period in 2000. Diluted earnings per share were $0.56, up 14% from 2000. Sales increased 16% to $1,005.3 million due to acquisitions. While core volume declined in the tools and components segment due to a weak domestic economy, cost containment measures helped drive record operating profit. The company expects continued outperformance in 2001 despite economic uncertainty.
- Danaher Corporation reported record results for the fourth quarter and full year 2002, with net earnings of $161.7 million and $290.4 million respectively.
- Fourth quarter sales increased 39% to $1.275 billion compared to $918.9 million in 2001. Full year sales grew 21% to $4.577 billion.
- The strong results were driven by acquisitions and 3.5% core volume growth, although the tools and components segment declined slightly.
Danaher Corporation announced its third quarter 2002 results, reporting a 32% increase in net earnings to $116.0 million compared to third quarter 2001. Diluted earnings per share increased 25% year-over-year to $0.74. Total sales for the quarter grew 28% to $1,151.7 million, driven primarily by acquisitions completed in the first quarter of 2002. For the first nine months of 2002, net earnings were $128.7 million which included a $173.8 million one-time non-cash charge related to goodwill impairment. Excluding this charge, nine month net earnings were up 14% to $302.4 million compared to the same period in 2001.
Danaher Corporation announced its second quarter 2002 results, with net earnings of $103.7 million, a 10% increase over the second quarter of 2001. Earnings per share increased 5% to $0.66. Sales for the quarter increased 20% to $1.146 billion due primarily to recent acquisitions. For the first six months of 2002, net earnings were $12.7 million after a one-time $173.8 million goodwill impairment charge, but were up 5% excluding this charge at $186.4 million, with sales up 10% to $2.15 billion. The CEO stated they were pleased with the results and optimistic about continued improvement for the rest of the year.
Danaher Corporation announced its first quarter 2022 results. Net earnings were $82.7 million, comparable to the previous year's results. However, after adopting a new accounting standard that eliminated goodwill amortization, earnings per share fell 14% compared to the previous year. The company also recorded a $173.8 million charge related to goodwill impairment in some business units. Total sales were relatively flat at $1,004.2 million. The CEO commented that while core volumes declined 15% due to economic challenges, the company has seen signs of stability in revenues and gives a more positive outlook for the rest of the year.
Danaher Corporation reported record results for the fourth quarter and full year 2003. Net earnings for Q4 2003 were $169.9 million, or $1.06 per share, compared to $161.7 million, or $1.03 per share for Q4 2002. For the full year, net earnings were $536.8 million or $3.37 per share compared to $290.4 million or $1.88 per share for 2002. Sales increased 17% in Q4 2003 to $1.49 billion and grew 16% for the full year to $5.29 billion. The company experienced strong growth in both its process/environmental controls and tools/components segments.
This document from Danaher Corporation provides supplemental financial information including free cash flow and debt ratios for quarters ending in March, June, and September 2003 as well as year-to-date figures. Free cash flow is defined as operating cash flow minus capital expenditures and is a measure of available cash. Debt ratios including debt-to-total capital and net debt-to-total capital are also provided to show Danaher's leverage over time. Management believes these metrics provide useful information to investors and help determine borrowing capacity.
Danaher Corporation announced record third quarter results for 2003, with net earnings of $138.6 million, a 19% increase over the previous year. Diluted earnings per share were $0.87, an increase of 18% from 2002. Sales increased 14% to $1.309 billion. For the first nine months of 2003, net earnings were $366.9 million, a 21% increase over the previous year. The company's CEO stated that they achieved strong earnings growth despite a challenging economy, and that organic growth remains a priority along with cost reductions to fund growth opportunities.
"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.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
1. Danaher Corporation
Summary of Selling, General and Administrative Costs (SG&A)
and Operating Profit Excluding the Impact of Special Credits
31-Dec-03
(in $ 000's)
(Unaudited)
Quarter Ended Year Ended
31-Dec-03 31-Dec-02 31-Dec-03 31-Dec-02
Total Company:
Total Company Revenue 1,488,778 1,274,978 5,293,876 4,577,232
SG&A Before Special Credits 364,670 305,872 1,316,357 1,097,365
Special Credits:
(Gain) Loss on Sales of Real Estate 83 (952) (785) (6,157)
SG&A as Reported under GAAP 364,753 304,920 1,315,572 1,091,208
SG&A Before Special Credits as a % of Revenue 24.5% 24.0% 24.9% 24.0%
SG&A as Reported under GAAP as a % of Revenue 24.5% 23.9% 24.9% 23.8%
Operating Profit Before Special Credits 239,609 199,671 822,710 688,692
Special Credits:
Gain (Loss) on Sales of Real Estate (83) 952 785 6,157
Adjustment of Restructuring Accruals - 6,273 - 6,273
Pension Curtailment Gain 22,500 - 22,500 -
Operating Profit as Reported under GAAP 262,026 206,896 845,995 701,122
Operating Profit Before Special Credits as a % of Revenue 16.1% 15.7% 15.5% 15.0%
Operating Profit as Reported under GAAP as a % of Revenue 17.6% 16.2% 16.0% 15.3%
Process/Environmental Controls Segment:
Segment Revenue 1,149,957 967,176 4,096,686 3,385,154
Operating Profit Before Special Credits 199,469 157,196 674,333 529,595
Special Credits:
Gain (Loss) on Sales of Real Estate (83) 952 10 6,157
Adjustment of Restructuring Accruals - 4,705 - 4,705
Operating Profit as Reported under GAAP 199,386 162,853 674,343 540,457
Operating Profit Before Special Credits as a % of Revenue 17.3% 16.3% 16.5% 15.6%
Operating Profit as Reported under GAAP as a % of Revenue 17.3% 16.8% 16.5% 16.0%
Tools and Components Segment:
Segment Revenue 338,821 307,802 1,197,190 1,192,078
Operating Profit Before Special Credits 47,017 47,837 173,046 179,791
Special Credits:
Gain (Loss) on Sales of Real Estate - - 775 -
Adjustment of Restructuring Accruals - 1,568 - 1,568
Operating Profit as Reported under GAAP 47,017 49,405 173,821 181,359
Operating Profit Before Special Credits as a % of Revenue 13.9% 15.5% 14.5% 15.1%
Operating Profit as Reported under GAAP as a % of Revenue 13.9% 16.1% 14.5% 15.2%
Note: The Company believes the above measures of SG&A and Operating Profit before the effect of special credits give the
reader of the financial statements additional information about the cost structure of the business and results of operations
without the benefit from these non-recurring items. The reader should also evaluate the Company's performance as reported
under traditional measures presented under Generally Accepted Accounting Principals (GAAP) including operating profit and
net income.
2. Danaher Corporation
Supplemental Financial Information
31-Dec-03
Quarter Ended Quarter Ended Quarter Ended Quarter Ended
Free Cash Flows ($ in 000's): Year Ended Year Ended
28-Mar-03 29-Mar-02 27-Jun-03 28-Jun-02 26-Sep-03 27-Sep-02 31-Dec-03 31-Dec-02 31-Dec-03 31-Dec-02 31-Dec-01 31-Dec-00
Operating Cash Flows $ 214,336 $ 263,247 $ 234,912 $ 130,199 $ 170,111 $ 171,983 $ 242,185 $ 144,918 $ 861,544 $ 710,347 $ 608,471 $ 512,245
Payments for Property, Plant &
Equipment (Capital Expenditures) $ (15,617) $ (12,923) $ (22,004) $ (15,318) $ (16,439) $ (16,712) $ (26,283) $ (20,477) $ (80,343) $ (65,430) (84,457) (103,718)
Free Cash Flow $ 198,719 $ 250,324 $ 212,908 $ 114,881 $ 153,672 $ 155,271 $ 215,902 $ 124,441 $ 781,201 $ 644,917 $ 524,014 $ 408,527
NOTE: Free cash flow is defined as operating cash flow less purchases of Ratio of Free Cash Flow to Net Earnings:
property, plant and equipment. Management believes that free cash flow
provides useful information to investors regarding the Company's ability to Free Cash Flow from Above $ 781,201
generate cash without external financings. Management uses free cash flow to
help gauge the resources available for strategic opportunities such as making Net Earnings 536,834
acquisitions, investing in the business and strengthening the Company's
balance sheet, and uses this measure in making operating decisions, allocating Free Cash Flow to Net Earnings 146%
financial resources and for budget planning purposes. Free cash flow does not,
however, take into account the Company's debt service requirements and other
non-discretionary expenditures and therefore is not necessarily indicative of
amounts of cash that may be available for discretionary uses. Free cash flow
should be considered in addition to, and not in lieu of, cash flow from
operations, net earnings and other measures of financial performance prepared
in accordance with GAAP.
3. Danaher Corporation
Supplemental Financial Information
31-Dec-03
Pro forma Pro Forma 12-
Adjustmemt to 31-2003
Reflect Adjusted for the
Purchase of Purchase of
Debt to Total Capital and Net Debt Radiometer and Radiometer and
Gendex (A) Gendex
to Total Capital Ratios ($ in 000's): Actual Balance As Of:
31-Dec-03 31-Dec-02
Notes Payable and Current Portion of
Long-term Debt $ 14,385 $ 112,542 $ - $ 14,385
Long-term Debt 1,284,498 1,197,422 - $ 1,284,498
Total debt 1,298,883 1,309,964 - $ 1,298,883
Total Stockholders' Equity 3,646,709 3,009,599 - $ 3,646,709
Total Capital $ 4,945,592 $ 4,319,563 $ - $ 4,945,592
Debt to Total Capital Ratio 26.3% 30.3% 26.3%
Total Debt $ 1,298,883 $ 1,309,964 $ - $ 1,298,883
Less: Cash and Cash Equivalents (1,230,156) (810,463) 875,000 $ (355,156)
Net Debt 68,727 499,501 - $ 943,727
Total Capital $ 4,945,592 $ 4,319,563 $ - $ 4,945,592
Net Debt to Total Capital Ratio 1.4% 11.6% 19.1%
NOTE: Debt to Total Capital is defined as the ratio of Total Debt (including notes
payable, current portion of long-term debt and long-term debt) to Total Capital
(the sum of Total Debt and Stockholders’ Equity). Net Debt to Total Capital is
defined as the ratio of Total Debt less Cash and Cash Equivalents to Total
Capital. Management believes these ratios provide useful information to
investors regarding the Company's debt leverage in relation to the size of its
available capital base and existing cash resources. Management uses these
ratios to evaluate the Company’s leverage over time to help determine the ability
of the Company to access additional borrowing capacity. These ratios do not
however necessarily indicate the ability of the Company to satisfy the debt
service requirements in existing or future debt agreements. These ratios should
be considered in addition to, and not in lieu of, other measures of liquidity
including working capital prepared in accordance with GAAP.
(A) Reflects the use subsequent to December 31, 2003 of approximately $875 million for the purchase of Radiometer Medical
S/A and the purchase of the assets and certain liabilities of the Gendex division of Dentsply.
4. DANAHER CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INCOME STATEMENT DATA
(in thousands, except per share amounts)
Quarter Ended Year Ended
12/31/03 12/31/02 12/31/03 12/31/02
Net earnings before unusual items $ 155,377 $ 124,443 $ 521,675 $ 426,061
Pension curtailment gain, net of tax 14,625 -- 14,625 --
Gains (losses) on sale of real estate, net of tax (56) 609 534 3,940
Effect of lower tax rate on prior quarters (A) -- 2,520 -- --
After-tax impact of restructuring charge -- 4,140 -- 4,140
Reduction of tax reserves related to previously
discontinued operation -- 30,000 -- 30,000
Effect of accounting change, net of tax, SFAS 142 -- -- -- (173,750)
Net earnings $ 169,946 $ 161,712 $ 536,834 $ 290,391
Diluted net earnings per share before unusual items $0.97 $0.79 $3.28 $2.74
Pension curtailment gain, net of tax 0.09 -- 0.09 --
Gains on sale of real estate, net of tax -- -- -- 0.02
Effect of lower tax rate on prior quarters (A) -- 0.02 -- --
After-tax impact of restructuring charge -- 0.03 -- 0.03
Reduction of tax reserves related to previously
discontinued operation -- 0.19 -- 0.19
Effect of accounting change, net of tax, SFAS 142 -- -- -- (1.10)
Diluted net earnings per share $1.06 $1.03 $3.37 $1.88
(A) Represents the effect on the fourth quarter of 2002 of lowering the full year effective income tax
rate to 34% from 34.5% used during the first three quarters of 2002.
This reconciliation is presented to quantify the financial impact of unusual items on net
earnings and net earnings per share. Since these unusual items have the impact of increasing reported
net earnings (with the exception of the change in accounting principle), we believe it is important to
quantify the impact these items have on reported results to enable the reader a better understanding of
the earnings trends excluding these items. These measures should be read in combination with the
overall financial results presented in the Statement of Earnings for the periods presented.