KB Home filed a Form 12b-25 notification that its Form 10-Q for the quarter ending August 31, 2006 would be delayed. The delay was due to an internal review of historical stock option grants, which had preliminarily found that certain grants' actual measurement dates differed from recorded dates, potentially requiring additional non-cash charges. KB Home anticipated significant changes in its quarterly and year-to-date results compared to the prior year, including lower net income and housing gross margins, due to inventory and land impairments. The delayed 10-Q filing could also result in defaults under KB Home's debt agreements.
This document is an amendment to a previously filed 10-K form submitted by Duke Energy Holding Corp. to the SEC on March 22, 2007. It includes additional audited financial statements for DCP Midstream, LLC (formerly Duke Energy Field Services, LLC) as required by Rule 3-09 of Regulation S-X. The amendment provides DCP Midstream's balance sheets, statements of operations and comprehensive income, cash flows, and notes to the financial statements. It also includes signatures from Duke Energy executives and consent from an independent auditor.
The Goodyear Tire & Rubber Company filed a Form 12b-25 notification of late filing for its quarterly report on Form 10-Q for the period ending March 31, 2004. Goodyear had previously filed a 12b-25 for its 2003 Form 10-K and does not expect to file the 10-Q within the 5 day extension period. Goodyear expects to file the 10-Q by mid-June and will need to discuss extending filing deadlines with lenders to avoid potential defaults under its credit facilities. Preliminary results suggest an improvement in operating income compared to the first quarter of 2003 but final results are not yet available.
The Goodyear Tire & Rubber Company filed a Form 12b-25 to notify that it would be unable to file its annual report (Form 10-K) for the fiscal year ending December 31, 2003 by the required deadline. The filing delay is due to an ongoing investigation into potential improper accounting in its European and other overseas operations. Goodyear also identified adjustments unrelated to the investigation that are expected to reduce previously reported earnings and equity. As a result of the ongoing investigation and adjustments, Goodyear has not completed its 2003 financial statements and cannot reasonably estimate its 2003 results of operations at this time.
Clear Channel Communications reported financial results for Q4 and full year 2005. Q4 revenue declined 1% to $1.76B while full year revenue was flat at $6.61B. Net income for Q4 was $461.6M compared to a net loss of $4.67B in Q4 2004. For the full year, net income was $935.7M compared to a net loss of $4.04B in 2004. In Q4 2005, Clear Channel completed an IPO for 10% of its outdoor advertising segment and spun off its live entertainment segment. Radio revenues declined 6% for the year due to implementing a strategy reducing commercial minutes. Outdoor revenues increased 9% with strong growth internationally
Utility Property Tax Return, Includes DP-255-ES Quarterly Payment Forms taxman taxman
This document is a utility property tax return form from the New Hampshire Department of Revenue Administration. It contains instructions for completing the form to file a utility property tax return or make estimated tax payments. Taxpayers must report their assessed utility property valuation, calculate their tax amount, and make any payments due. The form also addresses penalties, credits, appeals processes, and confidentiality of taxpayer information.
The document is the table of contents for the Form 11-K annual report filed by Precision Strip, Inc. Retirement and Savings Plan. It lists various reports, financial statements, and notes related to the plan for the year ended December 31, 2006. The table of contents includes the report of the independent registered public accounting firm, statements of net assets available for benefits as of December 31, 2006 and 2005, statement of changes in net assets available for benefits for the year ended December 31, 2006, notes to the financial statements, and a supplemental schedule of assets held at the end of the year.
This document is an amendment to a previously filed Form 10-K for ConAgra Foods Inc. It provides restated financial statements for fiscal years 2004, 2003 and 2002, and the first two quarters of fiscal 2005 due to errors discovered in income tax accounting. The errors resulted in an aggregate net increase in income tax expense of approximately $105 million for the periods affected. As a result of the restatement, ending stockholders' equity was reduced by $45.6 million as of May 30, 2004. The filing amends and restates items 6, 7, 8, 9A and 15 to reflect the restatement and its effects.
This document is a Form 10-Q quarterly report filed by KB Home with the Securities and Exchange Commission for the quarter ended February 28, 2003. The 10-Q includes financial statements such as income statements, balance sheets, and cash flow statements for the quarter, as well as notes to the financial statements. It provides information on KB Home's revenues, expenses, assets, liabilities, cash flows, earnings per share, and reporting segments for its homebuilding and mortgage banking businesses.
This document is an amendment to a previously filed 10-K form submitted by Duke Energy Holding Corp. to the SEC on March 22, 2007. It includes additional audited financial statements for DCP Midstream, LLC (formerly Duke Energy Field Services, LLC) as required by Rule 3-09 of Regulation S-X. The amendment provides DCP Midstream's balance sheets, statements of operations and comprehensive income, cash flows, and notes to the financial statements. It also includes signatures from Duke Energy executives and consent from an independent auditor.
The Goodyear Tire & Rubber Company filed a Form 12b-25 notification of late filing for its quarterly report on Form 10-Q for the period ending March 31, 2004. Goodyear had previously filed a 12b-25 for its 2003 Form 10-K and does not expect to file the 10-Q within the 5 day extension period. Goodyear expects to file the 10-Q by mid-June and will need to discuss extending filing deadlines with lenders to avoid potential defaults under its credit facilities. Preliminary results suggest an improvement in operating income compared to the first quarter of 2003 but final results are not yet available.
The Goodyear Tire & Rubber Company filed a Form 12b-25 to notify that it would be unable to file its annual report (Form 10-K) for the fiscal year ending December 31, 2003 by the required deadline. The filing delay is due to an ongoing investigation into potential improper accounting in its European and other overseas operations. Goodyear also identified adjustments unrelated to the investigation that are expected to reduce previously reported earnings and equity. As a result of the ongoing investigation and adjustments, Goodyear has not completed its 2003 financial statements and cannot reasonably estimate its 2003 results of operations at this time.
Clear Channel Communications reported financial results for Q4 and full year 2005. Q4 revenue declined 1% to $1.76B while full year revenue was flat at $6.61B. Net income for Q4 was $461.6M compared to a net loss of $4.67B in Q4 2004. For the full year, net income was $935.7M compared to a net loss of $4.04B in 2004. In Q4 2005, Clear Channel completed an IPO for 10% of its outdoor advertising segment and spun off its live entertainment segment. Radio revenues declined 6% for the year due to implementing a strategy reducing commercial minutes. Outdoor revenues increased 9% with strong growth internationally
Utility Property Tax Return, Includes DP-255-ES Quarterly Payment Forms taxman taxman
This document is a utility property tax return form from the New Hampshire Department of Revenue Administration. It contains instructions for completing the form to file a utility property tax return or make estimated tax payments. Taxpayers must report their assessed utility property valuation, calculate their tax amount, and make any payments due. The form also addresses penalties, credits, appeals processes, and confidentiality of taxpayer information.
The document is the table of contents for the Form 11-K annual report filed by Precision Strip, Inc. Retirement and Savings Plan. It lists various reports, financial statements, and notes related to the plan for the year ended December 31, 2006. The table of contents includes the report of the independent registered public accounting firm, statements of net assets available for benefits as of December 31, 2006 and 2005, statement of changes in net assets available for benefits for the year ended December 31, 2006, notes to the financial statements, and a supplemental schedule of assets held at the end of the year.
This document is an amendment to a previously filed Form 10-K for ConAgra Foods Inc. It provides restated financial statements for fiscal years 2004, 2003 and 2002, and the first two quarters of fiscal 2005 due to errors discovered in income tax accounting. The errors resulted in an aggregate net increase in income tax expense of approximately $105 million for the periods affected. As a result of the restatement, ending stockholders' equity was reduced by $45.6 million as of May 30, 2004. The filing amends and restates items 6, 7, 8, 9A and 15 to reflect the restatement and its effects.
This document is a Form 10-Q quarterly report filed by KB Home with the Securities and Exchange Commission for the quarter ended February 28, 2003. The 10-Q includes financial statements such as income statements, balance sheets, and cash flow statements for the quarter, as well as notes to the financial statements. It provides information on KB Home's revenues, expenses, assets, liabilities, cash flows, earnings per share, and reporting segments for its homebuilding and mortgage banking businesses.
This document is an amendment to ConAgra Foods' annual report on Form 10-K for the 2005 fiscal year. It revises the selected financial data for fiscal year 2001 and makes corresponding changes to an exhibit regarding the ratio of earnings to fixed charges. It also adds an explanatory note about the selected financial data for fiscal years 1999 and 2000. The revisions are related to discussions between ConAgra and the SEC regarding a potential settlement of an SEC investigation into accounting matters.
741 - Kentucky Fiduciary Income Tax Return - Form 42A741taxman taxman
This document is a Kentucky Form 741 for the 2008 tax year filing of a fiduciary income tax return. It provides instructions for reporting income, deductions, tax calculations, and payments/refunds for various types of trusts and estates. Key sections include reporting adjusted total income from the federal return on line 1, calculating additions and subtractions on lines 2-8, determining the income distribution deduction on Schedule B, and computing the total tax due or refund/credit on lines 17-22.
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarterly period ended February 29, 2004. It includes financial statements, notes to the financial statements, and other financial information. Specifically, it provides KB Home's consolidated statements of income and cash flows for the periods ended February 29, 2004 and February 28, 2003, and consolidated balance sheet as of February 29, 2004 and November 30, 2003. It also includes a discussion and analysis of the company's financial condition and results of operations for the periods.
Railroad Tax Return Booklet, Includes DP-255-ES Quarterly Payment Formstaxman taxman
This document is a payment form for the New Hampshire Department of Revenue Administration's 2007 Railroad Tax. It provides instructions for taxpayers to pay their annual railroad tax, including any balance due, overpayment credits or refunds. Taxpayers must provide their name, address, federal employer identification number and calculate amounts for their annual tax, payments, balance due, additions to tax and net balance/overpayment. The form is due by December 30, 2007 and payments should be made payable to the State of New Hampshire.
NYC-3360 General Corporation Tax Report of Change in Tax Base Made by Interna...taxman taxman
This document is a Declaration of Estimated Tax form from the New York City Department of Finance for the 2009 calendar or fiscal year. It requires a corporation to compute its estimated tax for the year, make any required estimated tax payments, and provide identifying information about the corporation. The form outlines the deadlines and required payment amounts for estimated tax installments throughout the year.
Brown & Brown Inc. reported a 1% increase in net income for the third quarter of 2009 compared to the same period in 2008. Total revenue decreased 1% for the quarter. Net income for the first nine months of 2009 was up slightly compared to the same period last year, while total revenue increased slightly. The company stated that results reflected a challenging operating environment with declines in insurable exposure units and soft market rates.
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarter ended February 28, 2005. It includes financial statements such as the income statement, balance sheet, and cash flow statement for the quarter. It also includes notes to the financial statements and sections on management's discussion of financial results, market risk exposure, and controls and procedures. The 10-Q provides investors with ongoing information about the company's financial position and performance between annual report filings.
gov revenue formsandresources forms 05-MW3taxman taxman
This document is a Montana annual withholding tax reconciliation form for 2005. It includes instructions for employers to reconcile their annual payroll tax withholdings against amounts paid to the Montana Department of Revenue. Key details include:
- Employers must provide the number of W-2s and 1099s filed, payment dates and amounts withheld and paid in each quarter.
- Line items calculate total wages, withholdings, payments made, and any difference to determine if a refund is due or additional payment owed.
- A reconciliation schedule lists amounts withheld and paid by deposit/pay period with totals that should match line items on the form. Any differences require an explanation.
- Instructions explain how to
The document is a letter from Guillermo Soria of Soria Inc. to NOWCastSA regarding preparation of NOWCastSA's 2012 Form 990 tax return. The letter states that Soria Inc. has electronically filed NOWCastSA's 2012 Form 990 tax return and appreciates the opportunity to serve NOWCastSA. If NOWCastSA has any questions about the return, it should contact Soria Inc. No fees were charged for preparation of the return.
Application for Carry Back of Net Operating Farm Loss Refund (K-67)taxman taxman
This document provides instructions and schedules for filing a Kansas Form K-67, which is used to claim a refund from carrying back a net operating farm loss to previous tax years. The schedules work through calculating the net operating loss, allocating it across tax years, and determining the resulting tax liability and refund amounts based on a $1,500 per year refund limit for farm net operating losses. Key steps include determining the net operating loss, allocating it to previous "carryback years", recalculating tax liability for those years, and tracking any refunds issued and amounts carried forward for future years.
NYC-9.5 Claim for REAP Credit Applied to General Corporation Tax and Banking...taxman taxman
This document is a New York City general corporation tax return for the calendar year 2008 or fiscal year beginning and ending in 2008. It includes schedules to compute the corporation's tax liability. Schedule A calculates the tax based on the corporation's net income from Schedule B1 or B2. Schedule B1 is for corporations that elect to use their New York State entire net income calculation. Schedule B2 is for corporations that do not make that election and instead calculate income starting from their federal taxable income.
This document provides instructions for taxpayers filing their Wisconsin tax return electronically. It lists various tax credits and items that may require attachments to substantiate the claims. The taxpayer must submit these attachments on Form W-RA within 48 hours of receiving an electronic filing acknowledgment from Wisconsin. The instructions specify where to mail the Form W-RA based on whether the taxpayer is claiming the homestead credit or other credits. Failure to submit the required attachments in a timely manner could delay any tax refund.
Corporate Income Tax Return Instructions taxman taxman
This document is an application for an extension of time to file Vermont corporate/business income tax returns. It provides instructions for filing the application by the original due date if a tax payment is due or an extension is requested without a federal extension. It also notes that a federal extension automatically extends the Vermont filing date but minimum tax is still due by the original due date. The application requests key information like the taxpayer's name, address, tax periods, reason for extension, and calculation of estimated tax liability and payments to determine the tax amount due with the application.
Reliance Steel & Aluminum Co. filed a Form 8-K with the SEC to provide information on its pending acquisition of PNA Group Holding Corporation. The filing includes audited and unaudited financial statements of PNA for 2005-2007 and Q1 2008. It also includes unaudited pro forma financial information reflecting the acquisition and related transactions. The acquisition and related transactions are subject to closing conditions and there is no assurance they will be consummated.
This document outlines the process that school districts in New Jersey must follow after their budgets are defeated in an election. Key dates and responsibilities are provided for county offices, school districts, and municipal governing bodies. If a budget is defeated, the district enters a consultation phase with local municipalities to determine a reduced tax levy. Options for certifying a reduced levy and potential line item reductions are described. Dispute resolution processes are also explained if agreement cannot be reached on a reduced budget.
This document is KB Home's Form 10-Q quarterly report filed with the SEC on October 10, 2008 providing financial results for the quarter ended August 31, 2008. It includes:
- Consolidated statements of operations, balance sheets, and cash flows for the periods ended August 31, 2008 and 2007.
- Notes to the financial statements describing accounting policies and financial details.
- Disclosures regarding legal proceedings, risks factors, and certifications by management regarding internal controls.
KB Home filed a Form 10-Q for the quarterly period ended February 29, 2008. The filing includes:
1) Financial statements showing a net loss of $268.2 million compared to net income of $27.5 million in the prior year period.
2) Management's discussion and analysis of the financial results and market conditions.
3) Certifications by the CEO and CFO regarding the accuracy of the financial reporting.
- Clear Channel Communications reported a 6.6% increase in second quarter revenues to $2.32 billion compared to the same period last year. Net earnings were $251.3 million, up slightly from $238 million last year.
- On a pro forma basis, which adjusts for acquisitions and exchange rates, second quarter revenues were flat at $2.24 billion while EBITDA declined 1.5% to $622.9 million.
- Radio revenues declined 2.1% on a reported basis and 2.6% on a pro forma basis due to weakness in local advertising, small markets, syndication and non-traditional revenues. Outdoor revenues rose 20.1% due to acqu
This document is KB Home's quarterly report filed with the SEC for the quarter ending August 31, 2007. It includes financial statements and notes for the nine months and three months ended August 31, 2007 and 2006. It also includes Management's Discussion and Analysis of the company's financial condition and results of operations over this period. The company reported a net loss from continuing operations of $642 million for the nine months ended August 31, 2007 compared to net income of $473 million for the same period in 2006. For the three months ended August 31, 2007, the company's net loss was $479 million compared to net income of $129 million in the prior year period.
The document is a notice of the annual meeting of shareholders of Clear Channel Communications, Inc. to be held on April 26, 2005. The notice states that the meeting will be held to elect directors, approve the 2005 Annual Incentive Plan, and ratify the selection of Ernst & Young LLP as the company's independent auditors. Shareholders of record as of March 11, 2005 are entitled to attend and vote at the meeting.
This document is KB Home's 10-Q quarterly report filed with the SEC on October 10, 2008 providing financial results for the quarter ended August 31, 2008. It includes:
- Consolidated statements of operations, balance sheets, and cash flows for the periods ended August 31, 2008 and 2007.
- Notes to the financial statements describing accounting policies, seasonal factors, and other financial details.
- Disclosures regarding legal proceedings, risks factors, and certifications by management regarding internal controls.
Clear Channel Communications announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share, a 25% increase from the previous dividend, and authorized an additional $1 billion share repurchase program over the next 12 months. The company stated the actions reflect the Board's confidence in Clear Channel's financial strength and commitment to shareholders.
This document is an amendment to ConAgra Foods' annual report on Form 10-K for the 2005 fiscal year. It revises the selected financial data for fiscal year 2001 and makes corresponding changes to an exhibit regarding the ratio of earnings to fixed charges. It also adds an explanatory note about the selected financial data for fiscal years 1999 and 2000. The revisions are related to discussions between ConAgra and the SEC regarding a potential settlement of an SEC investigation into accounting matters.
741 - Kentucky Fiduciary Income Tax Return - Form 42A741taxman taxman
This document is a Kentucky Form 741 for the 2008 tax year filing of a fiduciary income tax return. It provides instructions for reporting income, deductions, tax calculations, and payments/refunds for various types of trusts and estates. Key sections include reporting adjusted total income from the federal return on line 1, calculating additions and subtractions on lines 2-8, determining the income distribution deduction on Schedule B, and computing the total tax due or refund/credit on lines 17-22.
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarterly period ended February 29, 2004. It includes financial statements, notes to the financial statements, and other financial information. Specifically, it provides KB Home's consolidated statements of income and cash flows for the periods ended February 29, 2004 and February 28, 2003, and consolidated balance sheet as of February 29, 2004 and November 30, 2003. It also includes a discussion and analysis of the company's financial condition and results of operations for the periods.
Railroad Tax Return Booklet, Includes DP-255-ES Quarterly Payment Formstaxman taxman
This document is a payment form for the New Hampshire Department of Revenue Administration's 2007 Railroad Tax. It provides instructions for taxpayers to pay their annual railroad tax, including any balance due, overpayment credits or refunds. Taxpayers must provide their name, address, federal employer identification number and calculate amounts for their annual tax, payments, balance due, additions to tax and net balance/overpayment. The form is due by December 30, 2007 and payments should be made payable to the State of New Hampshire.
NYC-3360 General Corporation Tax Report of Change in Tax Base Made by Interna...taxman taxman
This document is a Declaration of Estimated Tax form from the New York City Department of Finance for the 2009 calendar or fiscal year. It requires a corporation to compute its estimated tax for the year, make any required estimated tax payments, and provide identifying information about the corporation. The form outlines the deadlines and required payment amounts for estimated tax installments throughout the year.
Brown & Brown Inc. reported a 1% increase in net income for the third quarter of 2009 compared to the same period in 2008. Total revenue decreased 1% for the quarter. Net income for the first nine months of 2009 was up slightly compared to the same period last year, while total revenue increased slightly. The company stated that results reflected a challenging operating environment with declines in insurable exposure units and soft market rates.
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarter ended February 28, 2005. It includes financial statements such as the income statement, balance sheet, and cash flow statement for the quarter. It also includes notes to the financial statements and sections on management's discussion of financial results, market risk exposure, and controls and procedures. The 10-Q provides investors with ongoing information about the company's financial position and performance between annual report filings.
gov revenue formsandresources forms 05-MW3taxman taxman
This document is a Montana annual withholding tax reconciliation form for 2005. It includes instructions for employers to reconcile their annual payroll tax withholdings against amounts paid to the Montana Department of Revenue. Key details include:
- Employers must provide the number of W-2s and 1099s filed, payment dates and amounts withheld and paid in each quarter.
- Line items calculate total wages, withholdings, payments made, and any difference to determine if a refund is due or additional payment owed.
- A reconciliation schedule lists amounts withheld and paid by deposit/pay period with totals that should match line items on the form. Any differences require an explanation.
- Instructions explain how to
The document is a letter from Guillermo Soria of Soria Inc. to NOWCastSA regarding preparation of NOWCastSA's 2012 Form 990 tax return. The letter states that Soria Inc. has electronically filed NOWCastSA's 2012 Form 990 tax return and appreciates the opportunity to serve NOWCastSA. If NOWCastSA has any questions about the return, it should contact Soria Inc. No fees were charged for preparation of the return.
Application for Carry Back of Net Operating Farm Loss Refund (K-67)taxman taxman
This document provides instructions and schedules for filing a Kansas Form K-67, which is used to claim a refund from carrying back a net operating farm loss to previous tax years. The schedules work through calculating the net operating loss, allocating it across tax years, and determining the resulting tax liability and refund amounts based on a $1,500 per year refund limit for farm net operating losses. Key steps include determining the net operating loss, allocating it to previous "carryback years", recalculating tax liability for those years, and tracking any refunds issued and amounts carried forward for future years.
NYC-9.5 Claim for REAP Credit Applied to General Corporation Tax and Banking...taxman taxman
This document is a New York City general corporation tax return for the calendar year 2008 or fiscal year beginning and ending in 2008. It includes schedules to compute the corporation's tax liability. Schedule A calculates the tax based on the corporation's net income from Schedule B1 or B2. Schedule B1 is for corporations that elect to use their New York State entire net income calculation. Schedule B2 is for corporations that do not make that election and instead calculate income starting from their federal taxable income.
This document provides instructions for taxpayers filing their Wisconsin tax return electronically. It lists various tax credits and items that may require attachments to substantiate the claims. The taxpayer must submit these attachments on Form W-RA within 48 hours of receiving an electronic filing acknowledgment from Wisconsin. The instructions specify where to mail the Form W-RA based on whether the taxpayer is claiming the homestead credit or other credits. Failure to submit the required attachments in a timely manner could delay any tax refund.
Corporate Income Tax Return Instructions taxman taxman
This document is an application for an extension of time to file Vermont corporate/business income tax returns. It provides instructions for filing the application by the original due date if a tax payment is due or an extension is requested without a federal extension. It also notes that a federal extension automatically extends the Vermont filing date but minimum tax is still due by the original due date. The application requests key information like the taxpayer's name, address, tax periods, reason for extension, and calculation of estimated tax liability and payments to determine the tax amount due with the application.
Reliance Steel & Aluminum Co. filed a Form 8-K with the SEC to provide information on its pending acquisition of PNA Group Holding Corporation. The filing includes audited and unaudited financial statements of PNA for 2005-2007 and Q1 2008. It also includes unaudited pro forma financial information reflecting the acquisition and related transactions. The acquisition and related transactions are subject to closing conditions and there is no assurance they will be consummated.
This document outlines the process that school districts in New Jersey must follow after their budgets are defeated in an election. Key dates and responsibilities are provided for county offices, school districts, and municipal governing bodies. If a budget is defeated, the district enters a consultation phase with local municipalities to determine a reduced tax levy. Options for certifying a reduced levy and potential line item reductions are described. Dispute resolution processes are also explained if agreement cannot be reached on a reduced budget.
This document is KB Home's Form 10-Q quarterly report filed with the SEC on October 10, 2008 providing financial results for the quarter ended August 31, 2008. It includes:
- Consolidated statements of operations, balance sheets, and cash flows for the periods ended August 31, 2008 and 2007.
- Notes to the financial statements describing accounting policies and financial details.
- Disclosures regarding legal proceedings, risks factors, and certifications by management regarding internal controls.
KB Home filed a Form 10-Q for the quarterly period ended February 29, 2008. The filing includes:
1) Financial statements showing a net loss of $268.2 million compared to net income of $27.5 million in the prior year period.
2) Management's discussion and analysis of the financial results and market conditions.
3) Certifications by the CEO and CFO regarding the accuracy of the financial reporting.
- Clear Channel Communications reported a 6.6% increase in second quarter revenues to $2.32 billion compared to the same period last year. Net earnings were $251.3 million, up slightly from $238 million last year.
- On a pro forma basis, which adjusts for acquisitions and exchange rates, second quarter revenues were flat at $2.24 billion while EBITDA declined 1.5% to $622.9 million.
- Radio revenues declined 2.1% on a reported basis and 2.6% on a pro forma basis due to weakness in local advertising, small markets, syndication and non-traditional revenues. Outdoor revenues rose 20.1% due to acqu
This document is KB Home's quarterly report filed with the SEC for the quarter ending August 31, 2007. It includes financial statements and notes for the nine months and three months ended August 31, 2007 and 2006. It also includes Management's Discussion and Analysis of the company's financial condition and results of operations over this period. The company reported a net loss from continuing operations of $642 million for the nine months ended August 31, 2007 compared to net income of $473 million for the same period in 2006. For the three months ended August 31, 2007, the company's net loss was $479 million compared to net income of $129 million in the prior year period.
The document is a notice of the annual meeting of shareholders of Clear Channel Communications, Inc. to be held on April 26, 2005. The notice states that the meeting will be held to elect directors, approve the 2005 Annual Incentive Plan, and ratify the selection of Ernst & Young LLP as the company's independent auditors. Shareholders of record as of March 11, 2005 are entitled to attend and vote at the meeting.
This document is KB Home's 10-Q quarterly report filed with the SEC on October 10, 2008 providing financial results for the quarter ended August 31, 2008. It includes:
- Consolidated statements of operations, balance sheets, and cash flows for the periods ended August 31, 2008 and 2007.
- Notes to the financial statements describing accounting policies, seasonal factors, and other financial details.
- Disclosures regarding legal proceedings, risks factors, and certifications by management regarding internal controls.
Clear Channel Communications announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share, a 25% increase from the previous dividend, and authorized an additional $1 billion share repurchase program over the next 12 months. The company stated the actions reflect the Board's confidence in Clear Channel's financial strength and commitment to shareholders.
The document is KB Home's 2000 annual report. It discusses KB Home's operations, including its focus on first-time home buyers in selected markets across the US. Financial highlights show increased revenue, earnings, and backlog for the years 1996-2000. The CEO discusses trends in homeownership, KB Home's competitive advantages in serving immigrant communities, and outlook for continued growth.
KB Home filed a Form 10-Q for the quarterly period ended February 29, 2008. The filing includes financial statements and notes, management's discussion and analysis of financial condition and results of operations, controls and procedures information, and legal proceedings disclosures. It reported a net loss of $268.2 million compared to net income of $27.5 million in the prior year period. Revenues declined due to lower housing deliveries and average selling prices. The company also recorded significant inventory and joint venture impairments.
Clear Channel Communications reported financial results for the third quarter of 2004. Revenue increased 4% compared to the same period last year to $2.6 billion. Net income was $261.2 million, an increase of 10% excluding on-time gains and losses from the prior year. The company continued repurchasing shares during the quarter and believes this is the best use of free cash flow. Operating income is expected to increase in the mid-single digits for the full year 2004, while earnings per share are forecasted to increase in the mid to high teens.
This document is a Form 10-Q quarterly report filed by KB Home with the SEC on April 9, 2007 for the quarterly period ended February 28, 2007. The 10-Q provides financial statements and management's discussion and analysis of the company's financial condition and results of operations for the quarter. It includes an unaudited consolidated balance sheet, statements of income and cash flows, notes to the financial statements, and disclosures on legal proceedings, risks, controls and procedures, and other information required by the SEC.
There are three primary ways for individual investors to hold stocks: direct registration system (DRS), physical paper certificates, and street-name registration through a brokerage. Both DRS and street-name registration use electronic book-entry ownership, while physical certificates must be safeguarded from loss or theft. Investors can choose to hold securities through different methods and can change methods, though brokers may charge fees. The document provides detailed explanations and comparisons of each holding method.
This document is a Form 10-Q quarterly report filed by KB Home with the SEC for the quarter ended February 28, 2006. The summary includes:
1) KB Home reported total revenues of $2.19 billion for the quarter, with construction revenues of $2.19 billion. Net income was $174.5 million or $2.15 per diluted share.
2) The construction segment reported operating income of $274.2 million. Financial services reported pretax income of $3.7 million.
3) The balance sheet shows KB Home had cash and cash equivalents of [AMOUNT] as of February 28, 2006, along with total assets of [AMOUNT].
This document is a quarterly report (Form 10-Q) filed by KB Home with the SEC for the quarter ending May 31, 2006. It includes financial statements, management discussion and analysis, exhibits, and certifications. Specifically, it provides:
1) Consolidated financial statements including income statements, balance sheets, and cash flow statements for the current quarter and year-to-date, as well as notes to the financial statements.
2) Management's discussion and analysis of the company's financial condition and results of operations for the current quarter.
3) Certifications by the CEO and CFO regarding the accuracy of financial reporting.
Clear Channel Communications announced a $1 billion share repurchase program to be conducted over the next 12 months. The company's board authorized the program due to confidence in the company's financial strength and commitment to shareholders. Clear Channel will base repurchase amounts and timing on factors like stock price, economic conditions, and debt levels, and may suspend the program at any time. The company will hold repurchased shares as treasury shares.
This annual report summarizes KB Home's financial performance from 1994 to 2004. Some key points:
- Revenues grew from $1.34 billion in 1994 to $7.05 billion in 2004, a compound annual growth rate of 18% over 10 years.
- Net income grew from $47 million to $481 million over the same period, a compound annual growth rate of 26%.
- Unit deliveries increased from 7,824 homes in 1994 to 31,646 homes in 2004.
- The company expanded from 9 U.S. markets in 1994 to 36 markets in the U.S. and France by 2004.
Clear Channel Communications is inviting shareholders to a special meeting to consider and vote on approving a merger agreement. If approved, Clear Channel would merge with a subsidiary of CC Media Holdings. Shareholders would receive either $36.00 in cash or one share of Class A common stock of Holdings for each share of Clear Channel stock, subject to certain limitations. The board unanimously recommends shareholders vote for the merger. However, it only recommends the cash consideration and makes no recommendation regarding the stock. The merger requires a two-thirds majority vote of Clear Channel shareholders for approval.
Clear Channel Communications, Inc. filed a Form 8-K with the SEC on March 18, 2003 regarding the offer and sale of $200 million in aggregate principal amount of 4.625% Senior Notes due 2008. The filing included an underwriting agreement for the notes offering, an opinion on the legality of the notes from the company's counsel, and a supplemental indenture governing the terms of the notes. The company represented that the registration statement for the notes complied with applicable regulations and did not contain any untrue statements of material fact. Proceeds from the notes offering would be used for general corporate purposes.
Clear Channel Communications proposes to sell $250 million in senior notes to underwriters. The filing includes an underwriting agreement and legal opinions related to the sale. Proceeds will be used for general corporate purposes. The document provides details on the terms of the agreement, representations and warranties about the company and its financials, as well as disclosures of legal proceedings.
The document provides updated financial information for The Black & Decker Corporation reflecting the adoption of SFAS No. 123R and the translation of segment data using 2006 budgeted exchange rates. Net earnings for 2005 were $532.1 million compared to $445.6 million in 2004. Total sales increased 21% to $6,523.7 million in 2005 driven by acquisitions and volume growth. Operating income rose to $794.9 million in 2005 from $613.2 million in 2004, benefiting from productivity initiatives and leverage on higher sales.
- The Black & Decker Corporation restated its financial statements for prior periods to reflect the adoption of SFAS No. 123R, which requires expensing share-based payments, and to reflect the translation of segment data using 2006 budgeted exchange rates.
- The restatements were made in accordance with the modified retrospective method of adopting SFAS No. 123R and the Corporation's policy of translating segment data using budgeted exchange rates for the current year.
- The restated financial statements updated selected financial data, management's discussion and analysis, financial statements and notes, financial statement schedules, and the independent auditor's report.
Lear Corporation is unable to file its annual report (Form 10-K) by the deadline because it is in default of its primary credit facility and is engaged in ongoing discussions to amend the facility. The company's financial statements and disclosures for the annual report could be impacted by the terms of any amendment. Additional time is needed to conclude the amendment discussions and reflect the terms in the annual report. The auditor's report on the financial statements will also contain a going concern explanatory paragraph due to adverse industry conditions and the credit default.
This document is an amendment to AES Corp's previously filed Form 10-Q for the quarter ending September 30, 2005. It restates financial statements and disclosures to correct errors related to accounting for derivative instruments, income taxes, and minority interest. Specifically, it restates the condensed consolidated balance sheet as of September 30, 2005 and statements of operations and cash flows for quarters in 2004. The errors reduced previously reported net income for one quarter and increased it for another quarter, and reduced stockholders' equity as of January 1, 2003.
This document is a table of contents for an SEC Form 10-K/A annual report filed by Reliance Steel & Aluminum Co. It includes an explanatory note indicating this is an amendment being filed to remove a reference to a third-party valuation specialist from the notes to the financial statements. The table of contents lists various sections that will be included in the report such as financial statements, controls and procedures disclosures, exhibits, and signatures.
Clear Channel Communications filed a Form 8-K to revise its 2007 Form 10-K to reclassify certain radio stations from discontinued operations to continuing operations based on a change in plans to sell those stations. The reclassification impacts selected financial data, management's discussion and analysis, financial statements, and related exhibits for all periods presented in the 2007 Form 10-K. Specifically, it reclassifies the assets, results of operations and cash flows of 145 radio stations that were previously classified as discontinued operations. This reclassification has no impact on the company's previously reported net income.
This document is an amendment to a previously filed Form 10-Q for AES Corp for the quarterly period ended June 30, 2005. It restates items 1, 2, and 4 of Part I and item 6 of Part II to correct accounting errors related to derivative instruments, hedging activities, minority interest expense, and income taxes. These errors resulted in a $12 million reduction of stockholders' equity as of January 1, 2003 and an increase in previously reported net income of $40 million and $34 million for the three and six month periods ended June 30, 2004, respectively. The condensed consolidated financial statements and other financial information provided in the document have been restated to correct these errors.
Craftmade International Inc. filed its annual report on Form 10-K for the fiscal year ended June 30, 2009. The report discusses the company's two segments - Specialty and Mass - which have been impacted by the economic downturn and decline in housing. In January 2008, the company acquired certain assets of Woodard, LLC, expanding its outdoor furniture offerings. Lowe's remains its largest customer although there are no long-term contracts. The report provides an overview of the company's business operations and financial information.
This document is a Form 10-Q quarterly report filed by KB Home with the SEC on February 13, 2007. It provides restated financial statements for quarters ending August 31, 2005 and February 28, 2006 and fiscal years ending November 30, 2005 and 2004 due to an internal investigation that found the company had incorrectly measured stock option grant dates. The investigation found that from 1998-2005, stock option grant dates were backdated by management to select low stock price dates, resulting in $36.3 million of underreported stock-based compensation expenses over that period. The restated financials reflect increased expenses and related tax impacts totaling $41.1 million reduction to reported net income for 1999-2005.
This document is a Form 10-Q quarterly report filed by KB Home with the SEC on February 13, 2007. It provides restated financial statements for quarters ending August 31, 2005 and August 31, 2006, as well as fiscal years 2004 and 2005, due to an internal investigation that found the company had incorrectly measured stock option grant dates. This resulted in an understatement of stock-based compensation expenses totaling $36.3 million over seven years. The restated financials reflect increased expenses and related tax impacts, reducing net income over 1999-2005 by $41.1 million in total.
This document is Calpine Corporation's annual report on Form 10-K for the fiscal year ending December 31, 2005 filed with the United States Securities and Exchange Commission. It includes information on Calpine's business operations, legal proceedings, financial statements, executive compensation and other required disclosures. The report indicates that Calpine is a large accelerated filer and the aggregate market value of shares held by non-affiliates was approximately $1.9 billion as of June 30, 2005.
This document is Calpine Corporation's annual report (Form 10-K) filed with the United States Securities and Exchange Commission for the fiscal year ending December 31, 2005. It includes information such as an overview of Calpine's business operations, audited financial statements, discussion of legal proceedings, risks factors, and information on corporate governance such as the backgrounds of directors and executive compensation. The report is broken down into parts covering topics such as properties, legal matters, financial data, management discussion and analysis, changes in accounting practices, security ownership and certain related transactions.
The document provides a balance sheet for a partnership as of December 31, 2018 that is dissolving. It shows assets being realized piecemeal, with cash distributed as realized. A detailed statement is provided showing the distribution of cash installments to partners A, B, and C according to the highest relative capital method. Over multiple dates in 2019, cash realized from asset sales is used to pay third party liabilities then distributed to partners based on capital balances and profit sharing ratios of 1/2, 1/4, 1/4. Any remaining cash balances or losses are also distributed according to capital tiers.
This document is Calpine Corporation's annual report (Form 10-K) filed with the SEC for the fiscal year ending December 31, 2003. It provides information on Calpine's business operations, legal proceedings, financial performance, risks, corporate leadership, and accounting practices. The report includes consolidated financial statements and notes. It was amended to provide additional disclosure in various sections as required by the SEC's review of another Calpine filing.
This document is Calpine Corporation's annual report (Form 10-K) filed with the SEC for the fiscal year ending December 31, 2003. It provides information on Calpine's business operations, legal proceedings, financial performance, risks, corporate leadership, and accounting practices. The report includes consolidated financial statements and notes. It was amended to provide additional disclosure in various sections as required by the SEC's review of another Calpine filing.
This document is the Form 10-Q quarterly report filed by KB Home with the Securities and Exchange Commission for the quarter ended May 31, 2003. The 10-Q provides KB Home's unaudited financial statements and disclosures including the consolidated statements of income, balance sheets, cash flows, and notes. It summarizes KB Home's revenues, construction and land costs, expenses, operating income, interest income/expense, taxes, and earnings per share for the interim period.
This document is the Form 10-Q quarterly report filed by KB Home with the Securities and Exchange Commission for the quarter ended May 31, 2003. It includes the consolidated financial statements, notes to the financial statements, and management's discussion and analysis of the company's financial condition and results of operations for the quarter. Key details include total revenues of $2.5 billion for the six months ended May 31, 2003, net income of $134 million, and basic earnings per share of $3.36.
- The document is a letter from the Chairman and CEO of First American Corporation to shareholders updating them on the company's annual report and proxy materials for 2007.
- Instead of sending a traditional annual report and proxy statement, the company is sending its 2007 Form 10-K and amendment, which includes most of the information that would be in the proxy statement.
- The annual shareholder meeting date has not yet been set, but once it is, shareholders will receive proxy materials and a summary annual report highlighting the company's financial performance and changes ahead.
First American sent its shareholders its 2007 Form 10-K and amendment instead of the annual report and proxy materials. The company's board will set a date for the annual shareholder meeting where proxy materials and a summary annual report will be provided. First American is separating its Financial Services and Information Solutions businesses into two independent publicly traded companies and will provide updates on its website and SEC filings.
This document is an SEC Form 10-K/A filing by Calpine Corporation for the fiscal year ending December 31, 2003. It provides amendments to Calpine's previous annual report filing. The amendments include revised and expanded disclosures related to Calpine's oil and gas operations in items 1, 2, 8, and 15 of the filing. The amendments were filed in connection with the SEC's review of a Calpine registration statement.
WRA worked on energy, water, and public lands issues in 2003. In energy, they promoted renewable energy standards and efficiency measures. They also worked to reduce emissions from coal plants and prevent new coal plant construction. In water, they advocated for urban water conservation and efficiency and protected rivers and habitats. In lands, they focused on responsible oil and gas development, protecting roadless areas, managing motorized recreation, and grazing reform.
The annual report summarizes the organization's activities and accomplishments in 2006. Some key points:
- The organization celebrated a major victory that protected water rights and flows for Colorado's Gunnison River.
- The organization opened a new office in Nevada and added staff in multiple states to advance its mission of protecting land, air, and water resources in the Interior West.
- Notable programs and advocacy efforts achieved successes in renewable energy development, limiting new coal-fired power plants, protecting public lands from oil/gas development, and responsible management of motorized recreation on public lands.
Western Resource Advocates' (WRA) 2007 annual report summarizes the organization's work over the past year to protect land, air, water, and ecosystems in the Western United States. The report highlights WRA's efforts to promote clean energy alternatives to coal power, encourage responsible motorized recreation on public lands, influence oil and gas development policies, and implement water conservation strategies in urban areas. Through advocacy, litigation, and partnerships with other groups, WRA achieved victories such as blocking new coal plants, protecting roads and lands from off-road vehicle damage, passing legislation to safeguard wildlife from drilling impacts, and influencing several municipalities to adopt water conservation measures. The report outlines WRA's goals and strategies across its key program
C.H. Robinson achieved strong success in 2007 despite economic challenges. The company grew gross profits 14.9% to $1.2 billion through its diverse business lines and relationships with customers and carriers. Its non-asset based model allowed it to efficiently manage costs. The company continued investing in its business by expanding its office network and adding employees. C.H. Robinson is well positioned for future growth given ongoing trends driving demand for third party logistics.
This document is C.H. Robinson Worldwide's annual report (Form 10-K) filed with the SEC for the year ended December 31, 2007. It provides an overview of the company's business operations, including that it is a non-asset based third party logistics provider offering freight transportation and logistics services through a network of 218 offices worldwide. The report describes C.H. Robinson's main business lines of multimodal transportation services, fresh produce sourcing, and information services. It provides details on the types of transportation it arranges and its relationships with over 48,000 transportation providers.
This document is C.H. Robinson Worldwide's definitive proxy statement filed with the SEC on April 1, 2008 to provide shareholders information on matters to be voted on at the company's upcoming annual meeting on May 15, 2008. The proxy statement summarizes the purposes of the meeting as electing three directors, ratifying the selection of the independent auditors, and any other business properly brought before the meeting. It provides details on shareholder voting eligibility, the methods by which shareholders can vote including by mail, phone or internet, and the proposals to be voted on.
C.H. Robinson achieved strong success in 2007 despite challenging market conditions. The company grew gross profits 14.9% to $1.2 billion through its diverse mix of transportation services and customer relationships. Its non-asset based model and over 7,300 employees enabled it to efficiently manage over 6.5 million shipments. Looking ahead, C.H. Robinson is well positioned for continued growth given industry trends, its financial strength with no debt and $455 million in cash, and opportunities to expand internationally and through acquisitions.
C.H. Robinson achieved strong success in 2007 despite challenging market conditions. The company grew gross profits 14.9% to $1.2 billion through its diverse mix of transportation services and customer relationships. Its non-asset based model and over 7,300 employees enabled it to efficiently manage over 6.5 million shipments. Looking ahead, C.H. Robinson is well positioned for continued growth given industry trends, its financial strength with no debt and $455 million in cash, and opportunities to expand internationally and through acquisitions.
This document is a Form 10-Q quarterly report filed by KB Home with the Securities and Exchange Commission. It summarizes KB Home's financial performance for the first quarter of fiscal year 2003, ending February 28, 2003. Key details include total revenues of $1.09 billion, net income of $52.8 million, basic earnings per share of $1.32, and cash dividends of $0.075 per share. The report includes financial statements and notes, as well as sections on management discussion/analysis, market risk, and controls/procedures.
There are three primary ways for individual investors to hold securities: direct registration system (DRS), physical paper certificates, and street-name registration through a brokerage account. Both DRS and street-name registration involve book-entry ownership with no physical certificate printed, while transactions are recorded electronically. Investors can choose to hold securities through different methods and change methods as desired, though brokers may charge fees. The DRS allows electronic transfer of book-entry shares between parties like brokers and issuers.
KBH was established as a public company in 1986 through an IPO of Kaufman and Broad Inc. (KBI). In 1989, the remaining portion of KBH was distributed to KBI shareholders, making KBH and KBI independent companies. KBI later merged with American International Group (AIG) in 1999. The document provides guidance on determining the tax basis for holdings in KBH and KBI/AIG following corporate restructurings and stock splits over the years. Questions regarding stock certificates or exchanges should be directed to AIG's transfer agent.
This document lists milestones from KB Home, a homebuilder, over the past 50+ years. Some key milestones include KB Home becoming the first national homebuilder on the New York Stock Exchange in 1969, building over 100,000 homes by 1977, establishing sustainability programs and receiving awards for energy efficient construction in the 2000s-2010s, and expanding nationwide through strategic acquisitions over the decades. The milestones show KB Home's growth from its founding to becoming one of the largest homebuilders in the United States.
This document is a Form 10-Q quarterly report filed by KB Home with the Securities and Exchange Commission for the quarter ended August 31, 2003. The 10-Q provides financial statements and disclosures including the consolidated statements of income, balance sheets, cash flows, and notes to the financial statements. Key details include revenues of $3.98 billion for the nine months, net income of $232 million, basic EPS of $5.87, and total assets of $4.12 billion as of August 31, 2003.
This document is a Form 10-Q quarterly report filed by KB Home with the Securities and Exchange Commission for the quarter ended August 31, 2003. The 10-Q provides financial statements and disclosures including the consolidated statements of income, balance sheets, cash flows, and notes to the financial statements. It discloses that for the quarter ended August 31, 2003, KB Home had total revenues of $1.44 billion, net income of $97.8 million, and basic earnings per share of $2.51.
This document is a Form 10-Q quarterly report filed by KB Home with the SEC for the quarter ending May 31, 2004. The summary includes:
1) KB Home reported total revenues of $2.9 billion for the six months ended May 31, 2004, with construction pretax income of $258.7 million and mortgage banking pretax income of $4.5 million.
2) The balance sheet shows KB Home's assets including $65.6 million in cash, $429.2 million in receivables, and $3.55 billion in construction inventories as of May 31, 2004.
3) The document provides KB Home's financial statements and notes for the quarter,
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarterly period ended February 29, 2004. It includes financial statements such as the consolidated statements of income and balance sheets, as well as notes to the financial statements and information on reportable segments. The filing provides shareholders and the public with financial information on KB Home's construction and mortgage banking operations for the quarterly period.
This document is a Form 10-Q quarterly report filed by KB Home with the SEC for the quarter ending May 31, 2004. The summary includes:
1) KB Home reported total revenues of $2.9 billion for the six months ended May 31, 2004, with construction pretax income of $258.7 million and mortgage banking pretax income of $4.5 million.
2) The balance sheet shows KB Home's assets including $65.6 million in cash, $429.2 million in receivables, and $3.55 billion in construction inventories as of May 31, 2004.
3) The document provides KB Home's financial statements and notes for the quarter,
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarter ended August 31, 2004. It includes financial statements such as the consolidated statements of income and balance sheets, as well as notes to the financial statements and sections on legal proceedings, controls and procedures, and certifications. The financial statements show that for the quarter ended August 31, 2004, KB Home reported revenues of $1.75 billion, net income of $117.9 million, and basic earnings per share of $3.03.
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarter ended August 31, 2004. It includes financial statements such as the consolidated statements of income and balance sheets, as well as notes to the financial statements and sections on legal proceedings, controls and procedures, and certifications. The financial statements show that for the quarter ended August 31, 2004, KB Home reported revenues of $1.75 billion, net income of $117.9 million, and basic earnings per share of $3.03.
This document is KB Home's Form 10-Q quarterly report filed with the SEC for the quarter ended February 28, 2005. It includes financial statements such as the income statement, balance sheet, and cash flow statement for the quarter. It also includes notes to the financial statements and sections on management's discussion of financial results, market risk exposure, and controls and procedures. The 10-Q provides investors with ongoing information about the company's financial position and performance between annual report filings.
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.
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Alexander Belyaev
Calculation of compliance cost in the fishing industry of Russia after extended SCM model (Veterinary and sanitary control of aquatic biological resources (ABR) - Preparation of documents, passing expertise)
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
1. FORM NT 10−Q
KB HOME − KBH
Filed: October 10, 2006 (period: August 31, 2006)
Notification that form type 10−Q will be submitted late
2. SEC FILE NUMBER
001−09195
CUSIP NUMBER
48666K109
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b−25
NOTIFICATION OF LATE FILING
¨ Form 10−K ¨ Form 20−F ¨ Form 11−K ý Form 10−Q
(Check One):
¨ Form 10−D ¨ Form N−SAR ¨ Form N−CSR
For Period Ended: August 31, 2006
¨ Transition Report on Form 10−K ¨ Transition Report on Form 10−Q
¨ Transition Report on Form 20−F ¨ Transition Report on Form N−SAR
¨ Transition Report on Form 11−K
For the Transition Period Ended: ________________________
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information
contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
KB Home
Full Name of Registrant
Former Name if Applicable
10990 Wilshire Boulevard, Suite 700
Address of Principal Executive Office (Street and Number)
Los Angeles, CA 90024
City, State and Zip Code
3. PART II — RULES 12b−25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to
Rule 12b−25(b), the following should be completed. (Check box if appropriate)
¨ (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or
expense;
¨ (b) The subject annual report, semi−annual report, transition report on Form 10−K, Form 20−F, 11−K or Form N−SAR, or
portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10−Q, or portion thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
¨ (c) The accountant’s statement or other exhibit required by Rule 12b−25(c) has been attached if applicable.
PART III — NARRATIVE
State below in reasonable detail why Forms 10−K, 20−F, 11−K, 10−Q, 10−D, N−SAR, N−CSR, or the transition report or
portion thereof, could not be filed within the prescribed time period. (Attach Extra Sheets if Needed)
We have delayed filing our Quarterly Report on Form 10−Q for our fiscal third quarter ended August 31, 2006 (the “Third Quarter
10−Q”) in order to allow us additional time to complete the review of our historical stock option grants and related accounting as
discussed below. We do not expect that we will be able to file the Third Quarter 10−Q on or before the fifth calendar day following
the required filing date as prescribed in Rule 12b−25(b).
As we announced on August 24, 2006, members of the Audit and Compliance Committee of the KB Home Board of Directors (the
“Sub−Committee”), in conjunction with outside legal counsel and accountants, are conducting an internal review of our stock option
grants. Although the internal review has not been concluded and no final conclusions have been reached, the Sub−Committee has
reached a preliminary conclusion that the actual measurement dates for financial accounting purposes of certain stock option grants
likely differ from the recorded grant dates. As a result, additional non−cash charges for stock based compensation relating to these
grants may need to be recorded. Because the review is not yet complete, we have not yet determined the aggregate amount or the
materiality of additional non−cash charges for such expense to be recorded in any specific prior period or in any future period. We
have also not yet determined the impact of any related tax consequences. Accordingly, until conclusions are reached regarding the
impact of the stock option review on our financial statements, we will not be able to file the Third Quarter 10−Q.
The delayed filing of the Third Quarter 10−Q and the unavailability of third quarter financial statements may result in a default
under the indentures governing our senior and senior subordinated notes and our credit agreements. We are in the process of seeking
extensions of time to deliver third quarter financial statements to the banks under each of our credit agreements, and while there can
be no assurance that such extensions will be granted, we expect to receive them in the near term. In addition, although there can be no
assurance that we will meet this schedule, we intend to file the Third Quarter 10−Q and to provide copies of that report (including our
third quarter financial statements) to all trustees under our indentures and to the banks under our credit agreements on or before
December 24, 2006, which, assuming receipt of the extensions under our credit agreements, would be in time to cure any default that
might have been declared under any of our indentures as a result of the delayed filing of the Third Quarter 10−Q.
2
4. PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Richard B. Hirst (310) 231−4068
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports
required under Section 13 or 15(d) of
the Securities Exchange Act of 1934
or Section 30 of the Investment
Company Act of 1940 during the
preceding 12 months or for such
shorter period that the registrant was
required to file such report(s) been
filed? If answer is no, identify
ý Yes ¨ No
report(s).
(3) Is it anticipated that any significant
change in results of operations from
the corresponding period for the last
fiscal year will be reflected by the
earnings statements to be included in
the subject report or portion
ý Yes ¨ No
thereof?
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
We anticipate significant changes in our results of operations for the fiscal three− and nine−month periods ended August 31, 2006
compared to our results in the corresponding periods of 2005. The selected financial information set forth below has not been
reviewed by Ernst & Young LLP, our independent registered public accounting firm. In addition, such financial information is subject
to adjustment upon completion of the Sub−Committee’s internal review of our stock options grants, as discussed under Part III above.
Total Revenues. Substantially all of our revenues are generated by our residential housing operations in the United States and
France, which is the largest component of our construction business. Revenues from our construction business also include a small
amount attributable to land sales, and an immaterial amount attributable to our commercial operations in France. Our domestic
financial services operations also generate an immaterial amount of revenue. Our total revenues for the quarter ended August 31, 2006
reached $2.67 billion, an increase of 6% from $2.53 billion in the year−earlier quarter. Total revenues for the nine months ended
August 31, 2006 reached $7.46 billion in 2006, up 19% from $6.29 billion in the nine months ended August 31, 2005. The increase in
total revenues in the third quarter and first nine months of 2006 was mainly due to growth in housing revenues. In the third quarter of
2006, the increase in housing revenues was due to a higher average selling price compared to the same period of 2005, partly offset by
lower unit deliveries. For the first nine months of 2006, housing revenue growth resulted from increased unit deliveries and a higher
average selling price.
Housing Revenues. Third−quarter housing revenues increased 7% to $2.66 billion, up from $2.49 billion in the year−earlier
period, on a 10% increase in the overall average selling price to $279,000 in the third quarter of 2006, up from $254,100 in the third
quarter of 2005, partially offset by a 3% decrease in unit deliveries to 9,523 units from 9,812 units in the third quarter of 2005.
Housing revenues for the first nine months of fiscal 2006 increased 19% to $7.41 billion, up from $6.23 billion in the year−earlier
period, on a 5% increase in unit deliveries to 26,460 units from 25,194 units in the first nine months of 2005, and a 13% increase in
the overall average selling price to $280,100 in the first nine months of 2006 from $247,100 in the first nine months of 2005.
3
5. Housing revenues from our U.S. operations rose 5% to $2.27 billion on 7,893 unit deliveries in the third quarter of 2006, up from
$2.17 billion on 8,233 unit deliveries in the third quarter of 2005. For the nine months ended August 31, 2006, housing revenues from
our U.S. operations rose 17% to $6.33 billion on 21,738 unit deliveries, up from $5.40 billion on 21,319 unit deliveries in the
year−earlier period. Housing revenues from our French operations rose 19% to $384.0 million on 1,630 unit deliveries in the third
quarter of 2006, up from $323.4 million on 1,579 unit deliveries in the third quarter of 2005. For the nine months ended August 31,
2006, housing revenues from our French operations rose 31% to $1.08 billion on 4,722 unit deliveries, up from $821.6 million on
3,875 unit deliveries in the year−earlier period.
Land Revenues. Our revenues from land sales totaled $7.8 million in the third quarter of 2006 and $20.2 million in the third
quarter of 2005. In the first nine months of 2006, revenues from land sales decreased to $27.8 million from $33.3 million in the first
nine months of 2005. Generally, land sale revenues fluctuate with our decisions to maintain or decrease our land ownership position in
certain markets and prevailing market conditions.
Expected Earnings Results. We are not in a position to finalize our earnings for the three− and nine−month periods ended
August 31, 2006 for the reasons discussed in Part III above. At this time, we are able only to provide estimates of our expected
earnings results, and such estimates may be adjusted after completion of the Sub−Committee’s internal review and Ernst & Young’s
review pursuant to Rule 10−01(d) of Regulation S−X under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
We expect third quarter net income to decrease by approximately 32%, from $227.5 million in the third quarter of 2005 to
$155.3 million in the third quarter of 2006, and our earnings per diluted share to decrease by approximately 24%, from $2.55 in the
third quarter of 2005 to $1.93 in the third quarter of 2006. The effect of lower net income on the year−over−year earnings per diluted
share results in the third quarter was partly offset by fewer average diluted shares outstanding. For the nine months ended August 31,
2006, we expect our net income to increase slightly, from $531.8 million in the 2005 period to $536.4 million in the 2006 period, and
our earnings per diluted share to increase 6%, from $6.02 in the 2005 period to $6.41 in the 2006 period.
Despite higher revenues generated in the third quarter of 2006, we expect our construction operating income to decrease by
approximately 36%, from $373.8 million in the third quarter of 2005 to $238.6 million in the third quarter of 2006, and our
construction operating income margin to decrease by approximately 6 percentage points, from 14.9% for the third quarter of 2005 to
8.9% for the third quarter of 2006. The margin decrease resulted primarily from a lower housing gross margin, charges associated with
inventory impairments and the abandonment of land purchase options we no longer plan to pursue. For the nine months ended
August 31, 2006, we expect our construction operating income to decrease by approximately 1%, from $864.2 million in the 2005
period to $854.6 million in the 2006 period. Our construction operating income
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6. margin for the same nine−month period is expected to decrease by approximately 2.3 percentage points, from 13.8% for the 2005
period to 11.5% for the 2006 period, due to a lower housing gross margin.
Our housing gross margin for third quarter of 2006 was 21.9%, down from 27.4% in the corresponding period in 2005. Our
housing gross margin for the nine months ended August 31, 2006 was 24.5%, down from 26.7% for the corresponding period of 2005.
Our construction pretax income for the third quarter of 2006 included charges of $68.6 million relating to inventory and joint venture
impairments and land option abandonments and a gain of $27.6 million related to the sale of our ownership interest in a joint venture.
Net Orders and Backlog. We generated 5,989 net orders in the third quarter of 2006, a decrease of 43% from 10,467 net orders in
the year−earlier quarter. The decrease in our third quarter net orders reflected a 53% decline in U.S. net orders, partially offset by a
9% increase in France. We generated 24,616 net orders in the first nine months of 2006, a decrease of 25% from 32,658 net orders in
the year−earlier period. The decrease in our net orders for the first nine months reflected a 32% decline in U.S. net orders, partially
offset by a 12% increase in France.
Unit backlog totaled 23,878 units at August 31, 2006 versus 27,744 units at August 31, 2005. Our backlog value decreased 8% to
approximately $6.53 billion at August 31, 2006 from approximately $7.06 billion at August 31, 2005. The year−over− year decrease
in backlog value resulted from decreases in all U.S. regions, partly offset by an increase in France.
Liquidity and Capital Resources. We fund our business activities with cash flows generated from our operations and from debt
financing, including through the issuance of publicly−traded notes and by entering into credit agreements to borrow funds from banks
and other financial institutions. Currently, our primary credit agreement is a $1.5 billion unsecured revolving credit facility (the “$1.5
Billion Credit Facility”), which allows us, from time to time and subject to certain conditions precedent, to draw funds as needed to
support our business. As of October 10, 2006, we had $600.0 million of outstanding borrowings under our $1.5 Billion Credit Facility
and $487.0 million of outstanding letters of credit, leaving us with $413.0 million of available capacity.
The delayed filing of our Third Quarter 10−Q may impair our ability to raise external financing to support our business. The
delayed filing of the Third Quarter 10−Q will cause us to not be current in our filings required under the Exchange Act which will
prevent us from using a Form S−3 registration statement for the public offering of new debt or equity securities until we have filed the
Third Quarter 10−Q and have been current in our filings of all other required Exchange Act reports for a period of 12 months.
In addition, the delayed filing of the Third Quarter 10−Q and the unavailability of third quarter financial statements may result in a
default under the indentures governing our senior and senior subordinated notes and our credit agreements. As a result of such
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7. delay or unavailability, we may be unable to obtain additional borrowings under our $1.5 Billion Credit Facility. If uncured, such
delay or unavailability could also result in acceleration of repayment of our currently outstanding indebtedness. We do not know if
any indenture trustee, administrative agent of any of credit agreements or creditor will assert that the delayed filing of our Third
Quarter 10−Q or the unavailability of our third quarter financial statements constitutes a default in the performance of these
agreements. However, because our indentures and credit agreements contain cross−default and cross−acceleration provisions, if any
indenture trustee, administrative agent, creditor or group of creditors were to be successful in claiming we had defaulted and we did
not cure such default within the grace period available, we would be required to seek a waiver or amendment, to refinance all or part
of our existing debt and/or to pay fees or penalties, which, individually or in combination, may have a materially adverse effect on our
liquidity.
Historically, we have generated greater cash flows from our business operations in our fiscal fourth quarter relative to other
quarters because we make a proportionately greater number of unit deliveries in that period. We currently anticipate that our 2006
fourth quarter will be consistent with our historical experience and, in conjunction with a planned reduction in investment in land
inventory in the fourth quarter relative to the prior periods of the year, we believe, subject to the foregoing, that we will have sufficient
resources to meet our current business needs.
Other Results of Operations. As stated in Part III above, due to the Sub−Committee’s current internal review of our stock option
grants, we are currently unable to provide additional operating results for the fiscal three− and nine−month periods ended August 31,
2006. Additional information about the results discussed herein and our outlook for the business can be found in our press release
dated September 21, 2006, which is furnished as an exhibit to a Current Report on Form 8−K filed on September 22, 2006.
Share Repurchase Authorization. Our Board of Directors has suspended the repurchase of shares under the share repurchase
program it approved on December 8, 2005. The program authorized the repurchase of up to 10 million shares of our common stock
from time to time at management’s discretion. As of October 10, 2006, six million shares had been repurchased under the program.
Forward Looking Statements
Investors are cautioned that certain statements contained in this document, as well as some statements by us in periodic press
releases and some oral statements by us to securities analysts and stockholders during presentations, are “forward−looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Statements which are predictive in nature,
which depend upon or refer to future events or conditions, or which include words such as “expects,” “anticipates,” “intends,” “plans,”
“believes,” “estimates,” “hopes,” and similar expressions constitute forward−looking statements. In addition, any statements
concerning future financial or
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8. operating performance (including future revenues, unit deliveries, selling prices, expenses, expense ratios, margins, earnings or
earnings per share, or growth or growth rates), future market conditions, future interest rates, and other economic conditions, ongoing
business strategies or prospects, future dividends and changes in dividend levels, the value of backlog (including amounts that we
expect to realize upon delivery of units included in backlog and the timing of those deliveries), potential de novo entry into new
markets and the impact of such entry, potential future acquisitions and the impact of completed acquisitions, future share repurchases
and possible future actions, which may be provided by us, are also forward−looking statements as defined by the Act.
Forward−looking statements are based on current expectations and projections about future events and are subject to risks,
uncertainties, and assumptions about our operations, economic and market factors and the homebuilding industry, among other things.
These statements are not guarantees of future performance, and we have no specific policy or intention to update these statements.
Actual events and results may differ materially from those expressed or forecasted in the forward−looking statements made by us
due to a number of factors. The principal important risk factors that could cause our actual performance and future events and actions
to differ materially from such forward−looking statements include, but are not limited to, changes in general economic conditions,
material prices and availability, labor costs and availability, interest rates and our debt levels, the secondary market for loans,
consumer confidence, competition, currency exchange rates (insofar as they affect our operations in France), environmental factors
and significant natural disasters, government regulations affecting our operations, the availability and cost of land in desirable areas,
violations of our policies, the results of the ongoing internal review into stock option grants being conducted by the Sub−Committee,
as well as an informal inquiry by the Securities and Exchange Commission and pending shareholder derivative suits regarding stock
option grants, other legal or regulatory proceedings or claims, and conditions in the capital, credit and homebuilding markets and other
events outside of our control. See our Annual Report on Form 10−K for the year ended November 30, 2005 (the “Form 10−K”) and
our other public filings with the Securities and Exchange Commission for a further discussion of risks and uncertainties applicable to
our business.
In addition to the foregoing risks and uncertainties and those we have discussed in our Form 10−K and in our other previous
filings, news releases, written communications and oral statements, our performance and actual results may differ materially from
those expressed or forecasted in the forward−looking statements made by us due to the risks and uncertainties described above
regarding the potential consequences of the delayed filing of our Third Quarter 10−Q or unavailability of our third quarter financial
statements on (i) the indentures governing our notes, (ii) our credit agreements and (iii) our ability to use registration statements for
the public offering of securities and/or obtain additional borrowings under our $1.5 Billion Credit Facility.
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9. KB Home
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date October 10, 2006 By /s/ Domenico Cecere
Domenico Cecere, SVP and CFO
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