The Arizona State Treasurer held a quarterly meeting and conference call on November 1, 2012. The agenda included discussing LGIP and endowment performance, proposed changes to the endowment distribution formula, and an update on state cash flow. Guest speaker Dr. Jim Paulsen also presented on the economic outlook. The Treasurer's investment philosophy emphasizes safety, liquidity, and then yield. LGIP and endowment portfolios achieved positive returns in Q1 FY2013. A smoother distribution formula was proposed that takes the 5-year average of the endowment's market value times 2.5% for the annual distribution amount. The state's cash flow was up 70% in the first quarter year-over-year with the
The quarterly meeting agenda included discussing the performance of the LGIP, endowments, and state cash flow. The treasurer's investment philosophy prioritizes safety, liquidity, then yield. LGIP pools performed well in Q4 2012. The endowment market value was $3.52 billion as of June 2012 with unrealized gains of $911 million. A new distribution formula based on a 5-year average was proposed. State cash flow and balances were up significantly year-over-year. Jim Palmer then presented on current market conditions, Fed policy, strategies around the yield curve and duration, and attractive sectors.
The document summarizes key topics from an LGIP quarterly meeting and conference call, including:
1) LGIP and endowment fund performance updates.
2) Proposed changes to the endowment distribution formula to provide smoother, more consistent distributions.
3) A state budget presentation reviewing Arizona's economic outlook and revenue forecasts.
4) Updates on state cash flow trends and the components driving individual income tax growth.
The document summarizes the agenda and presentations for a quarterly meeting and conference call of the Arizona Local Government Investment Pool (LGIP). Key topics included LGIP and endowment fund performance, earnings, new separately managed account products, and economic updates on the state of Arizona. An economic presentation was also given by Joseph Quinlan of U.S. Trust, Bank of America Private Wealth Management.
The document provides an overview of Barrick Gold Corporation's presentation at the Scotia Capital's Precious Metals Conference on November 27, 2007. It includes summaries of Barrick's financial performance in Q3 2007, outlook for 2007, focus on project execution including the Nevada power plant and Yanacocha gold mill, exploration and development pipeline including Conga and Akyem, and the proposed acquisition of Miramar Mining and its Hope Bay project. Charts are included showing historical gold prices, gold ETF holdings, Barrick's costs applicable to sales and equity gold sales in Q3 2007.
plains all american pipeline Annual Reports2007 finance13
- Plains All American Pipeline, L.P. (PAA) is a master limited partnership engaged in oil and gas transportation, storage, and marketing.
- In 2007, PAA achieved or exceeded its goals by delivering record financial results, successfully integrating its acquisition of Pacific Energy Partners, completing its largest capital program and acquisitions to date, and increasing distributions paid to unitholders by 14.4%.
- Looking ahead, PAA's goals for 2008 are to deliver strong operating and financial performance, successfully execute its capital program and pursue strategic acquisitions, and increase distributions year-over-year by $0.20 to $0.25 per unit.
This document is Toll Brothers' annual report which summarizes their strong financial performance in fiscal year 2005, ending October 31, 2005. Some key points:
- Toll Brothers had record results in 2005 with net income up 97% to $806.1 million, earnings per share up 90% to $4.78, total revenues up 50% to $5.79 billion, and contracts and backlog also up significantly.
- They attribute their success to expanding their operations nationally, developing high-quality communities across various luxury housing segments, and having over 83,000 home sites under control to support future growth.
- Looking ahead, Toll Brothers expects continued growth through expanding their community count and believes housing market fundament
QUALCOMM had a record year in 2004 with increased revenue, earnings, and operating cash flows due to growing adoption of 3G CDMA technology and advanced devices. Key highlights include:
- CDMA2000 and WCDMA 3G networks expanded significantly worldwide, driving strong demand for QUALCOMM's chipsets. QUALCOMM shipped over 137 million chipsets in fiscal year 2004, more than doubling the prior year's shipments.
- Mobile data usage increased as high-speed 3G networks and BREW-enabled devices enabled new multimedia services. Over 200 million BREW applications have been downloaded.
- South Korea and Japan led the rollout of 1xEV-DO wireless broadband networks, achieving over 10
This document is the 2008 Annual Report of The Clorox Company. It summarizes the company's financial highlights for fiscal year 2008, including net sales of $5.3 billion, net earnings of $899 million, and net cash provided by operations of $730 million. It discusses the company's focus on its Centennial Strategy, aimed at delivering double-digit annual growth in economic profit. Key accomplishments in fiscal 2008 included sales growth of 9%, cost savings of $93 million, and progress on strategic priorities around engagement, innovation, and growth. The report expresses confidence that Clorox is well-positioned in a challenging cost environment through its trusted brands, consumer insights, and operational focus.
The quarterly meeting agenda included discussing the performance of the LGIP, endowments, and state cash flow. The treasurer's investment philosophy prioritizes safety, liquidity, then yield. LGIP pools performed well in Q4 2012. The endowment market value was $3.52 billion as of June 2012 with unrealized gains of $911 million. A new distribution formula based on a 5-year average was proposed. State cash flow and balances were up significantly year-over-year. Jim Palmer then presented on current market conditions, Fed policy, strategies around the yield curve and duration, and attractive sectors.
The document summarizes key topics from an LGIP quarterly meeting and conference call, including:
1) LGIP and endowment fund performance updates.
2) Proposed changes to the endowment distribution formula to provide smoother, more consistent distributions.
3) A state budget presentation reviewing Arizona's economic outlook and revenue forecasts.
4) Updates on state cash flow trends and the components driving individual income tax growth.
The document summarizes the agenda and presentations for a quarterly meeting and conference call of the Arizona Local Government Investment Pool (LGIP). Key topics included LGIP and endowment fund performance, earnings, new separately managed account products, and economic updates on the state of Arizona. An economic presentation was also given by Joseph Quinlan of U.S. Trust, Bank of America Private Wealth Management.
The document provides an overview of Barrick Gold Corporation's presentation at the Scotia Capital's Precious Metals Conference on November 27, 2007. It includes summaries of Barrick's financial performance in Q3 2007, outlook for 2007, focus on project execution including the Nevada power plant and Yanacocha gold mill, exploration and development pipeline including Conga and Akyem, and the proposed acquisition of Miramar Mining and its Hope Bay project. Charts are included showing historical gold prices, gold ETF holdings, Barrick's costs applicable to sales and equity gold sales in Q3 2007.
plains all american pipeline Annual Reports2007 finance13
- Plains All American Pipeline, L.P. (PAA) is a master limited partnership engaged in oil and gas transportation, storage, and marketing.
- In 2007, PAA achieved or exceeded its goals by delivering record financial results, successfully integrating its acquisition of Pacific Energy Partners, completing its largest capital program and acquisitions to date, and increasing distributions paid to unitholders by 14.4%.
- Looking ahead, PAA's goals for 2008 are to deliver strong operating and financial performance, successfully execute its capital program and pursue strategic acquisitions, and increase distributions year-over-year by $0.20 to $0.25 per unit.
This document is Toll Brothers' annual report which summarizes their strong financial performance in fiscal year 2005, ending October 31, 2005. Some key points:
- Toll Brothers had record results in 2005 with net income up 97% to $806.1 million, earnings per share up 90% to $4.78, total revenues up 50% to $5.79 billion, and contracts and backlog also up significantly.
- They attribute their success to expanding their operations nationally, developing high-quality communities across various luxury housing segments, and having over 83,000 home sites under control to support future growth.
- Looking ahead, Toll Brothers expects continued growth through expanding their community count and believes housing market fundament
QUALCOMM had a record year in 2004 with increased revenue, earnings, and operating cash flows due to growing adoption of 3G CDMA technology and advanced devices. Key highlights include:
- CDMA2000 and WCDMA 3G networks expanded significantly worldwide, driving strong demand for QUALCOMM's chipsets. QUALCOMM shipped over 137 million chipsets in fiscal year 2004, more than doubling the prior year's shipments.
- Mobile data usage increased as high-speed 3G networks and BREW-enabled devices enabled new multimedia services. Over 200 million BREW applications have been downloaded.
- South Korea and Japan led the rollout of 1xEV-DO wireless broadband networks, achieving over 10
This document is the 2008 Annual Report of The Clorox Company. It summarizes the company's financial highlights for fiscal year 2008, including net sales of $5.3 billion, net earnings of $899 million, and net cash provided by operations of $730 million. It discusses the company's focus on its Centennial Strategy, aimed at delivering double-digit annual growth in economic profit. Key accomplishments in fiscal 2008 included sales growth of 9%, cost savings of $93 million, and progress on strategic priorities around engagement, innovation, and growth. The report expresses confidence that Clorox is well-positioned in a challenging cost environment through its trusted brands, consumer insights, and operational focus.
The document summarizes the IDeA Program, which includes several components aimed at supporting biomedical research in US states that historically receive lower levels of NIH funding. The key components are the Centers of Biomedical Research Excellence (COBRE) program, which provides funding to establish multidisciplinary research centers focused on a specific scientific theme and mentoring junior researchers; the IDeA Networks of Biomedical Research Excellence (INBRE) program, which supports statewide networks; and the IDeA Clinical and Translational Research program. Examples are provided of specific COBRE centers established in Oklahoma that have helped increase biomedical research funding and capacity in the state.
This 2001 annual report for AutoNation provides:
- Financial highlights showing record total revenue of $20.6 billion, earnings before interest, taxes, depreciation and amortization of $663 million, and diluted earnings per share of $0.87.
- An overview of AutoNation as the largest automotive retailer in the US, operating 371 franchises across 17 states, selling 35 brands of new vehicles and various automotive services.
- A letter from the CEO outlining a strategic focus on operational excellence, scale advantages, and building dominant local brands to drive future growth and shareholder returns.
- Details on AutoNation's operations across vehicle sales, parts and
This document provides the 4th quarter and full year 2007 results for Comcast Corporation. It discusses Comcast's focus on profitable growth and shareholder value. For 2008, Comcast expects consolidated revenue and operating cash flow growth of 8-10% and consolidated free cash flow growth of at least 20%. It also commits to returning capital to shareholders through stock repurchases and initiating a quarterly dividend. Charts show trends in Comcast's consolidated and cable segment results from 2005 to 2007.
As the impact of healthcare reform on the U.S. delivery system comes into focus, there is little doubt that it is a “game changer” for clinical engineering and biomedical equipment technology. Carol will describe and discuss the future of the CE and BMET professions under new regulations and a new payment system. She will address why medical devices will cost much more, why equipment must have longer life cycles, why CEs and BMETs will and must have more involvement in IT-related activities, how CEs’ and BMETs’ responsibilities in regulatory compliance will expand and how you can prepare for this new environment.
About Carol Davis-Smith, CCE
Career Summary
Carol Davis-Smith is a Director in Premier’s Consulting Solution Division with responsibility for the development and deployment of capital lifecycle management processes and tools to Premier staff and owners.
Education and Affiliations
Ms. Davis-Smith received a B.S. in bioengineering technology
from the University of Dayton and an M.S. in engineering from the University of Arizona. She is a certified clinical engineer and a member of the Association for the Advancement of Medical Instrumentation (AAMI). Over the past 20 years, she has presented and published papers on a variety of clinical engineering and capital contracting topics. In 2009, Ms. Davis-Smith received the AAMI Clinical Engineering Achievement Award.
The 2002 Symantec annual report summarizes the company's financial and operational performance for the fiscal year. Key highlights include revenue growing 13% to over $1 billion and net income growing 9% to $200.7 million. The enterprise security segment grew 29% and now makes up 42% of total revenue. Symantec also expanded its security product portfolio, strengthened partnerships, and invested in research and development. Going forward, Symantec aims to continue leading the industry through more integrated security solutions and rapid response to emerging threats.
Target Corporation's annual report for 2004 highlights the company's financial performance and strategic initiatives. Revenues grew 17% over the past 5 years to $46.8 billion in 2004. Earnings before interest and taxes grew 165% to $3.6 billion in the same period. The company sold its Mervyn's and Marshall Field's business units for $4.9 billion in pretax cash proceeds. Target also authorized a $3 billion share repurchase program. The report discusses Target's strategy of delivering quality, trend-right merchandise at compelling prices under its "Expect More. Pay Less." brand promise through product design, exclusive brands, store experience, and marketing campaigns. Target expects to operate about 2,000 stores by
Qualcomm continues to drive strong financial results as adoption of CDMA-based 3G technology grows globally. In 2005, Qualcomm saw increased revenue, earnings, and operating cash flow. The company invested in R&D and acquisitions to capitalize on opportunities in 3G and wireless applications for entertainment, productivity, and computing. Qualcomm aims to sustain its leadership in innovation and continue growing shareholder value.
The document provides a monthly market report for Maricopa County real estate from October 2012. It includes data on closed sales, pending sales, distressed sales, average sales price, days on market, and list to sales price ratio over the past 36 months. The report finds that closed sales increased 7.4% in October compared to the prior month. The average sales price reached its highest point since 2010 at $211,537, continuing an upward trend. Days on market decreased slightly. Non-distressed sales accounted for 61.2% of sales, the highest percentage in the reporting period.
Target Corporation reported strong financial results in 2003, with revenues reaching $48.2 billion, an increase of 10% from 2002. Net earnings grew 12% to $1.8 billion. Target opened 101 new stores in 2003, expanding its retail square footage by 8.8% as it pursued profitable growth. The annual report discusses Target's strategies to drive guest traffic and sales, such as focusing on consumable categories and offering exclusive design partnerships. It also outlines plans to continue expanding the Target store base and pursuing other initiatives to create value for shareholders.
Atlas Energy Barnett Shale Acquisition PresentationCompany Spotlight
The document discusses Atlas Resource Partners' acquisition of Barnett Shale assets from Carrizo Oil and Gas for $190 million. The acquisition is expected to be 6-12% accretive to distributions in 2012 and 7-15% accretive in 2013. ARP acquired 277 billion cubic feet equivalent of proved reserves located in the core of the Barnett Shale. If ARP makes similar future acquisitions totaling $1 billion, distributions could grow 191% over multiple years. The acquisition strengthens ARP's asset base and is expected to enhance distribution growth going forward.
- In the third quarter of 2012, the company saw revenues of $1.874 million, up 7% from the third quarter of 2011, though net profits declined to $129,000 from $44,000 in the prior year period.
- Growth products including proprietary table games and enhanced table systems experienced increases in both unit installations and quarterly revenue compared to a year ago.
- Short term growth is anticipated from returning clients and market expansion, while mid and long term growth will depend on expanded product placements, new product releases, and targeted acquisitions.
- Recent litigation has been resolved without significant financial impact to the company.
Red Crescent Resources is a junior mining company focused on zinc, lead, and copper projects in Turkey. It holds three main projects - the Hakkari Zinc Project, Sivas Copper Project, and Tufanbeyli Zinc Project. Red Crescent completed an initial resource estimate for Hakkari and aims to expand resources at all three projects through ongoing exploration. The company seeks to become a low-cost base metal producer in Turkey within five years. Red Crescent recently raised funds and acquired additional projects, positioning it for growth through exploration and potential future production.
Dejour Energy Inc. is an oil and gas exploration and production company focused on projects in Western Canada and the Western United States. It currently produces oil and gas from its Woodrush project in northeast British Columbia and holds natural gas assets in Colorado's Piceance Basin. The company is targeting increased production from Woodrush and plans to commence drilling at its Gibson Gulch project in Colorado in 2012. Management is focused on developing its core assets to fund higher-risk exploration plays while maintaining a balanced commodity exposure and managing capital risk through partnerships.
Whirlpool Corporation reported record financial results in 2006. Revenue reached $18.1 billion, up 26% from 2005. Earnings from continuing operations were $486 million, up 15% from the previous year. Cash flow from operating activities was $880 million. The acquisition of Maytag Corporation was completed in 2006 and is expected to generate over $400 million in annual efficiencies by 2008. Whirlpool aims to continue growing globally and offset rising material costs through innovation and operating efficiencies.
The document summarizes the performance and allocation of Arizona's endowment fund as of February 2012. It notes that the fund was updated in 2011 from a 50/50 to a 60/40 stock to bond allocation, increasing expected returns from 6% to 6.4% while also increasing risk. As of February 2012, the fund was valued at $3.52 billion and provided a record K-12 distribution of $77.8 million for fiscal year 2012. The document also discusses exploring changing the distribution formula to provide more stable annual distributions.
Group buying relies on four pillars: commerce, local, social, and mobile. The document recommends starting a social buying business, getting products on social buying sites, or adding social plugins. It also suggests playing social games by installing apps, identifying branding opportunities, or developing games. Additionally, it advises being ready for tablets by reimagining content for devices, using HTML5, and managing platform expectations.
El documento habla sobre la importancia creciente de los clientes y ciudadanos en la era digital. Con las redes sociales y la tecnología, los clientes y ciudadanos tienen ahora un gran poder para comunicarse e influir en las empresas y el gobierno. Las organizaciones deben adaptarse a esta nueva realidad y enfocarse más en satisfacer las necesidades e intereses de los clientes. El documento también analiza algunos temas relacionados con el servicio al cliente, las tecnologías de la información y la industria de las TIC en México.
Mobile search now accounts for 77% of all searches, close to the amount on personal computers. 73% of mobile searches directly trigger some type of action. Brands should focus on creating video and mobile-friendly content, as well as responding to audiences on social media, as these practices drive sales and engagement. Social commerce, which combines social media and ecommerce, can significantly increase the revenue per social media share.
Este documento propone establecer un proyecto de producción de carne de cerdo en el corregimiento de Turmina para mejorar la nutrición y los ingresos económicos de la región. El proyecto determinará la demanda de carne de cerdo, establecerá las instalaciones para la cría de cerdos, y elaborará un cronograma de actividades que incluye la compra de lechones y su alimentación para producir carne de cerdo de alta calidad para la comercialización.
North American venture capital investment in clean technology grew substantially between 1999 and 2008, rising from $0.279 billion annually in 1999 to $5.9 billion in 2008. Investment was lowest in the first quarters and highest in the fourth quarters of each year. Total annual investment more than doubled between 2005 and 2006, and again between 2006 and 2007.
The document summarizes the IDeA Program, which includes several components aimed at supporting biomedical research in US states that historically receive lower levels of NIH funding. The key components are the Centers of Biomedical Research Excellence (COBRE) program, which provides funding to establish multidisciplinary research centers focused on a specific scientific theme and mentoring junior researchers; the IDeA Networks of Biomedical Research Excellence (INBRE) program, which supports statewide networks; and the IDeA Clinical and Translational Research program. Examples are provided of specific COBRE centers established in Oklahoma that have helped increase biomedical research funding and capacity in the state.
This 2001 annual report for AutoNation provides:
- Financial highlights showing record total revenue of $20.6 billion, earnings before interest, taxes, depreciation and amortization of $663 million, and diluted earnings per share of $0.87.
- An overview of AutoNation as the largest automotive retailer in the US, operating 371 franchises across 17 states, selling 35 brands of new vehicles and various automotive services.
- A letter from the CEO outlining a strategic focus on operational excellence, scale advantages, and building dominant local brands to drive future growth and shareholder returns.
- Details on AutoNation's operations across vehicle sales, parts and
This document provides the 4th quarter and full year 2007 results for Comcast Corporation. It discusses Comcast's focus on profitable growth and shareholder value. For 2008, Comcast expects consolidated revenue and operating cash flow growth of 8-10% and consolidated free cash flow growth of at least 20%. It also commits to returning capital to shareholders through stock repurchases and initiating a quarterly dividend. Charts show trends in Comcast's consolidated and cable segment results from 2005 to 2007.
As the impact of healthcare reform on the U.S. delivery system comes into focus, there is little doubt that it is a “game changer” for clinical engineering and biomedical equipment technology. Carol will describe and discuss the future of the CE and BMET professions under new regulations and a new payment system. She will address why medical devices will cost much more, why equipment must have longer life cycles, why CEs and BMETs will and must have more involvement in IT-related activities, how CEs’ and BMETs’ responsibilities in regulatory compliance will expand and how you can prepare for this new environment.
About Carol Davis-Smith, CCE
Career Summary
Carol Davis-Smith is a Director in Premier’s Consulting Solution Division with responsibility for the development and deployment of capital lifecycle management processes and tools to Premier staff and owners.
Education and Affiliations
Ms. Davis-Smith received a B.S. in bioengineering technology
from the University of Dayton and an M.S. in engineering from the University of Arizona. She is a certified clinical engineer and a member of the Association for the Advancement of Medical Instrumentation (AAMI). Over the past 20 years, she has presented and published papers on a variety of clinical engineering and capital contracting topics. In 2009, Ms. Davis-Smith received the AAMI Clinical Engineering Achievement Award.
The 2002 Symantec annual report summarizes the company's financial and operational performance for the fiscal year. Key highlights include revenue growing 13% to over $1 billion and net income growing 9% to $200.7 million. The enterprise security segment grew 29% and now makes up 42% of total revenue. Symantec also expanded its security product portfolio, strengthened partnerships, and invested in research and development. Going forward, Symantec aims to continue leading the industry through more integrated security solutions and rapid response to emerging threats.
Target Corporation's annual report for 2004 highlights the company's financial performance and strategic initiatives. Revenues grew 17% over the past 5 years to $46.8 billion in 2004. Earnings before interest and taxes grew 165% to $3.6 billion in the same period. The company sold its Mervyn's and Marshall Field's business units for $4.9 billion in pretax cash proceeds. Target also authorized a $3 billion share repurchase program. The report discusses Target's strategy of delivering quality, trend-right merchandise at compelling prices under its "Expect More. Pay Less." brand promise through product design, exclusive brands, store experience, and marketing campaigns. Target expects to operate about 2,000 stores by
Qualcomm continues to drive strong financial results as adoption of CDMA-based 3G technology grows globally. In 2005, Qualcomm saw increased revenue, earnings, and operating cash flow. The company invested in R&D and acquisitions to capitalize on opportunities in 3G and wireless applications for entertainment, productivity, and computing. Qualcomm aims to sustain its leadership in innovation and continue growing shareholder value.
The document provides a monthly market report for Maricopa County real estate from October 2012. It includes data on closed sales, pending sales, distressed sales, average sales price, days on market, and list to sales price ratio over the past 36 months. The report finds that closed sales increased 7.4% in October compared to the prior month. The average sales price reached its highest point since 2010 at $211,537, continuing an upward trend. Days on market decreased slightly. Non-distressed sales accounted for 61.2% of sales, the highest percentage in the reporting period.
Target Corporation reported strong financial results in 2003, with revenues reaching $48.2 billion, an increase of 10% from 2002. Net earnings grew 12% to $1.8 billion. Target opened 101 new stores in 2003, expanding its retail square footage by 8.8% as it pursued profitable growth. The annual report discusses Target's strategies to drive guest traffic and sales, such as focusing on consumable categories and offering exclusive design partnerships. It also outlines plans to continue expanding the Target store base and pursuing other initiatives to create value for shareholders.
Atlas Energy Barnett Shale Acquisition PresentationCompany Spotlight
The document discusses Atlas Resource Partners' acquisition of Barnett Shale assets from Carrizo Oil and Gas for $190 million. The acquisition is expected to be 6-12% accretive to distributions in 2012 and 7-15% accretive in 2013. ARP acquired 277 billion cubic feet equivalent of proved reserves located in the core of the Barnett Shale. If ARP makes similar future acquisitions totaling $1 billion, distributions could grow 191% over multiple years. The acquisition strengthens ARP's asset base and is expected to enhance distribution growth going forward.
- In the third quarter of 2012, the company saw revenues of $1.874 million, up 7% from the third quarter of 2011, though net profits declined to $129,000 from $44,000 in the prior year period.
- Growth products including proprietary table games and enhanced table systems experienced increases in both unit installations and quarterly revenue compared to a year ago.
- Short term growth is anticipated from returning clients and market expansion, while mid and long term growth will depend on expanded product placements, new product releases, and targeted acquisitions.
- Recent litigation has been resolved without significant financial impact to the company.
Red Crescent Resources is a junior mining company focused on zinc, lead, and copper projects in Turkey. It holds three main projects - the Hakkari Zinc Project, Sivas Copper Project, and Tufanbeyli Zinc Project. Red Crescent completed an initial resource estimate for Hakkari and aims to expand resources at all three projects through ongoing exploration. The company seeks to become a low-cost base metal producer in Turkey within five years. Red Crescent recently raised funds and acquired additional projects, positioning it for growth through exploration and potential future production.
Dejour Energy Inc. is an oil and gas exploration and production company focused on projects in Western Canada and the Western United States. It currently produces oil and gas from its Woodrush project in northeast British Columbia and holds natural gas assets in Colorado's Piceance Basin. The company is targeting increased production from Woodrush and plans to commence drilling at its Gibson Gulch project in Colorado in 2012. Management is focused on developing its core assets to fund higher-risk exploration plays while maintaining a balanced commodity exposure and managing capital risk through partnerships.
Whirlpool Corporation reported record financial results in 2006. Revenue reached $18.1 billion, up 26% from 2005. Earnings from continuing operations were $486 million, up 15% from the previous year. Cash flow from operating activities was $880 million. The acquisition of Maytag Corporation was completed in 2006 and is expected to generate over $400 million in annual efficiencies by 2008. Whirlpool aims to continue growing globally and offset rising material costs through innovation and operating efficiencies.
The document summarizes the performance and allocation of Arizona's endowment fund as of February 2012. It notes that the fund was updated in 2011 from a 50/50 to a 60/40 stock to bond allocation, increasing expected returns from 6% to 6.4% while also increasing risk. As of February 2012, the fund was valued at $3.52 billion and provided a record K-12 distribution of $77.8 million for fiscal year 2012. The document also discusses exploring changing the distribution formula to provide more stable annual distributions.
Group buying relies on four pillars: commerce, local, social, and mobile. The document recommends starting a social buying business, getting products on social buying sites, or adding social plugins. It also suggests playing social games by installing apps, identifying branding opportunities, or developing games. Additionally, it advises being ready for tablets by reimagining content for devices, using HTML5, and managing platform expectations.
El documento habla sobre la importancia creciente de los clientes y ciudadanos en la era digital. Con las redes sociales y la tecnología, los clientes y ciudadanos tienen ahora un gran poder para comunicarse e influir en las empresas y el gobierno. Las organizaciones deben adaptarse a esta nueva realidad y enfocarse más en satisfacer las necesidades e intereses de los clientes. El documento también analiza algunos temas relacionados con el servicio al cliente, las tecnologías de la información y la industria de las TIC en México.
Mobile search now accounts for 77% of all searches, close to the amount on personal computers. 73% of mobile searches directly trigger some type of action. Brands should focus on creating video and mobile-friendly content, as well as responding to audiences on social media, as these practices drive sales and engagement. Social commerce, which combines social media and ecommerce, can significantly increase the revenue per social media share.
Este documento propone establecer un proyecto de producción de carne de cerdo en el corregimiento de Turmina para mejorar la nutrición y los ingresos económicos de la región. El proyecto determinará la demanda de carne de cerdo, establecerá las instalaciones para la cría de cerdos, y elaborará un cronograma de actividades que incluye la compra de lechones y su alimentación para producir carne de cerdo de alta calidad para la comercialización.
North American venture capital investment in clean technology grew substantially between 1999 and 2008, rising from $0.279 billion annually in 1999 to $5.9 billion in 2008. Investment was lowest in the first quarters and highest in the fourth quarters of each year. Total annual investment more than doubled between 2005 and 2006, and again between 2006 and 2007.
The document provides an overview of Barrick Gold Corporation's presentation at the Scotia Capital's Precious Metals Conference on November 27, 2007. It includes summaries of Barrick's financial performance in Q3 2007, outlook for 2007, focus on project execution including the Nevada power plant and Yanacocha gold mill, exploration and development pipeline including Conga and Akyem, and the proposed acquisition of Miramar Mining and its Hope Bay project. Charts are included showing historical gold prices, gold ETF holdings, Barrick's costs applicable to sales and equity gold sales in Q3 2007.
Monsanto outlines a two-step, two-horizon strategy to 20210 that focuses on growing its current portfolio and pipeline from 2006-2010, and leading through innovation in an increasingly competitive market. In the near term, Monsanto aims to grow the value of corn and cotton franchises by expanding market share and trait penetration. It also aims to establish stacked traits as the technology of choice for farmers. Longer term, Monsanto's strategy is to lead by commercializing new traits annually and expanding its global genetic footprint.
The document analyzes freight costs and identifies store direct shipments as a major factor. Specifically, store direct shipments of non-toy items like optical drives significantly increase freight costs due to their high average sales price compared to toy items. Actions are recommended to stop shipping non-toy items store direct, ship toy items in 10-packs to lower costs, and change the metric for toy item freight out from a percentage of revenue to a cost per unit.
This document summarizes the financial situation of the CUSD school district. It shows that for 2010-2011, revenue was $82.6 million while expenses were $84.22 million, resulting in a $1.62 million deficit. For 2011-2012, projected revenue is $71.25 million while expenses are projected to be $82.2 million, resulting in a projected $10.95 million deficit. To close this deficit, the document outlines over $11 million in potential expense reductions, including increasing class sizes, reducing staff through layoffs and furloughs, cutting programs and transportation, and closing an elementary school. It recommends approving the prior year's financial report and a resolution adopting financial limits.
Writing changedmylife.com automated ms excel invoicedfreelancer
The document provides instructions for using an automated invoice template for a writing business. It explains that the template calculates totals automatically each month based on the number of articles and rate per article entered for each client. The overall monthly income is also calculated automatically. The template is meant to simplify the monthly invoicing process.
UMH Properties, Inc. is a real estate investment trust that owns and operates manufactured home communities. The document includes two charts showing the company's total revenues and annual dividend per share increasing from 2006 to 2010. It also shows a chart on the company's sales and finance increasing over the same period.
- The document discusses Monsanto's third-quarter 2008 financial results and outlook.
- Monsanto reported strong earnings growth of 41% in the third quarter of 2008 compared to the same period in 2007, with ongoing diluted earnings per share of $1.45.
- For the full year 2008, Monsanto expects ongoing diluted earnings per share to increase approximately 70% over 2007, reaching around $3.40 per share.
- The document discusses Monsanto's third-quarter 2008 financial results and outlook.
- Monsanto reported strong earnings growth of 41% in the third quarter of 2008 compared to the same period in 2007, with ongoing diluted earnings per share of $1.45.
- For the full year 2008, Monsanto expects ongoing diluted earnings per share to increase approximately 70% over 2007, reaching around $3.40 per share.
Kerry Preete, Vice President of U.S. Crop Production at Monsanto, presented at the Banc of America Field of Dreams Tour on July 12-13, 2005. The presentation discussed Monsanto's market leadership in biotech traits, with global biotech acreage growing 11% and U.S. acreage growing 4% in 2005. It also overviewed Monsanto's pipeline of new biotech traits for corn, cotton, and soybeans that will drive continued growth and deliver value to farmers through improved yields and weed control.
The document reports annual performance data for a diversified asset management portfolio and the S&P 500 from 1999-2008. It shows the portfolio outperformed the S&P 500 in most years, with gains in 1999, 2000, 2003-2007 and losses in 2001-2002 and 2008. Asset allocations within the portfolio are also provided for several years.
The document outlines the costs, profits, and expenses for a small grocery store business over the course of a year. It details the individual items sold, total costs and profits, employee and advertising expenses, monthly and yearly income and profits both with and without taking out a loan. The document also includes a repayment schedule showing the monthly payments over a year to pay back the $2,500 loan plus $42.50 in annual interest.
The document outlines the costs, profits, and expenses for a small grocery store business over the course of a year. It details the individual items sold, total costs and profits, employee and advertising expenses, monthly and yearly income and profits both with and without taking out a loan. The document also includes a repayment schedule showing the monthly payments over a year to pay back the $2,500 loan plus $42.50 in annual interest.
The document summarizes the installation costs for the company "Patito S.A de C.V" over the first quarter. It shows the costs of internet, electricity, water, air conditioning, and gas for July, August and September. The total installation costs for the quarter were $19,404. A chart shows that in August, air conditioning accounted for 33% of costs, while electricity was 16% and gas was 14%.
This document discusses a local Maori perspective on international trade deals, climate policy, and the global financial crisis in New Zealand. It outlines several sustainable development projects for Ngati Porou lands, including land-based aquaculture, manuka honey, renewable energy, and protected cultivation using greenhouse technology. Projections show that best practice management could significantly increase Ngati Porou wealth, jobs, and salaries over the next 20 years compared to doing nothing.
The document contains sales data for MP3s and mobile services by category and year. It also includes budget data for an environmental club by quarter. The MP3 sales were highest in the West region and for the video category. Sales of standard mobile phones decreased from 2005 to 2008 while music phones increased. The environmental club spent the most on travel and the least on refreshments, with expenditures varying by quarter.
The document shows monthly expense tracking sheets for January, February, and March. It demonstrates how to link cells across worksheets to calculate running totals for expenses by using formulas that reference cell values from the previous month's worksheet. This allows the user to see year-to-date expense totals that automatically update as new monthly data is added each period.
The document shows transaction records for multiple people from January to July 2012. It includes each person's name, transaction dates, amounts, and totals. Beatriz had a $50 transaction on 07/01/2012. Ricardo had transactions of $20 on 08/01/2012 and $40 on 14/01/2012, totaling $60. Mariel had transactions of $50 on 09/01/2012 and $20 on 17/01/2012, totaling $70. Lourdes and Juan each had transactions of $50 on 09/01/2012 and 17/01/2012, totaling $100 for each. The overall total across all transactions was $450.
The document outlines a person's monthly budget for the first six months of the year. It includes categories for mortgage, car payment, insurance, phone, credit card, groceries, and gas. The total monthly expenses are listed for each month, along with total income and savings. The percent of income saved each month is also shown, ranging from 40% to 100% over the six month period outlined.
The document appears to be a presentation reviewing the business performance of a company from 2003-2008. It includes graphs and data on revenues, costs, profits, sales mix, product mix, growth, and market share over this period. The presentation discusses strengths, weaknesses, opportunities, and threats and lays out a strategic plan and vision to diversify products, reengineer operations, and strengthen marketing efforts going forward.
2. AGENDA
LGIP Performance
Endowment Performance
Endowment Distribution Formula
State Cash Flow
Guest Presentation: Dr. Jim Paulsen,
Chief Investment Strategist for Wells
Capital Management
Q&A
ARIZONA STATE TREASURER DOUG DUCEY
3. INVESTMENT PHILOSOPHY
SAFETY
before
LIQUIDITY
before
YIELD
ARIZONA STATE TREASURER DOUG DUCEY
4. EARNINGS FOR FY 2013 YTD
$29,673,076
ARIZONA STATE TREASURER DOUG DUCEY
10. Separately Managed Accounts (SMAs)
Designed for those seeking a customized
investing solution based on your risk tolerance,
liquidity needs and duration target.
Monthly Liquidity
Requires $100 million minimum deposit
Pre-Meeting with Portfolio Manager to set up
Account and determine investing needs.
Costs: Standard 6 basis points, plus yearly
accounting charges of $20,000 out of earnings
(equivalent to 2 basis points.)
Contact Deputy Treasurer Mark Swenson
ARIZONA STATE TREASURER DOUG DUCEY
11. OPERATING UPDATES
New key phone numbers:
Main number 602-542-7800
LGIP Line 602-542-7834
Mark Swenson 602-542-7877
Dale Stomberg 602-542-7833
ARIZONA STATE TREASURER DOUG DUCEY
13. Billions
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
December 2006
March 2007
June 2007
September 2007
December 2007
March 2008
June 2008
ARIZONA STATE TREASURER DOUG DUCEY
September 2008
December 2008
March 2009
June 2009
September 2009
December 2009
March 2010
Endowment Market Value
June 2010
September 2010
December 2010
March 2011
June 2011
ENDOWMENT MARKET VALUE
$3.7
September 2011
Billion
December 2011
March 2012
June 2012
September 2012
14. Billions
-$0.20
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
December 2006
March 2007
June 2007
September 2007
December 2007
March 2008
June 2008
ARIZONA STATE TREASURER DOUG DUCEY
September 2008
December 2008
March 2009
June 2009
September 2009
December 2009
March 2010
June 2010
September 2010
December 2010
Total Endowment Unrealized gains/losses
March 2011
June 2011
September 2011
ENDOWMENT UNREALIZED GAINS
December 2011
March 2012
$1.05
June 2012
Billion
September 2012
15. ENDOWMENT ASSET ALLOCATION
$3.7 Billion
8.7%
$1,549.4 million
Fixed Income
$542.2 million
14.9% $1,600.04M $502.79M
40.4% S&P 500
S&P 400
35.9% $1,122.1 million
$1,052.42M
S&P 600
As of 9/30/2012
ARIZONA STATE TREASURER DOUG DUCEY
16. PROPOSED ENDOWMENT
DISTRIBUTION
FORMULA
OFFICE OF THE ARIZONA STATE TREASURER
17. SMOOTHER, CONSISTENT DISTRIBUTIONS
5-Year
Average
Market Value
X
2.5%
Annual
Distribution
Takes 2.5% of the average monthly market value from
each of the previous five years
ARIZONA STATE TREASURER DOUG DUCEY
19. STATE CASH FLOW
TOTAL OPERATING ACCOUNT AVERAGE MONTHLY BALANCE
Up 70% in First Quarter YOY
$3,000 Mar'01-Nov '01 Dec'07-June '09
Jul '90-Mar '91
Recession Recession Recession
$1.42 billion
$2,500
in September
$2,000
$1,500
$1,000
$500
Millions
$0
-$500
-$1,000
ARIZONA STATE TREASURER DOUG DUCEY
24. AZ HOUSING PRICES
S & P/Case Schiller Housing Price Index for Phoenix
250
200
150
100
50
Source: Bloomberg 2012 L.P.
0
ARIZONA STATE TREASURER DOUG DUCEY
25. Guest Presentation:
Dr. Jim Paulsen, Chief Investment Strategist for
Wells Capital Management
OFFICE OF THE ARIZONA STATE TREASURER
26. Economic & Financial Market Update
www.wellscap.com
November 2012
James W. Paulsen, Ph.D., Chief Investment Strategist
27. Older Demographics Have Altered Economic
Recoveries in Three Major Ways!!!
1. Slower SPEED LIMIT!
2. Delayed Recoveries!!
“Slow Starters… But, Long FINISHERS”
3. YEAR “4” GEARING!!?
Economic and Financial Market Update – November 2012
28. “New-Normal” Working-Age Population
Growth!??!
U.S. Working Age Population
Shown on a natural log scale
Annual Growth in U.S. Real GDP
Economic and Financial Market Update – November 2012
29. Contemporary Recovery Weaker, But Similar to
1991/2001 Pattern!?
Cumulative Percent Recovery Gain in Real GDP Cumulative Percent Recovery Gain in Real GDI
Current Recovery vs. 1990/2001 Average Current Recovery vs. 1990/2001 Average
Private Cumulative Percent Job Creation
TOTAL Cumulative Percent Job Creation
Current Recovery vs. 1990/2001 Average
Current Recovery vs. 1990/2001
Economic and Financial Market Update – November 2012
30. Jobs & Confidence Recoveries Delayed!?!
Consumer Confidence Index* & Recoveries
U.S. Unemployment Rate & Recoveries *Conference Boards Consumer Confidence Index.
Shown on a natural log scale.
Shaded areas represent recessions.
Economic and Financial Market Update – November 2012
32. Federal Reserve Following Playbook of Last
Two Recoveries!?!
Federal Reserve Policy Response Federal Reserve Policy Response
Fed Funds Rate Fed Funds Rate
1991 Recovery 2001 Recovery
Economic and Financial Market Update – November 2012
33. How to GEAR?? Jobs & Confidence!!!
Consumer Confidence vs. U.S. Unemployment Rate
Economic and Financial Market Update – November 2012
34. ECONOMY is GEARING: #1 JOB MARKET!!
Total U.S. Household Employment Total U.S. Labor Force
In Millions In Millions
U.S Labor Unemployment Rate
Economic and Financial Market Update – November 2012
35. ECONOMY is GEARING: #2 CONFIDENCE!!
Conference Board Consumer Confidence
Present Situation Index
Economic and Financial Market Update – November 2012
36. ECONOMY IS GEARING: #3 Net WORTHS &
#4 Debt BURDENS!!
Total Household Net Worth U.S. Household Financial Obligations
In Trillions of U.S. Dollars Ratio
Economic and Financial Market Update – November 2012
37. ECONOMY is GEARING: #5 Housing Activity &
#6 Home Prices!!
National Association of Homebuilders FHFA U.S. House Price Index
Market Survey Index
Economic and Financial Market Update – November 2012