This document provides a summary of UGI's financial results for fiscal year 2015 and guidance for fiscal year 2016. Key highlights include record earnings per share for FY2015 despite warmer weather. Growth was driven by acquisitions including Finagaz in France and organic projects. FY2016 guidance forecasts continued earnings growth of 11% driven by projects expanding infrastructure and services.
UGI Corporation reported financial results for the first quarter of 2014, with adjusted earnings per share increasing 21% compared to the prior year period. Operational performance was strong across business segments due to colder weather. AmeriGas Propane saw a 19% rise in adjusted EBITDA driven by volume growth and expense control. The Gas Utility benefited from margin growth from new customers and conversions. Midstream & Marketing saw higher margins in gas marketing and electric generation, though power marketing margins declined. UGI reaffirmed full-year 2014 adjusted EPS guidance.
- UGI reported adjusted EPS of $1.24 for Q2 2016, down from $1.26 in Q2 2015 due to significantly warmer weather. Weather was 24-25% warmer than the prior year across UGI's businesses.
- Despite the warm weather, results demonstrated benefits of a diversified portfolio through cost controls and margin management. Guidance was revised to $1.95-2.05 per share.
- Key accomplishments included a rate case filing at UGI Utilities and strong integration of the Finagaz acquisition. Strategic investments continued in midstream infrastructure and the utilities business.
- Third quarter earnings results presentation from Masco Corporation dated October 27, 2015
- Sales increased 4% excluding foreign currency effects, with North American sales up 3% and international up 4%
- Improved demand, operating leverage, cost control and cost productivity drove profit margin expansion and earnings growth despite currency headwinds
- All business segments showed strong profitability with margins expanding across most segments
UGI Corporation reported first quarter fiscal year 2018 results. Adjusted EPS increased 11% to $1.01 compared to $0.91 in the prior year period, driven by tax law changes and core business operations, partially offset by warmer weather. Individual business unit results were mixed - AmeriGas was flat due to uneven weather, while Midstream & Marketing and Utilities saw earnings gains due to colder weather and growth. International results benefited from acquisitions but were impacted by warmer weather. The company reiterated growth drivers including PennEast pipeline, midstream expansion, utility investments, and AmeriGas cylinder exchange and national accounts growth.
- UGI's Q1 2016 earnings were impacted by significantly warmer weather compared to the prior year period, which lowered volumes. However, this was partially offset by benefits from investments in Midstream & Marketing and the acquisition of Finagaz.
- AmeriGas saw lower volumes due to weather that was nearly 17% warmer than the prior year, but achieved higher unit margins and lower operating expenses.
- UGI International saw higher total margin and earnings due to the Finagaz acquisition, partially offset by warmer weather impacts. Integration is progressing on or ahead of schedule.
- Utilities saw lower throughput from warmer weather, but customer additions partially offset this impact. A rate case was filed in Q2 2016.
Garmin 2016 Q1 earning s call webcast slidesLudovic Privat
- Garmin reported consolidated revenue of $624 million for Q1 2016, up 7% from the previous year, driven by strong growth in the outdoor, fitness, aviation and marine segments.
- Gross and operating margins for Q1 2016 were 54.5% and 16.6% respectively. GAAP and pro forma EPS were $0.46 and $0.49.
- The fitness segment saw revenue growth of 9% due to strong demand for products with Garmin Elevate wrist heart rate technology. The outdoor segment saw 33% revenue growth driven by strong demand for the fenix line of products.
UGI reported record fiscal year 2016 earnings despite warm weather. Earnings were driven by contributions from growth initiatives and acquisitions. Looking ahead, UGI expects continued earnings growth of 16% in fiscal year 2017 from ongoing organic growth, strategic investments, and a return to more normal weather. UGI is well positioned for further growth with a strong balance sheet and cash flows.
RioCan Investor Presentation for the second quarter of 2015. The presentation discusses RioCan's portfolio of retail properties in Canada and the US, key financial highlights from Q2 2015, and an overview of non-GAAP financial measures used by RioCan to assess performance. RioCan also notes it has engaged advisors to conduct a strategic review of its US operations and will update the market on options in late 2015 or early 2016.
UGI Corporation reported financial results for the first quarter of 2014, with adjusted earnings per share increasing 21% compared to the prior year period. Operational performance was strong across business segments due to colder weather. AmeriGas Propane saw a 19% rise in adjusted EBITDA driven by volume growth and expense control. The Gas Utility benefited from margin growth from new customers and conversions. Midstream & Marketing saw higher margins in gas marketing and electric generation, though power marketing margins declined. UGI reaffirmed full-year 2014 adjusted EPS guidance.
- UGI reported adjusted EPS of $1.24 for Q2 2016, down from $1.26 in Q2 2015 due to significantly warmer weather. Weather was 24-25% warmer than the prior year across UGI's businesses.
- Despite the warm weather, results demonstrated benefits of a diversified portfolio through cost controls and margin management. Guidance was revised to $1.95-2.05 per share.
- Key accomplishments included a rate case filing at UGI Utilities and strong integration of the Finagaz acquisition. Strategic investments continued in midstream infrastructure and the utilities business.
- Third quarter earnings results presentation from Masco Corporation dated October 27, 2015
- Sales increased 4% excluding foreign currency effects, with North American sales up 3% and international up 4%
- Improved demand, operating leverage, cost control and cost productivity drove profit margin expansion and earnings growth despite currency headwinds
- All business segments showed strong profitability with margins expanding across most segments
UGI Corporation reported first quarter fiscal year 2018 results. Adjusted EPS increased 11% to $1.01 compared to $0.91 in the prior year period, driven by tax law changes and core business operations, partially offset by warmer weather. Individual business unit results were mixed - AmeriGas was flat due to uneven weather, while Midstream & Marketing and Utilities saw earnings gains due to colder weather and growth. International results benefited from acquisitions but were impacted by warmer weather. The company reiterated growth drivers including PennEast pipeline, midstream expansion, utility investments, and AmeriGas cylinder exchange and national accounts growth.
- UGI's Q1 2016 earnings were impacted by significantly warmer weather compared to the prior year period, which lowered volumes. However, this was partially offset by benefits from investments in Midstream & Marketing and the acquisition of Finagaz.
- AmeriGas saw lower volumes due to weather that was nearly 17% warmer than the prior year, but achieved higher unit margins and lower operating expenses.
- UGI International saw higher total margin and earnings due to the Finagaz acquisition, partially offset by warmer weather impacts. Integration is progressing on or ahead of schedule.
- Utilities saw lower throughput from warmer weather, but customer additions partially offset this impact. A rate case was filed in Q2 2016.
Garmin 2016 Q1 earning s call webcast slidesLudovic Privat
- Garmin reported consolidated revenue of $624 million for Q1 2016, up 7% from the previous year, driven by strong growth in the outdoor, fitness, aviation and marine segments.
- Gross and operating margins for Q1 2016 were 54.5% and 16.6% respectively. GAAP and pro forma EPS were $0.46 and $0.49.
- The fitness segment saw revenue growth of 9% due to strong demand for products with Garmin Elevate wrist heart rate technology. The outdoor segment saw 33% revenue growth driven by strong demand for the fenix line of products.
UGI reported record fiscal year 2016 earnings despite warm weather. Earnings were driven by contributions from growth initiatives and acquisitions. Looking ahead, UGI expects continued earnings growth of 16% in fiscal year 2017 from ongoing organic growth, strategic investments, and a return to more normal weather. UGI is well positioned for further growth with a strong balance sheet and cash flows.
RioCan Investor Presentation for the second quarter of 2015. The presentation discusses RioCan's portfolio of retail properties in Canada and the US, key financial highlights from Q2 2015, and an overview of non-GAAP financial measures used by RioCan to assess performance. RioCan also notes it has engaged advisors to conduct a strategic review of its US operations and will update the market on options in late 2015 or early 2016.
- Garmin reported Q3 2015 revenue of $680 million, down 4% year-over-year due to a strong US dollar. Earnings per share were $0.51.
- Fitness segment revenue grew 23% driven by strong sales of activity trackers, multisport devices, and cycling products.
- Guidance for full-year 2015 was updated with expected revenue of $2.8 billion, gross margin of 53.5%, operating margin of 18.5%, and EPS of $2.25.
- The company generated $124 million in free cash flow for Q3 2015 and repurchased $51 million of its shares.
This document provides an earnings presentation by Masco Corporation for the third quarter of 2014. Some key points include:
- Masco reported 4% revenue growth and a 9% increase in adjusted operating profit for Q3 2014 compared to Q3 2013.
- Operating margin expanded by 60 basis points due to consistent execution and strong operating leverage.
- Plumbing Products sales increased 4% driven by strength in wholesale/trade channels, while Decorative Architectural Products sales were flat in a challenging comparison to the prior year.
- Cabinets and Related Products incurred restructuring charges but grew sales 2% through initiatives in the dealer channel.
- Garmin reported strong revenue and earnings growth in Q3 2014, with revenue up 10% and pro forma EPS growth of 10%. The non-auto/mobile segments grew revenue 24% and contributed 56% of total revenue.
- All business segments except automotive/mobile saw revenue and operating income growth. Fitness revenue was up 43% and aviation was up 19%.
- Garmin updated full-year 2014 guidance with revenue expected to be around $2.85 billion and pro forma EPS expected to be approximately $3.10.
UGI Corporation reported record GAAP and adjusted EPS for Q2 2018. All four of its business units saw higher year-over-year results. Adjusted EPS increased 29% to $1.69 per share compared to $1.31 in Q2 2017. Favorable weather contributed to increased volumes and margins across many of the business units. Tax reform benefits also contributed $0.19 per share to adjusted EPS. AmeriGas saw a 14% increase in adjusted EBITDA due to 10% higher volumes from weather that was 14% colder than the prior year. UGI International benefited from acquisitions, currency rates, and colder weather in its international markets.
Thermal Energy International reported strong financial results for the second quarter and first half of fiscal year 2020. Revenue and profits increased significantly compared to the same periods last year. The order backlog also increased substantially. Recent large orders were received from several global companies across industries. Thermal Energy International is positioned for continued growth due to the large market opportunity, established sales platform, proprietary product offerings, and growing team and global presence.
Masco Corporation reported financial results for the fourth quarter and full year of 2015. Total company sales increased 6% in the fourth quarter excluding foreign currency effects. North American sales increased 5% while international sales grew 4% locally. For the full year, adjusted operating profit increased 21% to $927 million and adjusted earnings per share increased 35% to $1.19 due to continued execution of strategic initiatives, sales growth, operating leverage and cost reductions.
DuPont reported its second quarter 2014 earnings. Key points include:
- Overall sales were down 1% due to lower corn seed volumes and currency impacts, while operating earnings were down 5%.
- Several business segments saw earnings gains from higher volumes and margins, including Nutrition & Health (+72%), Industrial Biosciences (+37%), and Safety & Protection (+22%).
- Performance Materials earnings declined 9% due to a scheduled facility outage. Agriculture earnings fell 11% on lower corn seed volumes.
- The company reaffirmed its full-year operating EPS outlook of $4.00-$4.10 per share and discussed ongoing redesign initiatives and the planned Performance Chemicals spin-off.
- WestRock reported positive Q2 FY18 results with revenue growth, higher earnings per share, and margin expansion. Key highlights included a 6.8% increase in North American corrugated box shipments, strong consumer packaging backlogs, and price increases across corrugated and consumer grades. The company achieved productivity savings and synergy targets but earnings were negatively impacted by $28 million from severe winter weather. WestRock is implementing strategic investments and pursuing the planned acquisition of KapStone.
- Owens Corning presented at an investor event on February 22, 2017 to discuss its Q1 2017 performance and outlook.
- The presentation highlighted Owens Corning's focus on shareholder value and discussed its three strong business segments: Insulation, Roofing, and Composites.
- Owens Corning has improved its portfolio and financial profile through cost reductions, acquisitions, investing in premium products, and improving capital efficiency. This has increased margins, return on capital, and free cash flow.
Cia Hering reported a 3.9% decrease in gross revenues for 2Q14 compared to the prior year, which it attributed to macroeconomic factors, the World Cup's negative impact on apparel retail, and unfavorable weather. EBITDA declined 16.9% due to lower sales and higher promotional activity, while net income fell 16.5%. The company expects challenges to continue for the rest of the year but believes actions taken will help return to growth.
- DuPont's 1Q 2015 earnings results were lower than 1Q 2014, with operating earnings down 15% and GAAP earnings down 27%. Segment operating earnings were down 14%. Net sales declined 9%, driven by currency impacts.
- Performance Materials results were up due to strong volume growth in ethylene and performance polymers, offsetting lower ethylene prices. Electronics & Communications grew on higher consumer electronics demand. Agriculture results declined due to currency impacts and lower planted corn acreage.
- DuPont expects Chemours to declare a $100M dividend in 3Q15 after the planned Performance Chemicals spinoff in July 2015, and for DuPont to return the majority of the $4B proceeds to shareholders via share repurch
Wolters Kluwer reported half-year 2015 results that were on track to meet full-year guidance. Revenues grew 2% organically driven by 7% organic growth in high-growth positions. Adjusted operating profit increased 5% in constant currencies and adjusted EPS grew 5% in constant currencies. The company reiterated full-year guidance and introduced an interim dividend for 2015 to better align with cash flow timing.
- WestRock reported Q2 FY17 results with adjusted EPS of $0.54 and adjusted free cash flow of $109 million.
- Segment sales were $3.656 billion. Productivity initiatives contributed $103 million in cost savings.
- Corrugated packaging sales were $2.065 billion. North America EBITDA margin was 15.9%.
- Consumer packaging sales were $1.555 billion. Adjusted segment EBITDA margin increased 100 bps to 15.1%.
- Land and development segment income was $18 million, excluding a $43 million impairment charge. The monetization program is on track to generate $150-175 million in after-tax cash flow for
Watts Water Technologies held its 3Q 2016 earnings conference call on November 3, 2016. The company reported solid results with strong operating margins and EPS growth despite top-line headwinds in the Americas. Watts continues investments to support future growth and productivity initiatives while transformation initiatives are on track. End markets remain mixed as Watts acquires PVI Industries to further enhance its portfolio.
Wolters Kluwer, a global leader in professional information services, released its 2015 Full-Year Results. For the full report, visit http://wolterskluwer.com/investors.
- Wolters Kluwer reported good first half 2014 results and is on track to achieve full year guidance. Organic revenue growth was 1% driven by strong growth in digital products.
- Adjusted operating profit decreased 6% due to planned restructuring initiatives, which are progressing well. Adjusted EPS increased 1% in constant currencies.
- Digital revenues grew 5% organically and now represent 68% of total revenues. Leading high growth divisions like Health grew organically by 5%.
- Net debt increased due to acquisitions, dividend payments, and restructuring investments, with the net debt to EBITDA ratio remaining stable at 2.6x.
Ugi 2015 q3 earnings call presentation v finalUGI_Corporation
The document provides information on UGI Corporation's Q3 2015 earnings conference call. It includes:
- UGI reported adjusted EPS of $0.03 compared to $0.10 in Q3 2014, impacted by a $0.06 loss from its Totalgaz acquisition.
- Business unit results were mixed - AmeriGas saw lower volume due to warmer weather but higher margins, while UGI International faced acquisition costs and currency impacts.
- Midstream & Marketing had higher natural gas and power margins but lower capacity management income.
- The company reiterated its FY2015 adjusted EPS guidance range despite the Totalgaz impact.
This presentation provides an overview of UGI International, a subsidiary of UGI Corporation. UGI International operates propane and butane distribution businesses across 16 countries in Europe. The presentation discusses UGI International's history of acquisitions in Europe since 1999, its current operations across various countries, and its financial performance in recent years. It also outlines several of UGI International's growth opportunities, including expanding in existing markets through acquisitions or conversions from heating oil to propane, and potentially entering new markets.
This document summarizes an analyst day presentation by UGI Corporation. It discusses UGI's diverse business segments, including utilities, energy services, and propane distribution. It highlights recent investments and growth opportunities across its businesses. Management provides guidance of 6-10% annual EPS growth driven by organic growth projects and acquisitions. The utilities segment overview discusses its strong customer growth, infrastructure investments, and opportunities to expand natural gas access in Pennsylvania.
250 Municípios mais violentos do BrasilBruno Muniz
Este documento lista 202 municípios brasileiros com suas respectivas taxas de homicídios por arma de fogo entre 2010-2012. O município de Simões Filho na Bahia apresentou a maior taxa de homicídios no período, enquanto o município de Crisópolis na Bahia apresentou a menor taxa.
- Garmin reported Q3 2015 revenue of $680 million, down 4% year-over-year due to a strong US dollar. Earnings per share were $0.51.
- Fitness segment revenue grew 23% driven by strong sales of activity trackers, multisport devices, and cycling products.
- Guidance for full-year 2015 was updated with expected revenue of $2.8 billion, gross margin of 53.5%, operating margin of 18.5%, and EPS of $2.25.
- The company generated $124 million in free cash flow for Q3 2015 and repurchased $51 million of its shares.
This document provides an earnings presentation by Masco Corporation for the third quarter of 2014. Some key points include:
- Masco reported 4% revenue growth and a 9% increase in adjusted operating profit for Q3 2014 compared to Q3 2013.
- Operating margin expanded by 60 basis points due to consistent execution and strong operating leverage.
- Plumbing Products sales increased 4% driven by strength in wholesale/trade channels, while Decorative Architectural Products sales were flat in a challenging comparison to the prior year.
- Cabinets and Related Products incurred restructuring charges but grew sales 2% through initiatives in the dealer channel.
- Garmin reported strong revenue and earnings growth in Q3 2014, with revenue up 10% and pro forma EPS growth of 10%. The non-auto/mobile segments grew revenue 24% and contributed 56% of total revenue.
- All business segments except automotive/mobile saw revenue and operating income growth. Fitness revenue was up 43% and aviation was up 19%.
- Garmin updated full-year 2014 guidance with revenue expected to be around $2.85 billion and pro forma EPS expected to be approximately $3.10.
UGI Corporation reported record GAAP and adjusted EPS for Q2 2018. All four of its business units saw higher year-over-year results. Adjusted EPS increased 29% to $1.69 per share compared to $1.31 in Q2 2017. Favorable weather contributed to increased volumes and margins across many of the business units. Tax reform benefits also contributed $0.19 per share to adjusted EPS. AmeriGas saw a 14% increase in adjusted EBITDA due to 10% higher volumes from weather that was 14% colder than the prior year. UGI International benefited from acquisitions, currency rates, and colder weather in its international markets.
Thermal Energy International reported strong financial results for the second quarter and first half of fiscal year 2020. Revenue and profits increased significantly compared to the same periods last year. The order backlog also increased substantially. Recent large orders were received from several global companies across industries. Thermal Energy International is positioned for continued growth due to the large market opportunity, established sales platform, proprietary product offerings, and growing team and global presence.
Masco Corporation reported financial results for the fourth quarter and full year of 2015. Total company sales increased 6% in the fourth quarter excluding foreign currency effects. North American sales increased 5% while international sales grew 4% locally. For the full year, adjusted operating profit increased 21% to $927 million and adjusted earnings per share increased 35% to $1.19 due to continued execution of strategic initiatives, sales growth, operating leverage and cost reductions.
DuPont reported its second quarter 2014 earnings. Key points include:
- Overall sales were down 1% due to lower corn seed volumes and currency impacts, while operating earnings were down 5%.
- Several business segments saw earnings gains from higher volumes and margins, including Nutrition & Health (+72%), Industrial Biosciences (+37%), and Safety & Protection (+22%).
- Performance Materials earnings declined 9% due to a scheduled facility outage. Agriculture earnings fell 11% on lower corn seed volumes.
- The company reaffirmed its full-year operating EPS outlook of $4.00-$4.10 per share and discussed ongoing redesign initiatives and the planned Performance Chemicals spin-off.
- WestRock reported positive Q2 FY18 results with revenue growth, higher earnings per share, and margin expansion. Key highlights included a 6.8% increase in North American corrugated box shipments, strong consumer packaging backlogs, and price increases across corrugated and consumer grades. The company achieved productivity savings and synergy targets but earnings were negatively impacted by $28 million from severe winter weather. WestRock is implementing strategic investments and pursuing the planned acquisition of KapStone.
- Owens Corning presented at an investor event on February 22, 2017 to discuss its Q1 2017 performance and outlook.
- The presentation highlighted Owens Corning's focus on shareholder value and discussed its three strong business segments: Insulation, Roofing, and Composites.
- Owens Corning has improved its portfolio and financial profile through cost reductions, acquisitions, investing in premium products, and improving capital efficiency. This has increased margins, return on capital, and free cash flow.
Cia Hering reported a 3.9% decrease in gross revenues for 2Q14 compared to the prior year, which it attributed to macroeconomic factors, the World Cup's negative impact on apparel retail, and unfavorable weather. EBITDA declined 16.9% due to lower sales and higher promotional activity, while net income fell 16.5%. The company expects challenges to continue for the rest of the year but believes actions taken will help return to growth.
- DuPont's 1Q 2015 earnings results were lower than 1Q 2014, with operating earnings down 15% and GAAP earnings down 27%. Segment operating earnings were down 14%. Net sales declined 9%, driven by currency impacts.
- Performance Materials results were up due to strong volume growth in ethylene and performance polymers, offsetting lower ethylene prices. Electronics & Communications grew on higher consumer electronics demand. Agriculture results declined due to currency impacts and lower planted corn acreage.
- DuPont expects Chemours to declare a $100M dividend in 3Q15 after the planned Performance Chemicals spinoff in July 2015, and for DuPont to return the majority of the $4B proceeds to shareholders via share repurch
Wolters Kluwer reported half-year 2015 results that were on track to meet full-year guidance. Revenues grew 2% organically driven by 7% organic growth in high-growth positions. Adjusted operating profit increased 5% in constant currencies and adjusted EPS grew 5% in constant currencies. The company reiterated full-year guidance and introduced an interim dividend for 2015 to better align with cash flow timing.
- WestRock reported Q2 FY17 results with adjusted EPS of $0.54 and adjusted free cash flow of $109 million.
- Segment sales were $3.656 billion. Productivity initiatives contributed $103 million in cost savings.
- Corrugated packaging sales were $2.065 billion. North America EBITDA margin was 15.9%.
- Consumer packaging sales were $1.555 billion. Adjusted segment EBITDA margin increased 100 bps to 15.1%.
- Land and development segment income was $18 million, excluding a $43 million impairment charge. The monetization program is on track to generate $150-175 million in after-tax cash flow for
Watts Water Technologies held its 3Q 2016 earnings conference call on November 3, 2016. The company reported solid results with strong operating margins and EPS growth despite top-line headwinds in the Americas. Watts continues investments to support future growth and productivity initiatives while transformation initiatives are on track. End markets remain mixed as Watts acquires PVI Industries to further enhance its portfolio.
Wolters Kluwer, a global leader in professional information services, released its 2015 Full-Year Results. For the full report, visit http://wolterskluwer.com/investors.
- Wolters Kluwer reported good first half 2014 results and is on track to achieve full year guidance. Organic revenue growth was 1% driven by strong growth in digital products.
- Adjusted operating profit decreased 6% due to planned restructuring initiatives, which are progressing well. Adjusted EPS increased 1% in constant currencies.
- Digital revenues grew 5% organically and now represent 68% of total revenues. Leading high growth divisions like Health grew organically by 5%.
- Net debt increased due to acquisitions, dividend payments, and restructuring investments, with the net debt to EBITDA ratio remaining stable at 2.6x.
Ugi 2015 q3 earnings call presentation v finalUGI_Corporation
The document provides information on UGI Corporation's Q3 2015 earnings conference call. It includes:
- UGI reported adjusted EPS of $0.03 compared to $0.10 in Q3 2014, impacted by a $0.06 loss from its Totalgaz acquisition.
- Business unit results were mixed - AmeriGas saw lower volume due to warmer weather but higher margins, while UGI International faced acquisition costs and currency impacts.
- Midstream & Marketing had higher natural gas and power margins but lower capacity management income.
- The company reiterated its FY2015 adjusted EPS guidance range despite the Totalgaz impact.
This presentation provides an overview of UGI International, a subsidiary of UGI Corporation. UGI International operates propane and butane distribution businesses across 16 countries in Europe. The presentation discusses UGI International's history of acquisitions in Europe since 1999, its current operations across various countries, and its financial performance in recent years. It also outlines several of UGI International's growth opportunities, including expanding in existing markets through acquisitions or conversions from heating oil to propane, and potentially entering new markets.
This document summarizes an analyst day presentation by UGI Corporation. It discusses UGI's diverse business segments, including utilities, energy services, and propane distribution. It highlights recent investments and growth opportunities across its businesses. Management provides guidance of 6-10% annual EPS growth driven by organic growth projects and acquisitions. The utilities segment overview discusses its strong customer growth, infrastructure investments, and opportunities to expand natural gas access in Pennsylvania.
250 Municípios mais violentos do BrasilBruno Muniz
Este documento lista 202 municípios brasileiros com suas respectivas taxas de homicídios por arma de fogo entre 2010-2012. O município de Simões Filho na Bahia apresentou a maior taxa de homicídios no período, enquanto o município de Crisópolis na Bahia apresentou a menor taxa.
Trabajo de la materia Sistema Curricular de la Especialización en Gerencia Educativa de la Corporación Universitaria Minuto de Dios. Grupo Radar:
María del Rosario Romero
Jose Fernando Bedoya
Dionisio Flechas
Jairo Albier Gaviria
Oscar Méndez
Julián Solano
Vliegtuig met Nederlanders neergestort in Oekraïne’. Met dit korte, zakelijke nieuwsbericht begint op 17 juli 2014 voor de broers Arno en Reinier Souren uit Roermond een bizar jaar. Hun vader Peter (60) en zijn vrouw Janneke Nelissen (56) uit Melick horen bij de 196 Nederlanders die de ramp met de MH17 niet overleven. In een openhartig interview vertellen de broers hun verhaal. „Na twee weken was ik klaar met huilen. Maar het verdriet is er nog steeds.”
Por tu cara bonita, un proyecto de salud comunitaria para reducir desigualdad...mauriciosalud
Este documento describe un proyecto de salud bucodental en Polígono Sur que busca mejorar la salud dental de los niños. El proyecto involucra a dentistas, enfermeras, maestros y familias e incluye exámenes dentales, educación sobre higiene dental y alimentación, y tratamiento. Se implementará durante tres años escolares para cubrir a estudiantes de primero a quinto grado con el objetivo de reducir las enfermedades dentales en la zona.
Zajímají vás podrobnosti o internetových kurzech jazyků jazykové školy Berlitz Praha? Prohlédněte si tuto brožuru. Jazykové centrum Berlitz Praha nabízí online výuku více než 40 cizích jazyků, z toho těchto 16 jazyků vyučujeme prezenčně v Praze: angličtina, němčina, italština, francouzština, čeština, čínština, maďarština, španělština, polština, ruština, srbština, chorvatština, holandština, portugalština, slovenština a rumunština.
PSY4035 PG Literature searching for dissertationveades
This document provides an overview of literature searching strategies and tools for dissertation research. It covers using keywords and search operators to construct targeted searches in databases like PsycINFO and Web of Science. It also discusses more advanced search techniques like citation searching, setting up article alerts, and inferring related concepts. Referencing management software like RefWorks is introduced, as well as sources for accessing materials not available at Middlesex like interlibrary loans. Students are encouraged to seek help from librarians for their research.
Série em 5 DVDs - Marketing de Serviços Profissionais
DVD 1 - COMO FAZER APRESENTAÇÕES E REUNIÕES COM SUCESSO
Aprenda como fazer apresentações e reuniões de modo a ter sucesso nas negociações com seus clientes
DVD 2 – COMO CONDUZIR NEGOCIAÇÕES COM CLIENTES
Aprenda a melhorar significativamente seus resultados em negociações com técnicas que dão resultados
DVD 3 – COMO AUMENTAR O FATURAMENTO E LUCRATIVIDADE DOS SEUS SERVIÇOS
Aprenda a usar estratégias de aumento do faturamento e lucratividade dos seus serviços profissionais
DVD 4 – COMO TER RESULTADOS NA INTERNET
Aprenda como ter uma estratégia de internet que dê resultados para a sua empresa de serviços
DVD 5 - COMO TER RESULTADOS EM BLOGS E REDES SOCIAIS
Aprenda a criar uma estratégia de prospecção com um blog diferenciado e o uso adequado das redes sociais
This document discusses the constituents and origins of natural gas found in sedimentary basins. Natural gas is primarily composed of methane but can also contain ethane, propane, carbon dioxide, hydrogen sulfide and nitrogen. Gas is formed through both organic processes like hydrocarbon generation during diagenesis and catagenesis, as well as inorganic processes like magmatic activity and radioactivity. The distribution of gas in sedimentary basins depends on the sources and migration patterns of the different gas constituents. Characterization of natural gas involves analyzing the ratios of methane to other hydrocarbons and carbon and hydrogen isotope compositions to determine the gas's origin.
1. Noé recebe de Deus o aviso do Dilúvio por vir, devido à corrupção do mundo, e constrói a arca para salvar sua família.
2. Noé obedece a Deus, entra na arca com sua família e os animais, e chove por 40 dias, destruindo todo o mundo à época, exceto Noé e os que estavam com ele na arca.
3. Apesar do aviso de Noé, baseado na Palavra de Deus, a humanidade da época não se arrependeu e foi destruí
1) O documento contém uma prova de 10 questões sobre esportes e atividades físicas, com nota de 0 a 10 pontos.
2) As questões abordam tópicos como provas de atletismo, uso de anabolizantes, efeitos da falta de atividade física e sedentarismo.
3) A prova avalia conhecimentos sobre diferentes esportes olímpicos e os riscos à saúde causados pela falta de exercícios.
O documento contém 10 perguntas sobre a coluna vertebral, defeitos posturais e classificação somatotípica. A coluna vertebral é composta por 24 vértebras móveis pré-sacrais e apresenta curvaturas cervicais, torácicas e lombares como primárias. O escoliose é caracterizado por um desvio lateral da coluna. A classificação somatotípica inclui os tipos ectomorfo, mesomorfo e endomorfo.
Dokumen tersebut membahas mengenai perkembangan psikologi lanjutan pada anak-anak, mencakupi topik seperti perubahan fizikal, kognitif, bahasa, kecerdasan, teori perkembangan sosial dan personaliti, gender, serta hubungan keluarga dan teman sebaya. Dokumen ini juga menjelaskan tes kecerdasan dan faktor-faktor yang mempengaruhi perkembangan anak.
- UGI reported first quarter fiscal 2016 results, with adjusted EPS of $0.64 compared to $0.68 in the prior year period. Results were impacted by significantly warmer weather, partially offset by benefits from midstream and marketing investments and the Finagaz acquisition.
- AmeriGas saw lower volumes due to weather that was nearly 17% warmer than the prior year, but higher unit margins and $16 million in cost reductions partially offset the weather impact.
- UGI International benefited from the Finagaz acquisition but saw mixed weather impacts, while UGI Utilities experienced lower volumes from unusually warm temperatures. Midstream and marketing saw higher gathering margins and peaking activity.
- Management expects growth investments since
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UGI reported record earnings for fiscal year 2016 despite warmer than normal weather. Earnings were driven by contributions from growth initiatives and acquisitions. Looking ahead, UGI expects continued earnings growth of 16% in fiscal year 2017 from ongoing organic growth, strategic investments, and a return to more normal weather. UGI has a strong balance sheet and cash flow to fund capital investments that will further expand its infrastructure and customer base.
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- Weather-adjusted demand remains strong across business units. Guidance is revised to $1.95-2.05 EPS due to warm weather in Q1-Q2.
- Business units demonstrated benefits of diversification, with lower impacts from warm weather compared to prior periods. Cost controls and margin management partly offset weather impacts.
The document provides details on UGI Corporation's Q3 2014 earnings conference call. It includes:
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- Operational highlights across its business segments including volume growth, margin expansion, and progress on growth initiatives.
- Financial results for each business segment, noting the impact of warmer weather on volumes but margin expansion through pricing.
- Affirmation of the company's adjusted EPS guidance range.
- Announcement of a dividend increase, three-for-two stock split, and details on available liquidity.
The document provides details of UGI Corporation's Q3 2014 earnings conference call. It summarizes key financial results including a 36% increase in adjusted EPS compared to the prior year period. Operational highlights are presented for each business segment showing performance against the prior year. Weather impacts, margin and expense drivers are discussed. The document concludes with an update on liquidity, dividend increases, and affirmed guidance for the year.
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1) UGI reported third quarter 2016 adjusted earnings per share of $0.23, up from $0.07 in the prior year period. Weather was colder than the prior year across UGI's service territories.
2) AmeriGas achieved strong results due to solid margin management, expense control, and colder weather. Adjusted EBITDA increased 30% year-over-year.
3) UGI International benefited from the acquisition of Finagaz and strong unit margin management, partially offset by integration expenses. Weather was significantly colder than the prior year.
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Ugi 2015 q3 earnings call presentation v final finalAmeriGas
The document provides information for UGI Corporation's Q3 2015 earnings conference call, including:
- UGI reported adjusted EPS of $0.03 compared to $0.10 in Q3 2014, impacted by a $0.06 loss related to its Totalgaz acquisition.
- Business unit results were mixed - AmeriGas saw lower volume due to warmer weather but higher margins. UGI International was impacted by Totalgaz integration costs and currency effects. Midstream & Marketing saw higher margins.
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Ugi 2015 q3 earnings call presentation v final finalUGI_Corporation
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- UGI reported adjusted EPS of $0.03 compared to $0.10 in Q3 2014, impacted by a $0.06 loss from its Totalgaz acquisition.
- Business segments like AmeriGas Propane, UGI International, and Midstream & Marketing saw lower earnings due to factors like warmer weather and currency impacts. The Gas Utility saw higher earnings from customer growth.
- UGI has available liquidity of $432.9 million and over $600 million in identified capital projects underway across its businesses to drive future growth.
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AmeriGas' adjusted EBITDA was $58.4 million, down from $64.6 million last year due to a 4% volume decline from warmer weather. However, unit margins increased despite a 28% rise in propane costs.
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UGI Utilities' income before taxes was $17.5 million, down
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Q4 15 slides ugi-final
1. 1
FQ4 and FY15 Results
FY16 Outlook
John Walsh
President & CEO, UGI
Kirk Oliver
Chief Financial Officer, UGI
Jerry Sheridan
President & CEO, AmeriGas
2. 2
This presentation contains certain forward-looking statements that management
believes to be reasonable as of today’s date only. Actual results may differ
significantly because of risks and uncertainties that are difficult to predict and many
of which are beyond management’s control. You should read UGI’s Annual Report on
Form 10-K and quarterly reports on Form 10-Q for a more extensive list of factors
that could affect results. Among them are adverse weather conditions, cost volatility
and availability of all energy products, including propane, natural gas, electricity and
fuel oil, increased customer conservation measures, the impact of pending and
future legal proceedings, domestic and international political, regulatory and
economic conditions in the United States and in foreign countries, including the
current conflicts in the Middle East and those involving Russia, and currency
exchange rate fluctuations (particularly the euro), the timing of development of
Marcellus Shale gas production, the timing and success of our acquisitions,
commercial initiatives and investments to grow our business, and our ability to
successfully integrate acquired businesses and achieve anticipated synergies. UGI
undertakes no obligation to release revisions to its forward-looking statements to
reflect events or circumstances occurring after today.
About This Presentation
4. 4
• Second consecutive year of
record-level results
• Strong operational
performance, but with less
extreme cold weather and
volatility than in FY14
• FY16 guidance reflects
underlying strength of the
business and contributions
from new investments
1 Includes $0.01 seasonal loss related to Finagaz operations.
FY15 Earnings Recap
Adjusted Diluted Earnings Per Share
5. 5
Midstream & Marketing
• Completed Auburn III expansion, Union
Dale lateral, and Temple LNG expansion
• Announced Sunbury Pipeline and filed
with FERC
• Filed PennEast Pipeline with FERC
• Announced Manning LNG expansion
• Solid organic growth in Gas Marketing
Gas Utility
• Added ~15,000 new residential customers
• Added ~2,400 commercial and industrial
accounts
• Several large commercial and industrial
projects underway
• Infrastructure replacement remains on
accelerated schedule
Key Accomplishments – FY15
6. 6
International
• Acquired Finagaz (Total’s LPG
distribution in France) for €423 million
• Significantly accretive in FY16
• Acquired Total’s LPG distribution
business in Hungary
AmeriGas
• 14% growth in National Accounts
• Closed 9 acquisitions
• Continued investment in technology
to drive efficiencies
Key Accomplishments – FY15
8. 8
1Percent change in Heating Degree Days.
(8.9%)
Warmer
(3.7)%
Warmer
Weather
3.6%
Colder
3.8%
Colder
VERSUS NORMAL1
VERSUS PRIOR YEAR1
9. 9
Financial Results – Gas Utility
• Customer growth led to higher throughput and total margin
despite warmer temperatures
• Higher distribution system expenses, driven by cold weather
and increasing demand on the system
• Increased distribution system capex led to higher depreciation
vs. Normal
Weather
3.7% warmer
than prior year
($ in millions)
Gas Utility 2014 2015
2014 Income Before Taxes 199.6$
Total Margin 4.0$
Operating and Administrative Expenses (13.1)$
Depreciation and Amortization (4.2)$
Interest Expense (2.5)$
Other 3.6$
2015 Income Before Taxes 187.4$
10. 10
Financial Results – Midstream & Marketing
• Lower margin in natural gas marketing, peaking, and
capacity management offset by higher retail power margin
• Lower average unit margins
• Higher depreciation associated with storage and natural
gas gathering assets
Midstream & Marketing 2014 2015
2014 Income Before Taxes 195.7$
Total Margin (7.6)$
Operating and Administrative Expenses (2.4)$
Depreciation and Amortization (4.1)$
Interest Expense 0.8$
Other 0.3$
2015 Income Before Taxes 182.7$
($ in millions)
12. 12
Financial Results – AmeriGas
• Warmer weather than prior year led to lower volume, partially
offset by higher retail unit margin
• Lower operating expenses driven by lower vehicle expenses,
primarily lower fuel costs and lower uncollectible accounts
• Other primarily reflects the sale of excess assets/properties
8.9% warmer
than prior year
Weather
vs. Normal
AmeriGas 2014 2015
2014 Operating Income 472.0$
Retail Volume (101.0)$
Retail Unit Margin 47.2$
Wholesale and Other Total Margin (6.7)$
Operating and Administrative Expenses 10.0$
Depreciation and Amortization 2.3$
Other 3.8$
2015 Operating Income 427.6$
Total
Margin
($ in millions)
13. 13
Financial Results – UGI International
• Higher total margin from Finagaz contribution and higher unit
margins
• Increase in operating expenses driven primarily by Finagaz
acquisition and transition costs
• Early extinguishment of debt in France drove increase in interest
expense
Antargaz
Weather
Flaga
Weather
3.6% colder
than prior year
3.8% colder
than prior year
vs. Normalvs. Normal
UGI International 2014 2015
2014 Income Before Taxes 87.4$
Total Margin 24.1$
Operating and Administrative Expenses (23.5)$
Depreciation and Amortization (5.3)$
Interest Expense (5.2)$
Other (1.1)$
2015 Income Before Taxes 76.4$
Acquisition and Transition related expenses 6.5$ 22.6$
Loss on Debt Extinguishment -$ 10.3$
Adjusted Income Before Taxes 93.9$ 109.3$
($ in millions)
14. 14
Finagaz Acquisition Update
• Integration has been progressing as planned, with some operational
efficiencies achieved ahead of schedule
• Transition expenses expected to
be ~€50-60mm over the next
four years
• Approximately €6-10mm of
transition expenses will be
incurred in FY16
• Expect ~$0.15 accretion in FY16, with results improving
as operations are aligned over the next few years
• Immediately accretive in FY16
15. 15
11% EPS CAGR at midpoint of guidance driven by several
growth projects
Growth Profile
19. 19
Q4 and FY15 Adjusted EBITDA
$48.2
$39.7
Q4 2014 Q4 2015
Weather in FY15 was 8.9%
warmer than FY14
Weather in Q4 was 32%
warmer than the prior year
period driven by September
weather that was 38% warmer
than the prior year
FY15 Unit margins $0.08
higher y/y
$664.7
$619.2
FY 2014 FY 2015
20. 20
Growth Initiatives
• National Accounts volume increased 14% in
fiscal 2015
• Closed nine acquisitions
• 3rd consecutive year acquisitions were funded by the proceeds of the
sale of excess assets
• Acquisition pipeline remains strong
• AmeriGas Cylinder Exchange continued to grow
• Continued focus on enhanced customer service
FY 2016 Guidance:
$660-690mm Adjusted EBITDA
22. 22
Conclusion
• Unprecedented demand for natural gas, along with the lag in pipeline
capacity have accentuated the infrastructure gap
• Lower Propane and Butane costs are good for
our business and customers:
Down 60-75% over past twelve months
Near 15 year historic lows
• Our Pipeline, LNG, and Utility capital projects
have several benefits:
Closing the infrastructure gap
Doubling our ability to meet peaking demand
Fee-based revenue streams
Majority of fees guaranteed
Major investments in FY15 are all accretive to
FY16
Cash flow and balance sheet strength to
support additional investments and continue
long track record of profitable growth
24. 24
Management uses "adjusted net income attributable to UGI" and "adjusted diluted earnings per share," both of which are non-GAAP
financial measures, when evaluating UGI's overall performance. Adjusted net income attributable to UGI is net income attributable to
UGI Corporation after excluding net after-tax gains and losses on commodity derivative instruments not associated with current
period transactions, loss on extinguishment of debt, Finagaz transition and acquisition expenses and the retroactive impact of a change
in French tax law. Volatility in net income at UGI can occur as a result of gains and losses on commodity derivative instruments not
associated with current period transactions but included in earnings in accordance with U.S. generally accepted accounting principles
("GAAP"). Midstream & Marketing records gains and losses on commodity derivative instruments not associated with current-period
transactions in cost of sales or revenues for all periods presented. Effective October 1, 2014, UGI International determined that on a
prospective basis it would not elect cash flow hedge accounting for its commodity derivative transactions and also de-designated its
then-existing commodity derivative instruments accounted for as cash flow hedges. Also effective October 1, 2014, AmeriGas
Propane de-designated its remaining commodity derivative instruments accounted for as cash flow hedges. Previously, AmeriGas
Propane had discontinued cash flow hedge accounting for all commodity derivative instruments entered into beginning April 1, 2014.
Non-GAAP financial measures are not in accordance with, or an alternative to, GAAP and should be considered in addition to, and not
as a substitute for, the comparable GAAP measures. Management believes that these non-GAAP measures provide meaningful
information to investors about UGI’s performance because they eliminate the impact of (1) gains and losses on commodity derivative
instruments not associated with current-period transactions and (2) other discrete items that can affect the comparison of period-over-
period results.
The following table reconciles net income attributable to UGI Corporation, the most directly comparable GAAP measure, to adjusted
net income attributable to UGI Corporation, and reconciles diluted earnings per share, the most comparable GAAP measure, to
adjusted diluted earnings per share, to reflect the adjustments referred to above.
UGI Supplemental Footnotes
25. 25
Three Months Ended Twelve Months Ended
September 30, September 30,
2015 2014 2015 2014
Adjusted net income attributable to UGI:
Net (loss) income attributable to UGI Corporation (9.2)$ (19.8)$ 281.0$ 337.2$
Net after-tax losses on commodity derivative
instruments not associated with current period 7.1 6.6 53.3 6.6
Net after-tax acquisition and integration expenses
associated with Finagaz 4.0 4.3 14.9 4.3
Loss on Antargaz extinguishment of debt 0.0 0.0 4.6 0.0
Retroactive impact of change in French tax law 0.0 0.0 0.0 5.7
Adjusted net income attributable to UGI Corporation 1.9$ (8.9)$ 353.8$ 353.8$
Three Months Ended Twelve Months Ended
September 30, September 30,
2015 2014 2015 2014
Adjusted diluted earnings per share:
UGI Corporation (loss) earnings per share - diluted (0.05)$ (0.11)$ 1.60$ 1.92$
Net after-tax losses on commodity derivative
instruments not associated with current period 0.04 0.04 0.30 0.04
Net after-tax acquisition and integration expenses
associated with Finagaz 0.02 0.02 0.08 0.03
Loss on Antargaz extinguishment of debt 0.00 0.00 0.03 0.00
Retroactive impact of change in French tax law 0.00 0.00 0.00 0.03
Adjusted diluted earnings per share 0.01$ (0.05)$ 2.01$ 2.02$
(1) Includes impact of rounding.
UGI Adjusted Net Income and EPS
26. 26
The enclosed supplemental information contains a reconciliation of earnings before interest expense, income
taxes, depreciation and amortization ("EBITDA") and Adjusted EBITDA to Net Income.
EBITDA and Adjusted EBITDA are not measures of performance or financial condition under accounting
principles generally accepted in the United States ("GAAP"). Management believes EBITDA and Adjusted
EBITDA are meaningful non-GAAP financial measures used by investors to compare the Partnership's operating
performance with that of other companies within the propane industry. The Partnership's definitions of EBITDA
and Adjusted EBITDA may be different from those used by other companies.
EBITDA and Adjusted EBITDA should not be considered as alternatives to net income (loss) attributable to
AmeriGas Partners, L.P. Management uses EBITDA to compare year-over-year profitability of the business
without regard to capital structure as well as to compare the relative performance of the Partnership to that of other
master limited partnerships without regard to their financing methods, capital structure, income taxes or historical
cost basis. Management uses Adjusted EBITDA to exclude from AmeriGas Partners’ EBITDA gains and losses
that competitors do not necessarily have to provide additional insight into the comparison of year-over-year
profitability to that of other master limited partnerships. In view of the omission of interest, income taxes,
depreciation and amortization from EBITDA and Adjusted EBITDA, management also assesses the profitability of
the business by comparing net income attributable to AmeriGas Partners, L.P. for the relevant years. Management
also uses EBITDA to assess the Partnership's profitability because its parent, UGI Corporation, uses the
Partnership's EBITDA to assess the profitability of the Partnership, which is one of UGI Corporation’s business
segments. UGI Corporation discloses the Partnership's EBITDA in its disclosures about its business segments as
the profitability measure for its domestic propane segment.
AmeriGas Supplemental Footnotes
27. 27
2015 2014 2015 2014
EBITDA and Adjusted EBITDA:
Net income (loss) attributable to AmeriGas Partners, L.P. (49,695)$ (47,347)$ 211,211$ 289,893$
Income taxexpense 420 407 2,898 2,611
Interest expense 40,438 40,617 162,842 165,581
Depreciation 38,750 37,095 152,204 154,020
Amortization 10,611 10,784 42,676 43,195
EBITDA 40,524 41,556 571,831 655,300
(Subtract net gains) add net losses on commodity derivative
instruments not associated with current-period transactions (837) 6,714 47,841 9,495
Noncontrolling interest in net gains (losses) on commodity
derivative instruments not associated with current-period 9 (68) (483) (96)
Adjusted EBITDA 39,696$ 48,202$ 619,189$ 664,699$
Three Months Ended Twelve Months Ended
September 30, September 30,
AmeriGas Adjusted EBITDA
28. 28
Forecast
Fiscal Year
Ending
September 30,
2016
Net income attributable to AmeriGas Partners, L.P. (estimate) (d) 317,000$
Interest expense (estimate) 166,000
Income taxexpense (estimate) 3,000
Depreciation (estimate) 147,000
Amortization (estimate) 42,000
Adjusted EBITDA (e) 675,000$
(d)
(e) Represents the midpoint of Adjusted EBITDA guidance range for fiscal 2016.
Represents estimated net income attributable to AmeriGas Partners, L.P. after adjusting for gains and losses on commodity derivative
instruments not associated with current-period transactions. It is impracticable to determine actual gains and losses on commodity
derivative instruments not associated with current-period transactions that will be reported in GAAP net income as such gains and losses
will depend upon future changes in commodity prices for propane which cannot be forecasted.
AmeriGas Adjusted EBITDA Guidance
29. 29
Liquidity
• Balance sheet remains flexible with significant borrowing capacity
• All segments have sufficient liquidity to meet investment needs
Total AmeriGas
UGI
International Utilities
Midstream &
Marketing
Corporate &
Other
Cash on Hand $384.1 $14.8 $272.6 $3.1 $20.6 $73.0
Revolving Credit Facilities $525.0 142.4 $300.0 $240.0 NA
Accounts Receivable Facility NA NA NA 44.1 NA
Drawn on Facilities 68.1 0.5 71.7 49.5 NA
Letters of Credit 64.7 23.7 2.0 0.0 NA
Available Facilities $392.2 $118.1 $226.3 $234.6
Available Liquidity $407.0 $390.6 $229.4 $255.2
Excluding cash residing at operating subsidiaries, UGI had $77.2 million of cash at 9/30/15
compared with $229.6 million at 9/30/14.