- Qwest Communications reported operating revenue of $3.4 billion for Q3 2007, down 1.5% from Q3 2006. Net income was $2.1 billion compared to $194 million in Q3 2006.
- Total operating expenses increased 5.4% to $3.3 billion in Q3 2007, driven by a 30.5% rise in selling, general and administrative costs.
- EBITDA (earnings before interest, taxes, depreciation, and amortization) was $798 million in Q3 2007 with an EBITDA margin of 23.2%, down from $1.1 billion and a 31.3% margin in Q3 2006.
- Qwest Communications International Inc. reported financial results for the three months and full year ended December 31, 2007.
- For the quarter, revenue decreased 1.5% to $3.435 billion while net income increased 88.7% to $366 million.
- For the full year, revenue decreased 1% to $13.778 billion while net income increased significantly to $2.917 billion.
- Qwest Communications International Inc. reported financial results for the third quarter and first nine months of 2008. Total operating revenue declined 1.6% in the third quarter compared to the same period in 2007.
- Net income was $151 million in the third quarter of 2008 compared to $2.065 billion in the third quarter of 2007. The decline was largely due to a $2.149 billion income tax benefit in 2007.
- EBITDA (earnings before interest, taxes, depreciation and amortization) was $1.053 billion in the third quarter of 2008 compared to $798 million in the same period of 2007.
- Qwest Communications International Inc. reported financial results for the second quarter and first half of 2008. Total operating revenue decreased 2.3% for the quarter and 1.9% for the first half compared to the same periods in 2007.
- Net income decreased 23.6% for the quarter and 29.0% for the first half versus the prior year. Earnings per share also declined for both periods compared to 2007.
- Several key operating metrics such as total access lines, consumer ARPU, and wholesale minutes of use declined compared to the second quarter of 2007.
Qwest Communications International Inc. reported financial results for the first quarter of 2008. Total operating revenue declined 1.4% year-over-year to $3.4 billion. Net income decreased 34.6% to $157 million compared to $240 million in the first quarter of 2007. Basic earnings per share fell 30.8% to $0.09 from $0.13 in the previous year.
This document provides condensed financial statements for Qwest Communications International Inc. as of June 30, 2008. It includes statements of operations, balance sheets, and cash flows. For the six months ended June 30, 2008, Qwest reported total operating revenues of $3,382 million and net income of $188 million. Total assets as of June 30, 2008 were $21,894 million, with total liabilities of $21,391 million resulting in total stockholders' equity of $503 million. For the six months ended June 30, 2008, cash provided by operating activities was $1,297 million and cash used for investing activities, primarily capital expenditures, was $950 million.
Qwest Communications International Inc. reported financial results for the quarter ended March 31, 2008. Total operating revenue for Qwest was $3.4 billion for the quarter. Net income was $157 million, with basic earnings per share of $0.09. Total assets as of March 31, 2008 were $21.9 billion, with current assets of $3.2 billion. Cash provided by operating activities for the quarter was $388 million.
The document provides condensed consolidated financial statements for Qwest Communications International Inc. as of June 30, 2007. It includes statements of operations, balance sheets, and cash flows. For the quarter ending June 30, 2007:
- Operating revenue was $3.463 billion and net income was $246 million.
- Total current assets were $3.087 billion including $869 million in cash and cash equivalents. Total assets were $20.389 billion.
- Total current liabilities were $4.350 billion including $1.304 billion in current portion of long-term debt. Total liabilities were $21.945 billion.
- Net cash provided by operating activities for the six months ending June 30,
This document contains condensed consolidated financial statements for Qwest Communications International Inc. as of September 30, 2008. It includes statements of operations, balance sheets, and cash flows for quarterly and annual periods between 2006 and 2008. The statements show that in 2007 Qwest reported a net income of $2.9 billion compared to $593 million in 2006, driven largely by a one-time $2.1 billion tax benefit recognized in the third quarter of 2007. Total operating revenues have remained relatively steady between $13-14 billion annually over this period.
- Qwest Communications International Inc. reported financial results for the three months and full year ended December 31, 2007.
- For the quarter, revenue decreased 1.5% to $3.435 billion while net income increased 88.7% to $366 million.
- For the full year, revenue decreased 1% to $13.778 billion while net income increased significantly to $2.917 billion.
- Qwest Communications International Inc. reported financial results for the third quarter and first nine months of 2008. Total operating revenue declined 1.6% in the third quarter compared to the same period in 2007.
- Net income was $151 million in the third quarter of 2008 compared to $2.065 billion in the third quarter of 2007. The decline was largely due to a $2.149 billion income tax benefit in 2007.
- EBITDA (earnings before interest, taxes, depreciation and amortization) was $1.053 billion in the third quarter of 2008 compared to $798 million in the same period of 2007.
- Qwest Communications International Inc. reported financial results for the second quarter and first half of 2008. Total operating revenue decreased 2.3% for the quarter and 1.9% for the first half compared to the same periods in 2007.
- Net income decreased 23.6% for the quarter and 29.0% for the first half versus the prior year. Earnings per share also declined for both periods compared to 2007.
- Several key operating metrics such as total access lines, consumer ARPU, and wholesale minutes of use declined compared to the second quarter of 2007.
Qwest Communications International Inc. reported financial results for the first quarter of 2008. Total operating revenue declined 1.4% year-over-year to $3.4 billion. Net income decreased 34.6% to $157 million compared to $240 million in the first quarter of 2007. Basic earnings per share fell 30.8% to $0.09 from $0.13 in the previous year.
This document provides condensed financial statements for Qwest Communications International Inc. as of June 30, 2008. It includes statements of operations, balance sheets, and cash flows. For the six months ended June 30, 2008, Qwest reported total operating revenues of $3,382 million and net income of $188 million. Total assets as of June 30, 2008 were $21,894 million, with total liabilities of $21,391 million resulting in total stockholders' equity of $503 million. For the six months ended June 30, 2008, cash provided by operating activities was $1,297 million and cash used for investing activities, primarily capital expenditures, was $950 million.
Qwest Communications International Inc. reported financial results for the quarter ended March 31, 2008. Total operating revenue for Qwest was $3.4 billion for the quarter. Net income was $157 million, with basic earnings per share of $0.09. Total assets as of March 31, 2008 were $21.9 billion, with current assets of $3.2 billion. Cash provided by operating activities for the quarter was $388 million.
The document provides condensed consolidated financial statements for Qwest Communications International Inc. as of June 30, 2007. It includes statements of operations, balance sheets, and cash flows. For the quarter ending June 30, 2007:
- Operating revenue was $3.463 billion and net income was $246 million.
- Total current assets were $3.087 billion including $869 million in cash and cash equivalents. Total assets were $20.389 billion.
- Total current liabilities were $4.350 billion including $1.304 billion in current portion of long-term debt. Total liabilities were $21.945 billion.
- Net cash provided by operating activities for the six months ending June 30,
This document contains condensed consolidated financial statements for Qwest Communications International Inc. as of September 30, 2008. It includes statements of operations, balance sheets, and cash flows for quarterly and annual periods between 2006 and 2008. The statements show that in 2007 Qwest reported a net income of $2.9 billion compared to $593 million in 2006, driven largely by a one-time $2.1 billion tax benefit recognized in the third quarter of 2007. Total operating revenues have remained relatively steady between $13-14 billion annually over this period.
This document contains condensed consolidated financial statements and notes for Qwest Communications International Inc. for quarters ending March 31, 2005 through September 30, 2007. Some key details include:
- Operating revenue ranged from $3.4 to $3.5 billion per quarter while operating expenses ranged from $3.1 to $3.3 billion per quarter.
- Net income/loss fluctuated each quarter from a loss of $528 million in Q4 2005 to a gain of $2.065 billion in Q3 2007.
- Total assets ranged from $21.1 to $24.1 billion while total liabilities ranged from $24.1 to $26.7 billion.
Qwest Communications International Inc. published condensed consolidated financial statements for quarters ending March 2005 through December 2007. The statements show operating revenue decreased slightly from $13.9 billion in 2005 to $13.8 billion in 2007. Net income fluctuated from a loss of $779 million in 2005 to a gain of $2.9 billion in 2007. Total assets decreased from $24.1 billion in 2005 to $22.5 billion in 2007, while total liabilities decreased from $26.7 billion to $22 billion over the same period.
This document provides financial and operating reports for TXU Corp. and subsidiaries for the first quarter of 2001 and full year 2000. It includes statements of consolidated income, operating revenues and expenses, net income, earnings per share, and statements of consolidated cash flows. Some key details are revenues for the first quarter of 2001 were $8.4 billion, a 75% increase from the same period in 2000. Net income for the full year 2000 was $907 million, an 9% decrease from 1999. Cash provided by operating activities for 2000 was $2.5 billion.
Danaher Corporation reported its fourth quarter and full year 2001 results. For the fourth quarter, net earnings excluding restructuring charges were $76.6 million compared to $87.8 million in 2000. Full year 2001 net earnings excluding restructuring charges were $341.2 million, a 5% increase over 2000. However, Danaher recorded a $69.7 million restructuring charge in the fourth quarter related to manufacturing facility consolidations. For the full year, net earnings including restructuring charges were $297.7 million. Despite difficult economic conditions, Danaher was able to grow earnings in 2001 through aggressive cost reductions and restructuring actions.
plains all american pipeline 2005 10-K part 2finance13
- The document provides financial and operating data for Plains All American Pipeline, L.P. for the years 2001-2005, including revenues, expenses, assets, liabilities, net income, cash flows, and common unit price and distribution information.
- It discusses that Plains All American's common units are publicly traded on the NYSE and provides unit price and distribution data for 2004-2005.
- It also summarizes Plains All American's cash distribution policy to unitholders and incentive distribution rights for its general partner.
This document is Southern Company's 2007 annual report. It discusses challenges facing the energy industry like rising demand and an aging workforce. Southern Company is meeting these challenges through investments in new generation capacity, transmission infrastructure, and energy efficiency programs. The annual report highlights how Southern Company reliably served record-breaking electricity demand during a major heat wave in 2007 while continuing to improve operational performance.
- Qwest Communications International Inc. reported financial results for the second quarter and first half of 2007. Total operating revenue for Q2 2007 was $3.5 billion, down 0.3% from Q2 2006. Net income for Q2 2007 was $246 million, up 110.3% from Q2 2006.
- Key metrics included a 7.1% decline in total access lines, a 33.8% increase in broadband subscribers, and EBITDA of $1.1 billion for Q2 2007, resulting in an EBITDA margin of 33.2%.
This document provides an overview of the key features and functionality of QuickBooks Enterprise Solutions 13.0. It describes the enhanced reporting, inventory management, productivity, and user control capabilities available in Enterprise Solutions. Specifically, it highlights improvements to reporting customization, inventory management, multi-user access, and industry-specific editions for contractors, manufacturers, nonprofits, and other sectors. The document is intended to demonstrate to potential customers how Enterprise Solutions can help businesses adapt to changing needs.
This document is Reliance Steel & Aluminum Co.'s quarterly report on Form 10-Q filed with the Securities and Exchange Commission for the quarterly period ended March 31, 2007. It includes the company's unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement for the quarter, as well as notes to the financial statements. It provides key financial data about the company's performance and financial position for the period.
This document summarizes TXU Corp.'s consolidated income statements and balance sheets for the three months, six months, and twelve months ended June 30, 2001 and 2000. Some key details:
- Operating revenues increased 33.4%, 54.8%, and 48.4% respectively compared to the prior year.
- Total operating expenses also increased significantly due to higher energy purchase costs and other factors.
- Net income decreased 8.8%, 2.9%, and 19.6% respectively compared to the prior year.
plains all american pipeline 2004 10-K part 2finance13
This document provides an overview and financial data for Plains All American Pipeline, L.P. It discusses the company's operations in crude oil transportation, gathering, marketing, terminalling and storage. Key details include:
- The company owns approximately 15,000 miles of crude oil pipelines and 37 million barrels of storage capacity, handling over 2.4 million barrels per day.
- For 2004, revenues were $20.975 billion and net income was $133.1 million, up from $59.4 million in 2003.
- The document provides historical financial and operating data from 2000-2004, including revenue, expenses, pipeline volumes, capital expenditures, and cash flow statements.
- It discusses
The document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2008. It includes:
1) Unaudited consolidated financial statements including balance sheets, income statements, and cash flow statements for the periods ended June 30, 2008 and 2007.
2) Notes to the unaudited consolidated financial statements providing additional information about amounts in the financial statements.
3) Certifications by management regarding internal controls and procedures.
The financial statements provide key financial information about Reliance Steel & Aluminum Co.'s performance and financial position for the periods presented.
This document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2007. It includes the company's unaudited consolidated financial statements and notes. The financial statements show that for the quarter, the company had net sales of $1.9 billion, net income of $122.8 million, and earnings per diluted share of $1.59. For the six months ended June 30, the company had net sales of $3.7 billion, net income of $234.5 million, and earnings per diluted share of $3.06. The report provides information on the company's financial position, results of operations, and cash
This document provides financial information for SLM Corporation for the quarter ending June 30, 2007 and comparisons to previous periods. Some key details include:
- Net income for the quarter was $966 million compared to $116 million in the previous quarter and $724 million in the same quarter last year.
- "Core earnings" which is a non-GAAP measure of profitability was $189 million for the quarter compared to $251 million in the previous quarter and $320 million in the same quarter last year.
- Average managed student loans for the quarter were $152.3 billion compared to $146.2 billion in the previous quarter and $128.4 billion in the same quarter last year.
This document is Reliance Steel & Aluminum Co.'s quarterly report filed with the SEC for the quarter ended March 31, 2008. It includes the company's consolidated balance sheets as of March 31, 2008 and December 31, 2007, as well as the consolidated statements of income and cash flows for the quarters ended March 31, 2008 and 2007. It also includes notes to the financial statements and sections on management's discussion of financial condition, market risk, controls and procedures, and various other disclosures.
The document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2006. The summary includes:
1) Reliance Steel reported net sales of $1.559 billion for the quarter and net income of $100.5 million.
2) Total assets increased to $3.46 billion from $1.77 billion at the end of 2005, primarily due to acquisitions completed during the first half of 2006.
3) Cash flows from operations were negative $77.2 million for the first half of 2006, largely due to increases in accounts receivable and inventory to support sales growth including from
The document provides financial highlights for Southern Company for 2007 compared to 2006. Some key metrics included earnings per share of $2.29 in 2007 compared to $2.12 in 2006, an increase of 8%; operating revenues of $15.35 billion in 2007 compared to $14.36 billion in 2006, an increase of 6.9%; and return on average common equity of 14.6% in 2007 compared to 14.26% in 2006, an increase of 2.4%. Total assets increased 6.8% to $45.79 billion in 2007 from $42.86 billion in 2006.
Xcel Energy announced higher third quarter 2007 earnings compared to third quarter 2006. Income from continuing operations was $246 million or $0.57 per share, up from $214 million or $0.50 per share in 2006. Higher earnings were driven by increased electric margins from a 2007 Colorado rate increase and higher cost recovery in Minnesota. However, increased operating and maintenance expenses and financing costs partially offset these gains. Xcel Energy increased its 2007 EPS guidance to $1.38-$1.42 and initiated 2008 EPS guidance of $1.45-$1.55.
This document provides financial information for SLM Corporation for the quarters ending March 31, 2007, December 31, 2006, and March 31, 2006. Some key details include:
- Net income for the quarters was $116 million, $18 million, and $152 million respectively.
- "Core Earnings" net income, which excludes certain items, was $251 million, $326 million, and $287 million respectively.
- Average managed student loans increased from $124.9 billion to $146.2 billion.
- Total assets increased from $97.8 billion to $126.9 billion over the period reported.
Xcel Energy reported improved second quarter 2004 earnings compared to the second quarter of 2003. Net income for the quarter was $86 million, or $0.21 per share, compared to a net loss of $283 million, or $0.71 per share in 2003. Regulated utility earnings from continuing operations improved to $89 million in 2004 from $77 million in 2003. Results from discontinued operations were earnings of $5 million in 2004 compared to losses of $337 million in 2003. The company maintained its annual earnings guidance of $1.15 to $1.25 per share.
The document provides consolidated financial statements for a company for the years 2005-2007. It shows that total revenues increased from $10.2 billion in 2005 to $13.6 billion in 2007. Net income decreased from $549 million in 2005 to a net loss of $95 million in 2007. Key line items include total revenues, operating expenses, income from continuing operations, and net income/loss for each year.
The document is a notice from Sun Microsystems for its 2008 Annual Meeting of Stockholders. It states that the meeting will be held on November 5, 2008 at 10:00am at Sun's Auditorium in Santa Clara, California. The purposes of the meeting are to elect directors, ratify the appointment of the independent auditors, vote on amendments to eliminate supermajority voting provisions and amend the employee stock plan, and consider three stockholder proposals. Stockholders of record as of September 15, 2008 are entitled to vote.
This document contains condensed consolidated financial statements and notes for Qwest Communications International Inc. for quarters ending March 31, 2005 through September 30, 2007. Some key details include:
- Operating revenue ranged from $3.4 to $3.5 billion per quarter while operating expenses ranged from $3.1 to $3.3 billion per quarter.
- Net income/loss fluctuated each quarter from a loss of $528 million in Q4 2005 to a gain of $2.065 billion in Q3 2007.
- Total assets ranged from $21.1 to $24.1 billion while total liabilities ranged from $24.1 to $26.7 billion.
Qwest Communications International Inc. published condensed consolidated financial statements for quarters ending March 2005 through December 2007. The statements show operating revenue decreased slightly from $13.9 billion in 2005 to $13.8 billion in 2007. Net income fluctuated from a loss of $779 million in 2005 to a gain of $2.9 billion in 2007. Total assets decreased from $24.1 billion in 2005 to $22.5 billion in 2007, while total liabilities decreased from $26.7 billion to $22 billion over the same period.
This document provides financial and operating reports for TXU Corp. and subsidiaries for the first quarter of 2001 and full year 2000. It includes statements of consolidated income, operating revenues and expenses, net income, earnings per share, and statements of consolidated cash flows. Some key details are revenues for the first quarter of 2001 were $8.4 billion, a 75% increase from the same period in 2000. Net income for the full year 2000 was $907 million, an 9% decrease from 1999. Cash provided by operating activities for 2000 was $2.5 billion.
Danaher Corporation reported its fourth quarter and full year 2001 results. For the fourth quarter, net earnings excluding restructuring charges were $76.6 million compared to $87.8 million in 2000. Full year 2001 net earnings excluding restructuring charges were $341.2 million, a 5% increase over 2000. However, Danaher recorded a $69.7 million restructuring charge in the fourth quarter related to manufacturing facility consolidations. For the full year, net earnings including restructuring charges were $297.7 million. Despite difficult economic conditions, Danaher was able to grow earnings in 2001 through aggressive cost reductions and restructuring actions.
plains all american pipeline 2005 10-K part 2finance13
- The document provides financial and operating data for Plains All American Pipeline, L.P. for the years 2001-2005, including revenues, expenses, assets, liabilities, net income, cash flows, and common unit price and distribution information.
- It discusses that Plains All American's common units are publicly traded on the NYSE and provides unit price and distribution data for 2004-2005.
- It also summarizes Plains All American's cash distribution policy to unitholders and incentive distribution rights for its general partner.
This document is Southern Company's 2007 annual report. It discusses challenges facing the energy industry like rising demand and an aging workforce. Southern Company is meeting these challenges through investments in new generation capacity, transmission infrastructure, and energy efficiency programs. The annual report highlights how Southern Company reliably served record-breaking electricity demand during a major heat wave in 2007 while continuing to improve operational performance.
- Qwest Communications International Inc. reported financial results for the second quarter and first half of 2007. Total operating revenue for Q2 2007 was $3.5 billion, down 0.3% from Q2 2006. Net income for Q2 2007 was $246 million, up 110.3% from Q2 2006.
- Key metrics included a 7.1% decline in total access lines, a 33.8% increase in broadband subscribers, and EBITDA of $1.1 billion for Q2 2007, resulting in an EBITDA margin of 33.2%.
This document provides an overview of the key features and functionality of QuickBooks Enterprise Solutions 13.0. It describes the enhanced reporting, inventory management, productivity, and user control capabilities available in Enterprise Solutions. Specifically, it highlights improvements to reporting customization, inventory management, multi-user access, and industry-specific editions for contractors, manufacturers, nonprofits, and other sectors. The document is intended to demonstrate to potential customers how Enterprise Solutions can help businesses adapt to changing needs.
This document is Reliance Steel & Aluminum Co.'s quarterly report on Form 10-Q filed with the Securities and Exchange Commission for the quarterly period ended March 31, 2007. It includes the company's unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement for the quarter, as well as notes to the financial statements. It provides key financial data about the company's performance and financial position for the period.
This document summarizes TXU Corp.'s consolidated income statements and balance sheets for the three months, six months, and twelve months ended June 30, 2001 and 2000. Some key details:
- Operating revenues increased 33.4%, 54.8%, and 48.4% respectively compared to the prior year.
- Total operating expenses also increased significantly due to higher energy purchase costs and other factors.
- Net income decreased 8.8%, 2.9%, and 19.6% respectively compared to the prior year.
plains all american pipeline 2004 10-K part 2finance13
This document provides an overview and financial data for Plains All American Pipeline, L.P. It discusses the company's operations in crude oil transportation, gathering, marketing, terminalling and storage. Key details include:
- The company owns approximately 15,000 miles of crude oil pipelines and 37 million barrels of storage capacity, handling over 2.4 million barrels per day.
- For 2004, revenues were $20.975 billion and net income was $133.1 million, up from $59.4 million in 2003.
- The document provides historical financial and operating data from 2000-2004, including revenue, expenses, pipeline volumes, capital expenditures, and cash flow statements.
- It discusses
The document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2008. It includes:
1) Unaudited consolidated financial statements including balance sheets, income statements, and cash flow statements for the periods ended June 30, 2008 and 2007.
2) Notes to the unaudited consolidated financial statements providing additional information about amounts in the financial statements.
3) Certifications by management regarding internal controls and procedures.
The financial statements provide key financial information about Reliance Steel & Aluminum Co.'s performance and financial position for the periods presented.
This document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2007. It includes the company's unaudited consolidated financial statements and notes. The financial statements show that for the quarter, the company had net sales of $1.9 billion, net income of $122.8 million, and earnings per diluted share of $1.59. For the six months ended June 30, the company had net sales of $3.7 billion, net income of $234.5 million, and earnings per diluted share of $3.06. The report provides information on the company's financial position, results of operations, and cash
This document provides financial information for SLM Corporation for the quarter ending June 30, 2007 and comparisons to previous periods. Some key details include:
- Net income for the quarter was $966 million compared to $116 million in the previous quarter and $724 million in the same quarter last year.
- "Core earnings" which is a non-GAAP measure of profitability was $189 million for the quarter compared to $251 million in the previous quarter and $320 million in the same quarter last year.
- Average managed student loans for the quarter were $152.3 billion compared to $146.2 billion in the previous quarter and $128.4 billion in the same quarter last year.
This document is Reliance Steel & Aluminum Co.'s quarterly report filed with the SEC for the quarter ended March 31, 2008. It includes the company's consolidated balance sheets as of March 31, 2008 and December 31, 2007, as well as the consolidated statements of income and cash flows for the quarters ended March 31, 2008 and 2007. It also includes notes to the financial statements and sections on management's discussion of financial condition, market risk, controls and procedures, and various other disclosures.
The document is Reliance Steel & Aluminum Co.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2006. The summary includes:
1) Reliance Steel reported net sales of $1.559 billion for the quarter and net income of $100.5 million.
2) Total assets increased to $3.46 billion from $1.77 billion at the end of 2005, primarily due to acquisitions completed during the first half of 2006.
3) Cash flows from operations were negative $77.2 million for the first half of 2006, largely due to increases in accounts receivable and inventory to support sales growth including from
The document provides financial highlights for Southern Company for 2007 compared to 2006. Some key metrics included earnings per share of $2.29 in 2007 compared to $2.12 in 2006, an increase of 8%; operating revenues of $15.35 billion in 2007 compared to $14.36 billion in 2006, an increase of 6.9%; and return on average common equity of 14.6% in 2007 compared to 14.26% in 2006, an increase of 2.4%. Total assets increased 6.8% to $45.79 billion in 2007 from $42.86 billion in 2006.
Xcel Energy announced higher third quarter 2007 earnings compared to third quarter 2006. Income from continuing operations was $246 million or $0.57 per share, up from $214 million or $0.50 per share in 2006. Higher earnings were driven by increased electric margins from a 2007 Colorado rate increase and higher cost recovery in Minnesota. However, increased operating and maintenance expenses and financing costs partially offset these gains. Xcel Energy increased its 2007 EPS guidance to $1.38-$1.42 and initiated 2008 EPS guidance of $1.45-$1.55.
This document provides financial information for SLM Corporation for the quarters ending March 31, 2007, December 31, 2006, and March 31, 2006. Some key details include:
- Net income for the quarters was $116 million, $18 million, and $152 million respectively.
- "Core Earnings" net income, which excludes certain items, was $251 million, $326 million, and $287 million respectively.
- Average managed student loans increased from $124.9 billion to $146.2 billion.
- Total assets increased from $97.8 billion to $126.9 billion over the period reported.
Xcel Energy reported improved second quarter 2004 earnings compared to the second quarter of 2003. Net income for the quarter was $86 million, or $0.21 per share, compared to a net loss of $283 million, or $0.71 per share in 2003. Regulated utility earnings from continuing operations improved to $89 million in 2004 from $77 million in 2003. Results from discontinued operations were earnings of $5 million in 2004 compared to losses of $337 million in 2003. The company maintained its annual earnings guidance of $1.15 to $1.25 per share.
The document provides consolidated financial statements for a company for the years 2005-2007. It shows that total revenues increased from $10.2 billion in 2005 to $13.6 billion in 2007. Net income decreased from $549 million in 2005 to a net loss of $95 million in 2007. Key line items include total revenues, operating expenses, income from continuing operations, and net income/loss for each year.
The document is a notice from Sun Microsystems for its 2008 Annual Meeting of Stockholders. It states that the meeting will be held on November 5, 2008 at 10:00am at Sun's Auditorium in Santa Clara, California. The purposes of the meeting are to elect directors, ratify the appointment of the independent auditors, vote on amendments to eliminate supermajority voting provisions and amend the employee stock plan, and consider three stockholder proposals. Stockholders of record as of September 15, 2008 are entitled to vote.
AES is a global power company that operates in over 30 countries. In its 2004 annual report, AES highlights its focus on providing reliable power to local communities around the world in a way that empowers people and fuels economic growth. AES discusses several of its projects including building a large coal power plant in China, a combined power and desalination plant in Qatar, and increasing power generation capacity in Cameroon. AES emphasizes its commitment to social responsibility, environmental stewardship, and creating lasting positive impact in the communities it serves.
This document is a Form 10-Q quarterly report filed by The AES Corporation with the SEC for the quarter ended September 30, 2006. It includes condensed financial statements such as statements of operations and balance sheets, as well as notes to the financial statements and sections on legal proceedings, risks factors, and controls and procedures. The financial statements show that for the quarter, AES reported a net loss of $340 million compared to net income of $244 million in the prior year period. Revenues increased but were offset by higher costs of sales and a $537 million loss on the sale of a subsidiary stock.
Qwest reported third quarter 2004 results with improved revenue trends driven by wireline and wireless segments. Revenue increased slightly compared to last quarter but decreased year-over-year. Cost reduction initiatives expanded margins while cash from operations exceeded capital expenditures. Key growth areas like DSL subscribers and long-distance lines increased significantly.
This document is a Form 10-Q quarterly report filed by HSBC Finance Corporation with the US Securities and Exchange Commission. It provides financial statements and disclosures for the quarter ended September 30, 2008. Specifically, it includes an unaudited consolidated statement of income, balance sheet, and cash flows. It shows a net loss of $271 million for the quarter due to a high provision for credit losses of $3.8 billion. Total assets were $131.5 billion as of September 30, 2008, with receivables, net making up 86% of total assets. The report provides additional details on financial results, credit quality, liquidity, and risk management.
This document is a Form 10-Q quarterly report filed by HSBC Finance Corporation with the US Securities and Exchange Commission. It provides financial statements and disclosures for the quarter ended September 30, 2008. Specifically, it includes an unaudited consolidated statement of income, balance sheet, cash flows, and notes to the financial statements. It discloses a net loss of $271 million for the quarter due to a $3.8 billion provision for credit losses, as well as a goodwill impairment charge of $71 million. Total assets were $131.5 billion as of September 30, 2008, with receivables, net making up 86% of total assets.
- SLM Corporation reported a net loss of $159 million for the quarter ended September 30, 2008 compared to net income of $266 million for the previous quarter and a net loss of $344 million for the same quarter last year.
- "Core earnings", which excludes certain one-time items, were $117 million for the quarter compared to $156 million for the previous quarter and $259 million for the same quarter last year.
- Total assets increased slightly to $165 billion from $164 billion at the end of the previous quarter.
This document is Berkshire Hathaway's interim shareholders report for the third quarter of 2004. It includes consolidated balance sheets, statements of earnings, and condensed statements of cash flows for the periods ended September 30, 2004 and 2003. The report provides key financial information on Berkshire's insurance, utilities, manufacturing, and services businesses. It summarizes revenues, costs, earnings, cash flows, and financial positions for the periods. The management discussion and analysis section provides additional context regarding Berkshire's financial condition and operating results.
This document provides supplemental financial information for SLM Corporation for the first quarter of 2007. It includes key statements of income figures for the quarters ending March 31, 2007, December 31, 2006, and March 31, 2006. Net income for the quarter increased significantly from the previous quarter due to higher gains on student loan securitizations. The company's net income was also up compared to the same quarter last year, driven by growth in interest income from its student loan portfolios.
The document is a supplemental earnings disclosure from SLM Corporation (Sallie Mae) for the quarter ending June 30, 2008. Some key details:
- For the quarter, Sallie Mae reported a GAAP net income of $266 million compared to a net loss of $104 million last quarter and net income of $966 million the same quarter last year.
- On a non-GAAP "Core Earnings" basis, Sallie Mae reported net income of $156 million for the quarter compared to $188 million last quarter and $189 million the same quarter last year.
- Average managed student loans for the quarter were $171.9 billion, up slightly from the previous quarter but
This document is an SEC filing by Xcel Energy Inc. for the quarterly period ending June 30, 2001. It includes Xcel Energy's consolidated statement of income for the three and six month periods ended June 30, 2001 and 2000. The filing shows that Xcel Energy reported operating income of $436.9 million and net income of $167.9 million for the quarter. For the six month period, Xcel Energy reported operating income of $930.2 million and net income of $377.2 million. The document provides detailed financial information on Xcel Energy's revenues, expenses, taxes and earnings for the periods in a standardized SEC filing format.
This document is an SEC Form 10-Q filing by Xcel Energy Inc. for the quarter ended June 30, 2001. It includes Xcel Energy's consolidated statements of income and cash flows for the quarter and year-to-date. The filing shows that for the quarter, Xcel Energy reported net income of $167.9 million and earnings per share of $0.49. For the six months ended June 30, 2001, Xcel Energy reported net income of $377.2 million and earnings per share of $1.10. The filing also provides details on Xcel Energy's revenues, expenses, assets, liabilities and cash flows for the periods reported.
This annual report summarizes the financial performance of Circuit City Stores, Inc. and its subsidiaries Circuit City and CarMax for the fiscal year 2000. Some key highlights include:
- Circuit City Stores saw net sales of $12.6 billion in 2000, up from $10.8 billion in 1999. Earnings from continuing operations were $327.8 million.
- The Circuit City Group, which includes Circuit City retail stores and CarMax, had net sales of $10.6 billion in 2000, up from $9.3 billion in 1999. Earnings from continuing operations before interest in CarMax were $326.7 million.
- CarMax operated 40 used car superstores and franchises
This annual report summarizes the financial performance of Circuit City Stores, Inc. and its subsidiaries Circuit City and CarMax for the fiscal year 2000. Some key highlights include:
- Circuit City Stores saw net sales of $10.8 billion in fiscal year 2000, up from $8.87 billion in 1999. Earnings from continuing operations were $211 million.
- The Circuit City Group, which includes Circuit City retail stores and CarMax, had net sales of $9.34 billion in 2000, up from $8 billion in 1999. Earnings from continuing operations before interest in CarMax were $235 million.
- CarMax operated 40 used car superstores and franchises in 2000, up
This document provides financial information for SLM Corporation for the quarters ending March 31, 2008, December 31, 2007 and March 31, 2007. Some key details include:
- For the quarter ending March 31, 2008, SLM Corporation reported a net loss of $104 million compared to a net loss of $1.6 billion for the quarter ending December 31, 2007 and net income of $116 million for the quarter ending March 31, 2007.
- "Core earnings" which excludes certain items, was a net income of $188 million for the quarter ending March 31, 2008, a net loss of $139 million for the quarter ending December 31, 2007 and a net income of $251 million for the quarter ending
- Adobe reported its financial results for the second quarter of fiscal year 2009, with total revenue of $704.7 million, down 20% from the same quarter last year.
- Net income was $126.1 million, down 41% from the prior year. Diluted earnings per share were $0.24.
- For the third quarter of fiscal 2009, Adobe estimates non-GAAP diluted earnings per share to be between $0.30 to $0.37.
goldman sachs First Quarter 2008 Form 10-Q finance2
This document is Goldman Sachs' quarterly report filed with the SEC for the quarter ended February 29, 2008. It includes Goldman Sachs' condensed consolidated financial statements such as statements of earnings, financial condition, changes in shareholders' equity, and cash flows. It also includes notes to the financial statements and sections for management discussion/analysis of financial results, market risk disclosures, and certifications of internal controls. The report provides key financial information on Goldman Sachs' performance, position, and activities during the reported quarter to shareholders and regulators.
This document provides financial information for SLM Corporation for the fourth quarter and full year of 2008. It shows that on a GAAP basis, SLM had a net loss of $216 million for Q4 2008 and $213 million for the full year. However, using a non-GAAP "Core Earnings" measure, SLM had net income of $65 million for Q4 2008 and $526 million for the full year. The document also provides information on SLM's loan portfolios, average loan balances, financial position, and key operating metrics.
This document provides financial information for SLM Corporation for quarters ending September 30, 2006, June 30, 2006, and September 30, 2005 and for the nine month periods ending September 30, 2006 and 2005. It includes key metrics like net income, earnings per share, return on assets, and amounts of student loans on and off the balance sheet. The document also provides explanatory notes on items reported on a GAAP and "Core Earnings" non-GAAP basis and the impact of adopting new accounting standards.
- SLM Corporation reported a net loss of $1.6 billion for the quarter ending December 31, 2007 compared to a net loss of $344 million for the previous quarter.
- "Core earnings", which excludes certain one-time items, was a loss of $139 million for the quarter ending December 31, 2007 compared to core earnings of $259 million for the previous quarter.
- Total assets increased to $155.6 billion as of December 31, 2007 from $150.8 billion as of September 30, 2007, driven largely by growth in the student loan portfolio.
SLM Corporation reported its financial results for the second quarter of 2006. Net interest income decreased from the prior quarter due to higher interest expenses. However, net income increased significantly due to a large gain from student loan securitizations. Overall, net income for the first half of 2006 was higher than the same period in 2005, driven by growth in interest income from student loans and gains on securitizations.
Xcel Energy Inc. filed a quarterly report with the SEC for the period ending March 31, 2001. The report includes consolidated statements of income and cash flows. For the quarter, Xcel Energy reported net income of $209 million on revenues of $4.2 billion. Operating income was $493 million. Cash provided by operating activities was $260 million, while cash used in investing activities was $1.7 billion, consisting largely of nonregulated capital expenditures and utility construction costs. Cash from financing activities was $1.6 billion, including proceeds from debt and equity issuances.
Xcel Energy Inc. filed a quarterly report with the SEC for the period ending March 31, 2001. The report includes consolidated statements of income and cash flows. For the quarter, Xcel Energy reported net income of $209 million on revenues of $4.2 billion. Operating income was $493 million. Cash provided by operating activities was $260 million, while cash used in investing activities was $1.7 billion, consisting largely of nonregulated capital expenditures and utility construction costs. Cash from financing activities was $1.6 billion, including proceeds from debt and equity issuances.
This document is an SEC Form 10-Q quarterly report filed by HSBC Finance Corporation. It provides financial statements and disclosures for the quarter ending June 30, 2008, including:
- Consolidated statements of income, balance sheets, cash flows, and changes in shareholders' equity.
- Notes to the financial statements providing details on accounting policies, segment information, credit quality, liquidity, and other disclosures.
- Management's discussion and analysis of financial condition, results of operations, credit quality, liquidity, risk management, and reconciliations to GAAP measures.
Similar to qwest communications Q_3Q07_ER_attach (20)
The document discusses Pepsi Bottling Group's use of non-GAAP financial measures to provide additional context for investors beyond standard GAAP reporting. It defines one such measure, Operating Free Cash Flow (OFCF), as cash from operations less capital expenditures plus excess tax benefits from stock options. Management uses OFCF to evaluate business performance and liquidity. The document provides Pepsi's forecast for 2007 OFCF between $530-550 million and outlines adjustments made to certain first quarter 2007 financial results to exclude foreign currency translation impacts.
The document discusses Pepsi Bottling Group's (PBG) use of non-GAAP financial measures to provide additional context for investors beyond standard GAAP reporting. It provides non-GAAP adjusted figures for PBG's second quarter 2007 results which exclude the impact of foreign currency translation. It also gives adjusted guidance figures for full year 2007 diluted EPS and effective tax rate which exclude the impact of reversing tax contingencies. Finally, it defines and discusses the non-GAAP measure of operating free cash flow, and provides PBG's estimated range for full year 2007 operating free cash flow.
The document provides reconciliations of Pepsi Bottling Group's (PBG) reported and comparable non-GAAP financial measures for the third quarter and year-to-date 2007, including net revenue, gross profit, operating income, earnings per share (EPS), and operating free cash flow (OFCF). It also provides PBG's 2007 guidance ranges on a reported and adjusted basis, adjusting for items affecting comparability including tax matters, restructuring charges, and asset rationalization charges.
pepsi bottling Non Gaap Investor Day121307finance19
The document provides reconciliations of non-GAAP financial measures reported by The Pepsi Bottling Group to GAAP measures for 2005-2007 and 2008 guidance. It summarizes adjustments made for items affecting comparability between years, including restructuring charges, tax law changes, and accounting rule changes. Operating profit growth, EPS, and cash flow are reconciled for these periods. Non-GAAP measures are used to evaluate underlying business performance by excluding certain non-recurring or variable items.
The document summarizes Pepsi Bottling Group's (PBG) fourth quarter 2007 earnings conference call. It provides non-GAAP financial measures to allow for meaningful year-over-year comparisons. Items affecting comparability in 2007 include a tax contingency reversal, tax law changes, and restructuring charges. The document also reconciles 2007 and Q4 2007 reported results to comparable results. Guidance for 2008 reported and comparable operating income growth and EPS is also provided.
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The document provides reconciliations of non-GAAP financial measures reported by The Pepsi Bottling Group for 2008. It identifies items affecting comparability between years, including restructuring charges, asset disposal charges, and stock-based compensation. The document summarizes the quantitative impact of these items on key financial metrics like operating income growth, earnings per share, and cash flow. It also provides guidance for 2008 operating free cash flow.
The document provides reconciliations of non-GAAP financial measures and items affecting comparability for The Pepsi Bottling Group's third quarter 2008 earnings conference call. It summarizes restructuring charges, asset disposal charges, a tax audit settlement, tax law changes, and stock-based compensation adjustments. It also provides comparable and reported figures for net revenue, operating income, earnings per share, and other metrics. Guidance is given for full-year 2008 measures on a comparable and reported basis.
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The document discusses PBG's financial highlights and growth in 2000. Key points:
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World Fuel Services Corporation is a global leader in the downstream marketing and financing of aviation and marine fuel products and related services. For the nine-month period ended December 31, 2002, the company reported revenue of $1.55 billion, up 52.6% from the same period the previous year. Net income was $9.9 million, down 22.6% from the previous year. The company has a strong balance sheet with $312 million in total assets and $127.7 million in stockholders' equity.
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Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
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Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
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What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
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qwest communications Q_3Q07_ER_attach
1. ATTACHMENT A
QWEST COMMUNICATIONS INTERNATIONAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended September 30, Nine Months Ended September 30,
2007 2006 % Change 2007 2006 % Change
(Dollars in millions except per share amounts, shares in thousands)
Operating revenue...................................................... $ 3,434 $ 3,487 (1.5)% $ 10,343 $ 10,435 (0.9)%
Operating expenses:
Cost of sales (exclusive of depreciation
and amortization)................................................. 1,313 1,382 (5.0)% 3,940 4,194 (6.1)%
Selling, general and administrative ........................ 1,323 1,014 30.5 % 3,325 2,996 11.0 %
Depreciation and amortization................................ 619 691 (10.4)% 1,846 2,075 (11.0)%
Total operating expenses............................................ 3,255 3,087 5.4 % 9,111 9,265 (1.7)%
Other expense (income)—net:
Interest expense on long-term borrowings and
and capital leases—net ....................................... 272 291 (6.5)% 828 885 (6.4)%
Other—net ............................................................. (9) (42) (78.6)% — (87) nm
Total other expense (income)—net ........................... 263 249 5.6 % 828 798 3.8 %
(Loss) income before income taxes............................ (84) 151 nm 404 372 8.6 %
Income tax benefit...................................................... 2,149 43 nm 2,147 27 nm
Net income................................................................. $ 2,065 $ 194 nm $ 2,551 $ 399 nm
Earnings per share:
Basic....................................................................... $ 1.14 $ 0.10 nm $ 1.39 $ 0.21 nm
Diluted.................................................................... $ 1.08 $ 0.09 nm $ 1.31 $ 0.20 nm
Weighted average shares outstanding:
Basic....................................................................... 1,818,683 1,901,372 (4.3)% 1,841,474 1,886,127 (2.4)%
Diluted.................................................................... 1,916,478 2,004,502 (4.4)% 1,942,152 1,962,558 (1.0)%
nm—Percentages greater than 200% and comparisons between positive and negative values or to/from zero values are considered not meaningful.
2. ATTACHMENT B
QWEST COMMUNICATIONS INTERNATIONAL INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
September 30, December 31,
2007 2006
(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents................................................................ $ 1,119 $ 1,241
Short-term investments..................................................................... — 248
Other................................................................................................. 2,650 2,165
Total current assets.............................................................................. 3,769 3,654
Property, plant and equipment—net and other.................................... 18,942 17,585
Total assets.......................................................................................... $ 22,711 $ 21,239
LIABILITIES AND STOCKHOLDERS' EQUITY OR DEFICIT
Current liabilities:
Current portion of long-term borrowings ........................................ $ 1,727 $ 1,686
Accounts payable and other.............................................................. 3,528 3,474
Total current liabilities......................................................................... 5,255 5,160
Long-term borrowings—net................................................................ 12,779 13,206
Other.................................................................................................... 4,386 4,318
Total liabilities..................................................................................... 22,420 22,684
Stockholders' equity (deficit)............................................................... 291 (1,445)
Total liabilities and stockholders' equity or deficit.............................. $ 22,711 $ 21,239
3. ATTACHMENT C
QWEST COMMUNICATIONS INTERNATIONAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
Nine Months Ended
September 30,
2007 2006
(Dollars in millions)
Cash provided by operating activities........................ $ 2,126 $ 1,929
Cash used for investing activities............................... (1,023) (1,381)
Cash used for financing activities.............................. (1,225) (432)
(Decrease) increase in cash and cash equivalents...... $ (122) $ 116
4. ATTACHMENT D
QWEST COMMUNICATIONS INTERNATIONAL INC.
SELECTED CONSOLIDATED DATA
(UNAUDITED)
Three Months Ended and as of September 30,
2007 2006 % Change
(Dollars in millions)
Operating revenue (1):
Wireline services revenue:
Voice services:
Local voice services:
Mass markets.................................................................................. $ 931 $ 992 (6.1)%
Business.......................................................................................... 282 305 (7.5)%
Wholesale....................................................................................... 149 169 (11.8)%
Total local voice services................................................................... 1,362 1,466 (7.1)%
Long-distance services:
Mass markets.................................................................................. 162 162 —%
Business.......................................................................................... 132 138 (4.3)%
Wholesale....................................................................................... 220 272 (19.1)%
Total long-distance services............................................................... 514 572 (10.1)%
Access services.................................................................................. 127 139 (8.6)%
Total voice services .............................................................................. 2,003 2,177 (8.0)%
Data, Internet and video services:
Mass markets..................................................................................... 306 225 36.0 %
Business............................................................................................. 602 581 3.6 %
Wholesale.......................................................................................... 371 360 3.1 %
Total data Internet and video services................................................... 1,279 1,166 9.7 %
Total wireline services revenue ............................................................... 3,282 3,343 (1.8)%
Wireless services revenue ........................................................................ 144 135 6.7 %
Other services revenue ............................................................................. 8 9 (11.1)%
Total operating revenue ........................................................................... $ 3,434 $ 3,487 (1.5)%
Other data:
Capital expenditures (2):.......................................................................... $ 420 $ 394 6.6 %
Total employees........................................................................................ 37,026 39,163 (5.5)%
Consumer ARPU (in dollars) (3):............................................................. $ 55 $ 50 10.0 %
Broadband Services:
Subscribers (in thousands):................................................................... 2,516 1,973 27.5 %
Qualified households/businesses (in millions)...................................... 7 7 —%
Wireless (4):
Total wireless services revenue............................................................. 144 135 6.7 %
End of period subscribers (in thousands).............................................. 819 781 4.9 %
ARPU (in dollars)................................................................................. 49 49 —%
Access lines (in thousands) (1)(5):
Business access lines:
Retail lines......................................................................................... 2,803 2,900 (3.3)%
Resold lines........................................................................................ 1,338 1,564 (14.5)%
Total business access lines.................................................................... 4,141 4,464 (7.2)%
Mass markets access lines:
Consumer primary lines..................................................................... 6,860 7,454 (8.0)%
Consumer additional lines................................................................. 686 803 (14.6)%
Small business lines........................................................................... 1,345 1,316 2.2 %
Total mass markets access lines............................................................ 8,891 9,573 (7.1)%
Total access lines...................................................................................... 13,032 14,037 (7.2)%
In-region long distance lines (in thousands)............................................. 4,871 4,900 (0.6)%
Minutes of use from carriers and CLECs (in millions):............................ 10,635 11,796 (9.8)%
5. ATTACHMENT D
(CONTINUED)
QWEST COMMUNICATIONS INTERNATIONAL INC.
SELECTED CONSOLIDATED DATA
(UNAUDITED)
Three Months Ended and as of September 30,
2007 2006 % Change
Mass markets retail connections (in thousands):
Mass markets access lines (1)................................................................ 8,891 9,573 (7.1)%
Broadband subscribers (7)..................................................................... 2,516 1,973 27.5 %
Video subscribers (6)(7)........................................................................ 634 350 81.1 %
Wireless subscribers.............................................................................. 819 781 4.9 %
Total mass markets retail connections...................................................... 12,860 12,677 1.4 %
(1) Certain prior period revenue and access line amounts have been reclassified to conform to the current period presentation.
(2) Capital expenditures exclude assets acquired through capital leases.
(3) Consumer ARPU (Average Revenue Per Unit) is measured as consumer wireline revenue in the period divided by the average number of primary
access lines for the period. We believe this metric can be a useful measure of the revenue performance of our consumer business within our mass
markets channel on a per-customer basis. We use ARPU internally to assess the revenue performance of our consumer business within our mass
markets channel and the impact on this business of periodic customer initiatives and product roll-outs. ARPU is not a measure determined in
accordance with accounting principles generally accepted in the United States of America, or GAAP, and should not be considered as a substitute
for our wireline services segment revenue or any other measure determined in accordance with GAAP.
(4) Wireless ARPU (Average Revenue Per Unit) is measured as the recurring portion of our wireless services revenue stream attributed to subscribing
customers (plus certain activation fees) divided by the average number of subscribers for the period. We believe this metric can be a useful measure of
the revenue performance of our wireless business on a per-customer basis. We use ARPU internally to assess the revenue performance of our wireless
business and the impact on this business of periodic customer initiatives and product roll-outs. ARPU is not a measure determined in accordance with
GAAP and should not be considered as a substitute for our wireless services segment revenue or any other measure determined in accordance with
GAAP. Wireless ARPU includes surcharges for the recovery of costs associated with providing number portability and wireless 911 services.
Three Months Ended September 30,
2007 2006 % Change
(Dollars in millions)
ARPU is calculated as follows:
Total quarterly wireless services revenue...................................................... $ 144 $ 135 6.7 %
Less: quarterly non-recurring revenue........................................................... (24) (20) 20.0 %
Quarterly recurring revenue........................................................................... $ 120 $ 115 4.3 %
Average monthly recurring revenue.................................................................. $ 40 $ 38 5.3 %
Divided by quarterly average wireless subscribers (in thousands).................... 817 775 5.4 %
Wireless services ARPU (in dollars)................................................................. $ 49 $ 49 —%
(5) Access lines were reclassified during 2007 to conform to our revenue channel presentation. Resold lines include UNE lines and public pay phone
lines.
(6) Video subscribers have been adjusted by approximately 23,000 subscribers as of September 30, 2006 to conform to our current presentation of
video subscribers.
(7) Broadband and video subscribers include certain business customers.
6. ATTACHMENT E
QWEST COMMUNICATIONS INTERNATIONAL INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(UNAUDITED)
Three Months Ended Nine Months Ended
September 30, September 30,
2007 2006 2007 2006
(Dollars in millions)
Segment income:
Operating revenue................................................... $ 3,434 $ 3,487 $ 10,343 $ 10,435
Cost of sales (exclusive of depreciation
and amortization) ................................................ (1,313) (1,382) (3,940) (4,194)
Selling, general and administrative ........................ (1,323) (1,014) (3,325) (2,996)
Segment income...................................................... $ 798 $ 1,091 $ 3,078 $ 3,245
EBITDA—as adjusted (1): ...................................... $ 1,151 $ 1,134 $ 3,471 $ 3,310
Less: Legal reserve.................................................. (353) — (393) —
Less: Realignment, severance and related costs...... — (43) — (65)
EBITDA (1):.............................................................. 798 1,091 3,078 3,245
Depreciation and amortization................................ (619) (691) (1,846) (2,075)
Total other expense (income)—net ........................ (263) (249) (828) (798)
Income tax benefit................................................... 2,149 43 2,147 27
Net income.............................................................. $ 2,065 $ 194 $ 2,551 $ 399
EBITDA margin—as adjusted (1):
EBITDA—as adjusted ........................................... $ 1,151 $ 1,134 $ 3,471 $ 3,310
Divided by total operating revenue......................... $ 3,434 $ 3,487 $ 10,343 $ 10,435
EBITDA margin—as adjusted ............................... 33.5% 32.5% 33.6% 31.7%
EBITDA margin (1):
EBITDA.................................................................. $ 798 $ 1,091 $ 3,078 $ 3,245
Divided by total operating revenue......................... $ 3,434 $ 3,487 $ 10,343 $ 10,435
EBITDA margin...................................................... 23.2% 31.3% 29.8% 31.1%
Free cash flow from operations (2):
Cash provided by operating activities..................... $ 753 $ 752 $ 2,126 $ 1,929
Less: expenditures for property, plant
and equipment and capitalized software............. (420) (394) (1,164) (1,226)
Free cash flow from operations............................... 333 358 962 703
Add: certain one-time settlement payments............ — — 200 100
Adjusted free cash flow from operations................ $ 333 $ 358 $ 1,162 $ 803
September 30,
2007 2006
(Dollars in millions)
Net debt (3):
Current portion of long-term borrowings................ $ 1,727 $ 1,685
Long-term borrowings—net.................................... 12,779 13,228
Total borrowings—net............................................ 14,506 14,913
Less: cash and cash equivalents ............................. (1,119) (962)
Less: short-term investments................................... — (218)
Less: long-term investments.................................... (119) —
Net debt................................................................... $ 13,268 $ 13,733
7. ATTACHMENT E
(CONTINUED)
QWEST COMMUNICATIONS INTERNATIONAL INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(UNAUDITED)
(1) EBITDA, EBITDA margin, EBITDA—as adjusted and EBITDA margin—as adjusted are non-GAAP financial measures.
Other companies may calculate these measures (or similarly titled measures) differently. We believe these measures provide useful
information to investors in evaluating our capital-intensive business because they reflect our operating performance before the
impacts of non-cash items and are indicators of our ability to service debt, pay taxes and fund discretionary spending such as
capital expenditures. Management also uses EBITDA for a number of purposes, including setting targets for compensation and
assessing the performance of our operations.
EBITDA for the three and nine months ended September 30, 2007 included $353 million and $393 million, respectively, in legal
reserve. EBITDA for the three and nine months ended September 30, 2006 included $43 million and $65 million, respectively, in
realignment, severance and related costs.
(2) Free cash flow and adjusted free cash flow from operations are non-GAAP financial measures that indicate cash generated by
our business after operating expenses, capital expenditures and interest expense. We believe these measures provide useful
information to our investors for purposes of evaluating our ability to satisfy our debt and other mandatory payment obligations and
because they reflect cash flows available for financing activities, voluntary debt repayment and to strengthen our balance sheet.
This is of particular relevance for our business given our significant debt balance. We also use free cash flow and adjusted free
cash flow from operations internally for a variety of purposes, including setting targets for compensation and budgeting our cash
needs. These measures are not determined in accordance with GAAP and should not be considered as a substitute for “operating
income” or “net cash provided by operating activities” or any other measure determined in accordance with GAAP. Due to the
forward-looking nature of expected free cash flow amounts for 2007, information to reconcile this non-GAAP financial measure is
not available at this time.
(3) Net Debt is a non-GAAP financial measure that we calculate as our total borrowings (current plus long-term) less our cash and
cash equivalents and short and long-term investments. We believe net debt is helpful in analyzing our leverage, and management
uses this measure in making decisions regarding potential financings. Net debt is not a measure determined in accordance with
GAAP and should not be considered as a substitute for “current borrowings” or “long-term borrowings” or any other measure
determined in accordance with GAAP.