Viacom reported financial results for the first quarter of 2008 that showed increases in revenue, operating income, and earnings per share compared to the first quarter of 2007. Revenue grew 15% to $3.117 billion. Operating income increased 29% to $567 million. Diluted earnings per share from continuing operations rose 45% to $0.42. Media Networks and Filmed Entertainment, Viacom's two business segments, both saw revenue growth for the quarter despite lower theatrical revenues at Filmed Entertainment. Viacom also provided guidance for 2008-2010 of low double-digit annual growth in diluted earnings per share from continuing operations.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. Cautionary Statement Concerning Forward-Looking Statements
This presentation contains both historical and forward-looking statements. All statements, including Business Outlook, which are
not statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements reflect
the Company’s current expectations concerning future results, objectives, plans and goals, and involve known and unknown
risks, uncertainties and other factors that are difficult to predict and which may cause actual results, performance or
achievements to differ. These risks, uncertainties and other factors include, among others: advertising market conditions; the
public acceptance of and ratings for the Company’s feature films, programs, digital services and other content, as well as related
advertisements; competition for advertising dollars; technological developments and their effect in the Company’s markets and
on consumer behavior; fluctuations in the Company’s results due to the timing, mix and availability of the Company’s
programming, films and other content; changes in the Federal communications laws and regulations; the impact of piracy; the
impact of increased scale in parties involved in the distribution and aggregation of the Company’s products and program services
to consumers and advertisers; the impact of union activity; other domestic and global economic, business, competitive and/or
regulatory factors affecting the Company’s businesses generally; and other factors described in the Company’s news releases
and filings with the Securities and Exchange Commission, including but not limited to the Company’s 2007 Annual Report on
Form 10-K and reports on Form 10-Q and Form 8-K. The forward-looking statements included in this presentation are made
only as of the date of this presentation, and the Company does not have any obligation to publicly update any forward-looking
statements to reflect subsequent events or circumstances. Reconciliations for any non-GAAP financial information contained in
this presentation are included in this presentation or found on the Company’s website at www.viacom.com.
This presentation is a supplement to, and should be read in conjunction with, Viacom’s earnings release for the first
quarter ended March 31, 2008.
Page 1
5. Footnotes
1. 2008 adjusted results exclude a $12 million pre-tax non-cash impairment of an investment
in which the Company holds a minority interest ($12 million after-tax, $0.02 per share).
2. 2007 adjusted results exclude $56 million of pre-tax expenses related to Media Networks
restructuring charges, principally severance, affecting MTV Networks domestic and
international operations ($34 million after-tax, $0.05 per share).
See pages 16 - 19 for a reconciliation to GAAP results.
Page 4
6. Free Cash Flow
($ In Millions)
1st Quarter
2008 2007 B/(W)
Operating Income $ 567 $ 441 29%
Depreciation & Amortization 92 96 (4%)
Capital Expenditures (88) (41) (115%)
Cash Interest (37) (45) 18%
(144) (70) (106%)
Cash Taxes
Working Capital & Other (387) (73) (430%)
(1)
$ 3 $ 308 (99%)
Free Cash Flow
1) See Page 20 for the definition and reconciliation of free cash flow to cash provided by operations.
Page 5
7. Debt & Cash
($ In Millions)
March 31, 2008
Commercial Paper / Bank Debt $ 1,168
Floating Rate Senior Notes due 2009 750
Total Floating Rate Debt 1,918
5.75% Senior Notes due 2011 1,494
6.25% Senior Notes due 2016 1,495
6.125% Senior Notes due 2017 497
6.875% Senior Debentures due 2036 1,734
6.75% Senior Debentures due 2037 248
6.85% Senior Notes due 2055 750
Note Payable 166
Capital Leases 308
Total Fixed Rate Debt 6,692
Total Debt $ 8,610
Cash & Cash Equivalents $812
Page 6
8. Share Repurchase Program
(In Millions)
YTD Through
1Q 2008
5/1/08
Cost of Repurchase $414 $536
Shares Repurchased 10.4 13.5
Quarter End Shares Outstanding 634.6
Remaining program availability as of 5/1/08 is $2.0 billion
Page 7
12. Filmed Entertainment – Revenues by Type
($ In Millions)
1st Quarter
2008 2007 B/(W)
Theatrical $ 247 $ 266 (7%)
Home Entertainment 499 410 22%
TV License Fees 340 308 10%
Ancillary 60 40 50%
Total $ 1,146 $ 1,024 12%
Page 11
13. Filmed Entertainment – Theatrical Releases
1Q 2008 1Q 2007
Cloverfield Freedom Writers
How She Move Norbit
Strange Wilderness Reno 911
The Spiderwick Chronicles Black Snake Moan
The Eye Zodiac
Drillbit Taylor Shooter
Stop Loss Blades of Glory
Page 12
15. Business Outlook
For the three year period from 2008 through 2010, Viacom expects to
deliver low double-digit annual growth in diluted earnings per share
from continuing operations.
This outlook is based on adjusted earnings and reflects growth from
2007 adjusted diluted earnings per share from continuing operations of
$2.36. See the Supplemental Disclosures herein for a description of
adjusted results and tables detailing those adjustments that impact the
current and prior year.
Page 14
17. Supplemental Disclosures – Non-GAAP Financial Information
Non-GAAP measures, including free cash flow and adjusted results that exclude
non-operating investment gains and losses, discrete taxes, impairment charges
and restructuring charges, where applicable, are relevant and useful information
for investors because they allow investors to view performance in a manner
similar to the method used by the Company's management, help improve their
ability to understand the Company's operating performance and make it easier to
compare the Company's results with other companies.
These measures are not calculated in accordance with GAAP. They should not be
considered in isolation of, or as a substitute for, net cash flow from operations,
operating income, net earnings from continuing operations and diluted EPS from
continuing operations as indicators of operating performance. Such non-GAAP
measures, as calculated by the Company, may not be comparable to similarly titled
measures employed by other companies.
Page 16
18. Supplemental Disclosures – Non-GAAP Financial Information
($ In Millions, Except Per Share Amounts)
Quarter ended March 31, 2008
Pre-tax Net Earnings Diluted EPS
Earnings from from
Operating from
Continuing Continuing
Income Continuing
Operations(1) Operations(2) Operations
Reported Results $ 567 $ 441 $ 270 $ 0.42
Adjustments:
Impairment of
- 12 12 0.02
Investment (3)
Adjusted Results $ 567 $ 453 $ 282 $ 0.44
See Page 19 for footnotes.
Page 17
19. Supplemental Disclosures – Non-GAAP Financial Information
($ In Millions, Except Per Share Amounts)
Quarter ended March 31, 2007
Pre-tax Net Earnings Diluted EPS
Operating Earnings from from from
Continuing Continuing
Income Continuing
Operations(1) (2)
Operations
Operations
Reported Results $ 441 $ 331 $ 202 $ 0.29
Adjustments:
Media Networks
56 56 34 0.05
(4)
Restructuring Activities
Adjusted Results $ 497 $ 387 $ 236 $ 0.34
See Page 19 for footnotes.
Page 18
20. Footnotes – Pages 17 - 18
1. Pre-tax earnings represent earnings from continuing operations before provision for
income taxes and minority interest.
2. The tax impact of adjustments has been calculated where appropriate using applicable
rates in effect for the period presented.
3. 2008 adjusted results exclude a $12 million non-cash impairment of an investment in which
the Company holds a minority interest.
4. 2007 adjusted results exclude $56 million of expenses related to Media Networks
restructuring charges, principally severance, affecting MTV Networks domestic and
international operations.
Page 19
21. Supplemental Disclosures – Non-GAAP Financial Information
($ In Millions)
1st Quarter
2008 2007
Cash Provided by Operations $ 91 $ 349
(88) (41)
Capital Expenditures
Free Cash Flow (1) $ 3 $ 308
1. The Company defines free cash flow as cash provided by operations minus capital expenditures. Free cash flow is a non-
GAAP measure. Management believes free cash flow provides investors with an important perspective on the Company’s
liquidity, including ability to service debt, make strategic acquisitions and investments, and repurchase stock.
Page 20