Operating expenses in the fourth quarter of 2015 rose 14 percent to $ 6.6 billion, «primarily driven by R&D expense, particularly affected
by expenses resulting from project milestones in Other Bets established several years ago,» Porat said, according to a transcript.
Not exact matches
Important factors that could cause actual
results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a
result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment
by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft
resulting from cancellations, deferrals, or reduced orders
by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending
by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges,
expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a
result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Lease
results benefited from fleet growth but were partially offset
by higher maintenance costs on certain older model year vehicles and weather - related
expenses.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred
by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may
result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of
expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered
by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
FFO as adjusted is generally calculated
by the Company as NAREIT FFO excluding certain transactional income and
expenses and non-operating impairments which management believes are not reflective of the
results within the company's operating real estate portfolio.
The Healthcare Reform Law, including The Patient Protection and Affordable Care Act and The Healthcare and Education Reconciliation Act of 2010, could have a material adverse effect on Humana's
results of operations, including restricting revenue, enrollment and premium growth in certain products and market segments, restricting the company's ability to expand into new markets, increasing the company's medical and operating costs
by, among other things, requiring a minimum benefit ratio on insured products, lowering the company's Medicare payment rates and increasing the company's
expenses associated with a non-deductible health insurance industry fee and other assessments; the company's financial position, including the company's ability to maintain the value of its goodwill; and the company's cash flows.
Costs are both financial, including listing fees and the
expenses associated with mandatory disclosures and other regulatory requirements, and less tangible, such as the perceived burden of quarterly earnings releases, the risk of being targeted
by activist investors, and higher visibility that can
result in political or competitive pressure.
Captain Jon Weaks, president of SWAPA, stated that the two executives have been making poor decisions
by prioritizing «short - term stock performance at the
expense of long - term investment in people and infrastructure,»
resulting in chaotic scheduling and technological glitches, and therefore they should resign.
The
result: instead of the «exceedingly lean» staff of 22 envisioned in the business plan, the company employed 338 people
by the beginning of 1996, and 1995
expenses outpaced revenues
by some $ 7.9 million.
Adjusted Net Income is defined as net income excluding (i) franchise agreement amortization, which is a non-cash
expense arising as a
result of acquisition accounting that may hinder the comparability of our operating
results to our industry peers, (ii) amortization of deferred financing costs and debt issuance discount, a non-cash component of interest
expense, and (gains) losses on early extinguishment of debt, which are non-cash charges that vary
by the timing, terms and size of debt financing transactions, (iii)(income) loss from equity method investments, net of cash distributions received from equity method investments, (iv) other operating
expenses (income), net, and (v) other specifically identified costs associated with non-recurring projects.
These increases were partially offset
by lower stock - based compensation
expense as a
result of forfeitures of stock during the quarter and making our annual stock grant later in the quarter than we did in the first quarter of 2017.
Part of this underperformance was due to selling during crashes and buying during booms, part of it had to do with frictional
expenses such as brokerage commissions, capital gains taxes, and spreads, and part of it was the
result of taking on too much risk
by investing in assets that weren't understood.
(l) Except as otherwise set forth in Schedule 2.7 (l) of the Disclosure Schedule, (i) the Company is not and will not be obligated to pay separation, severance, termination or similar benefits as a
result of any of the transactions contemplated
by this Agreement, nor will any such transactions accelerate the time of payment or vesting, or increase the amount, of any benefit or other compensation due to any individual; and (ii) the transactions contemplated
by this Agreement will not cause the Company to record additional compensation
expense on its income statements with respect to any outstanding Stock Option or other equity - based award.
Adjusted income (loss) from operations is a measure of profitability used
by Cigna's management because it presents the underlying
results of operations of Cigna's businesses and permits analysis of trends in underlying revenue,
expenses and shareholders» net income.
The improvement in the current fiscal
results is entirely due to higher revenues, dampened
by somewhat higher
expenses, especially public debt charges.
* Binary Option Robot Info is in no way responsible for any claims, losses or
expenses that may
result by following our advice.
Based on the
results to date, the March 2011 Budget estimate for program
expenses could be overstated
by at least $ 6 billion.
The decrease in gross margin was the
result of lower portfolio margins from a higher mix of operating leases and higher transaction taxes, partially offset
by higher margins on lease extensions and lower bad debt
expense as a percentage of revenue.
This was largely driven
by an increase in workers» compensation
expense of $ 1.4 billion,
resulting from changes in interest rates.
Expenses for retiree health benefits and workers compensation declined by $ 4.8 billion and $ 3.5 billion, respectively, but were partially offset by $ 2.4 billion in higher expenses for the amortization of unfunded retirement benefits, the result of statutory mandates effective for 2017 and changes in Office of Personnel Management actuarial assu
Expenses for retiree health benefits and workers compensation declined
by $ 4.8 billion and $ 3.5 billion, respectively, but were partially offset
by $ 2.4 billion in higher
expenses for the amortization of unfunded retirement benefits, the result of statutory mandates effective for 2017 and changes in Office of Personnel Management actuarial assu
expenses for the amortization of unfunded retirement benefits, the
result of statutory mandates effective for 2017 and changes in Office of Personnel Management actuarial assumptions.
The Company may enter into fair value hedges, such as interest rate swaps, to reduce the exposure of its debt portfolio to changes in fair value
resulting from changes in interest rates
by achieving a primarily U.S. dollar LIBOR - based floating interest
expense.
The decrease primarily
resulted from a $ 175.2 million decrease in share - based compensation
expense, primarily related to $ 183.4 million recognized as a
result of the Merger, an $ 11.1 million decrease in Merger - related costs and a $ 2.3 million decrease in travel and corporate functions costs, partially offset
by a $ 3.5 million increase in executive severance costs, a $ 2.8 million increase in sponsor - related consulting fees for interim executive and international consulting services, a $ 2.6 million increase in legal and accounting fees, a $ 1.9 million increase in sponsor - related management fees and a $ 1.0 million increase in contract negotiation services.
Earnings growth primarily
resulted from higher net interest income and lower preferred share dividends, partly offset
by lower non-interest income, increased non-interest
expenses and a marginally higher provision for credit losses.
Short Term Capital Gains: For calculating these, you deduct the expenditure incurred wholly and exclusively for facilitating the asset transfer, the cost of improvement (
expenses made for the improvement of the asset while it was in possession of the seller) and the cost of acquisition (the price of asset to the seller) from the full value of consideration (the value received
by the seller of the asset as a
result of the transfer of the asset).
Operating and legal
expenses incurred
by the issuer to address, challenge and resolve any unfavorable regulatory position may be substantial and may
result in the issuers insolvency.
Like most retailers impacted
by these storms, we are still assessing the impact they will have on our business and operations, but we do expect the store closures, dislocations and extraordinary hurricane - related
expenses to have some impact on our current quarter financial
results.
Those following this path are sure to beat the net
results [after fees and
expenses] delivered
by the great majority of investment professionals.»
Icotokennews.com is in no way responsible for any claims, losses or
expenses that may
result by following our advice.
As a
result there is a good chance that there are significant savings to be had
by cutting
expenses,
resulting in improved margins.
As evidenced
by our first quarter performance, our zero based budgeting process contributed to our
results, as we successfully leveraged our SG&A
expenses on same - store sales growth below our 2.5 % to 3 % leverage target.
As a
result of the recurring transfers of Bitcoins to pay the Sponsor's Fee and the Trust
expenses not assumed
by the Sponsor, the net asset value of the Trust («NAV») and, correspondingly, the fractional number of Bitcoins represented
by each Share, will decrease over the life of the Trust.
If on the other hand we attempt to redress the balance
by adopting a less systematic, more critical stance, then the very reverse seems to
result: we end up emphasizing the particular at the
expense of the universal, the temporal at the
expense of the eternal, or the contingent at the
expense of the necessary.
According to the Mirror, suspicious betting patterns were identified after the game — which saw Zaragoza survive at the
expense of Deportivo la Coruña — and an investigation
by Spanish anti-corruption authorities has
resulted in 20 players being called to give evidence.
Mutko has defended the ticket pricing
by claiming that the organisation of a friendly against a top team
results in a lot of
expenses.
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expenses, damages and costs, including reasonable attorneys» fees,
resulting from any violation of these Terms of Use
by you.
Canna said an estimated $ 400,000 in
expenses have been incurred as a
result of «Mickey Mousing» around
by the village, including an additional $ 60,000 due to delays and an increase of $ 288,000 in construction costs.
You agree that to the fullest extent permitted
by law you shall defend, indemnify and hold harmless Orlando Stroller Rentals, LLC from and against all claims, damages, losses, costs, and
expenses, including, but not limited to attorneys» fees, legal costs and legal
expenses, arising out of or
resulting from this Agreement (including the performance, breach, or termination of this Agreement), your use of this Website, and / or your order or use of anything available through Orlando Stroller Rentals, LLC and / or this Website, provided that such claim, damage, loss, cost, or
expense is not caused
by the sole negligence or sole fault of Orlando Stroller Rentals, LLC.
Indemnification: You agree to indemnify, defend and hold harmless Fertility Center of Las Vegas, its officers, directors, employees, agents, information providers, partners, advertisers and suppliers from and against all losses,
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resulting from any violation of this Agreement or any activity related to your account (including infringement of third parties» worldwide intellectual property rights or negligent or wrongful conduct)
by you or any other person at your direction accessing Fertility Center of Las Vegas» web site.
Notice While every care is taken to ensure the accuracy of the data within this product, the owners of the data do not make any representations or warranties about its accuracy, reliability, completeness or suitability for any particular purpose and, to the extent permitted
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result of the data being inaccurate or incomplete in any way and for any reason.
Andrew Hawkins on the positive outcomes that may
result from the constitutional crisis sparked
by the
expenses scandal
Legislation from Sen. Kathy Marchione and Assemblyman Steve McLaughlin would permit the village to issue serial bonds for «extraordinary
expenses incurred
by the village as a direct
result of the discovery of the contamination of the village's municipal water supply,» according to the bill memorandum.
She had been told in her induction interview that they could be «claimed» under HMRC's «mileage system» even though her earnings were insufficient for her to pay tax in the first place, with the
result that the
expenses she incurred in doing her job were reimbursed neither
by her employer nor through the tax system.
But actually this was a good
result for all sorts of parties: Ukip, the Greens and Labour also saw increases in their vote share — at the
expense of the Liberal Democrats, whose vote collapsed
by 23.1 %.
The outlook for oil prices in my view, remains problematic especially with the advent of pro-energy policies in the US
by President Trump's administration and less restraints on oil production and pipelines as a
result of climate concerns; the reserves accretion is probably artificial and worse still, at the
expense of trade and manufacturing output; the IMF and World Bank have been wrong many times before -LRB-!)
For him, the damage caused
by the
expenses row was a direct
result of the untrusting attitude which politicians have had towards the public being thrown back at them.
Many MPs are furious that the audit of their
expenses claims over the past five years
by Sir Thomas Legg has
resulted in demands for thousands of pounds to be repaid.
He said the surplus
results from cost - cutting,
expense deferrals, one - shot revenue, a recovering economy and a continuing wage freeze imposed
by the county's financial control board, the Nassau Interim Finance Authority.
Given the fact that the Tories are doing better in Sutton (at the
expense of the LD's) there is a good chance that Labour have increased their majority in Croydon but this was more than compensated
by a better Conservative
result in Sutton.
Foresters strongly favored planting more commercially valuable coniferous trees — such as Scots pines, Norway spruce and beech —
resulting in the reforestation of 633,000 square kilometers of conifers at the
expense of broadleaved forests, which decreased
by 436,000 square kilometers since 1850.
Results show that men cover dating
expenses most of the time, as reported
by 84 percent of men and 58 percent of women.