There would be a return of
capital in this cash flow, so not all of it would be taxable.
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.
According to S&P
Capital IQ, LBO prices
in 2015 (through early October) were almost six times
cash flow, close to the peak reached
in 2007.
While she did have $ 1.6 million
in freshly raised equity
capital, a
cash -
flow crisis that only a little more than a year before had forced her to cut salaries and staff was still fresh
in everyone's mind.
But, Jason said, for the next decade they plan to restrict themselves to just living on the
cash flowing from investments and ignore any
capital or market increases
in the value of properties, pensions, and shares.
In the next 12 months, small business owners said they would have less revenue, forecasted more layoffs, and indicated they expected
capital spending and
cash flow to become more constrained.
Corporate venture -
capital firms that benefit from high
cash flows might be willing to spread out their investments over a few similar companies and take a back seat
in terms of driving their growth, while a venture -
capital firm is typically motivated to take a more focused and hands - on approach for its portfolio companies.
Pioneer has also pledged to retain more of its free
cash flow, rather than spending it all and then some on
capital expenditures and incurring debt that could sap future profits, as has been common
in the industry.
Last, the terms of the benefaction mandate that half the
cash flow goes into a fund to be spent by the dean to upgrade the school,
in areas that are identified by students and faculty — anything from professional recruitment and faculty travel to minor
capital upgrades and fund raising.
For 2018, AT&T said including impacts from tax cuts and a new accounting standard, it expects earnings per share
in the $ 3.50 range, free
cash flow of about $ 21 billion and
capital expenditures of $ 25 billion.
Banks didn't choose to cut their payouts
in 2008; it was regulators that forced them to divert
cash flow to raise their
capital reserves.
In a move to reduce the
flow of foreign
cash into markets like Toronto and Vancouver, the government said it will tighten a loophole on an exemption that allows homeowners to avoid paying
capital gains tax on the sale of a principal residence.
«When entrepreneurs lose
cash flow, they give up leverage and negotiating power and risk losing too much ownership
in a desperate attempt to raise funding,» says Wunderlich, who is also a partner at private - equity group DCA
Capital Partners.
-- We estimate that steady earnings and restrained
capital expenditures should contribute to annual run - rate free
cash flow of at least C$ 400 million, much of which will be allocated to debt reduction
in the next 12 - 18 months.
FCF is computed by subtracting
capital expenditures from operating
cash flow, each as determined
in accordance with GAAP.
Finance &
Capital mentor Stephen King responds:
Cash flow forecasting and the reporting of actual cash flow results are two critical activities that go hand in h
Cash flow forecasting and the reporting of actual
cash flow results are two critical activities that go hand in h
cash flow results are two critical activities that go hand
in hand.
«The combined CSRA and GDIT offers innovative, competitive and compelling solutions to our customers, and provides attractive free
cash flow coupled with good incremental return on
capital for investors,» Phebe Novakovic, chairman and chief executive officer of General Dynamics, said
in a statement.
While rising commodity prices have certainly played their part
in lifting Teck's business, management's decision to wind down
capital spending as new projects come on line has allowed the company to reduce debt and significantly boost free
cash flow.
Benefits — Each family / real estate investor keeps average $ 600 / mo for 2 yrs, real estate
in all major metropolitans will have a traded price, increase buying power of low income high credit citizens, stimulate real estate investment by making it easier for investors to
cash flow a rental property, reduce home inventory, the increase home values and liquidity provides incentive to put the $ X trillion
in capital currently on the sidelines back to work and mortgage prepayments will increase
capital availability.
During periods of adverse changes
in general economic, industry or competitive conditions, such as we experienced
in calendar years 2008 and 2009, some of our vendors may experience serious
cash flow issues, reductions
in available credit from banks, factors or other financial institutions, or increases
in the cost of
capital.
For companies involved
in capital intensive activities, such as the auto companies and railroads, you are going to see much lower price to
cash flow multiples because investors know that much of the money is going to have to be poured back into equipment, facilities, materials, and fixed assets or else the firm will be hurt.
O'Rourke expects
cash flow to exceed
capital requirements on a quarterly basis
in the near future: «A lot of front - end spending is now
in the rear - view mirror, and they can spend money at the drill bit instead of on gas plants and gathering systems.»
Whether you take a «distribution» (aka free -
cash -
flow)
in the form of a dividend, interest payment,
capital gain, maturing ladder of a CD, etc, you are still taking the same amount of
cash out of your portfolio.
Speaking to Reuters this month, Fort Pitt
Capital founder Charles Smith said that «Boeing shares are still moderately undervalued, particularly if the company can sustain free
cash flow margins
in the 13 to 15 percent range.»
In order to derive the true recurring
cash flows, an accurate invested
capital, and an accurate shareholder value, we made the following adjustments to John B. Sanfilippo & Son's 2017 10 - K:
If Microsoft generates 50 million
in operating
cash flow, has
capital expenditures of 20 million, pays preferred dividends 10 million and pays common dividends 5 million, Microsoft has a
cash dividend payout ratio of 25 %.
Compared to other companies
in the NYSE ARCA Gold Miners Index (GDM), Northern Star is a sector leader
in a number of factors, including five - year
cash flow return on invested
capital.
Under the Bonus Plan, our compensation committee,
in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions,
cash flow,
cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating
cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit, return on assets, return on
capital, return on equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working
capital, and individual objectives such as MBOs, peer reviews, or other subjective or objective criteria.
In general, lines of credit and short - term loans are more suited for smaller or recurring business expenses, daily working
capital or
cash flow gaps.
Cairngorm
Capital's unique mix of sectoral expertise and investment skill enables it to be actively involved
in the strategy and operational focus of portfolio companies, partnering with management teams to grow revenue, enhance margins, improve
cash flow or consolidate industry leadership positions.
In spite of this extra preparation, there are still situations where a business might need the extra
capital available via a temporary
cash flow loan.
To make this an even bigger challenge, popular media would have us believe that
capital is the answer to every problem business owners face; and many business owners who aren't, or lack, a «profit expert» make decisions that seemingly make a lot of sense, but
in reality makes it more difficult to be profitable by further burdening their business»
cash flow with debt they can't support.
* Manage Your Finances
In One Place: I recommend signing up for Personal
Capital, a free financial management tool online that helps you track your net worth, analyze your investments for excessive fees, and manage your
cash flow.
In order to derive the true recurring
cash flows, an accurate invested
capital, and a real shareholder value, we made the following adjustments to Foot Locker's 2017 10 - K:
In order to derive the true recurring
cash flows, an accurate invested
capital, and a real shareholder value, we made the following adjustments to Southwest's 2015 10 - K:
The methodology provides a well - screened group of stocks that also delivers yields greater than the market (S&P 500 yields ~ 2 % while the stocks
in our portfolio have an average yield of 6.5 %), safety
in the sustainability of the yield because of strong free
cash flow, and the potential for
capital gains as each stock is currently undervalued.
Having made the necessary adjustments to derive accurate and complete NOPAT, Invested
Capital, economic earnings and free
cash flow (FCF), we have high conviction
in our DCF model.
In order to derive the true recurring
cash flows, an accurate invested
capital, and a real shareholder value, we made the following adjustments to O'Reilly's 2016 10 - K:
The announcement came as the company said it spent $ 656 million on
capital expenditures
in the first quarter, and its negative
cash flows from its operations reached nearly $ 400 million during the period, causing Tesla to burn through over $ 1 billion of
cash.
FL currently earns a third - quintile 10 % return on invested
capital (ROIC) and has generated a cumulative $ 762 million (12 % of market cap)
in free
cash flow (FCF) over the past five years.
Whether you require auto repair shop loans for a quick boost
in cash flow to assist with everyday business expenses or a larger infusion of
capital for significant upgrades to your auto shop, you may qualify for $ 4,000 to $ 1,000,000
in as few as two business days!
Based on his studies during the 1960s and his practical experience
in the early 1970s, Milken was determined to focus, first, on future
cash flow rather than the past as reflected
in book value and reported earnings; and second, to consider human
capital part of the balance sheet.
Similarly, Srivatsa of Blowhorn shared how his firm started off 2016 with just two weeks of
capital left
in the bank but successfully strove through the year on
cash flow, thanks to the core team taking pay cuts and the company cutting down on other costs without a single employee quitting.
Financial risk: The potential for gain or loss on a financial level measured
in terms of revenue, return on investment, return on equity, shareholder value, profitability, debt level,
capital expenditures and free
cash flow.
In order to derive the true recurring
cash flows, an accurate invested
capital, and an accurate shareholder value, we made the following adjustments to Oclaro's 2017 10 - K:
Many landlords
in Toronto are not
cash flow break - even but looking for
capital gain.
In order to derive the true recurring
cash flows, an accurate invested
capital, and a real shareholder value, we made the following adjustments to Omnicom's 2017 10 - K:
In order to derive the true recurring
cash flows, an accurate invested
capital, and a real shareholder value, we made the following adjustments to Cisco's 2017 10 - K:
In order to derive the true recurring
cash flows, an accurate invested
capital, and a real shareholder value, we made the following adjustments to Target Corporation's 2017 10 - K:
Partners Value Split Corp. (formerly «BAM Split Corp.») commenced operations
in September 2001 and currently owns a portfolio consisting of 79.7 million Class A Limited Voting shares of Brookfield Asset Management Inc. (the «Brookfield Shares») which generate
cash flow through dividend payments that fund quarterly fixed cumulative preferential dividends for the holders of the company's Preferred shares, and provide the holders of the company's
Capital shares the opportunity to participate in any capital appreciation in the Brookfield
Capital shares the opportunity to participate
in any
capital appreciation in the Brookfield
capital appreciation
in the Brookfield Shares.