Sentences with phrase «claims on cash flows»

However, the other big flaw with P / E ratios is that they don't account for many of the more senior claims on cash flows.

Liabilities such as debt, underfunded pensions, and outstanding employee stock options are deducted from the DCF value, as they are senior claims on cash flows that must be satisfied before existing shareholders can be paid.

And if that is the case, then all claims on cash flows need to be included.

My point is that if you like a credit, and by that I mean a cash - paying entity, you can change where in the income statement you own a claim on the cash flow.

The owners of these pools then sell claims on the cash flow that they are generating to investors.

The debt investor trades seniority and (in some cases, collateral) for a fixed claim on cash flows.

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.

Until then, don't listen to activist investors claiming they can unlock value unless they articulate a focus on ROIC and long - term cash flows.

Over the years, I've emphasized what I call the Iron Law of Valuation: the every security is a claim on an expected stream of future cash flows, and given that expected stream of future cash flows, the current price of the security moves opposite to the expected future return on that security.

Now there's no doubt that something has, indeed, gone badly wrong with capitalism in the recent economic cycle, but we hasten to add that stocks are not only a claim on one year or one cycle of cash flows, but are claims on a stream of future deliverable cash flows with an effective duration of about 50 years.

Short - term financial disappointments may contribute, but stocks are a claim on an infinite stream of future cash flows.

At its core, every investment security is simply a claim on a very long - term stream of cash flows that will be delivered to investors over time.

From a long - term standpoint, a security is nothing more than a claim on the long - term stream of cash flows it will deliver into the hands of investors over time.

It's a claim on free cash flows that can actually be delivered to shareholders after all other claims have been discharged, such as debt service and investment to replace depreciation and provide for growth.

This is one of the reasons I am so concerned about the widespread focus on operating earnings, which often have nearly nothing to do with the actual stream of cash flows that is claimed by stockholders.

The problem was that investors stopped thinking about stocks as a claim on a very, very long - term stream of discounted cash flows.

It is a claim on free cash flow after debt service.

Until those cash flows are delivered, security prices only reflect the relative eagerness of investors to trade claims on those future cash flows.

Since corporations have to deliver cash flows both to stock holders and bondholders, the combined financial claims on a company are often measured using «enterprise value,» which includes the value of both.

The project's senior debt obligations will be fully amortized prior to commencement of TIFIA debt payments, providing TIFIA with a sole claim on project cash flows available for debt service.

Is there any advantage (aside from perhaps cash flow) of using an FSA over just claiming my medical / childcare expenses on my taxes?

We focus on how to control all aspects of your financial life — from investment selection and management, insurance coverage decisions, retirement planning and execution, college funding, cash flow management, Social Security claiming decision Frequency about 1 post per month.

Financial assets are claims on future cash flows, and interest rate hikes decrease the present value of those future cash flows (i.e. they increase the discount rate).

If a property runs cash flow negative, you may be able to claim a deduction on your tax return that leads to a tax refund.

This simply means AAA note claims are satisfied first, before any cash flows down to the next - rated tranche, and so on.

[WWF have claimed that the long - term costs could be offset by energy savings in all areas, but this appears to be based largely on wishful thinking and, at any rate, no discounted cash flow analysis was made to include the investment cost, nor was any estimate provided for the amount of global warming that would be averted.]

Mr. Blinderman added, «I am particularly attracted to Therium's portfolio financing model because it enables law firms to take on significantly more viable cases at little or no cost to the claimant and it allows corporations to utilize funding to prosecute unrealized claims while generating cash flow for the firm and / or company.»

Having been a pioneer in the use of insurance to manage financial risk in commercial disputes, Therium has delivered a variety of solutions to clients who wish to (i) de-risk their litigation, (ii) remove the drain on cash flow and profit from financing litigation, or (iii) realise value from their claim, judgment or award.

As an aside, the claim that personal injury is more profitable does not take into account the cost of capital and cash flow needed to run cases against defendants with deep pockets, on a conditional or No Win - No Fee ™ basis.

This type of non-sensical goal is replicated in many other aspects of the costs recovery process in the claims we handle and undoubtedly results in wasted costs for the NHS, as well as having a massive impact on cash flow for law firms.

Claiming they have «10,000 data points,» they take a look at financial indicators like bank accounts to determine cash flow, but also «electronic indicators» like whether users take the time to do their research before filling out the form on the Elevate website.

Lenders are willing to make stretch senior loans because they have a senior claim of security on the asset and cash flow and will make a higher return, Derrington adds.