Activision Blizzard generated a record $ 2.16 billion
in operating cash flow for the year ended December 31, 2016, an increase of 71 % year - over-year.
The growth
in its operating cash flow is encouraging, though I've got no particular view on TSRI's business — contract computer programming — or the prospects for that business.
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 %.
About $ 172 million
in operating cash flow has been generated since year - end 2009.
DRAD had a very good second quarter, generating $ 3M
in operating cash flow and ending the quarter up more than $ 2.2 M in cash.
Now, we should see a reduction
in operating cash flow (at least initially, due to PTR's reduced stake in Licence 61), but the elimination of 3 M odd of annual interest expense should provide a decent offset.
During the period 2007 - 9 the company generated about $ 36 million
in operating cash flow, raised $ 42 million in equity capital and increased long - term debt by $ 6 million.
In the quarter, the Company generated $ 107 million
in operating cash flow, its seventh consecutive quarter of positive cash generation.
«We're pleased to have generated over $ 41 billion in net income and over $ 50 billion
in operating cash flow in fiscal 2012,» said Peter Oppenheimer, Apple's CFO.
A: Our model evaluates five indicators of shareholder wealth and business performance: total shareholder return, earnings per share growth, change
in operating cash flow, return on equity and return on assets.
* Change
in operating cash flow is replaced with: (i) tangible book value per share growth for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) growth in funds from operations for REITs, with the exception of Mortgage and Specialized REITs.
BNSF generated $ 6 billion
in operating cash flow in 2012 for Berkshire Hathaway, and a slate of current investments to improve the railroad's network is expected to lead to higher freight volumes and higher cash flow in the years to come.
The net result for Green Mountain was a big pickup
in operating cash flow, which reached $ 836 million for the period.
Before working capital changes, Apache generated $ 799 million
in operating cash flow.
Adjusted EBITDA was negative $ 217.9 million, and Snap burned through $ 232 million
in operating cash flow.
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 %.
During the first quarter of 2018, Gilead generated $ 2.3 billion
in operating cash flow, fully repaid the $ 4.5 billion term loans borrowed in connection with Gilead's acquisition of Kite, utilized $ 1.0 billion on stock repurchases and paid cash dividends of $ 753 million.
Now, that's about $ 2.5 trillion
in operating cash flow.
In the same period, Apache generated nearly $ 17 billion
in operating 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.
«Increased commodity prices, coupled with a focus on
operating efficiently and strengthening our portfolio, resulted
in higher earnings and the highest quarterly
cash flow from operations and asset sales since 2014,» Darren Woods, chairman and chief executive officer, said
in a statement.
MPC Chairman and CEO Gary R. Heminger said Monday
in a statement that he expects Marathon buying Andeavor to generate about $ 1 billion
in annual cost and
operating synergies within the first three years, which should,
in turn, improve its long - term
cash flow.
«Tesla continues to target a production rate of approximately 5,000 units per week
in about three months, laying the groundwork for Q3 to have the long - sought ideal combination of high volume, good gross margin and strong positive
operating cash flow,» the company stated
in an April 3 statement.
In addition,
cash flows related to debt prepayment and extinguishment costs were reclassified from
operating activities to financing activities.
«You should not be building a business if the model does not lead to sustainable
operating income and
cash flow out of which a salary can be taken
in a reasonable period of time,» says Frances Spark of Spark Consulting LLC, a New York firm that provides business consulting, operational restructuring and interim CFO and COO services to entrepreneurs and small to mid-size companies.
We refer to the net amount of
cash generated from
operating activities and investing activities (excluding changes
in restricted
cash and acquisitions) from continuing operations as «free
cash flow».
In Q1 2018, the adoption of the new cash flow accounting standard resulted in a reclassification of cash flows related to the deferred purchase price from securitization transactions from operating activities to investing activitie
In Q1 2018, the adoption of the new
cash flow accounting standard resulted
in a reclassification of cash flows related to the deferred purchase price from securitization transactions from operating activities to investing activitie
in a reclassification of
cash flows related to the deferred purchase price from securitization transactions from
operating activities to investing activities.
The adoption of the new
cash flow accounting standard resulted
in a reclassification of
cash flows related to our deferred purchase price from securitization transactions from
operating activities to investing activities.
Mining equipment supplier Emeco Holdings says its improved quarterly revenue and
cash flow came
in spite of
operating difficulties
in Western Australia.
«Since Day 1, we've put aside three months» worth of
operating expenses
in a high - interest account to use
in the event we have
cash -
flow issues.
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.
At the meeting
in late 2016, executives said Quidsi would also generate significant free
cash flow in 2017, which is notable because Amazon CEO Jeff Bezos has long said that he cares more about free
cash flow than he does profit margins or profitability metrics such as
operating income and net income.
In the third quarter, GE's
cash flow from
operating activities fell 78 percent from a year ago, to $ 4.1 billion.
Cree considers free
cash flow to be an
operating performance and a liquidity measure that provides useful information to management and investors about the amount of
cash generated by the business after the purchases of property and equipment, a portion of which can then be used to, among other things, invest
in Cree's business, make strategic acquisitions, strengthen the balance sheet and repurchase stock.
In addition to the non-GAAP measures discussed above, Cree also uses free
cash flow as a measure of
operating performance and liquidity.
Miller thinks that the company can meet his revenue projection of $ 403 million and $ 70 million
in adjusted
operating cash flow (AOCF).
«Our biggest challenge was to obtain a large
operating line from chartered banks
in order to maintain a comfortable
cash flow and run our operations.
Increases and decreases
in receivables and payables are accounted for on your
cash flow statement, as are other activities from
operating your business and selling your products and services.
The stable outlook reflects our view that ACT's strong market position
in North America and Scandinavia and its continued
operating efficiency will insulate it from margin pressure
in this highly competitive industry, contributing incremental earnings and generating strong free
cash flow for debt reduction that should result
in leverage declining quickly to about 3x by the end of 2013.
FCF is computed by subtracting capital expenditures from
operating cash flow, each as determined
in accordance with GAAP.
The increase / decrease
in cash figure at the bottom of the
cash flow statement represents the net result of
operating, investing and financing activities.
Simultaneously, the Company has increased revenue, eliminated billions of dollars
in costs, delivered the largest
operating income of the last 10 years and once again generated free
cash flow.
A higher iron ore price has helped Atlas Iron post
operating cash flow of $ 58 million
in the December quarter, as the company maintained that it would reach a net
cash position by the middle of the year.
On a final note, Boeing — the world's largest aircraft manufacturer — hit fresh new highs last week after the company crushed Wall Street expectations, reporting record
operating cash flow of $ 13.4 billion for 2017, up more than a quarter percent from $ 10.5 billion
in 2016.
Investments
in early - stage and late - stage companies are highly speculative and involve significant risks due to, among other things, inconsistent
cash flows, the competitive landscape, and short
operating cycles.
Verizon expects a $ 3.5 - $ 4 billion benefit to
operating cash flow in 2018.
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.
Assuming Intelsat generates positive
operating cash flow on par with those years — $ 464 million generated
in 2017, and $ 684 million generated
in 2016 — this means there's a very good chance that Intelsat will generate positive free
cash flow over the next few years as well.
Calpine
operates in a weak power market and its fundamentals are not great, said Guggenheim Securities analyst Shahriar Pourreza, adding that the company could not find a way to use its
cash flow to reduce its debt.
One of the ways to evaluate the sustainability of
cash flows is to examine the barriers of entry for the market or markets
in which the company
operates.