Therefore the subsequent reduction in Reading's
net debt accrues directly to Reading's shareholders by reducing EV and no longer EBITDA.
Not exact matches
SolarCity's recurring cash flows exceed a
net present value of $ 2 billion [2] above and beyond non-recourse
debt repayment, all of which will ultimately
accrue to the combined company if the acquisition is approved.
The balance sheet is as straight forward as the income statement; Cash of $ 600 million, accounts receivable of $ 350 million (about equal to accounts payable), inventory of $ 750 million and fixed assets and other assets of $ 370 million offset by $ 315 million in
accrued expenses and $ 670 in
net long - term
debt.
* $ 7.0 million in
debt, * $ 3.1 million of
accrued liabilities at December 31, 2008, * $ 3.1 million of remaining building lease obligations,
net of potential subleases, * $ 2.2 million of estimated severance for Named Executive Officers, * $ 5.0 million of estimated operating expenses for the six months ended June 30, 2009, * $ 2.3 million of estimated winddown and other transaction costs,