To put it simply, cash flow is the journey
of financial assets into and out of your business.
For individuals, the logic comes down to disaster protection: Years of record low interest rates have propelled the price
of every financial asset into the stratosphere.
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.
Although all states now have «no fault» divorce proceedings, some jurisdictions still take
into account the grounds for divorce when dividing
assets, said Justin Reckers, a certified
financial planner, divorce
financial analyst and CEO
of WellSpring Divorce Advisors.
Now, the Canadian
financial services company that offers unique ETFs and other investment solutions has grown
into a competitive leader in the Canadian market, with approximately $ 6.5 billion in
assets under management as
of June 30.
The Fed's operations in the recent crisis have been loans to banks and other
financial institutions and purchases
of financial assets, not helicopter drops
of cash
into households» accounts.
He says the actions
of central banks «attempting to spark economic growth» are «severely punishing the world's savers and creating incentives to reach for yield, pushing investors
into less liquid
asset classes and increased levels
of risk, with potentially dangerous
financial and economic consequences.»
Maintaining a good understanding
of financial terminology will help you better determine how an
asset will fit
into your
financial needs and thus aid you in building a strong investment portfolio.
There are really three factors that go
into the ability to pay off indebtedness: first, the size
of the debt itself (including the rate at which it grows); second, the ratio
of one's income or
assets to the debt; and third, the competing demands on your
financial resources.
Following the
financial crisis, I argued that regulators should look
into whether or not the mutual fund rules and current accounting rules were appropriately structured given the growing presence
of firms like Berkshire Hathaway (BRKA), which get a pass from daily net
asset value calculations and other requirements.
In a closely - watched keynote speech at a banking conference in Frankfurt, Draghi dropped his clearest hint yet that the ECB will expand its program
of asset purchases, which depresses interest rates by injecting money
into the
financial system, and may also push its official deposit rate even further
into negative territory, from its current record low
of -0.20 %.
True, on the
financial disclosure forms Sanders released after announcing his entrance
into the presidential race, he lists no
assets of his own, other than a $ 5,000 annual pension payment from his stint as mayor
of Burlington, Vt..
Furthermore, the savings in the 401 (k) are bulletproof in the sense that if MDY ever runs
into financial trouble, your savings there will not be considered an
asset of the company.
In an era
of low interest rates, yield traps play
into the hands
of financial cheats who can cook the books by inventing revenue, altering expenses and creating
assets.
And in the political sphere, finance has become the great defender
of deregulating monopolies and «freeing» land rent and
asset - price gains from taxation, translating its economic power and campaign contributions
into the political power to capture control
of public
financial regulation.
The interview is a bit
of pure madness, but it brings up an interesting point about the
financial media's continued inability to understand the difference between a trend and three or four deals involving oil sand projects and how
assets factor
into individual balance sheets.
The information we collect and maintain about you is provided during the course
of your entering
into transactions with private issuers who have engaged Genesis to provide certain services in the context
of a private securities, digital currency or other
financial asset transaction or trading through Genesis.
We entered
into the
Asset - Based Credit Facility with several
financial institutions, including affiliates
of Morgan Stanley & Co..
On the monetary policy side, the Federal Reserve cut short - term interest rates close to zero, communicated that short - term rates were likely to stay exceptionally low far
into the future, and undertook a series
of large - scale
asset purchases in order to ease
financial conditions further.
2008 global
financial crisis, world HNW and MC's, flooded back
into US, driving USD strength, flatlined global economy, decelrating trade, collapse
of commodity values, reduction in opportunity horizon
of Manufacturing and Productive EM, along with debt dynamics in China accelerating (Money Printing,
Asset Bloat) and staid developed world horizons and Equity bloat in US.
The current regulatory environment, they say, also allows fund sponsors and advisory firms «to create incentives for their advisors to recommend excessive churning (repeated buying and selling)
of retirement
assets and to steer savers
into higher cost products with
financial payoffs for the advisor.»
Nonetheless, the organization expressed limited concerns about leveraged trading
of cryptocurrencies, the integration
of crypto -
assets into mainstream
financial products, and the cross-border character
of these digital
assets.
By taking a sliver
of your income and putting it away or investing it
into an
asset, you're setting yourself up for a strong
financial future.
Attorney and CPA Mark J. Kohler and expert
financial planner Randall A. Luebke deliver a guide catered to your entrepreneurial journey as they teach you how to create
assets that provide income so work is no longer a requirement, identify money and tax - saving strategies, and address business succession plans to help you transition
into the investment phase
of business ownership.
«These are also
assets that may satisfy the emotional needs and passions
of investors who are no longer comfortable putting more money
into financial assets at zero return, but who face barriers to entry in acquiring high - value luxury items like art, or a 1955 vintage Porsche speedster or a vineyard.»
We believe that when clarity returns, the
financial markets
of recent years will be unmasked to have been a comprehensive manipulation made possible by the alchemy
of transforming real
assets into hyperactively traded derivatives, ETPs, and
financial benchmarks.
After all, the cornerstone
of coordinated central - bank policy since 2008 has been the levitation
of financial assets via Zero Interest - Rate Policy (ZIRP) and Quantitative Easing (QE) by forcing investors
into risky
assets.
In its report, the IMF also remarked upon the integration
of crypto -
assets into mainstream
financial products.
It may also explain why people pile
into other kinds
of risky
assets — like initial coin offerings — despite warnings from
financial experts.
Any attempt to cancel some category
of debt, say government debt or personal mortgages, would immediately drive those
financial intermediaries holding such
assets, e.g. banks, pension funds, investment trusts,
into insolvency.
While they are required to direct 3.5 percent
of their
assets into grants each year (to meet their annual disbursement quota), the rest is generally invested with the sole aim
of maximizing
financial returns.
More due diligence on
asset values is determined before it enters
into a commitment, and the liquidation values
of assets are determined and an in - depth understanding
of the
financial position
of your company is completed to understand the present circumstances.
But the roots are global as well and at least one
of the roots is
financial repression which is the major central bank's policies over the last nine years
of recovery to drop interest rates to zero to buy risk
assets, to push investors
into risk
assets and generate a lot
of liquidity and credit.
By describing not only
asset prices, but also market participants» actions and interactions, this wealth
of information offers a new window
into the inner workings
of the
financial ecosystem.
... This is called the Dupont Formula: Dupont Formula ROE = profit margin ×
asset turnover ×
financial leverage ROE = (annual net profit ÷ sales) × (sales ÷
assets) × (
assets ÷ shareholders» equity) ROE = annual net profit ÷ shareholders» equity NasdaqGS: MRVL Last Perf Nov 28th 17 Basically, profit margin measures how much
of revenue trickles down
into earnings which illustrates how efficient MRVL is with its cost management.
Correlation risk: «The concept
of diversification is the foundation
of modern portfolio theory... The
financial engineer... reduces the risk
of a portfolio by combining anti-correlated
assets... All modern portfolio theory does is transfer price risk
into hidden short correlation risk... Many popular institutional investment strategies derive excess returns via implicit leveraged short correlation trades with hidden fragility... Correlation risk can be isolated and actively traded via options as source
of excess returns.
It's therefore unlikely that the new regulations in China allowing for the purchase
of foreign
financial assets will drive prices higher, even if all $ 70 billion
of the recently raised
assets find their way
into gold ETFs, such as the oldest and biggest
of them all, the SPDR Gold Shares (NYSEArca: GLD).
Examples
of these risks, uncertainties and other factors include, but are not limited to the impact
of: adverse general economic and related factors, such as fluctuating or increasing levels
of unemployment, underemployment and the volatility
of fuel prices, declines in the securities and real estate markets, and perceptions
of these conditions that decrease the level
of disposable income
of consumers or consumer confidence; adverse events impacting the security
of travel, such as terrorist acts, armed conflict and threats thereof, acts
of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion
into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread
of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment
of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount
of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion
of our
assets pledged as collateral under our existing debt agreements and the ability
of our creditors to accelerate the repayment
of our indebtedness; volatility and disruptions in the global credit and
financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss
of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price
of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times
of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability
of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
A small but growing number
of countries now have legal requirements for institutional investors to report on how their investment policies and performance are affected by environmental factors, including South Africa and, prospectively, the EU.36 Concern about the risks
of a «carbon bubble» — that highly valued fossil fuel
assets and investments could be devalued or «stranded» under future, more stringent climate policies — prompted G20 Finance Ministers and Central Bank Governors in April 2015 to ask the
Financial Stability Board in Basel to convene an inquiry into how the financial sector can take account of climate - related
Financial Stability Board in Basel to convene an inquiry
into how the
financial sector can take account of climate - related
financial sector can take account
of climate - related issues.37
Despite the inauspicious start, Banducci — one
of the
Financial Review's Business People
of the Year — has proved the doubters wrong, restoring sales growth in supermarkets, taking market share from Coles and Metcash's IGA retailers and defending Woolworths» turf from Aldi while extricating the retailer from its disastrous foray
into home improvement and selling off non-core
assets.
It followed a falling out between the club and Helenio Herrera and a period
of financial difficulties which forced the Blugrana
into selling their star
asset.
Kinnaird also asked the law firm
of Earl Neal, which has been administering the park district's
financial affairs since it was placed
into receivership last August, to submit a plan to manage the park district's debts and
assets.
The audited results also showed that the Bank's Total
Assets peaked at N4.07 trillion, translating
into 16.1 percent year - on - year growth from the figure
of N3.50 trillion recorded as at 2016
financial year.
The huge wealth
of American state
assets provided the backing that enabled a publicly owned institution to raise the
financial resources to achieve specific objectives — first in creating the essential infrastructure
of the national economy and then in transforming that economy
into an engine for winning the war.
A Federal Capital Territory, High Court sitting in Gudu, Abuja has ordered the Economic and
Financial Crimes Commission, EFCC, to remand
into prison custody pending the determination
of a bail application by the Ex - FCT minister Bala Mohammed who has been arraigned over a 6 - count charge bordering on abuse
of office, false declaration
of assets and fraud to the tune
of N864million.
The committee is now looking
into Rangel's alleged failure to disclose hundreds
of thousands
of dollars worth
of assets on mandatory congressional
financial disclosure forms.
The future
of the car was thrown
into question when GM began cutting products and selling
assets in a bid to staunch massive
financial losses that have now forced the company to consider filing for bankruptcy.
These
assets are considered parental
assets and are factored
into federal
financial aid formulas at a maximum rate
of about 5.6 % versus the 20 % rate that is assessed on student
assets.
For federal
financial aid programs, 20 %
of a student's
assets and 50 %
of income (over $ 6,420) are factored
into aid calculations.
They will» sell» their service to you as a solution to help get out
of debt whereas the reality
of the situation when dealing with such lending institutions is the fact that you are more likely to get
into even more
financial strife and lose the
assets that have been put up as collateral for the loan and possibly force you
into bankruptcy.