If we were to limit interest expense to 15 % of operating FCF, that would require a reduction
of interest expense from 220 M to 104.6 M — which would imply a near 53 % reduction in the company's excessive debt (& net derivatives) burden.
Management believes analysts and investors use Adjusted EBITDA as a supplemental measure to evaluate overall operating performance and facilitate comparisons with other wireless communications companies because it is indicative of T - Mobile's ongoing operating performance and trends by excluding the impact
of interest expense from financing, non-cash depreciation and amortization from capital investments, non-cash stock - based compensation, network decommissioning costs as they are not indicative of T - Mobile's ongoing operating performance and certain other nonrecurring income and expenses.
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.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices,
interest rates and foreign currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services
from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal
from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Second, unlike real estate developers, Marriott benefits
from minimal
interest expense and depreciation (a function
of capital costs).
It is certainly possible that the unethical favours at the
expense of of a third party might just be construed as the cost
of gifts in the eyes
of the giver and the receiver and hence become indistinguishable
from other forms
of self -
interest.»
As the details
of this plan become known, and as the political response builds
from people who fear their taxes will be raised, and as they build a coalition with special
interests who would lose out
from other aspects
of the proposal (like investors who do not like the proposed limitation on the deduction
of business -
interest expenses), this plan will become an enormous liability.
Represents loss on early extinguishment
of debt and non-cash
interest expense related to losses reclassified
from accumulated other comprehensive income (loss) into
interest expense in connection with
interest rate swaps settled in May 2015.
Adjusted Net Income is defined as net income excluding (i) franchise agreement amortization, which is a non-cash
expense arising as a result
of acquisition accounting that may hinder the comparability
of our operating results to our industry peers, (ii) amortization
of deferred financing costs and debt issuance discount, a non-cash component
of interest expense, and (gains) losses on early extinguishment
of debt, which are non-cash charges that vary by the timing, terms and size
of debt financing transactions, (iii)(income) loss
from equity method investments, net
of cash distributions received
from equity method investments, (iv) other operating
expenses (income), net, and (v) other specifically identified costs associated with non-recurring projects.
Our debt balance as
of March 31, 2018, was $ 348 million, down
from $ 780 million at loan origination in April 2016; our debt to Adjusted EBITDA ratio is well below one times; and we have reduced our non-GAAP
interest expense by over 70 % since origination on an annualized basis.»
In addition, during the period
from July 1 through December 31, the
interest expense allocated to the investment expenditure is a debt, the proceeds
of which are treated as used to make an investment expenditure.
(Sec. 13801) This section excludes the aging periods for beer, wine, and distilled spirits
from the production period for purposes
of the uniform
interest capitalization rules, which allows the producers to deduct
interest expenses attributable to a shorter production period.
The remaining $ 55
of interest expense for the period
from July 1 through December 31 ($ 1,000 ×.055) is allocated to the passive activity expenditure.
In addition, we believe it is useful to exclude
interest income and
expense, other income and
expense, and provision or benefit
from income taxes, as these items are not components
of our core business operations.
As an added benefit, regulated utilities are exempt
from a provision in the tax law that places a cap on the tax deductibility
of interest expense.
To the fullest extent permitted by applicable law, you agree to indemnify, defend and hold harmless Daily Harvest, and our respective past, present and future employees, officers, directors, contractors, consultants, equityholders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (individually and collectively, the «Daily Harvest Parties»),
from and against all actual or alleged Daily Harvest Party or third party claims, damages, awards, judgments, losses, liabilities, obligations, penalties,
interest, fees,
expenses (including, without limitation, attorneys» fees and
expenses) and costs (including, without limitation, court costs, costs
of settlement and costs
of pursuing indemnification and insurance),
of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract or otherwise (collectively, «Claims»), including, but not limited to, damages to property or personal injury, that are caused by, arise out
of or are related to (a) your use or misuse
of the Sites, Content or Products, (b) any User Content you create, post, share or store on or through the Sites or our pages or feeds on third party social media platforms, (c) any Feedback you provide, (d) your violation
of these Terms, (e) your violation
of the rights
of another, and (f) any third party's use or misuse
of the Sites or Products provided to you.
Comments: The cut in the corporate tax rate may alleviate some
of the added
expense from the limitation
of interest rate deductibility.
Interest coverage is the equivalent of a person taking the combined interest expense from his or her mortgage, credit card debt, automobile loans, student loans, and other obligations, then calculating the number of times it can be paid with their annual pre-tax
Interest coverage is the equivalent
of a person taking the combined
interest expense from his or her mortgage, credit card debt, automobile loans, student loans, and other obligations, then calculating the number of times it can be paid with their annual pre-tax
interest expense from his or her mortgage, credit card debt, automobile loans, student loans, and other obligations, then calculating the number
of times it can be paid with their annual pre-tax income.
The short
of it is that the dividends and
interest generated
from my portfolio
of investments would exceed the amount
of expenses I incur to maintain our lifestyle.
Even with such differences in approach, these lenders ended up quoting fairly similar
expenses for the common 30 - year fixed rate mortgage, indicating that you should ask for a formal estimate if you're truly
interested in comparing the actual costs
of borrowing
from one lender or another.
(3) Represents the incremental change in
interest expense resulting
from the fair value adjustment
of Kraft's long - term debt in connection with the 2015 Merger, including the elimination
of the historical amortization
of deferred financing fees and amortization
of original issuance discount.
• 1/2
of self - employment tax (self - employed individuals are required to pay «payroll» taxes that an employer would otherwise take; these extra taxes can be deducted
from AGI, but are included in MAGI) • Student loan
interest • Tuition and fees deduction • Qualified tuition
expenses • Passive income or loss • Rental losses • IRA contributions and taxable Social Security payments • Exclusion for income
from U.S. savings bonds • Exclusion for adoption
expenses (under 137)
Adjusted EBITDA (earnings before
interest expense (excluding consumer financing
interest expense), income taxes, depreciation and amortization, as adjusted for organizational and separation related costs in connection with the company's spin - off
from Marriott International, Inc. (the «Spin - Off») and other activity) totaled $ 50 million, a $ 17 million increase
from the third quarter
of 2012.
An individual tax filer has the choice
of claiming the standard deduction or itemizing deductible
expenses from a list that includes state and local taxes paid, mortgage
interest, and charitable contributions.
This was largely driven by an increase in workers» compensation
expense of $ 1.4 billion, resulting
from changes in
interest rates.
Far more common, and often much more important for most types
of businesses,
interest expense on the income statement represents the cost
of borrowing money
from banks, bond investors, and other sources to meet short - term working capital needs, add property, plant, and equipment to the balance sheet, acquire competitors, or increase inventory.
Adjusted EBITDA is defined as net income / (loss)
from continuing operations before
interest expense, other
expense / (income), net, provision for / (benefit
from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts
of depreciation and amortization (excluding integration and restructuring
expenses)(including amortization
of postretirement benefit plans prior service credits), integration and restructuring
expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale
of a business, nonmonetary currency devaluation (e.g., remeasurement gains and losses), and equity award compensation
expense (excluding integration and restructuring
expenses).
The primary drivers
of the increase in accrued
expenses were $ 9.4 million due to our change
from a quarterly management bonus plan to an annual bonus plan and $ 8.2 million due to the timing
of interest payments as well as increases in a variety
of other accrued
expenses associated with the overall growth in our business.
The Company may enter into fair value hedges, such as
interest rate swaps, to reduce the exposure
of its debt portfolio to changes in fair value resulting
from changes in
interest rates by achieving a primarily U.S. dollar LIBOR - based floating
interest expense.
In other words, if a company paid $ 20 in
interest on its debts and earned $ 5 in interest from its savings account, the income statement would only show «Interest Expense - Net»
interest on its debts and earned $ 5 in
interest from its savings account, the income statement would only show «Interest Expense - Net»
interest from its savings account, the income statement would only show «
Interest Expense - Net»
Interest Expense - Net»
of $ 15.
A report that the rule applies to health savings accounts that are used to save for health care
expenses in retirement generated a great deal
of interest from InsuranceNewsNet readers.
The portion
of the parent company's income attributed to the minority
interests is subtracted
from reported profits, i.e. the minority
interest expense.
Adjusted EBITDA (earnings before non-consumer financing
interest expense, income taxes, depreciation and amortization), as adjusted for organizational and separation related costs in connection with the company's spin - off
from Marriott International, Inc. (the «Spin - Off») and other activity, totaled $ 39 million, a $ 10 million increase
from the first quarter
of 2012, on an adjusted basis.
It appears that the PCs are both understating the condition
of disrepair
of hospitals and in some cases, using their power to move projects up the priority list in order to benefit the political
interests of PC caucus members at the
expense of the health
of those living in more needy communities» said Notley In a written response to a request
from NDP Leader Rachel Notley, the Auditor General has committed to an audit
of the government's capital planning process.
It is notable that the 3 - month Treasury bill yield dropped to 0.11 %
from 0.15 %, which is actually a good sign in the sense that it will facilitate the willingness to hold the additional base money the Federal Reserve has created in recent weeks without immediate inflation pressures, though it clearly comes at the
expense of individuals on fixed incomes who rely on
interest on certificates
of deposit and the like.
Financing revenues, net
of expenses and consumer financing
interest expense, were $ 23 million, a $ 3 million decrease
from the fourth quarter
of 2013.
Prepaid
expenses include mortgage
interest, HOA dues, mortgage insurance, hazard insurance and taxes accrued
from the date
of closing through the end
of the month.
I'm certain that mother and son both have redeeming qualities and that there are mitigating circumstances, but the vulnerable must be protected
from the predatory behavior
of those who pursue their disordered self -
interests and desires at their
expense.
This means that instead
of creating money to pay its
expenses, the government must borrow money, much
of it
from the banks, and pay
interest on most
of it.
You shall further fully indemnify and keep Car Throttle fully indemnified against any costs, claim, demand, action, damages, loss and / or
expense (including but not limited to any direct, indirect or consequential losses, loss
of profit, loss
of reputation and all
interest penalties, legal costs and any other reasonable costs and
expenses suffered or incurred by Car Throttle) arising directly or indirectly
from any breach or non-performance by you
of this Agreement and you shall pay all such costs, claim, demand, action, damages, loss and / or
expense forthwith on demand by Car Throttle.
The politically driven insistence on obstructing trade comes
from the concentrated
interests of businesses looking for protection
from competition at the
expense of domestic consumers.
Silver, he charged, was engaging in «a bit
of trickery» and «hogwash» by maintaining his main
interest was to protect the Assembly
from large
expenses if a harassment suit went forward.
Mnuchin's use
of the plane at taxpayers»
expense prompted an outcry
from Democratic lawmakers and
interest groups and spurred a government watchdog to begin examining whether it violated travel or ethics policies.
«Supervisor Santino's shameless personnel moves reveal a disturbing attitude that government exists to serve the
interests of a political machine at taxpayers»
expense,» according to a statement
from Reclaim New York Initiative, the nonprofit lobbying arm
of Reclaim New York.
The American Association for the Advancement
of Science (AAAS) seeks competitive proposals
from U.S. universities
interested in holding a science communication and engagement event on their campus, with hosting
expenses for the event to be covered by AAAS.
The current habit
of preferring local candidates is not just a matter
of mentality or uncompetitive salary, but is due also to the impracticality
of travelling at one's own
expense from, say, California to write two tests for a lecturer position before any preselection
of the applications is done by the panel on the basis
of the candidate's publications, experience, and
interests.
Drawing on evidence
from diplomatic correspondence published in 2010, Dr Sealey - Huggins argues that the failure
of the international community to adopt this target shows how the
interests and preferred approach
of powerful industrialised nations «are prioritised in the climate regime at the
expense of Caribbean societies.»
The few who stand to benefit
from such policies can nonetheless lose out to other strong
interests, as happened when a proposal to increase high - skill visas — at the
expense of visas devoted to increasing cultural diversity — failed in Congress late in 2012.
23.1 You agree to, and you hereby, defend, indemnify, and hold the Related Parties harmless
from and against any and all claims, damages, losses, costs, investigations, liabilities, judgments, fines, penalties, settlements,
interest, and
expenses (including attorneys» fees) that directly or indirectly arise
from or are related to any claim, suit, action, demand, or proceeding made or brought against any Related Party, or on account
of the investigation, defense, or settlement thereof, arising out
of or in connection with, whether occurring heretofore or hereafter:
But whether it was the
expense associated with another period - set series, or possibly the similarities to FX «s critically acclaimed but often somewhat overlooked «The Americans,» HBO got cold feet on the pilot and announced they would not be pursuing it back in September 2013, and there's been no word
of interest from other networks.