Under the arrangement, tenants are responsible for the property's
operating and capital expenses such as taxes, insurance and maintenance.
The Town of Oyster Bay agreed to cooperate with investigators looking into past concessions agreements as a condition for borrowing nearly $ 50 million for
operating and capital expenses this week.
Total federal government expenses consist of four major components: major transfers to persons (old age security, employment insurance benefits and children's benefits); major transfers to other levels of government (Canada Health Transfer, Canada Social Transfer, Fiscal arrangements, Alternative payments for standing programs, and Gas Tax Fund), direct program expenses (other transfers, Crown corporation expenses, and departmental and agency
operating and capital expenses) and public debt charges.
Direct program expenses (other transfers, expenses related to Crown corporations, defence and
operating and capital expenses for other departments and agencies) were up $ 7.1 billion (10.1 %).
Direct program expenses, which include other transfers payments, expenses of Crown corporations, and departmental
operating and capital expenses, were down $ 1.4 billion.
• Identified and successfully reduced thousands of dollars in
operating and capital expense through effective and efficient oversight of inventory, workforce scheduling and sound business principles.
Facilities and Project Management Outsourcing: Overall facilities
operating and capital expense reductions of 12 - 18 %
Not exact matches
We expect to make significant
operating expense and capital expenditure investments to accelerate this effort.»
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.
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.
Actual results
and the timing of events could differ materially from those anticipated in the forward - looking statements due to these risks
and uncertainties as well as other factors, which include, without limitation: the uncertain timing of,
and risks relating to, the executive search process; risks related to the potential failure of eptinezumab to demonstrate safety
and efficacy in clinical testing; Alder's ability to conduct clinical trials
and studies of eptinezumab sufficient to achieve a positive completion; the availability of data at the expected times; the clinical, therapeutic
and commercial value of eptinezumab; risks
and uncertainties related to regulatory application, review
and approval processes
and Alder's compliance with applicable legal
and regulatory requirements; risks
and uncertainties relating to the manufacture of eptinezumab; Alder's ability to obtain
and protect intellectual property rights,
and operate without infringing on the intellectual property rights of others; the uncertain timing
and level of
expenses associated with Alder's development
and commercialization activities; the sufficiency of Alder's
capital and other resources; market competition; changes in economic
and business conditions;
and other factors discussed under the caption «Risk Factors» in Alder's Annual Report on Form 10 - K for the fiscal year ended December 31, 2017, which was filed with the Securities
and Exchange Commission (SEC) on February 26, 2018,
and is available on the SEC's website at www.sec.gov.
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.
Again, this is a good spot for a graph presenting
operating income,
operating expenses, investment in
capital expenditures, funding
and closing cash.
Strong sales of the car are key to generating cash to pay
operating expenses, fund
capital spending
and make upcoming debt payments.
These risks include, in no particular order, the following: the trends toward more high - definition, on - demand
and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or
operating expenses may exceed our expectations; the mix of products
and services sold in various geographies
and the effect it has on gross margins; delays or decreases in
capital spending in the cable, satellite, telco, broadcast
and media industries; customer concentration
and consolidation; the impact of general economic conditions on our sales
and operations; our ability to develop new
and enhanced products in a timely manner
and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS ™
and VOS ™ product solutions; dependence on market acceptance of various types of broadband services, on the adoption of new broadband technologies
and on broadband industry trends; inventory management; the lack of timely availability of parts or raw materials necessary to produce our products; the impact of increases in the prices of raw materials
and oil; the effect of competition, on both revenue
and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers
and sole or limited source suppliers;
and the effect on our business of natural disasters.
These risks
and uncertainties include competition
and other economic conditions including fragmentation of the media landscape
and competition from other media alternatives; changes in advertising demand, circulation levels
and audience shares; the Company's ability to develop
and grow its online businesses; the Company's reliance on revenue from printing
and distributing third - party publications; changes in newsprint prices; macroeconomic trends
and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to
operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing
expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract
and retain employees; the Company's ability to satisfy pension
and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts
and labor negotiations; regulatory
and judicial rulings; the Company's indebtedness
and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future
capital and liquidity requirements; the Company's ability to access the credit
and capital markets at the times
and in the amounts needed
and on acceptable terms;
and other events beyond the Company's control that may result in unexpected adverse
operating results.
Other Facebook financial results include $ 2.72 billion in GAAP costs
and expenses, $ 1.13 billion in GAAP income, a 29 % GAAP
operating margin,
and $ 517 million in
capital expenditures.
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.
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a consolidated
and segment basis; projected total revenue growth
and global medical customer growth, each over year end 2017; projected growth beyond 2018; projected medical care
and operating expense ratios
and medical cost trends; our projected consolidated adjusted tax rate; future financial or
operating performance, including our ability to deliver personalized
and innovative solutions for our customers
and clients; future growth, business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect to the pace
and extent of change in these areas; financing or
capital deployment plans
and amounts available for future deployment; our prospects for growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts»)
and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or performance.
Capital from the closing will be used by Renewable Properties to fund corporate
and operating expenses, as well as, project specific
expenses including project acquisitions
and development related activities including securing land, interconnection applications
and studies, permitting, environmental studies
and reviews.
The Budget breaks out direct program
expenses into «
Operating expenses subject to freeze»; «Other operating expenses» «transfers payments» and «capital amortizatio
Operating expenses subject to freeze»; «Other
operating expenses» «transfers payments» and «capital amortizatio
operating expenses» «transfers payments»
and «
capital amortization».
Important factors that may affect the Company's business
and operations
and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend
and expand its reputation
and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify
and interpret changes in consumer preferences
and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy
and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers
and suppliers; execution of the Company's international expansion strategy; changes in laws
and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential
and completed acquisitions, alliances, divestitures or joint ventures; economic
and political conditions in the nations in which the Company
operates; the volatility of
capital markets; increased pension, labor
and people - related
expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks
and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators
operate; the Company's indebtedness
and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions;
and other factors.
Examples of forward - looking statements include, but are not limited to, statements we make regarding the Company's plans, assumptions, expectations, beliefs
and objectives with respect to store openings
and closings; product introductions; sales; sales growth; sales trends; store traffic; retail prices; gross margin;
operating margin;
expenses; interest
and other
expenses, net; effective income tax rate; net earnings
and net earnings per share; share count; inventories;
capital expenditures; cash flow; liquidity; currency translation; growth opportunities; litigation outcomes
and recovery related thereto; the collectability of amounts due under financing arrangements with diamond mining
and exploration companies;
and certain ongoing or planned product, marketing, retail, manufacturing, information systems development, upgrades
and replacement,
and other operational
and strategic initiatives.
Important factors that may affect the Company's business
and operations
and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to,
operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend
and expand its reputation
and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify
and interpret changes in consumer preferences
and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy
and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers
and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential
and completed acquisitions, alliances, divestitures or joint ventures; economic
and political conditions in the United States
and in various other nations in which we
operate; the volatility of
capital markets; increased pension, labor
and people - related
expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology
and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators
operate; the Company's indebtedness
and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws
and regulations; restatements of the Company's consolidated financial statements;
and other factors.
Important factors that may affect the Company's business
and operations
and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend
and expand its reputation
and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify
and interpret changes in consumer preferences
and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy
and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers
and suppliers; execution of the Company's international expansion strategy; changes in laws
and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business
and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential
and completed acquisitions, alliances, divestitures or joint ventures; economic
and political conditions in the nations in which the Company
operates; the volatility of
capital markets; increased pension, labor
and people - related
expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology
and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators
operate; the Company's indebtedness
and ability to pay such indebtedness; tax law changes or interpretations;
and other factors.
In addition, Athene executives appear skilled at growing the company from within
and hunting down new sources of
capital from institutional investors to pay for
operating expenses, A.M. Best analysts also said.
These facilities can assist with
operating expenses,
capital equipment purchases, acquisition / expansion activities,
and more.
Growth depends on a company's ability to generate a steady flow of working
capital to meet current overhead
and operating expenses, while providing the money needed to take advantage of new expansion opportunities.
«Our unique business model affords us lower
operating and tax
expenses and allows us to raise
capital to support the business without loans,» PUC explains.
The town plans to borrow $ 15 million in revenue anticipation notes for
operating expenses and $ 34.5 million in bond anticipation notes for
capital projects.
A portion of the spending increase consists of $ 75,000 in deer eradication
expenses,
capital improvements
and other
operating costs.
And he adds that
capital money is completely separate from
operating expenses.
On March 12, the New York State Assembly amended the state budget bill addressing
capital projects (A9504b) «for services
and expenses related to the design
and construction on Sheridan Avenue in Albany of a cogeneration plant
and microgrid, to
operate on renewable energy, natural gas
and / or fuel oil.»
It appears that a least two (Hoehmann
and Borelli)
and sometimes a third Town Board member (Hausner) understand that the taxpayers have been milked enough to the extent that all of them will be out of office when they come up for re-election if
capital and operating expenses are not cut in the coming years to pay for the Town's debit
and its continuing structural deficit.
Mr. Cuomo has had to rely on such subsidies, which, for Alcoa, include some $ 38.8 million for
capital improvements
and operating expenses, to influence a private employer threatening to close or relocate.
To address these challenges, we will discover
and develop renewable ILs that are compatible with, or even improve the performance of, downstream enzymes
and organisms, which in turn will enable process consolidation
and intensification to minimize
capital and operating expenses and increase yields.
We achieved moderate annual revenue increases in Jewish Networks
and Other Affinity Networks, improved Contribution margins to 74 %, cut
Operating Expenses by 19 %, drove annual Adjusted EBITDA to record levels at a 28 % margin
and returned
capital to stockholders by using cash flow to repurchase 21 % of the shares outstanding at the start of 2008... we are disappointed with second half trends
and in particular the fourth quarter, as revenue
and subscribers decreased sequentially in each online segment.
Our charter school working
capital financing enables school leaders the flexibility
and stability for everyday
expenses including payroll, hiring, facilities enhancements, technology, books,
and other
operating expenses.
In comparing expenditure data among states, it is useful to separate current expenditures, which represent regular
operating expenses, from
capital outlay, which factors in costs for
capital assets such as facilities
and school buses.
Significant progress was made on building working
capital and operating reserve funds equivalent to six - months of
operating expenses.
As one of the world's most reliable, scalable,
and cost - efficient web infrastructures, AWS has changed the way businesses think about technology infrastructure — there are no up - front
expenses or long - term commitments,
capital expense is turned into variable
operating expense, resources can be added or shed as quickly as needed,
and engineering resources are freed up from the undifferentiated heavy lifting of running onsite infrastructure - all without sacrificing operational performance, reliability, or security.
For example, if a stock is bought for $ 75
and later sold for $ 150, the
capital gains is $ 75 minus any
operating expenses.
Mutual fund distributions are generated from net
capital gains made from the sale of a mutual fund's investments
and dividend income
and interest earned by a mutual fund's holdings minus the fund's
operating expenses.
A new business that has invested $ 500,000 in equipment, tools, repairs or any other
operating expenses and is losing $ 50,000 annually will have negative return on
capital of 10 %.
A
capital gains distribution is a payment to shareholders that is prompted by a fund manager's liquidation of underlying stocks
and securities in a mutual fund, or derived from dividend
and interest earned by the fund's holdings minus the fund's
operating expenses.
Working
capital is the money your company needs to
operate, covering basic
expenses like employee payroll
and inventory.
Small business loan can be used for a variety of business needs, including startup
capital, working
capital, inventory, payroll, technology
and equipment, business expansion, new market penetration, marketing, sales, day - to - day
operating expenses, or any other routine business need.
One thing I do buy, though, is that the distinction between
operating expenses (opex)
and capital expenditures (capex) isn't quite as solid as line as many investors seem to think.
Luther King
Capital Management Corporation, the Fund's investment adviser, has contractually agreed to waive all or a portion of its management fee
and / or reimburse the Fund through May 1, 2019 in order to limit the Fund's total annual fund
operating expenses to 1.00 % per annum.
REIT Risk (Real Estate Fund only): The Fund's investments in REITs may subject the fund to the following additional risks: declines in the value of real estate, changes in interest rates, lack of available mortgage funds or other limits on obtaining
capital, overbuilding, extended vacancies of properties, increases in property taxes
and operating expenses, changes in zoning laws
and regulations, casualty or condemnation losses
and tax consequences of the failure of a REIT to