Even more impressive is that it achieved that
operating cash flow on only $ 9.5 B of equity (up from $ 9.1 B in the prior year), which means it returned around 21 % on average equity.
If D&A is high, a company likely has to spend a large portion of
operating cash flow on capex.
No one knows WHEN the issues will be resolved (could take years, yes) but company is generating north of $ 70M
operating cash flow on a $ 400M market cap and got a guy who owns 3.6 M shares at the helm.
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.
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.
We calculate free
cash flow as the sum of net
cash provided by
operating activities and net
cash provided by the sale of revenue earning equipment and
operating property and equipment, collections
on direct finance leases and other
cash inflows from investing activities, less purchases of property and revenue earning equipment.
Houston didn't mention how the recent changes would help Dropbox get to profitability faster, but he did disclose for the first time that the company's now
cash flow positive, meaning the core
operating business is able to generate
cash on its own without relying
on external investments.
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.
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.
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.
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.
The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit,
operating income,
operating margin, profit margin, gross margins, return
on equity or stockholder equity, total shareholder return, market capitalization, enterprise value,
cash flow (including but not limited to
operating cash flow and free
cash flow),
cash position, return
on assets or net assets, return
on capital, return
on invested
The payout of PSUs is based
on IBM's three - year cumulative performance against
operating EPS and free
cash flow targets.
However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return
on equity and weak
operating cash flow.»
Cash Flow Return on Invested Capital (CFROIC) is defined as consolidated cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilit
Cash Flow Return
on Invested Capital (CFROIC) is defined as consolidated
cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilit
cash flow from
operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilities.
Bonus amounts under our bonus plan are tied to overall corporate and individual performance, and the bonus pool for executive officers is based
on our performance during the fiscal year compared to pre-established target levels for three equally - weighted measures: revenue,
operating cash flow and non-GAAP income from operations.
He learned about credit and
cash flow management since he
operated on a 50 % upfront deposit and had to put up 80 - 90 % of the total cost, so they were a creditor of the job for 30 - 40 % for usually 3 - 6 month (or more) until the final payment was due.
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.
Operating cash flow during his tenure was $ 62 billion, a third more than he spent
on buybacks.
In the second quarter of fiscal 2017, the company performed an interim impairment assessment
on the intangible assets of the Bolthouse Farms carrot and carrot ingredients reporting unit and the Garden Fresh Gourmet reporting unit as
operating performance was well below expectations and a new leadership team of the Campbell Fresh division initiated a strategic review which led to a revised outlook for future sales, earnings, and
cash flow.
The focus remains squarely
on operating earnings, and when
cash flow is discussed, it is painfully clear that these people have no idea what they're talking about.
Meanwhile, debt service shows up in the financing activities, so the more debt you take
on, the more you can mislead shareholders by reporting huge
operating cash flow (EBITDA) that is actually the property of bondholders.
This is one of the reasons I am so concerned about the widespread focus
on operating earnings, which often have nearly nothing to do with the actual stream of
cash flows that is claimed by stockholders.
The Company is not currently a party to any material legal proceedings, nor is the Company aware of any pending or threatened litigation that would have a material adverse effect
on the Company's business,
operating results,
cash flows, or financial condition should such litigation be resolved unfavorably.
Apart from base salaries, executives at Interactive Intelligence receive
cash bonuses, paid quarterly, for achieving «gross profits
on orders» and
operating cash flow targets.
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.
The company's strong
operating leverage produced robust free
cash flow and a material improvement in return
on invested capital.
You need to follow the same process as in other countries: * Legal: Find out about regulatory position
on bitcoin ATMs in your country, and how you want to fit into that legal framework, getting all permissions if needed * Funding: you need to plan a fully closed cycle of your funds
flow, it is mostly about planning how you are going to convert
cash from bitcoin ATM back into bitcoins liquidity in order to provide services for further customers * Rest: this should be relatively easy — find a place where to put machine, purchase ATM, get it delivered, installed and set up and start
operating.
After analysing the bond documents, Fitch Ratings (which gave the company a BB - minus) noted, «As a company in sustained growth mode, WeWork is not profitable
on a combined basis, as significant growth
operating expenses more than offset existing property
cash flows» (Bloomberg).
After analysing the bond documents, Fitch Ratings (which gave the company a BB - minus) noted, «As a company in sustained growth mode, WeWork is not profitable
on a combined basis, as significant growth
operating expenses more than offset existing property
cash flows» -LRB-
Furthermore, Jackson stated that
ON's strong margin expansion and free
cash flow of $ 264.2 million during the quarter «clearly demonstrate the strength of our
operating model.»
«We downgraded the university to Aa3 negative in July reflecting its financial reliance
on the state and anticipated pressure
on its already thin
operating cash flow from potential additional state funding cuts.
Most people just look at a company's margins and judge the quality of the business model based
on that, but the
cash flow characteristics of the business can make one company a far more valuable company than another with the exact same
operating margin.
Hedge fund activists tend to target companies that are typically «value» firms, with low market value relative to book value, although they are profitable with sound
operating cash flows and return
on assets.
To value commercial investment properties it requires more detailed understandings of things like
cash flow,
cash on cash return, net
operating income and return
on equity.
It is a fairly basic worksheet for doing a rental property valuation, including calculation of net
operating income, capitalization rate,
cash flow, and
cash on cash return.
Rapidly decreasing oil prices have had a negative impact
on the forecast
operating cash flows of energy companies.
But to answer your question — very generally speaking — my ideal investment is a great
operating business that produces consistent free
cash flow and high returns
on capital that for some reason trades at 10x earnings or so.
His variables capture profitability (positive earnings, positive
cash flows from operations, increasing return
on assets and negative accruals),
operating efficiency (increasing gross margins and asset turnover) and liquidity (decreasing debt, increasing current ratio, and no equity issuance).
GE's continued dividend growth is now based solely
on its industrial divisions growing, improving
operating margins, and increasing free
cash flow.
The basic variables revolve around whether principal emphasis in an analysis should be
on operating earnings and
cash flows and / or whether principal emphasis should be
on looking at the company as an investment vehicle where greatest weight is given to NAV.
Concentrating
on long - term growth in NAV ought to give OPMIs far greater downside protection than would the conventional approach where the emphasis is
on predicting periodic future
operating cash flows or earnings (with earnings defined as creating wealth while consuming
cash).
The
cash -
on -
cash return looks at annual
operating cash flows net of mortgage costs and compares them to your
cash investment (your down payment).
The Fund Manager will evaluate the business environment that a company
operates in, the capability of the management to execute and scale up the business and valuation of the company based
on fundamentals like discounted
cash flows and PE ratios, etc..
He learned about credit and
cash flow management since he
operated on a 50 % upfront deposit and had to put up 80 - 90 % of the total cost, so they were a creditor of the job for 30 - 40 % for usually 3 - 6 month (or more) until the final payment was due.
For mature, going concerns, the after - tax
operating income and free
cash flow to the firm will be positive (at least
on average) and that
cash flow is used to service debt payments as well as to provide
cash flows to equity in the form of dividends and stock buybacks.
This assures a lender that the borrower is generating sufficient
cash flow to
operate independent of the LOC, and not relying
on the financing as a substitute for
cash flow or owner's capital.
At that time I had, over the prior 6 months, accumulated a small position based
on a simple thesis: the company had over $ 1.90 in
cash on its balance sheet, was
operating on a
cash flow positive basis, had no debt and I could buy shares at about $ 1.58 or 83 % of
cash.
They looked at two portfolios of value stocks trading
on comparable multiples of price - to - earnings,
cash flow,
operating earnings, book value and sales, but with different historical rates of sales growth; one with a high rate of growth, the other low.