Pro-Forma I & II: All project financing is at a subsidiary level & on a non-recourse basis — despite the lack of specific management confirmation, we can safely assume
all related interest rate derivative liabilities are therefore eliminated, post-sale.
Not exact matches
Pick your poison: plunging energy costs taking a bite out of stocks in
related industries, an erratic Canadian dollar, Greece,
interest rate uncertainty.
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.
Continuing with the dog food example, we can see that
ratings, comparison, and reviews all were all grouped as closely
related to dog food in general, implying that people that are searching for dog food are very
interested in the comparison and review side of things.
In fact, the bursting of the bubble was
related to the Federal Reserve raising
interest rates six times from 1999 to 2000.
This
rating relates to how convenient the property's location is to local landmarks, attractions, points of
interest, public transportation, nearby shopping, restaurants, bars or whatever the guest is personally
interested in.
Gain
related to
interest rate swaps The company recognized a pre-tax gain of $ 14 million in the three months ended March 31, 2018, within
interest and other expense, net
related to certain forward - starting
interest rate swaps for which the planned timing of the
related forecasted debt was changed.
Taking on wedding -
related debt could damage your credit score — and result in a higher
interest rate on that mortgage, he said.
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.
«We will have moved away from the old style boxes, like growth, value, large cap and so forth, and see these replaced by a series of risk factor -
related products, like
interest -
rate sensitive products,» said Celia Dallas, chief investment strategist at investment consultant Cambridge Associates.
Many of them may
relate to an optimistic scenario — one in which the economic recovery accelerates, causing the Federal Reserve to tighten monetary policy and
interest rates to rise.
For investors, this is a sea change
related to rising
interest rates, and it should serve as a wake - up call to those who still haven't gotten the message.
If not for the uncertainty
related to Greece, the
interest -
rate cuts might have stopped the carnage.
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.
The company reports success in boosting employee morale and decreasing turnover
rates through its unique program, which pays 95 % of tuition fees for employees to take courses of
interest — even if the course is not
related to a career at the company.
Problems will come if bubbles appear in both realms (likely), but these bubbles are probably much more
related to corruption in china and low
interest rates in tech.
China fears, along with expectations
related to the Fed's
interest rate plans, will continue to dominate near - term market moves.
Respondents also voice concerns about potential issues ahead that could impact real estate investing strategy
related to political uncertainty, tax reform and rising
interest rates.
Factors that could cause or contribute to actual results differing from our forward - looking statements include risks
relating to: failure of DBRS to
rate the Notes at the anticipated
ratings levels, which is a closing condition, or at all; changes in the financial markets, including changes in credit markets,
interest rates, securitization markets generally and our proposed securitization in particular; the willingness of investors to buy the Notes; adverse developments regarding OnDeck, its business or the online or broader marketplace lending industry generally, any of which could impact what credit
ratings, if any, are issued with respect to the Notes; the extended settlement cycle for the scheduled closing on April 17, 2018, which may exacerbate the foregoing risks; and other risks, including those described in our Annual Report on Form 10 - K for the year ended December 31, 2017 and in other documents that we file with the Securities and Exchange Commission from time to time which are or will be available on the Commission's website at www.sec.gov.
I haven't been following too closely so maybe it's «
interest rate»
related or... -RCB---
Another factor potentially muting the response of consumption to
interest rate changes
relates to banks» processes for adjusting scheduled mortgage repayments following changes in lending
rates.
Most courts considering laws that state governmental agencies have claimed are necessary for fiscal responsibility, which Chelan County claims is the purpose of this
rate increase, have concluded that the laws are rationally
related to a legitimate government
interest.
The
rates that have responded most significantly to lower borrowing costs are short - term loans for financial speculation, above all for derivatives and
related buying or selling of stocks and bonds on margin — enormous gambles on which way the dollar, the stock market and
interest rates may go.
Some of that drop was weather -
related, as construction activity halted, but it also represented a slowing of housing gains as mortgage
interest rates rose and the sector's postrecession rebound cooled.
Toward creditor nations, however, America
relates as the world's most Highly Indebted Military Power by refusing to raise its own
interest rates or taxes, or to permit key U.S. industries to be sold off.
Commodity prices may be affected by a variety of factors at any time, including but not limited to, (i) changes in supply and demand relationships, (ii) governmental programs and policies, (iii) national and international political and economic events, war and terrorist events, (iv) changes in
interest and exchange
rates, (v) trading activities in commodities and
related contracts, (vi) pestilence, technological change and weather, and (vii) the price volatility of a commodity.
Borrowings under our credit facility bear
interest at a per annum
rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 %) or (b) for ABR loans, the highest of (i) the federal funds effective
rate plus 0.5 %, (ii) the prime
rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors
relating to this offering.
The biggest change in CBO's economic projections is
related to
interest rates.
Bond prices and
interest rates are inversely
related.
Consider these risks before investing: The value of securities in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions, changes in government intervention in the financial markets, and factors
related to a specific issuer, industry, or sector and, in the case of bonds, perceptions about the risk of default and expectations about changes in monetary policy or
interest rates.
As a quick refresher, bond prices and
interest rates are inversely
related.
Rapidly increasing
interest rates causing contract holders to surrender life insurance and annuity policies, thereby causing realized investment losses, and reduced hedge performance
related to variable annuities;
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.
Income earned on bonds is so low that it's difficult to offset the price declines when
rates rise (remember
interest rates and bond prices are inversely
related, so as one rises the other falls).
Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks
related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and
interest rates, and the general economic outlook.
But while investors might like to believe otherwise, stock market returns over short horizons are actually very weakly
related to earnings growth,
interest rates, and even economic conditions.
Borrowings under our credit facility bear
interest at a per annum
rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal funds effective
rate plus 0.5 %, (ii) the prime
rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors
relating to this offering.
Under the first of those agreements, we generally will be required to pay to the Continuing LLC Owners approximately 85 % of the applicable savings, if any, in income tax that we are deemed to realize (using the actual applicable U.S. federal income tax
rate and an assumed combined state and local income tax
rate) as a result of (1) certain tax attributes that are created as a result of the exchanges of their LLC Units for shares of our Class A common stock, (2) any existing tax attributes associated with their LLC Units the benefit of which is allocable to us as a result of the exchanges of their LLC Units for shares of our Class A common stock (including the portion of Desert Newco's existing tax basis in its assets that is allocable to the LLC Units that are exchanged), (3) tax benefits
related to imputed
interest and (4) payments under such TRA.
Because the risk - free
interest rate is closely
related to the real neutral
rate, and because the real neutral
rate has been declining, it follows that hurdle
rates should also be lower, all else being equal.
There are also financing laws that we are required to comply with, such as laws
related to the amount of loan fees and the
interest rate that we can charge on each loan.
Specifically, they
relate spot West Texas Intermediate (WTI) crude oil price to: the U.S. dollar exchange
rate versus a basket of developed market currencies; Dow Jones Industrial Average (DJIA) return; U.S. short - term
interest rate; the S&P 500 options - implied volatility index (VIX); and, open
interest in the NYMEX crude oil futures (as an indication of financialization of the oil market).
In fact, we think there are four major factors that will influence
interest rates around the world: changing demographic trends, innovations in technology and energy, financial conditions as
related to leverage, liquidity and cash flow, and monetary policy.
The rise in short - term market
interest rates ahead of the move in monetary policy had very limited effect on the
interest rates that intermediaries charge for variable -
rate loans, notwithstanding the fact that the marginal cost of banks» funding of such loans is
related to bill yields.
Five of the new funds listed on the Nasdaq and are clearly aimed at quelling investors» fears of a rising
interest rate related to the Federal Reserve's announced $ 10 billion tapering of its economic stimulus.
These positive earnings drivers were more than offset by the combined impact of several factors, including increased energy -
related provisions for credit losses, a 17 basis point decline in net
interest margin, moderate growth of non-
interest expenses, the addition of acquisition -
related contingent consideration fair value changes reflecting performance within CWB Maxium Financial (CWB Maxium), higher preferred share dividends, and the 20 % increase to CWB's income tax
rate in Alberta.
In addition to expectations about monetary policy, liquidity concerns of banks
related to Y2K may have influenced the pattern of short - term
interest rates in recent months.
COMEX synthetic gold and
related over-the-counter derivatives are traded in macro strategies implemented by hedge funds, HFT's, and commodity funds in pair trades with
interest rate, currencies, equity futures, or even more exotic offsets.
Related to the mechanics is how shrinking the balance sheet will affect the path of
interest rates.
The strong outperformance of credit -
related securities and progressive trend in
interest rates has emboldened many investors to bulk up on high yield funds over the course of this bull market.
The growth in operating expenses is composed of growth in departmental expenses, which is partially offset by falling expenses
related to pensions and employee future benefits, reflecting the projected rise in long - term
interest rates.»