> Willem: Openwave turnaround a work in progress Nov 20, 2009
Cash flow, excluding certain one-time charges, is positive; fiscal year 2009 s operation expenses were down 20 percent over the previous year; and the company s stock price has increased 92 percent since her July 2008 start. Willem secured a $40 million line of credit, allowing Openwave to free up $17 million in cash. (San Jose Business Journal, CA)
PDVSA Profit Falls 67% on Price Drop, Production Cuts to Meet OPEC Target Nov 20, 2009
The companys debt to suppliers, declining output in conventional fields and a drop in active oil rigs highlight diminishing profits and a growing cash flow problem for the company, according to Esteruelas. Venezuelan President , who replaced PDVSAs board of directors and fired more than 18,000 workers after an oil strike in 2003, expropriated more than 70 oil service companies this year including assets of Houston-based and Tulsa, Oklahoma-based. (Bloomberg -- Latin America)
NuLoch Resources Releases Q3 2009 Financial Results Nov 20, 2009
(see Advisories) (2) Cash flow from operations before changes in non-cash operating working capital ... Funds flow from operations, calculated as cash flow from operating activities before changes in non-cash working capital, is used by the Company as a key measure of performance. (CCNMatthews Press Releases)
Cash for Clunkers: 100% Gainers to Sell Now Nov 20, 2009
Sirius XM Radio is another triple-digit gainer on the year, despite its 0-for-10 free cash flow record every fiscal year over the past decade ... Art and scienceNo matter what data swirls around it, though, free cash flow (FCF) is my mainstay metric ... The science of analyzing FCF involves assessing the present value of a company's future cash flows. (MSNBC -- Business)
Investor Report: HUD's Condo Rules Nov 20, 2009
"In these market conditions," Sutcliffe told Realty Times, developers "routinely rent unsold inventory to generate cash flow so they can keep paying their construction loans,". If HUD prevents them from selling units to buyers using FHA financing, builders may simply "hand the keys back to banks and walk away," he warned. (RealtyTimes)
More of this story... Nov 20, 2009
8 billion in financing for infrastructure projects throughout the state to ease cash flow. Exeter Union High School District was one of nearly 2,000 projects affected by the decision. (The Exeter Sun, CA)
HTC in good fiscal shape Nov 20, 2009
He said one of them was possibly the district s cash flow, since the state has not made its STAR payments yet, and indicated Albany may be talking about cutting back again on them. He also suggested that the late payments are actually a violation of law, and questioned why the state cannot follow its own rules. (Catskill Daily Mail, NY)
PARKS LOOKS TO RAISE REVENUES Nov 20, 2009
Talk of increasing cash flow comes after a year where the department took hits in building rentals, RV park rentals and golf course fees due to the summer s wet weather. Commission chair Chris Castoro said the department will make its budget for 2009, according to projections. (Pine Bluff Commercial, AR)
Facebook Common Stock Value Jumps 42% to $9.5 Billion on Private Market Nov 20, 2009
Nov. 19 (Bloomberg) -- The price of Facebook Inc. stock on exchanges for private companies has jumped as much as 42 percent in the past four months as membership of the site topped 300 million users and the company turned cash flow positive ... The company said in September that it has more than 300 million users and that it is generating positive cash flow. (Bloomberg)
Abraxas sets $30M capital budget Nov 20, 2009
The company expects to fund its 2010 capital program out of cash flow from operations. Abraxas is projecting production in 2010 to be in the range of 1. (San Antonio Business Journal, TX)
Commercial Connection: SW Fla. market will be slow to turn Nov 20, 2009
The wealthy have the resources to hold on longer than others, but even they can only go so long with negative cash flow from their businesses and negative cash flow from their commercial real estate holdings. (2 of 2). (The News-Press -- Business)
A Lifeline of Credit for the Recovery Nov 20, 2009
In the second quarter, corporate cash flow exceeded all current spending on equipment and construction by $156 billion. That windfall, unprecedented coming out of a recession, most likely ballooned further in the third quarter, as profits surged and capital spending shrank. (BusinessWeek)
Maxis offers long-term gain Nov 20, 2009
Dividends are ultimately paid from free cash flow, which is essentially a companys cash profits or EBITDA (earnings before interest, tax, depreciation and amortisation) minus capital expenditure ... Chief financial officer Rossana Rashidi said based on its planning, Maxis expected free cash flows to be very high in 2011 and 2012. (The Star Online, Malaysia -- Business)
SCC leaders addressing budget crisis Nov 20, 2009
George Wilgers wrote on Nov 16, 2009 11:14 AM:" Ok, where to begin with suggestions.How about reducing the lighting in non-work areas to 50% of what is there. Given the windows in the building, why are the parts of the hallway next to them constantly lighted during the day? Seems to be a waste.What about adjusting the thermostate lower in the winter and higher in the summer?Replace the incandesent floodlights (like in Permitting area) with LED equivalents (you can get them at Sam's Club or... (Nogales International, AZ)
Purring pussycat Nov 20, 2009
"The existing company cannot just be restructured, the debt load has got too severe and the cash flow has fallen off too severely," he says. Creditors have recently extended the company's debt payments until the end of January 2010, but the 85-year-old lion is getting a little long in the tooth. (BBC News -- Business)
Business Journal announces CFO of the Year recipients Nov 20, 2009
It s about cash flow management as opposed to managing expectations of shareholders vis-;-vis a stock price. The preparation of taking a company public, for one, is very demanding and extremely stressful. (San Jose Business Journal, CA)
Appulse Corporation: Reporting Results for the Nine Months Ended September 30, 2009 Nov 20, 2009
The negative operating cash flow for the nine-month period of $ 378,000 compares to a positive operating cash flow of $ 344,000 for the same period of 2008. Revenue from the sale of centrifuge parts to September 30, 2009 increased by 8% over the same nine-month period of the previous year while service revenues increased by 19. (CCNMatthews Press Releases)
Packer says to One.Tel: bring it on Nov 20, 2009
Justice Austin said on Wednesday an injection of $132 million ''accompanied by continuing support by the major shareholders would probably have been enough to address the company's cash requirement until November 2001, by which time the company's businesses would have been generating more healthy group cash flow. The withdrawal of that support, and the abandonment of the rights issue, may well have ensured the company could not survive,'' he said. (Sydney Morning Herald -- Business)
Gemini Corporation Reports 2009 Third Quarter Results Nov 20, 2009
021 Operating cash flow (i) $ 350 $ 924 $ 1,475 $ 1,678 (excludes working capital changes) Operating cash flow per share $ 0 ... 048 Balance Sheet Highlights ($'000) Sept 30, December 31, 2009 2008 Working capital $ 12,074 $ 12,403 Total assets 33,028 28,554 Shareholders' equity 15,628 16,180 (i) Operating cash flow and operating cash flow per share are non-GAAP financial measures which do not have a standard meaning and therefore may not be comparable to similar measures presented by other... (CCNMatthews Press Releases)
Casual Male cuts losses in 3d quarter Nov 20, 2009
Casual Male said free cash flow for fiscal 2009 will range between $15 million and $20 million, compared with a prior range of $20 million to $25 million. Stifel Nicolaus analyst Richard Jaffe said earnings missed his expectations due to a larger-than-anticipated drop in sales at stores open at least a year. (Boston Globe)
Leader Energy Services Announces Third Quarter Results Nov 20, 2009
Readers are cautioned that E(L)BITDAS is generally regarded as an indirect measure of operating cash flow, and, as such, the Company believes it is a significant indicator of success of public companies, and is particularly relevant to readers within the investment community ... With lower than forecast activity levels, cash flow from continuing operating activities before changes in non-working capital balances was negative $1 ... This was a slight increase from the prior year's third quarter... (CCNMatthews Press Releases)
GRF Board remains firm on decision to close pools for winter Nov 19, 2009
Trust Fund cash flow analysis. CFO Rick Chakoff presented his most current analysis of the Trust Fund cash flow, a version of which was recently presented to and discussed by the Finance Committee ... This, of course, demonstrates only how the cash flow process would work and does not incorporate new expenditures approved by current or future boards. (Walnut Creek Rossmoor News, CA)
Westamerica pays back TARP money Nov 19, 2009
Westamerica is proud to have fully retired the preferred stock using our operating cash flow. Our strong earnings have supported this redemption nine months after the stock was issued, said David Payne, chairman of Westamerica. (Sacramento Business Journal, CA)
Watchdog loses on One.Tel Nov 19, 2009
A fund raising of $132 million accompanied by continuing support by the major shareholders would probably have been enough to address the company's cash requirement until November 2001, by which time, according to the business plans, the company's businesses would have been generating more healthy group cash flow,'' he said. If the judge had ruled against them, Mr Rich and Mr Silberman faced being banned from serving as company directors and being billed for about $92 million in compensation... (Sydney Morning Herald -- Business)
Interstate Hotels sale brings $10.6M Nov 19, 2009
"With this sale, the mortgage financing we recently obtained on our newly renovated Westin Atlanta and operating cash flow, we have paid down $35 million of the $40 million required by March 2011 under terms of the new senior credit facility we secured in July," said Interstate Chief Financial Officer Bruce Riggins. Interstate (NYSE: IHR) has been under pressure from a difficult hospitality industry. (Washington Business Journal, DC)
Freenet to Sell Company's Strato Unit to Deutsche Telekom for $409 Million Nov 19, 2009
Strato complements our activities in the hosting area perfectly and will make a positive contribution to net profit and free cash flow from the very first day of consolidation. . (Bloomberg -- Germany)
Infineon Posts Profit After 10 Quarterly Losses on Higher Demand for Chips Nov 19, 2009
The significant improvement in results in the fourth quarter, including positive net income and free cash flow from continuing operations of 151 million euros, reflects our cost- reduction efforts and continuing strong cost discipline, as well as a recovery in demand across all our operating segments, said Chief Executive Officer said in the statement. The company expects to increase its market share in 2010 and deliver better results, he said. (Bloomberg -- Germany)
It didn't take long for whispers to emerge from ASIC that the decision to prosecute was not taken under the current regime. Nov 19, 2009
Company documents and public announcements also demonstrate that ambitious profit and cash flow projections were not met ... What the f--k is going on in June and July [cash flow forecasts. (Sydney Morning Herald -- Business)
One Exploration Inc. announces 2009 3rd quarter results, property disposition and updated banking arrangements Nov 19, 2009
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (Canada Newswire)
NetEase.com Reports Third Quarter 2009 Unaudited Financial Results Nov 19, 2009
Cash flows generated from operating activities totaled RMB270 ... NETEASE.COM, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Quarter Ended September 30, June 30, September 30, September 30, 2008 2009 2009 2009 RMB RMB RMB USD (Note 1) Cash flows from operating activities: Net income 313,310,365 468,088,312 393,795,365 57,688,812 Adjustments to reconcile net profit to net cash provided by operating activities: Depreciation and amortization 22,478,837 20,464,224 42,479,635... (Yahoo! Wire -- Entertainment News)
Borough tax increase proposed for Carlisle Nov 19, 2009
Reserves are necessary to avoid cash flow problems, protect against unanticipated downturns in revenue and to draw from in the event of an emergency such as a sewer line break, Hietsch said. Your View - Comment on this Story. (Carlisle Sentinel, PA)
Stroud Announces Financing Nov 19, 2009
Stroud also generates cash flow from a 3. 75% interest in six natural gas, and natural gas condensate wells in central Alberta. (CCNMatthews Press Releases)
Experts: Companies should keep holiday gifts Nov 19, 2009
NEW YORK - Small business owners with cash flow problems might be tempted during yet another difficult holiday season to forgo gifts for clients or customers. Many look at gifts as budget items that just aren't critical. (MSNBC -- Business)
Value Hunters Can Find Cheap Stocks in Japan, First Eagle's Deshpande Says Nov 19, 2009
The fund, which has as an adviser, favors companies including and because of their global market share, profitability and cash flow, said Deshpande. The fund has also held shares of karaoke machine manufacturer , which trades at 6. (Bloomberg -- Japan)
Concur posts higher 4Q profit, revenue Nov 18, 2009
"We are very pleased with fiscal fourth quarter performance as we exceeded expectations for revenue, earnings and free cash flow," said Steve Singh, Concur's chairman and CEO, in a statement. For the current quarter, the company forecast earnings of 11 cents per share, and adjusted, pretax earnings of 27 cents per share. (Yahoo News -- Press Releases)
RIL eyes overseas buys for growth Nov 18, 2009
The company has a current cash balance of Rs 19,421 crore or $4 billion and net debt is less than 21 months of cash flow, he said. Mr Ambani said that RIL could become debt-free in less than two years. (India Times)
Jackson schools' deficit attracts state scrutiny Nov 18, 2009
"What it means is, we have to be careful with cash flow," Sanchez said. "We have more reporting requirements, and we have to focus on either gaining enough revenue or reducing enough expenditures so we get out of deficit.". (Athens Banner-Herald)
Knology Announces Acquisition of the Assets of Private Cable Co., LLC for $7.5 Million Cash Nov 18, 2009
The transaction will be immediately accretive, before synergies, to EBITDA per share, levered free cash flow per share and overall enterprise value. Although a smaller transaction relative to our past acquisitions, we continue to take a disciplined approach to M activity in an effort to drive increased shareholder value. (Yahoo! Wire -- Entertainment News)
CIT Group Says 3Q Loss Widened to $1.07 Billion Nov 18, 2009
That points to more uncertainty for the company even after it emerges from bankruptcy protection; many small businesses still have cash flow problems. Related. (ABC News -- Business)
EMI on shaky ground Nov 18, 2009
According to sources inside and outside EMI, musicians are concerned that the company doesn't have the money to properly market their material -- most of the cash flow EMI generates is being used to service $4 billion in debt held by Citigroup ... According to sources inside and outside EMI, musicians are concerned that the company doesn't have the money to properly market their material -- most of the cash flow EMI generates is being used to service $4 billion in debt held by Citigroup. (New York Post -- Business)
Charges filed in heroin overdose deaths Nov 18, 2009
These dealers KNOW what they are selling, they KNOW what it will do and they don't care about anything except the cash flow. Drug addicts are just changing faces in a never ending stream of money. (Park Hills Daily Journal, MO)
Centro shareholders post confusing message Nov 18, 2009
But Rufrano tempered his positive comments by confirming that the appreciating Australian dollar and rising interest rates were eating into underlying profit and cash flow expectations for the current year. Centro will need to see a lot more than a few green shoots to breathe life back into the company. (Sydney Morning Herald -- Business)
Stock questions? Ask Matt Nov 18, 2009
Step 2: Measure the stock's discounted cash flow. Some investors decide if a stock is pricey by comparing its current price to the present value of its expected cash flows. (USA Today -- Money)
Charter's Chapter 11 Reorganization Plan Confirmed Nov 18, 2009
But Neil Smit, Charter's chief executive, told The Associated Press that the company expects to post positive cash flow immediately after emerging from bankruptcy. "That was one of our objectives a healthy company that is cash-flow positive," he said. (ABC News -- Wire)
Snowe Tries to Kill Loan Program Nov 18, 2009
The loans are intended to help struggling but viable small businesses survive short-term hardship by freeing up cash flow. Borrowers can apply for interest-free ARC loans of up to $35,000, which they can use to make payments on existing debts for up to six months. (BusinessWeek)
Japan doomsdayfears premature Nov 18, 2009
One reason the demographic crunch in Japan understandably frightens people is that it is essentially impossible today to purchase future yen cash flows with today's yen - interest rates are far too low ... Since then, Japanese savers have been unable to find any kind of investment that promises to return reliable streams of cash flow in the future - one reason now that so many of them are finding that their savings are inadequate to finance retirement. (Asia Times Online)
Experian First-Half Profit Slips on Declining Demand for Credit Services Nov 18, 2009
In the second half, we continue to expect modest organic revenue growth and, for the year as a whole, remain on track to grow profits at constant currency and deliver strong free cash flow, Chief Executive Officer said in the statement. The company expanded into emerging markets in South America and South Africa as consumer credit becomes scarcer. (Bloomberg -- UK)
Preswick Glen's overdue tax bill: $843,006 Nov 18, 2009
It hurts our cash flow and overall spending. The county bears the full brunt of any tax delinquency. (Utica NY Obserer, NY)
UM proposes cuts, tuition increase Nov 18, 2009
UM is also looking at ways to boost cash flow. One such proposal, which Dennison suspects will stir some debate, recommends that the regents distribute more state money to colleges and universities with the highest number of enrolled Montana residents. (Montana Standard, MT)
Commentary: What's next for troubled SMIC? Nov 18, 2009
SMIC currently has about $450 million in cash and is cash flow positive this year and next, so we are not worried about the ability to survive,'' he said. Our greater near term concern remains the reactions of customers and suppliers, which may impact near term strength. (EETimes)
Evotec Wins German Government Research Grant Nov 18, 2009
Such forward-looking statements include, but are not limited to, statements about our ability to achieve a cash flow positive fourth quarter in 2009 and to deliver on our liquidity guidance, our expectation that our funds will be sufficient to finance our planned activities through to sustainability, our expectation that our reentry into the German technology index TecDAX will increase liquidity for our shareholders and that our voluntary delisting from NASDAQ and de-registration with the SEC... (Primezone Releases)
Simon Property Mulls Buying General Growth Mall Assets With Lazard Hiring Nov 18, 2009
Between now and the end of February, Simon has no standing in the bankruptcy court and its only when General Growth gets much farther into the process of refinancing its secured debt and its unsecured debt and its claims on the equity " before Simon might be able to bid, Sullivan said. Logical Buyer Simon Property has been raising money through debt and equity sales and preserving capital by paying 80 percent of its in stock. The mall owner in August sold $500 million of senior... (Bloomberg -- US)
Lucas Energy Reports Second Fiscal Quarter 2009-2010 Results, Turns EBITDA Positive Nov 17, 2009
Mr. William Sawyer, CEO of Lucas Energy said, "We are happy to announce the return to positive EBITDA for the fiscal second quarter. The current quarter returns this trend to positive EBITDA and positive cash flow from operations and we are seeing higher production and strong oil prices. This combined with our focus on keeping lease operating expenses down will result in an even better third quarter. Our joint interest drilling program is in full swing and we are looking forward to the rest of... (Primezone Releases)
Verisk Analytics, Inc. Reports Third-Quarter 2009 Financial Results Nov 17, 2009
Although EBITDA and adjusted EBITDA are frequently used by securities analysts, lenders and others in their evaluation of companies, EBITDA and adjusted EBITDA have limitations as an analytical tool and should not be considered in isolation, or as a substitute for an analysis of our statement of cash flow reported under GAAP. Management uses EBITDA and adjusted EBITDA in conjunction with traditional GAAP operating performance measures as part of its overall assessment of company performance ...... (Primezone Releases)
Crowflight Announces Third Quarter 2009 Financial Results Nov 17, 2009
-- Operating cash flow for the quarter ended September 30, 2009 was $389,211 compared to operating cash flow of negative $634,800 in the third quarter last year ... 01) --------------------------------------------------------------------------- Cash flow from operating activities 1,509,159 109,511 --------------------------------------------------------------------------- USD Cash Cost of sales per pound sold(1,4) $ 8 ... CONSOLIDATED STATEMENTS OF CASH FLOWS unaudited For the three and nine... (CCNMatthews Press Releases)
Rules For Buying IPOs Are A Bit Different Nov 17, 2009
Those firms generate lots of free cash flow, a key to earnings growth. And earnings drive price gains. (Investors Business Daily)
Bucking Horse Energy Inc. Announces Third Quarter Financial Results Nov 17, 2009
- Cash flow from operations was $1,542,481 ... Bucking Horse's cash flow from operations for the third quarter ended September 30, 2009 increased to $1,542,481 ... --------------------------------------------------------------------------- Reconciliation of cash flow from operations before change Nine months ended Nine months ended in net working capital September 30, 2009 August 31, 2008 Net cash flow provided by operating activities $1,542,491 $ 1,506,350 Accounts payable and accrued... (CCNMatthews Press Releases)
People traveling less often, spending less Nov 17, 2009
Arch Woodside, professor of marketing at Boston College who specializes in tourism, pointed out that the U.S. lodging industry has been able to generate a "positive cash flow with lower profits" despite the recession by "reducing prices in response to soft demand." But he said the weak economy is disproportionately affecting the travel habits of average-income households, with those travelers making fewer trips than higher-income Americans. The economy is also changing when and how often... (MSNBC -- Travel)
GM loses $1.15 bln in third quarter Nov 17, 2009
3 billion dollars of operating cash flow and 42. 6 billion dollars in cash and other available assets. (Xinhuanet, China)
Sunny (Earnings) Forecast Nov 17, 2009
Carolina Solar s cash flow is generated by selling the electricity to Progress Energy. Carolina Solar has only three full-time employees and one part-time employee. (Triangle Business Journal)
Sterling Shoes Income Fund (TSX:SSI.UN): Fund Announces Third Quarter 2009 Results Nov 17, 2009
--------------------------------------------------------------------------- Equity com- ponent Accum- Unit- of Accum- ulated Accum- holders' Deben- ulated distri- ulated capital tures earnings butions deficit Total --------------------------------------------------------------------------- BALANCE, December 31, 2007 $47,847 2,657 18,909 (22,444) (3,535) $46,969 Reclassification of Class D LP units from non-controlling interest 11,962 4,801 (5,611) (810) 11,152 Re-valuation of inventory per CICA... (CCNMatthews Press Releases)
Whats up with LCL Corp? Nov 17, 2009
The company faced low billings because of the doldrum in the Dubai property market, which weakened cash flow to cover interest payments, he said, adding that LCLs gross debt was about RM400mil. LCL has to focus on reducing its debt level by trying to increase collection from its clients. (The Star Online, Malaysia -- Business)
Amelia Island Plantation files for bankruptcy Nov 17, 2009
for free extra services. Jacksonville Business Journal. (Jacksonville Business Journal, FL)
Great Plains Moves Ahead With Pipeline Plans and Announces Third Quarter Results Nov 17, 2009
While cash flow during the quarter was negatively impacted due to lower gas prices and temporary shut-ins, Great Plains managed to keep debt levels relatively flat while still maintaining a modest capital program ... - Cash flow per BOE decreased to $9 ... In view of our expanding portfolio of opportunities and a disciplined approach to capital spending, these projects may require a partner or deferral until additional cash flow is established from new Nisku oil production expected from... (CCNMatthews Press Releases)
Down to Business Nov 17, 2009
Your accountant or business advisor can help you analyze cash flow, taxes, maintenance and repair costs, insurance, lease agreements and growth strategies ... A good business plan is helpful in knowing what the long term goals are for the business and to analyze the cash flow potential. (Coos Bay-North Bend The World, OR)
