Consultant Urges Producers: Take Control of What You Can Oct 17, 2009
Work with your lender to defer principal payments for a period of time, Swenson continued. Remember that unless the loan is reamortized, payments will be larger when principal payments return. (Minnesota Farm Guide, MN)
Stallion Oilfield strikes debt agreement Oct 8, 2009
If the agreement is approved, the lenders would receive about $33 million in principal payments and about $541 million of obligations outstanding from various Stallion credit and bridge loan agreements and unsecured notes. Existing equityholders would receive 2 percent of the common equity and warrants to purchase 1 percent of the common equity in the reorganized Stallion. (Houston Business Journal, TX)
Your Money: Use Charitable Remainder Unit Trust for tax issues (2) Oct 4, 2009
Even if you should live beyond your expected lifespan and receive all of the principal payments from the trust, IRS still allows the deduction. The deduction is based on expected mortality not actual lifespan. (Sioux Falls Tri-State Neighbor, SD)
'Interest-only' mortgages:a time bomb about to go off Sep 30, 2009
"Interest-only" mortgages, which enabled borrowers to defer principal payments for several years, thus keeping their monthly payments temporarily artificially low, were used during the boom years to get folks into homes they couldn't really afford. An analysis undertaken for The New York Times by First American Core Logic, a real estate information firm, revealed that in the next 12 months, $71 billion of interest-only loans, "which put off the principal payments for five, seven or 10 years,"... (NJ.com -- Times)
Press Release: Statement at the Conclusion of an IMF Staff Mission to Togo Sep 23, 2009
5 percent and are repayable over 10 years with a 5 -year grace period on principal payments. IMF EXTERNAL RELATIONS DEPARTMENT. (IMF News)
Bioniche Reports Fiscal 2009 Year-End Results Sep 19, 2009
Bioniche Life Sciences Inc. Amalgamated under the laws of Ontario CONSOLIDATED BALANCE SHEETS (see going concern uncertainty) As at June 30 2009 2008 $ $ ------------------------------------------------------------------------- ASSETS Current Cash and cash equivalents 5,949,617 4,399,065 Accounts receivable 3,720,123 6,443,299 Inventories 5,407,624 4,738,765 Prepaid expenses and deposits 569,605 640,326 Restricted cash 1,227,374 - Foreign currency embedded derivatives - 59,693... (PR Newswire)
Wall Street Model Is Just Financial Origami: Brendan Moynihan Sep 15, 2009
These products passed default losses through to investors as well as interest and principal payments. The ultimate folding of paper wasnt credit default swaps, but what the Street did with them. (Bloomberg -- Columnists)
Home Mortgage Interest Deduction Sep 11, 2009
Tax savings are likely to be greater in the first few years of a mortgage, because as the loan is , interest is higher and principal payments are lower then. As more of the principal is paid off, interest, and the corresponding tax savings, are decreased. (Suite101.com)
Hedge Funds Post 6th Straight Month of Returns in August, Eurekahedge Says Sep 9, 2009
Distressed securities are mostly loans and low-rated, high- yield bonds of companies that have trouble meeting interest and principal payments. Investors can profit if prices rebound or the securities are swapped for equity in a restructuring. (Bloomberg -- Japan)
Cover Story: Cash Business Sep 7, 2009
Time Warner Cable: The company defines Free Cash Flow as cash provided by operating activities (as defined under GAAP) plus excess tax benefits from the exercise of stock options, less cash provided by (used by) discontinued operations, capital expenditures, cash paid for other intangible assets, partnership distributions and principal payments on capital leases. . (Multichannel News)
Kazakh bank gets short shrift Sep 4, 2009
The lender stopped making principal payments on its debt in April after creditors demanded immediate repayment. BTA wants to persuade creditors to settle for between 20 per cent and 45 per cent of what they're owed, including trade financing, and as little as between 3 per cent and 34 per cent without trade financing. (Sydney Morning Herald -- Business)
Industry urges Fannie, Freddie overhaul Sep 3, 2009
The new companies would guarantee the securities against defaults on underlying mortgages and pay fees into a federal insurance fund that would make good on interest and principal payments to bondholders if the companies were unable to make them. advertisement. (MSNBC -- Business)
OMT Reports Results for Three Months Ended June 30, 2009 Aug 28, 2009
No principal payments are required until that date ... No principal payments are required until that date. (CCNMatthews Press Releases)
Pacific Sunwear Announces Second Quarter Earnings Results Aug 21, 2009
50) ========== ========== ========== ========== Weighted average shares outstanding: Basic 65,370,465 66,664,245 65,241,888 68,290,024 ========== ========== ========== ========== Diluted 65,370,465 66,704,159 65,241,888 68,290,024 ========== ========== ========== ========== PACIFIC SUNWEAR OF CALIFORNIA, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in thousands) Aug. 1, Jan. 31, Aug. 2, 2009 2009 2008 -------- -------- -------- ASSETS Current assets: Cash & cash equivalents $ 26,176 $... (Primezone Releases)
Countrywide ruling a victory for investors Aug 20, 2009
Investors who own mortgage securities receive interest and principal payments from borrowers over the life of the loans. When servicing companies modify those loans, investor payments are typically reduced. (Boston Globe)
PPGI Reports Second Quarter and Six Month 2009 Financial Results Aug 19, 2009
06 ====== ===== ====== ===== Weighted average shares outstanding-basic 11,333,477 11,006,591 11,286,263 10,706,680 ========== ========== ========== ========== Weighted average shares outstanding-diluted 11,333,477 16,014,483 11,286,263 15,766,599 ========== ========== ========== ========== PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Six Months Ended June 30, ------------------------- 2009 2008 ---- ---- Cash flows from operating activities: Net... (PR Newswire)
Fuwei Films Announces Unaudited Financial Results for Second Quarter of 2009 Aug 15, 2009
30, 2008 ---------------- ------------- RMB US$ RMB Cash flow from operating activities Net income/ (loss) (21,510) (3,150) 17,591 Adjustments to reconcile net income/ (loss) to net cash provided by operating activities - Depreciation of property, plant and equipment 16,048 2,349 12,308 - Amortization of lease prepayments 227 33 263 - Deferred income taxes (3,320) (486) -- - Bad debt expense/(recovery) 5,945 870 55 Changes in operating assets and liabilities, net of - Accounts receivable 13,948... (Primezone Releases)
NuVista Energy Ltd.: Second Quarter Interim Report Aug 14, 2009
Under the term period, no principal payments would be required until April 29, 2011 ... During the term period, no principal payments would be required until April 29, 2011. (CCNMatthews Press Releases)
Arehada Reports Second Quarter Results Aug 14, 2009
The Company expects to commence principal payments in September 2009. The Company has received the first repayment of RMB1 million (Cdn$170,000) of the related party loan from Baiyinhanshan Mining Group Limited, a company controlled by Messrs. (CCNMatthews Press Releases)
NTN Buzztime, Inc. Announces Second Quarter Results Aug 14, 2009
NTN BUZZTIME, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands) Six months ended ---------------- June 30, June 30, 2009 2008 ---- ---- Cash flows provided by (used in) operating activities: Net loss $(537) $(4,919) Loss from discontinued operations, net of tax - (507) Loss from continuing operations $(537) $(4,412) ----- ------- Adjustments to reconcile net loss to net cash provided by (used in) operating activities Depreciation and amortization... (Yahoo! Wire -- Entertainment News)
Bankers Petroleum announces second quarter financial and operational results Aug 14, 2009
The principal payments for the 2009 term loan will commence in November 2009 in equal monthly instalments of $74,000 for a 54-month period. Of the amount outstanding, $4. (PR Newswire)
Xtreme Coil Achieves Strong 2009 2Q and Updates Operations Aug 13, 2009
The amended Tranche B facility requires minimum principal payments based on a five-year amortization of the outstanding balance at May 29, 2009. Quarterly installments in arrears began June 30, 2009 and continue until the stated maturity date of January 4, 2011, at which time the remaining facility balance becomes due and payable unless extended. (CCNMatthews Press Releases)
True Temper Sports, Inc. Announces 2009 Second Quarter and Year-To-Date Results Aug 13, 2009
01 per share; authorized 1,000 shares; issued and outstanding 100 shares - - Additional paid-in capital 122,673 122,673 Accumulated deficit (249,708) (225,563) Accumulated other comprehensive loss, net of taxes (11,543) (12,401) ----------- ----------- Total stockholder's deficit (138,578) (115,291) Commitments and contingent liabilities - - ----------- ----------- Total liabilities and stockholder's deficit $180,454 $198,877 =========== =========== TRUE TEMPER SPORTS, INC. AND SUBSIDIARIES (A... (PR Newswire)
IIJ Announces First Three Months Financial Results for the Fiscal Year Ending March 31, 2010 Aug 11, 2009
" 1st Quarter FY2009 Financial Results Summary Operating Results Summary --------------------------------------------------------------------- 1Q08 1Q09 YoY % change --------------------------------------------------------------------- JPY JPY millions millions Total Revenues 16,328 15,835 (3.0%) --------------------------------------------------------------------- Connectivity and Outsourcing Services 8,396 9,126 8.7% --------------------------------------------------------------------- SI... (Primezone Releases)
TOP Ships Reports Second Quarter and First Half 2009 Financial Results Aug 11, 2009
TOP SHIPS INC. CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (Expressed in thousands of U.S. Dollars) Six Months Ended June 30, ------- 2008 2009 ---- ---- (Unaudited)(Unaudited) Cash Flows from (used in) Operating Activities: Net income (loss) $(24,430) $(14,579) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 25,401 15,351 Stock-based compensation expense 948 1,035 Change in fair value of financial instruments 11,160... (PR Newswire)
The Steak n Shake Company Reports Fiscal Third Quarter 2009 Results Aug 11, 2009
50 stated value, 50,000,000 shares authorized -shares issued: 30,332,839 15,166 15,166 Additional paid-in capital 129,268 128,526 Retained earnings 164,349 161,733 Treasury stock - at cost: 1,519,905 shares as of July 1, 2009; 1,760,531 shares as of September 24, 2008 (20,036) (21,846) ------- ------- Total shareholders' equity 288,747 283,579 ------- ------- Total liabilities and shareholders' equity $513,122 $520,136 ======== ======== Condensed Consolidated Statements of Cash Flows (Unaudited)... (PR Newswire)
Bonavista Energy Trust Announces Second Quarter Results Aug 7, 2009
On August 25, 2008 the facility was extended to August 10, 2011 with no principal payments required until then. This facility also includes an accordion feature providing that at anytime during the term, on participation of any existing or additional lenders, we can increase the facility by $250 million. (CCNMatthews Press Releases)
Strategic Hotels & Resorts Reports Second Quarter 2009 Results Aug 6, 2009
27% 100,000 February 2016 ------- $475,000 ======== At June 30, 2009, future scheduled debt principal payments (including non-conditional extension options) are as follows: Years ended December 31, Amount ------------------------ ------ 2009 $17,257 2010 7,766 2011 879,266 2012 736,537 2013 116,932 Thereafter - --- 1,757,758 Less discount on exchangeable senior notes (12,759) ------- Total $1,744,999 ========== Percent of fixed rate debt including U.S. and European swaps 82. 1% Weighted average... (PR Newswire)
RHI Entertainment Announces Results for the Second Quarter Ended June 30, 2009 Aug 6, 2009
Adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debts. although depreciation and certain amortization expenses are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future; and. (Yahoo! Wire -- Entertainment News)
Thunderbird Resorts Inc.: Sales Report for July 2009 Guatemala and Corporate Liquidity Update Aug 6, 2009
This set of deferred principal payments totals approximately $6 ... These principal payments were deferred for approximately 12 months from the date of deferral. (CCNMatthews Press Releases)
Gladstone Capital Corporation Reports Results for the Third Quarter Ended June 30, 2009 Aug 4, 2009
5 million, which included scheduled principal payments and full repayments; * Received proceeds of approximately $39. 8 million from the sale of 1 non-syndicated and 15 syndicated loans (which resulted in the Company's exit from 7 portfolio companies) and recorded a corresponding realized net loss of approximately $10. (Primezone Releases)
Sinclair TV partner granted loan extension Aug 4, 2009
The extension requires that Cunningham make $200,000 principal payments on its term loans as of the first business day of each of August, September and October, with the balance due and payable on October 30. During this time, the lenders and Cunningham will work toward a resolution of the debt. (Baltimore Business Journal, MD)
NYMAGIC, INC. Reports 2009 Second Quarter Results Aug 4, 2009
The chief consequence of this change in subsequent reporting periods is that the Company will record any future principal payments received on its residential mortgage backed securities in excess of its carrying amount as credits to other comprehensive income instead of recording the excess in the Company's income statement. Separately, other comprehensive income was favorably impacted by $5. (PR Newswire)
Sinclair Provides Update on Cunningham Debt Maturity Aug 1, 2009
The extension requires that Cunningham make $200,000 principal payments on its term loans as of the first business day of each of August, September and October, with the balance due and payable on October 30, 2009. During this time, the lenders and Cunningham will work towards a resolution on how to satisfy the debt maturity. (Yahoo! Wire -- Entertainment News)
Duane Rea00004000de Saved By $125m Injection Aug 1, 2009
Private-equity firm Oak Hill Capital Partners yesterday said it injected 125 million into drug-store chain Duane Reade as part of a debt refinancing that pushes back principal payments until 2015 and eliminates debt covenants. The capital injection effectively means that Oak Hill is doubling down on Duane Reade, bringing to around 400 million what the PE firm has invested in the chain since taking it private in a 750 million, highly leveraged buyout in 2004. (New York Post -- Business)
Center Bancorp, Inc. Reports Second Quarter 2009 Earnings Jul 31, 2009
5 million in advances principally offset by payoffs and principal payments of $48. 9 million. (Primezone Releases)
Las Vegas Sands Corp. Reports Second Quarter 2009 Results Jul 31, 2009
Scheduled principal payments required for the remainder of 2009 and in 2010 total $63. 3 million and $198. (Yahoo! Wire -- Entertainment News)
Colonial Agrees to Cease-and-Desist Order Jul 28, 2009
Among other things, the order requires Colonial to obtain written consent from regulators before declaring or paying any dividends to shareholders, or before making interest or principal payments on subordinated debt or trust-preferred securities. Within 30 days of the order's effective date, Colonial also must submit regulators a plan on how it expects to achieve and maintain a sufficient capital cushion. (ABC News -- Wire)
Small businesses in a pinch for loans Jul 26, 2009
Among the things they do is lower interest rates, defer principal payments or refinance loans to stretch out payments over a longer period of time. "We pretty much put all of our resources into that group in February," Polackwich said. (Florida Today)
Netflix Announces Q2 2009 Financial Results Jul 24, 2009
001 par value; 160,000,000 shares authorized at June 30, 2009 and December 31, 2008; 57,415,726 and 58,862,478 issued and outstanding at June 30, 2009 and December 31, 2008, respectively 64 62 Additional paid-in capital 375,574 338,577 Treasury stock at cost (6,295,073 and 3,491,084 shares at June 30, 2009 and December 31, 2008, respectively) (215,250) (100,020) Accumulated other comprehensive income 725 84 Retained earnings 163,258 108,452 ------- ------- Total stockholders' equity 324,371... (Yahoo! Wire -- Entertainment News)
Industrias Bachoco Announces Second Quarter 2009 Results Jul 24, 2009
"Our operating margin improved and good results in the quarter were boosted by the good operating environment, a more stable Mexican peso, and the strategies implemented by the Company, such as productivity improvements, optimizing sales mix and control of our expense. "Furthermore, our comprehensive financial result also improved also during this quarter as a result of the restructuring of our derivatives portfolio and the maturity of most of the instruments we had in place," concluded Mr.... (PR Newswire)
Shepherd Smith Edwards & Kantas LLP Investigates Claims for Clients of Brookstone Securities and Richard Buswell in Connection With the Sale of Private Placement Units in Advanced Blast Protection Jul 23, 2009
ABP was supposed to make principal payments earlier this year to investors but defaulted, leaving investors holding an illiquid investment. If you were a client of Buswell and Brookstone, or a purchaser of the ABP private placement, we would like to hear from you. (Primezone Releases)
Kazakhstan Crisis Survivor Kazkommertsbank to Jump 50%, Deutsche Bank Says Jul 11, 2009
BTA stopped making principal payments on its debt in April. The bank is in talks with creditors and will probably reach a debt restructuring agreement by August, , the head of the National Wellbeing Fund Samruk-Kazyna, which owns a 75. (Bloomberg -- Europe)
Make loan program lender-friendly Jul 2, 2009
Your principal payments begin 12 months after the loan is made. We expect these loans to be in high demand, says Karen Mills, SBA s administrator. (Atlanta Journal-Constitution -- Opinion)
UAL bond pricing shows liquidity stress: analysts Jun 30, 2009
"Even if revenue trends stabilize late in the year, the airline faces over $1 billion in scheduled debt and capital lease principal payments next year, raising the probability of a deepening liquidity crisis," Fitch added. Management has indicated that an estimated $1. (Crain's Chicago Business)
Cascal N.V. Announces Fiscal 2009 Year End Results Jun 24, 2009
EBITDA does not reflect our interest expense, or the cash requirements necessary to service interest or principal payments on our debt. EBITDA does not reflect our tax expense or the cash requirements to pay our taxes. (PR Newswire)
Harry Winston Diamond Corporation Announces First Quarter Fiscal 2010 Results Jun 4, 2009
The Company's first mortgage on real property has scheduled principal payments of approximately $0. 1 million quarterly, and may be prepaid after 2009. (Canada Newswire)
Kerisma bondholders may not get full payment May 28, 2009
The rating actions reflect reduced likelihood of full principal payments to both classes of bonds on the legal final maturity on June 3, 2009 arising from potential rescheduling of repayment dates of three underlying loans involving RM127mil of principal outstanding in total, said MARC in its statement. MARC said credit enhancement to the senior secured bonds and mezzanine bonds indicated both classes could only withstand further losses of up to about RM45mil and RM15mil respectively. (The Star Online, Malaysia -- Business)
AFC Reports Financial Results For First Quarter 2009 May 28, 2009
3 ------ ------ Cash flows provided by (used in) financing activities: Principal payments - 2005 Credit Facility (term loan) (3 ... 3) Principal payments - 2005 revolving credit facility (0. (PR Newswire)
Trintech Reports First Quarter Fiscal Year 2010 Financial Results May 27, 2009
TRINTECH GROUP PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (U.S. dollars in thousands) Three months ended April 30, 2009 2008 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $(411) $(488) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 167 202 Amortization 593 611 Share-based compensation 99 259 Effect of changes in foreign currency exchange rates (21) (70) Changes in operating assets and liabilities: Accounts receivable 2,444 962... (PR Newswire)
Peak Energy Services Trust Announces the Renewal of Its Credit Facility to May 30, 2010 May 27, 2009
Pursuant to agreements with IPD dated August 31, 2005 and June 26, 2006, the Trust has term loans of $30 million and $10 million, respectively, with terms of no set principal payments for seven years from the dates of the applicable agreements. The interest rates on these two facilities are 6. (CCNMatthews Press Releases)
Residents unsettled at Wood Street facility May 26, 2009
He said the county's rent payments made up about 90 percent of the building's monthly interest and principal payments on the mortgage. And that brought him to the brink of a sheriff's sale that was stopped by the bankruptcy filing. (Pittsburgh Post-Gazette, PA)
Slam-Dunk Investment TIPS for 2009 May 22, 2009
To do so, both their interest and their principal payments are indexed against the Consumer Price Index. So the yield quoted on a TIPS is a "real" return: an incremental return over the rate of inflation. (MSNBC -- Business)
Sensus Announces Fiscal Fourth Quarter 2009 Financial Results and Earnings Call May 17, 2009
9) Principal payments on debt (3 ... 1) Principal payments on debt (14. (PR Newswire)
Asian Financial Announces Results for Third Quarter Fiscal 2009 May 16, 2009
001 par value; 100,000,000 shares authorized; 25,000,050 shares issued and outstanding as of March 31, 2009 and June 30, 2008 25,000 25,000 Additional paid-in capital 27,263,040 27,263,040 Statutory reserves 10,377,704 6,000,090 Retained earnings 71,748,279 50,058,176 Accumulated other comprehensive income 10,797,998 10,460,031 Total shareholders' equity 120,212,021 93,806,337 Total liabilities and shareholders' equity $141,441,443 $ 112,904,557 ASIAN FINANCIAL, INC. AND SUBSIDIARIES... (PR Newswire)
Cablemas 4Q08 Net Revenue and Adjusted EBITDA Up 18.2% and 5.0% YoY May 16, 2009
1 million in the years ago quarter, reflecting higher non-cash deferred taxes for the period resulting from the gains generated by the derivative instruments to hedge interest and principal payments on outstanding US dollar denominated debt ... 7 million in FY07; principally reflecting the gains generated by the derivative instruments to hedge interest and principal payments on outstanding US dollar denominated debt ... All of the Company's bank debt is hedged by swap agreements on interest and... (Yahoo! Wire -- Entertainment News)
IIJ Announces Full Year and Fourth Quarter Financial Results for Fiscal Year Ended March 31, 2009 May 15, 2009
Net cash used in financing activities in FY2008 was JPY6,573 million, compared to net cash used in financing activities of JPY1,152 million in FY2008, mainly due to repayments of short-term borrowings of JPY1,800 million (net) (increase in short-term borrowings of JPY2,810 million in FY2007), principal payments under capital leases of JPY3,954 million (principal payments under capital leases of JPY3,507 million in FY2007), payments for dividends of JPY413 million and payments of JPY407 million... (Primezone Releases)
Turbo Power Systems Inc. (TPS) Announces Results for the First Quarter Ended 31 March 2009 May 15, 2009
"NOTES TO EDITORSAbout Turbo Power SystemsTurbo Power Systems Inc (TSX: - ; AIM:TPS). is a leading UK based designer and manufacturer of innovative power solutions. The Group's products are all based on its core technologies of power electronics and high speed motors and generators and are sold into a number of market sectors including aerospace, rail, and various industrial sectors. The Company's products provide improved efficiency and reduced energy consumption compared to existing... (CCNMatthews Press Releases)
Clearwater reports first quarter 2009 results and update on financing initiatives May 15, 2009
7 million in principal payments made after quarter-end as noted in the following paragraph and $8 ... Clearwater used the proceeds from these sales plus cash on hand to make principal payments totaling approximately $10. (Canada Newswire)
Universal Energy Group Ltd. Releases Second Quarter Financial Results and Operational Updates May 14, 2009
For a reconciliation of Operational Revenue to revenue and Operational Margin to gross margin, see "Reconciliation of Operational Revenue, Operational Margin and Operational Income" in this MD&A. For a discussion of GEM's revenue recognition policies see "Critical Accounting Estimates'' in this MD&A.Selected Financial Highlights and Overall Performance of the CompanyThe following selected financial information has been derived from the unaudited interim consolidated financial statements of the... (CCNMatthews Press Releases)
In over its head in debt, TAC asks Cary to buy swim facility May 11, 2009
The first principal payment on the $10 million in bonds issued through is $150,000 and comes due in August, according to TAC. Those principal payments are slated to increase each year for 20 years. TAC says the downturn has made it difficult to mount the capital campaign it had expected would help reduce its debt. (Raleigh Triangle Business Journal, NC)
Harland Clarke Holdings Corp. Reports First Quarter 2009 Results May 10, 2009
it does not reflect the significant interest expense or the cash requirements necessary to service interest or principal payments on Harland Clarke Holdings' debt. although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA does not reflect any cash requirements for such replacements. (PR Newswire)
RadNet Reports First Quarter 2009 Results May 8, 2009
15) ========== ========== WEIGHTED AVERAGE SHARES OUTSTANDING Basic and diluted 35,916,169 35,561,041 ========== ========== RADNET, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) Three Months Ended March 31, 2009 2008 -------- -------- CASH FLOWS FROM OPERATING ACTIVITIES Net loss $ (822) $ (5,451) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 13,174 12,469 Provision for bad debts 7,974 6,487... (Primezone Releases)
LMI Aerospace Announces Results for the First Quarter of 2009 May 8, 2009
LMI Aerospace, Inc. Consolidated Statements of Cash Flows (Amounts in thousands) (Unaudited) Three Months Ended March 31, 2009 2008 -------- -------- Operating activities: Net income $ 3,354 $ 4,476 Adjustments to reconcile net income to net cash used by operating activities: Depreciation and amortization 1,955 1,603 Charges for bad debt expense 15 61 Charges for inventory obsolescence and valuation 314 339 Restricted stock compensation 526 516 Loss on sale of equipment 13 -- Deferred tax... (Primezone Releases)
Enerplus announces results for first quarter 2009 May 8, 2009
General and Administrative Expenses ("G During the first quarter of 2009 Gnses increased 9% to $2.21/BOE or $18.9 million compared to $2.03/BOE or $16.4 million in the first quarter of 2008. The year-over-year increase was primarily due to higher compensation costs associated with the increased number of employees along with increased office space. Gthe quarter was in line with expectations and on a BOE basis we expect it will increase during the year as our production is anticipated to decline.... (Canada Newswire)
