Total Revenues. Achieve total revenues, determined in accordance with GAAP, of not less than the amount shown below for the period corresponding thereto: ============================================================================== Period Minimum Total Revenue ============================================================================== the 6 month period ending on $47,900,000 December 31, 1998 ------------------------------------------------------------------------------ the 6 month period ending on March $56,100,000 31, 1999 ------------------------------------------------------------------------------ the 6 month period ending on June $70,300,000 30, 1999 ------------------------------------------------------------------------------ the 6 month period ending on $89,300,000 September 30, 1999 ------------------------------------------------------------------------------ the 6 month period ending on $110,100,000 December 31, 1999 ------------------------------------------------------------------------------ the 6 month period ending on March $126,800,000 31, 2000 ==============================================================================
Total Revenues. OPERATING COSTS AND EXPENSES 63,848 -------- 977,739 -------- 65,069 -------- 928,134 -------- Property-level operating costs and expenses Rooms.................................................... 148,482 141,898 Food and beverage........................................ 218,802 211,964 Other.................................................... 254,248 241,996 Other operating costs and expenses Lease expense to Host Marriott........................... 296,664 276,058 Management fees.......................................... 47,172 40,659 -------- -------- Total operating costs and expenses..................... 965,368 912,575 -------- -------- OPERATING PROFIT BEFORE CORPORATE EXPENSES AND INTEREST.... 12,371 15,559 Corporate expenses......................................... (1,224) (1,367) Interest expense........................................... (1,332) (1,585) Interest income............................................ 334 -- -------- -------- INCOME BEFORE INCOME TAXES................................. 10,149 12,607 Provision for income taxes................................. (4,289) (5,169) -------- -------- NET INCOME................................................. $ 5,860 $ 7,438 ======== ======== See Notes to Consolidated Financial Statements. CCHP I CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY Fiscal Years Ended December 29, 2000 and December 31, 1999 (in thousands) Common Retained Stock Earnings Total ------ -------- ------- Balance, January 1, 1999.............................. $-- $ -- $ -- Dividend to Crestline............................... -- (4,234) (4,234) Net income.......................................... -- 7,438 7,438 ---- ------- ------- Balance, December 31, 1999............................ -- 3,204 3,204 Dividend to Crestline............................... -- (9,064) (9,064) Net income.......................................... -- 5,860 5,860 ---- ------- ------- Balance, December 29, 2000............................ $-- $ -- $ -- ==== ======= ======= See Notes to Consolidated Financial Statements. CCHP I CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS Fiscal Years Ended December 29, 2000 and December 31, 1999 (in thousands) 2000 1999 ------- ------- OPERATING ACTIVITIES Net income.................................................... $ 5,860 $ 7,438 Change in amounts due from hotel managers..................... (1,972) (678) Change in lease payable to Host Marriott.......................
Total Revenues. For the relevant period, the aggregate amount of all gross revenues derived from the operations of Forestar Group and its Subsidiaries, plus their pro rata share of operating revenues from unconsolidated Joint Ventures; provided that any “gain on sale” resulting from the contributions or other transfers of Real Estate to one or more Joint Ventures shall be considered revenues derived from the operations of Forestar Group and its Subsidiaries for the fiscal quarter in which such contributions or transfers occur so long as the structure of such Joint Venture has been approved by Agent, such approval not to be unreasonably withheld, conditioned or delayed.
Total Revenues. For the relevant period, the aggregate amount of all gross revenues derived from the operations of Forestar Group and its Subsidiaries (but excluding the revenues of the Credo Entities), plus their pro rata share of operating revenues from unconsolidated Joint Ventures; provided that any “gain on sale” resulting from the contributions or other transfers of Real Estate to one or more Joint Ventures shall be considered revenues derived from the operations of Forestar Group and its Subsidiaries for the fiscal quarter in which such contributions or transfers occur so long as the structure of such Joint Venture has been approved by Agent, such approval not to be unreasonably withheld, conditioned or delayed.
Total Revenues. CONTRACT DRILLING EXPENSE (2,025)--------- $ 885,349 ========= (8,174) --------- $ 659,436 ========= 6,149 -------- $225,913 ======== High Specification Floaters.............................. $ 122,809 $ 100,782 $ 22,027 Other Semisubmersibles................................... 224,346 213,015 11,331 Xxxx-ups................................................. 110,125 98,880 11,245 Integrated Services...................................... 7,138 22,328 (15,190) Other.................................................... 2,571 6,260 (3,689) Eliminations............................................. Total Contract Drilling Expense.................. OPERATING INCOME (2,025)--------- $ 464,964 ========= (8,174) --------- $ 433,091 ========= 6,149 -------- $ 31,873 ======== High Specification Floaters.............................. $ 204,026 $ 111,218 $ 92,808 Other Semisubmersibles................................... 153,369 100,272 53,097 Xxxx-ups................................................. 64,373 20,005 44,368 Integrated Services...................................... 641 970 (329) Other.................................................... (2,024) (6,120) 4,096 Depreciation and Amortization Expense.................... (170,017) (145,596) (24,421)
Total Revenues. 3 -------- 3,594 75 -------- 956 11 ------- 908 51 ------- 2,569 170 ------- 3,616 Operating costs and expenses: Cost of product sales.............. 1,938 500 271 771 771 Sales and marketing................ 2,539 946 733 1,703 1,310 General and administrative......... 5,495 1,684 837 2,261 2,802 Product development................ 3,760 1,266 1,053 2,438 2,521 Discovery research................. 1,461 1,589 581 1,614 1,267 Restructuring costs................ -- 1,530 -- -- -- Depreciation and amortization...... 2,559 574 507 1,239 1,239 Acquired in process research and development..................... -- 15,168 -- -- -- Total operating costs and expenses... Loss from operations................. -------- 17,752 -------- (14,158) -------- 23,257 -------- (22,301) ------- 3,982 ------- (3,074) ------- 10,026 ------- (7,457) ------- 9,910 ------- (6,294) Interest and other income, net....... 135 86 300 590 809 Rental income, net................... 261 5 35 83 171 Amortization of discount and costs on mandatorily convertible notes...... -- -- -- -- (259) Net loss............................. Net loss per common share: -------- $(13,762) ======== -------- $(22,210) ======== ------- $(2,739) ======= ------- $(6,784) ======= ------- $(5,573) ======= Basic and diluted.................... $ (0.56) ======== $ (1.22) ======== $ (0.17) ======= $ (0.43) ======= $ (0.37) ======= Weighted average shares of common stock outstanding.................. 24,722 18,240 15,712 15,712 15,187 ======== ======== ======= ======= ======= See accompanying notes. 40 42 QUESTCOR PHARMACEUTICALS, INC. CONSOLIDATED STATEMENTS OF PREFERRED STOCK AND STOCKHOLDER'S EQUITY YEAR ENDED DECEMBER 31, 2000, FIVE MONTHS ENDED DECEMBER 31, 1999 AND YEARS ENDED JULY 31, 1999, AND 1998 (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) ACCUMULATED PREFERRED STOCK COMMON STOCK OTHER SHARES AMOUNT SHARES AMOUNT COMPENSATION DEFICIT GAIN/(LOSS) --------- ------ ---------- ------- ------------ ----------- ------------- Balances at July 31, 1997.............. -- $ -- 13,650,405 $32,345 $(161) $(17,157) $ -- notes.............................. -- -- 1,205,446 4,025 -- -- -- Warrants............................. -- -- 856,026 4,707 -- -- -- Deferred compensation................ -- -- -- 251 (251) -- -- Amortization of deferred Compensation....................... -- -- -- -- 325 -- -- Net loss............................. -- -- -- -- -- (5,573) -- --------- ------ ---------- ------- ----- -------- ---- Balances at July 3...
Total Revenues. The Borrower will maintain Total Revenues of the Borrower and the Subsidiaries for each three-month period ending on the last day of each month in the calendar year 1999 set forth below equal to or greater than 93% of the amount set forth opposite such month. Quarterly Total Revenues June $6,750,000 September $6,878,000 December $7,059,000"
Total Revenues. On or prior to July 1, 2000, the Purchaser shall deliver a certificate (the "Revenue Certificate") to the Company, signed by the president or chief accounting officer of the Purchaser and setting forth in reasonable detail the Total Revenues (as defined herein). If the amount of Total Revenues exceeds the Initial Cash Consideration, then the cash consideration payable under this Agreement shall be increased by an amount equal to the excess of (i) the Total Revenues over (ii) the Initial Cash Consideration (the "Contingent Payment"); provided, however, that in no event shall the sum of the Contingent Payment and the Initial Cash Consideration exceed $85 million (exclusive of any payments made or to be made in respect of Cure Payments). The Contingent Payment, minus the liquidated amount payable as set forth in clause (ii) of Section 1.3(c) of the Seller Disclosure Letter, shall be paid to the Company in cash simultaneously with the delivery of the Revenue Certificate.
Total Revenues. Achieve total revenues, determined in accordance with GAAP, of not less than the amount shown below for the period corresponding thereto: Period Minimum Total Revenue ------------------------------- --------------------- For the six month period ending $56,100,000 March 31, 1999 For the six month period ending $61,500,000 June 30, 1999 For the six month period ending $70,000,000 September 30, 1999 For the six month period ending $79,500,000 December 31, 1999 For the three month period ending $42,000,000 March 31, 2000 For the three month period ending $50,000,000 June 30, 2000 For the three month period ending $58,200,000 September 30, 2000 For the three month period ending $67,825,000 December 31, 2000
Total Revenues. For the relevant period, the aggregate amount of all gross revenues derived from the operations of Forestar Group and its Subsidiaries, plus their pro rata share of operating revenues from unconsolidated Joint Ventures.
