Accumulated Deficit Sample Clauses

Accumulated Deficit. The Company is a development stage entity and, therefore, has generated no revenues or earnings from sales of products and no product revenues or earnings are expected for years. The Company will be required to conduct significant research, manufacturing, development, testing, and regulatory compliance activities which, together with projected general and administrative expenses, are expected to result in significant and increasing operating losses for the foreseeable future.
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Accumulated Deficit. 349,663 (130,409) Warrants outstanding..................................... 25,050 Common stock in treasury................................. (44,309) Cumulative foreign currency adjustments.................. (479) ------------ 207,992 ------------ Total liabilities and stockholders' equity $1,925,926 ------------ ------------ See Notes to Unaudited Pro Forma Consolidated Financial Statements 8 UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998 (IN THOUSANDS, EXCEPT PER SHARE DATA) MAGELLAN AS REPORTED HAI ALLIED MERIT PRO FORMA ADJUSTMENTS PRO FORMA COMBINED Net revenue......................... $ 1,499,659 $ 19,528 $ 21,299 $ 262,630 $ (2,143) (6) $ 1,800,973 Salaries, cost of care and other operating expenses................ 1,299,458 15,031 21,422 241,084 (3,285) (7) 1,573,710 Equity in loss of unconsolidated subsidiaries...................... 19,083 -- -- -- -- 19,083 Depreciation and amortization....... 54,885 34 100 16,159 (2,347) (8) 68,831 Interest, net....................... 75,375 (256) (92) 8,870 16,128 100,025 Stock option expense................ (5,623) -- -- -- -- (5,623) Managed care integration costs...... 16,962 -- -- -- (16,962) (10) -- Unusual items....................... 458 -- -- 1,318 1,682 (11) 3,458 1,460,598 14,809 21,430 267,431 (4,784) 1,759,484 Income (loss) before income taxes and minority interest............. 39,061 4,719 (131) (4,801) 2,641 41,489 Provision for (benefit from) income taxes............................. 20,033 1,879 -- (786) 2,732 (12) 23,858 Income (loss) before minority interest.......................... 19,028 2,840 (131) (4,015) (91) 17,631 Minority interest................... 5,296 -- -- -- (2,606) (13) 2,690 Net income.......................... $ 13,732 $ 2,840 $ (131) $ (4,015) $ 2,515 $ 14,941 Average number of common shares outstanding--basic................ 30,784 815 (13) 31,599 Average number of common shares outstanding--diluted.............. 31,198 815 (13) 32,013 Net income per share--basic......... $ 0.45 $ 0.47 Net income per share--diluted....... $ 0.44 $ 0.47 DIVESTED PRO FORMA PRO FORMA OPERATIONS ADJUSTMENTS CONSOLIDATED Net revenue......................... $ (29,922) $ -- $1,771,051 Salaries, cost of care and other operating expenses................ (21,577) -- 1,552,133 Equity in loss of unconsolidated subsidiaries...................... -- -- 19,083 Depreciation and amortization....... (1,332) -- 67,499 Interest, net..........................
Sample 1
Accumulated Deficit. To reflect the following transaction adjustments in connection with the Merger: (In thousands) Elimination of XxxXxxx’s historical accumulated deficit $ 157,956 Preliminary estimate of the bargain purchase gain(1) 93,161 Estimated acquisition-related transaction costs(2) (7,871 ) Severance benefits in connection with the termination of certain executive officers of XxxXxxx(3) (5,423 ) Accelerated vesting of equity awards in connection with the termination of certain employees of CarLotz(4) (595 ) Total $ 237,228
Sample 1
Accumulated Deficit related to issuer's stated business purpose - For the purpose of section 6.1(d), that portion of the issuer's accumulated deficit that directly relates to the issuer's stated business purpose at the time of its IPO includes
Sample 1
Accumulated Deficit. Other comprehensive income.............................. Total stockholders’ equity.............................. Total capitalization.............................. * Please rely only on the information contained in this confidential private placement memorandum, including the attached exhibits made a part hereof. The information contained in the exhibits to this confidential private placement memorandum is accurate only as of the date on which such exhibits were filed with the Commission. Our business, financial condition and prospects may have changed since such date. No person has been authorized to provide you with different or additional information. No offer is being made to sell our shares in any jurisdiction where the offer or sale is not permitted.
Sample 1

Related to Accumulated Deficit

  • No Deficit Restoration No Member shall be personally liable for a deficit Capital Account balance of that Member, it being expressly understood that the distribution of liquidation proceeds shall be made solely from existing Company assets.

  • Capital Account Deficits Loss shall not be allocated to a Limited Partner to the extent that such allocation would cause a deficit in such Partner’s Capital Account (after reduction to reflect the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6)) to exceed the sum of such Partner’s shares of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain. Any Loss in excess of that limitation shall be allocated to the General Partner. After the occurrence of an allocation of Loss to the General Partner in accordance with this Section 5.01(e), to the extent permitted by Regulations Section 1.704-1(b), Profit first shall be allocated to the General Partner in an amount necessary to offset the Loss previously allocated to the General Partner under this Section 5.01(e).

  • Required Amount (a) With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the “Class A Required Amount”), if any, by which (x) the sum of (i) Class A Monthly Interest for such Distribution Date, (ii) any Class A Monthly Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (iii) any Class A Additional Interest for such Distribution Date and (iv) any Class A Additional Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (v) if TRS or an Affiliate of TRS is no longer the Servicer, the Class A Servicing Fee for such Distribution Date, (vi) if TRS or an Affiliate of TRS is no longer the Servicer, any Class A Servicing Fee previously due but not paid to the Servicer, and (vii) the Class A Investor Default Amount, if any, for such Distribution Date exceeds (y) the Class A Available Funds. In the event that the difference between (x) the Class A Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(a) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class A Required Amount on the date of computation.

  • Borrowing Base Deficiency If at any time there exists a Borrowing Base Deficiency the Borrower shall cure same in accordance with Section 2.06 hereof.

  • Interest and Withdrawal No interest shall be paid by the Partnership on Capital Contributions. No Partner shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Partner shall have priority over any other Partner either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Partners agree within the meaning of Section 17-502(b) of the Delaware Act.

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