CASH FLOWS FROM FINANCING ACTIVITIES Sample Clauses

CASH FLOWS FROM FINANCING ACTIVITIES. (15,376,464) ------------- ----------- (16,496,014) ----------- ------------ (46,470,988) ------------ Proceeds from issuance of debt................... 20,000,000 32,000,000 38,000,000 Repayments of long-term debt..................... (1,000,000) (21,500,000) (1,500,000) Cash distributions............................... (50,531,003) (18,700,000) -- Increase in debt reserve fund.................... Net cash provided by (used in) financing (454,207) ------------- (611,627) ----------- (3,717,627) ------------ activities.................................. INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS... (31,985,210) ------------- 1,367,091 (8,811,627) ----------- (985,911) 32,782,373 ------------ 940,971
Sample 1
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CASH FLOWS FROM FINANCING ACTIVITIES. (1,968) --------- (846) -------- Proceeds from short-term borrowings.................... 20,796 32,645 Repayment of short-term borrowings..................... (49,114) (38,077) Repayment of term loan................................. (4,500) -- Net proceeds from initial public offering.............. 57,253 --
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. 1,430 -------- (49,577) -------- 1,027 -------- (20,614) -------- 1,173 -------- (14,486) -------- Proceeds from issuance of debt.................. -- 10,320 7,123 Payments of debt................................ (6,468) (14,870) (3,644) Payments of capital lease obligations........... (11,094) (11,535) (5,193) Payments of notes to shareholder................ -- -- (975) Net change in line of credit agreement.......... -- (6,500) (340) Distribution to stockholders.................... -- (81,443) (25,113) notes payable financing........................ 6,834 (11,281) 2,187 CASH FLOWS FROM OPERATING ACTIVITIES: Net change in accounts receivable financing and Proceeds from issuance of common stock, net of expense........................................ -- 107,723 -- Payments for stock registration costs........... (72) -- -- Net change in customer deposits and holdbacks... 9,813 7,322 774 -------- -------- -------- Net cash flows from financing activities...... (987) (264) (25,181) -------- -------- -------- NET CHANGE IN CASH AND CASH EQUIVALENTS.......... (15,245) 33,204 7,890 CASH AND CASH EQUIVALENTS, Beginning of period... 55,065 21,861 13,971 -------- -------- -------- CASH AND CASH EQUIVALENTS, End of period......... $ 39,820 $ 55,065 $ 21,861 ======== ======== ======== SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for interest........ $ 1,381 $ 4,696 $ 4,048 ======== ======== ======== Cash paid during the period for income taxes.... $ 24,877 $ 702 $ 459 ======== ======== ======== SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES: Acquisition of property through assumption of debt obligations............................... $ 16,725 $ 16,297 $ 9,592 ======== ======== ======== Reduction of accounts receivable through issuance of notes receivable................... $ 1,114 $ 61 $ 367 ======== ======== ======== The accompanying notes are an integral part of these financial statements. WEST TELESERVICES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 1997, 1996 AND 1995 (DOLLARS IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. 18,307 ----------- (4,053,968) ----------- (26,755) ------------ (10,077,969) ------------ -- -------- (13,672) -------- Borrowings of long-term debt......................... 7,504,565 10,114,188 14,200 Repayments of long-term debt......................... (4,499,793) (5,694,375) -- Payments for debt issuance costs..................... Net proceeds from initial public offering of Class A common stock...................................... (85,348) -- (113,481) 3,547,920 -- --
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. Net cash provided by financing activities in 2016 was $113 million compared to $1.3 billion in 2015. The sources of cash in 2016 primarily consisted of $984 million in net proceeds from the issuance of Preferred units and $792 million of net cash proceeds from the issuance of common units and general partner units, as well as contributions of $225 million from MPC as part of the Class A Reorganization. The uses of cash in 2016 primarily consisted of net repayments of long-term debt and distributions to unitholders. The sources of cash in 2015 primarily consisted of contributions of $1.2 billion from MPC for the MarkWest Merger and proceeds of $169 million from issuances of general partner units. The uses of cash in 2015 primarily consisted of distributions to unitholders. The sources of cash in 2014 primarily consisted of net long-term borrowings and proceeds from the issuance of common units. The uses of cash in 2014 primarily consisted of distributions of $910 million to MPC for the acquisition of an interest in Pipe Line Holdings, as well as distributions to unitholders. Cash used in distributions to unitholders totaled $845 million in 2016, $158 million in 2015, and $103 million in 2014. The increase in 2016 was primarily due to the issuance of units to MarkWest unitholders in connection with the merger on December 4, 2015. Long-term debt borrowings and repayments were a net $878 million use of cash in 2016 compared to a $38 million source of cash in 2015 and a $631 million source of cash in 2014. During 2016, we used proceeds from the issuance of Preferred units to repay amounts outstanding under the bank revolving credit facility. During 2015, we used proceeds from the issuance of $500 million aggregate of principal amount of senior notes to repay $385 million outstanding under the bank revolving credit facility. See Item 8. Financial Statements and Supplemental Data – Note 17 for additional information on our long-term debt. Debt and Liquidity Overview Our outstanding borrowings at December 31, 2016 and 2015 consisted of the following: December 31, (In millions) 2016 2015 MPLX LP: Bank revolving credit facility due 2020 $ — $ 877 Term loan facility due 2019 250 250 5.500% senior notes due 2023 710 710 4.500% senior notes due 2023 989 989 4.875% senior notes due 2024 1,149 1,149 4.000% senior notes due 2025 500 500 4.875% senior notes due 2025 1,189 1,189 Consolidated subsidiaries: MarkWest - 4.500% - 5.500%, due 2023 - 2025 63 63 MPL - capital lease...
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. Net cash provided by financing activities in 2015 was $1.3 billion compared to net cash used in 2014 of $224 million. The source of cash in 2015 was primarily due to $1.2 billion of contributions from MPC for the MarkWest Merger, $38 million in increased net long-term debt borrowings, $8 million in net proceeds from related party debt with MPC and $169 million in net proceeds from MPLX GP in exchange for a number of general partnership units that allowed it to maintain its general partnership interest, partially offset by $159 million in distributions to unitholders, the general partner and noncontrolling interests. The use of cash in 2014 was primarily due to $910 million in distributions to MPC related to the acquisition of an interest in Pipe Line Holdings and $150 million in distributions to unitholders, the general partner and noncontrolling interests, partially offset by $631 million in net long-term debt borrowings and $230 million in net proceeds from equity offerings. Net cash used in financing activities decreased $78 million in 2014 compared to 2013, primarily due to $632 million in increased net long-term debt borrowings and $230 million in net proceeds from the equity offerings of common units representing limited partnership interests and contributions from MPLX GP LLC in exchange for a number of general partnership units that allowed it to maintain its two percent general partnership interest, partially offset by $810 million in increased distributions to MPC related to the acquisition of interests in Pipe Line Holdings. Debt and Liquidity Overview Our outstanding borrowings at December 31, 2015 and 2014 consisted of the following: December 31, (In millions) 2015 2014 MPLX LP: Bank revolving credit facility due 2020 $ 877 $ 385 Term loan facility due 2019 250 250 5.500% senior notes due 2023 710 — 4.500% senior notes due 2023 989 — 4.875% senior notes due 2024 1,149 — 4.000% senior notes due 2025 500 — 4.875% senior notes due 2025 1,189 — Consolidated subsidiaries: MarkWest - 5.500% senior notes due 2023 40 — MarkWest - 4.500% senior notes due 2023 11 — MarkWest - 4.875% senior notes due 2024 1 — MarkWest - 4.875% senior notes due 2025 11 — MPL - capital lease obligations due 2020 9 10 Total 5,736 645 Unamortized debt issuance costs(1) (8 ) — Unamortized discount(2) (472 ) — Amounts due within one year (1 ) (1 ) Total long-term debt due after one year $ 5,255 $ 644 (1) We adopted the updated FASB debt issuance cost standard as of June 30, 20...
Sample 1

Related to CASH FLOWS FROM FINANCING ACTIVITIES

  • Investments and Acquisitions The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except:

  • Capital Expenditures, etc With respect to Capital Expenditures, the parties covenant and agree as follows:

  • Asset Sales (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

  • Financial Statements; Pro Forma Balance Sheet; Projections On or prior to the Initial Borrowing Date, the Administrative Agent shall have received true and correct copies of the historical financial statements, the pro forma financial statements and the Projections referred to in Sections 8.05(a) and (d), which historical financial statements, pro forma financial statements and Projections shall be in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders.

  • Investments; Acquisitions Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make or own any Investment in any Person, including any Joint Venture, or acquire, by purchase or otherwise, all or substantially all the business, property or fixed assets of, or Capital Stock of any Person, or any division or line of business of any Person except:

  • Mergers, Consolidations, Sales of Assets and Acquisitions (a) Merge into or consolidate with any other person, or permit any other person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all the assets (whether now owned or hereafter acquired) of the Borrower or less than all the Equity Interests of any Subsidiary, or purchase, lease or otherwise acquire (in one transaction or a series of transactions) all or any substantial part of the assets of any other person, except that (i) the Borrower and any Subsidiary may purchase and sell Hydrocarbons and other inventory in the ordinary course of business and (ii) if at the time thereof and immediately after giving effect thereto no Event of Default or Default shall have occurred and be continuing (x) any wholly owned Subsidiary may merge into the Borrower in a transaction in which the Borrower is the surviving corporation, (y) any wholly owned Subsidiary may merge into or consolidate with any other wholly owned Subsidiary in a transaction in which the surviving entity is a wholly owned Subsidiary and no person other than the Borrower or a wholly owned Subsidiary receives any consideration (provided that if any party to any such transaction is a Loan Party, the surviving entity of such transaction shall be a Loan Party) and (z) the Borrower and the Subsidiaries may make Permitted Business Investments in accordance with Section 6.04.

  • Lenders to make available Contributions Subject to the provisions of this Agreement, each Lender shall, on and with value on each Drawdown Date, make available to the Agent for the account of the Borrowers the amount due from that Lender on that Drawdown Date under Clause 2.2.

  • Permitted Acquisition any Acquisition by any Borrower in a transaction that satisfies each of the following requirements: (a) such Acquisition is not a hostile acquisition or contested by the Person to be acquired; (b) the assets being acquired (other than a de minimis amount of assets in relation to Borrower’s and its Subsidiaries’ total assets), or the Person whose Equity Interests are being acquired, are useful in or engaged in, as applicable, the business of Borrower and its Subsidiaries or a business reasonably related thereto; (c) both before and after giving effect to such Acquisition, each of the representations and warranties in the Loan Documents is true and correct; (d) no Default or Event of Default shall have occurred and be continuing or would result from the consummation of such Acquisition; (e) as soon as available, but not less than 30 days prior to such Acquisition, the Borrowers have provided Agent (i) notice of such Acquisition and (ii) a copy of all available business and financial information reasonably requested by Agent including pro forma financial statements, statements of cash flow, and Availability projections; (f) not later than 15 Business Days prior to the anticipated closing date of such Acquisition, Borrowers shall have provided the Agent with copies of the acquisition agreement and other material documents relative to such Acquisition, which agreement and documents must be reasonably acceptable to Agent; (g) the aggregate purchase consideration payable (including deferred payment obligations, but excluding issuances of Equity Interests of Clearwater) in respect of all Acquisitions made during the term of this Agreement shall not exceed $50,000,000; (h) if such Acquisition is an acquisition of the Equity Interests of a Person, the Acquisition is structured so that the acquired Person shall become a wholly-owned Subsidiary of a Borrower and, in accordance with Section 10.1.9, an Obligor pursuant to the terms of this Agreement; (i) if such Acquisition is an acquisition of assets, the Acquisition is structured so that an Obligor (or a newly organized Subsidiary that becomes an Obligor) shall acquire such assets; (j) the assets being acquired (other than a de minimis amount of assets in relation to the assets being acquired) are located within the United States, or the Person whose Equity Interests are being acquired is organized in a jurisdiction located within the United States; (k) no Debt will be incurred, assumed, or would exist with respect to Borrower or its Subsidiaries as a result of such Acquisition, other than Debt permitted under Section 10.2.1 and no Liens will be incurred, assumed, or would exist with respect to the assets of Borrower or its Subsidiaries as a result or such Acquisition other than Permitted Liens; and (l) both before and after giving effect to any such Acquisition, Modified Availability is greater than $50,000,000. In no event will assets acquired pursuant to a Permitted Acquisition constitute Eligible Accounts, Eligible Inventory or Eligible Semi-Finished Inventory prior to completion of a field examination and other due diligence acceptable to Agent in its discretion.

  • Consolidated Capital Expenditures Company shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount in excess of the corresponding amount (the “Maximum Consolidated Capital Expenditures Amount”) set forth below opposite such Fiscal Year; provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by (i) an aggregate amount equal to the Net Securities Proceeds received by Company in such Fiscal Year from the issuance of any Capital Stock of Company or any of its Subsidiaries, but solely to the extent such Net Securities Proceeds are not applied to increase the limit under subsection 7.3(vi), (ii) to the extent Company and its Subsidiaries have generated Consolidated Excess Cash Flow in any Fiscal Quarter of such Fiscal Year in excess of $12,500,000, an amount not to exceed 50% of such excess (or 100% of such excess to the extent the Consolidated Leverage Ratio is less than 2.00:1.00 at the end of the preceding Fiscal Year), but solely to the extent that such excess is not applied to increase the limit under subsection 7.5(v), and (iii) (x) if the actual amount of Consolidated Capital Expenditures made in any Fiscal Year is less than the Maximum Consolidated Capital Expenditures Amount for such Fiscal Year (before giving effect to any increase pursuant to clause (i), (ii) or (iii) of this proviso), then an amount of such shortfall may be added to the Maximum Consolidated Capital Expenditures Amount for the immediately succeeding (but not any other) Fiscal Year and (y) in determining whether any amount is available for carryover to the succeeding Fiscal Year pursuant to the preceding subclause (iii)(x), the amount expended in any Fiscal Year shall first be deemed to be from any amount carried over to such Fiscal Year from the immediately preceding Fiscal Year and any other increases pursuant to clauses (i) or (ii) of this proviso: Fiscal Year Maximum Consolidated Capital Expenditures 2009 $ 125,000,000 2010 $ 150,000,000 2011 and each Fiscal Year thereafter $ 175,000,000

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