Common use of Historical Financial Information Clause in Contracts

Historical Financial Information. historical financial information -------------------------------- including: i) Annual Financial Information: comparative summaries for the most ---------------------------- recent five years, if available, of: - income statements (setting out at least: sales, gross profit, major expense items, operating profit or earnings before interest and taxes, interest/financing expenses, earnings before income taxes, income taxes and net income); - statements of changes in financial position (setting out at least: earnings from operations, depreciation, amortization and depletion, deferred taxes, other major deferred charges, major deferred revenues, debt borrowings and repayments, equity issues, other capital transactions and dividends); - balance sheets (setting out at least: cash and marketable securities, other current assets, fixed assets including accumulated depreciation, intangible assets, short-term debt, current portion of long-term debt, other current liabilities, long- term debt, deferred taxes, preferred equity and common equity); - key financial statement notices and statistics; and - key operational statistics such as those commonly provided in Annual Reports for public companies in the relevant industries; The historical summaries should be lengthened if the business cycle warrants; and