Pro Forma Results of Operations Sample Clauses

Pro Forma Results of Operations. The following unaudited separate and combined pro forma results of operations of Patriot and Wyndham are presented as if (i) the merger and acquisition of the WHG Casinos and Resorts and related third party minority interests consummated in January 1998 and the acquisition of the remaining minority interests completed in March and July 1998, the acquisition included the Condado Plaza Hotel & Casino, El San Xxxx Hotel and Casino and the El Conquistador Hotel and Casino and the management company for the three resorts, located in San Xxxx, Puerto Rico, the acquisition of the Buena Vista Hotel located in Orlando, Florida in January 1998, and the acquisition of the Golden Door Spa located in Escondido, California in June 1998; (ii) the acquisition of Arcadian International Limited and the Malmaison Group including 10 hotels, land held for developments and the proprietary Malmaison brand in April 1998; (iii) the merger of Interstate Hotels Company with and into Patriot and the related financing in June 1998; (iv) the acquisition of the partnership interests in SF Hotel Company, L.P. in June 1998, which included four hotels, 24 management and leasehold interests, 12 management contracts and the proprietary brand names Summerfield Suites, Sierra Suites and Sunrise Sierra Suites; (v) the merger of the hospitality related businesses of CHC International with and into Wyndham in June 1998 including the remaining 50% interest in GAH-II, L.P., the remaining 17 leases and 16 management contracts related to Patriot Hotels leased by CHC Lease Partners, 10 management and asset management contracts and the Grand Bay proprietary brand name which occurred in 1998 and 1997 had occurred on January 1, 1997. The following unaudited pro forma financial information is not necessarily indicative of what actual results of operations of Patriot and Wyndham would have been assuming such transactions had been completed as of January 1, 1997, nor do they purport to represent the results of operations for future periods.
Sample 1
AutoNDA by SimpleDocs
Pro Forma Results of Operations. The following table reflects the pro forma results of operations as though the merger with Mesa, the acquisition of Chauvco, the 1996 sale of certain wholly-owned subsidiaries and the 1996 sale of certain non-strategic domestic assets occurred on January 1, 1996. The pro forma results of operations of the America Cometra Acquisition are not presented as they are not material to the consolidated financial statements of the Company. YEAR ENDED DECEMBER 31, 1997 1996 (IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED) Revenues.................................................... $ 909,564 $959,208 Income (loss) before extraordinary item..................... $(931,784) $ 48,717 Income (loss) per share before extraordinary item........... $ (9.42) $ .49 59 60 PIONEER NATURAL RESOURCES COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 1998, 1997 AND 1996 NOTE E. LONG-TERM DEBT Long-term debt consists of the following: DECEMBER 31, 1998 1997 (IN THOUSANDS) Lines of credit and term note $1,249,984 $1,608,980 8 7/8% senior notes due 2005................................ 150,000 150,000 8 1/4% senior notes due 2007 (net of discount).............. 149,414 6 1/2% senior notes due 2008 (net of discount).............. 348,418 7 1/5% senior notes due 2028 (net of discount).............. 249,908 Other....................................................... 27,541 149,345-- -- 41,184 2,175,265 1,949,509 Less current maturities..................................... 306,521 5,791 $1,868,744========== $1,943,718========== Maturities of long-term debt at December 31, 1998 are as follows (in thousands): 1999........................................................ $306,521 2000........................................................ $ -- 2001........................................................ $ -- 2002........................................................ $934,349 2003........................................................ $ 1,447 Thereafter $932,948 LINES OF CREDIT AND TERM NOTE. On August 7, 1997, the successor to Xxxxxx & Xxxxxxx and Mesa Operating Company, Pioneer Natural Resources USA, Inc. ("Pioneer USA") (the "Borrower"), entered into two credit facility agreements ("Credit Facility Agreements") with a syndicate of banks (the "Banks") that refinanced the credit facilities of Xxxxxx & Parsley and Mesa. On December 18, 1997, the Company amended and restated the Credit Facility Agreements to substitute the Company as the Borrower in place of Pioneer USA. One ...
Sample 1
Pro Forma Results of Operations. Following the acquisition of Sooner, we will report under three business segments, offshore products, well site services and tubular services. Pro forma information including these three segments is presented below. PRO FORMA YEARS ENDED DECEMBER 31, --------------- 2000 ------ 1999 ------ Revenues Offshore Products......................................... $114.6 $154.3 Well Site Services........................................ 189.9 121.1 Tubular Services.......................................... Total............................................. Operating Income (Loss) 291.1 ------ $595.6 ====== 212.0 ------ $487.4 ====== Offshore Products......................................... $ 14.6 $ 17.5 Well Site Services........................................ 51.1 28.5 Tubular Services.......................................... 20.6 6.9 Selling, General and Administrative Expense............... Total............................................. (46.1) ------ $ 40.2 ====== (43.8) ------ $ 9.1 ====== YEAR ENDED DECEMBER 31, 2000 COMPARED TO THE YEAR ENDED DECEMBER 31, 1999 Revenues. Revenues increased by $108.2 million, or 22.2%, to $595.6 million for the year ended December 31, 2000 from $487.4 million for the year ended December 31, 1999. Well site services revenues increased by $68.8 million, or 56.8% and tubular services revenues increased $79.1 million, or 37.3%, during the same period. These increases in revenue were partially offset by a decrease in offshore products revenues of $39.7 million, or 25.7%. Of the $68.8 million increase in well site services revenues, $41.5 million was generated from our remote site accommodations, catering and logistics services and modular building construction services, $9.1 million was generated from our hydraulic workover units, $9.9 million was generated from our drilling operations and $8.3 million was generated from our rental tool operations. The significant improvement in revenues from our remote site accommodations, catering and logistics services and modular building construction services was due to the strong level of Canadian drilling activity during the first and fourth quarters of 2000, which resulted in increased demand for our drilling camps and related catering services. The increased revenues in our hydraulic workover units and drilling rigs resulted from higher utilization during the period. The $8.3 million increase in our rental tool revenues was largely due to increases in activity levels. The increased t...
Sample 1

Related to Pro Forma Results of Operations

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Hours of Operation Tenant will carry on its business diligently and continuously in the Premises and will keep the Premises open for business not less than sixteen (16) consecutive hours each day seven (7) days per week, including holidays. Director or his/her representative may, from time to time, change such required hours of operation, in which event, Tenant will remain open during such revised hours. Similarly, Tenant may, from time to time, request to revise its hours of operation. Such change must be approved by Director or his/her representative, in writing, prior to its occurrence. Tenant may not, at any time, vacate or abandon the Premises.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • 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.

  • Consolidated With reference to any term defined herein, that term as applied to the accounts of a Person and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.

  • Pro Forma Financial Statements Agent shall have received a copy of the Pro Forma Financial Statements which shall be satisfactory in all respects to Lenders;

  • Pro Forma Financial Information The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus include assumptions that provide a reasonable basis for presenting the significant effects directly attributable to the transactions and events described therein, the related pro forma adjustments give appropriate effect to those assumptions, and the pro forma adjustments reflect the proper application of those adjustments to the historical financial statements amounts in the pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus. The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus comply as to form in all material respects with the application requirements of Regulation S-X under the Exchange Act.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

Time is Money Join Law Insider Premium to draft better contracts faster.