Total Liabilities. Current Liabilities
Total Liabilities. 23,698 -------- 388,264 -------- 26,185 -------- 315,177 -------- Shareholders' equity Common stock, par value $.01 per share Shares authorized 1996 - 75,000,000; 1995 - 50,000,000 Shares issued and outstanding 1996 - 28,925,867; 1995 - 28,695,426 . . 289 287 Additional paid-in capital. . . . . . . . . . . 89,657 86,022 Retained earnings . . . . . . . . . . . . . . . 105,238 67,729 Accumulated translation adjustment. . . . . . . 325 (3,093) -------- -------- Total shareholders' equity . . . . . . . . . . 195,509 150,945 -------- -------- See Notes to Consolidated Financial Statements. 20 IDEX CORPORATION AND SUBSIDIARIES STATEMENTS OF CONSOLIDATED OPERATIONS (in thousands except per share amounts) For the years ended December 31, 1996 -------- 1995 -------- 1994 -------- Net sales ................................. $562,551 $487,336 $399,502 Cost of sales ............................. 346,397 299,315 246,858 Gross profit .............................. 216,154 Selling, general and administrative expenses .................. 111,507 188,021 97,486 152,644 83,980 Goodwill amortization ..................... 6,342 4,297 3,126 Income from operations .................... 98,305 86,238 65,538 Other income(expense) - net ............... (509) 753 559 -------- Income before interest expense and income taxes ............................. 97,796 -------- 86,991 -------- 66,097 Interest expense .......................... 18,942 15,948 13,581 Income before income taxes ................ 78,854 71,043 52,516 Provision for income taxes ................ 28,656 25,718 18,906 Net income ................................ $ 50,198 $ 45,325 $ 33,610 ======== ======== ======== Earnings per common share ................. $ 1.69 $ 1.53 $ 1.15 ======== ======== ======== Weighted average common shares outstanding .............................. 29,779 29,609 29,331 ======== ======== ======== See Notes to Consolidated Financial Statements. IDEX CORPORATION AND SUBSIDIARIES STATEMENTS OF CONSOLIDATED SHAREHOLDERS' EQUITY (in thousands except share and per share amounts) Common Stock and Additional Paid-In Capital Retained Earnings Accumulated Translation Adjustment Total Shareholders' Equity Balance, December 31, 1993 $ 84,840 $ 2,551 $ (3,705) $ 83,686 Issuance of 39,434 shares of common stock from exercise of stock options..... 294 294 Cash dividends declared -$.09 per common share outstanding ............ (2,671) (2,671) Unrealized translation adjustment......... 1,386 1,386 Net income....
Total Liabilities. The sum of the following (without duplication): (i) all liabilities of the Borrower and the Related Companies consolidated and determined in accordance with Generally Accepted Accounting Principles, (ii) all Indebtedness of the Borrower and the Related Companies whether or not so classified, including, without limitation, all outstanding Loans under this Agreement, and (iii) the balance available for drawing under letters of credit issued for the account of the Borrower or any of the Related Companies.
Total Liabilities. Debtors shall not create, incur, assume or suffer to exist or otherwise become liable in respect of any Liabilities in excess of Fifty-Six Million and 00/100 Dollars ($56,000,000.00) in the aggregate. As used herein, “Liabilities” means any and all obligations to pay an amount in money, goods, or services to any internal or external party, as reflected in the Debtors’ balance sheet, prepared on a consolidated and consolidating basis, in reasonable detail, including, without limitation, any and all liabilities (contingent or otherwise) and in conformity with GAAP.
Total Liabilities. The sum, without duplication of (i) all liabilities of the Borrower determined in accordance with the accounting principles used in the preparation of the financial statements delivered pursuant to ss.7.4, including capital leases, accounts payable, accrued expenses, mortgage payables, notes payable, senior notes, convertible debentures, subordinated debentures, and secured or unsecured debt owed to banks or other financial institutions (ii) all Indebtedness of the Borrower whether or not so classified, including, without limitation, all outstanding Loans under this Agreement, (iii) the balance available for drawing under letters of credit issued for the account of the Borrower and (iv) Borrower's Unconsolidated Entity Percentage of the Indebtedness of all Unconsolidated Entities.
Total Liabilities. The aggregate of all debts a school is responsible for. Total Margin: Total revenues less total expenses.
Total Liabilities. Permit DFC on a consolidated basis (excluding any Subsidiaries that are not primarily engaged primarily in the business of mortgage banking as reasonably determined by the Agent) to incur Total Liabilities in excess of the sum of (i) one hundred percent (100%) of "Cash" or "Cash equivalents"; (ii) ninety-five percent (95%) of the sum of "Mortgage Loans held for sale", "Mortgage-backed securities held for trading" (but excluding "interest only securities" included therein), and "Securities available for sale"; (iii) ninety percent (90%) of "Accrued interest receivable"; (iv) ninety percent (90%) of "Securities held to maturity" provided that such securities are tax-exempt investments for the Borrowers, including GNMA, FNMA and FHLMC mortgage-backed securities, collateralized mortgage obligations that are backed by GNMA, FNMA or FHLMC mortgage-backed securities and are rated AAA by Standard & Poor's Corporation and by Moodx'x Xxxestors Service, and securities issued by the United States Treasury or an agency of the United States Government; (v) eighty percent (80%) of "prepaid and other assets" (excluding investment in any Subsidiary of either Borrower) and mortgage-backed securities that are not tax-exempt and rated AAA by Standard & Poor's Corporation and by Moodx'x Xxxestors Service (including collateralized mortgage obligations); (vi) fifty percent (50%) of the sum of (A) "Property, leasehold improvements and equipment" and (B) "Real estate held for sale"; (vii) sixty-five percent (65%) of "interest only securities"; (viii) one percent (1.0%) of the principal amount of Mortgage Loans owned by Persons not affiliated with DFC or DMC or any of their Affiliates (unless covered by a Permitted Affiliate Servicing Agreement) for which DFC or DMC owns the direct servicing rights (excluding subservicing); and (ix) eighty percent (80%) of "loans receivable". All quoted terms used in the preceding sentence shall have the same meanings, and shall continue to be calculated and classified in the same manner, as the terms used in the statement of financial condition of DFC and its consolidated Subsidiaries referred to in Section 4.4(a).
Total Liabilities. The Borrower shall not permit the Consolidated Total Liabilities of the Borrower and its Subsidiaries to be greater than 5 times the Consolidated Cash Flow of the Borrower and its Subsidiaries. In the event that a parcel of Real Estate has only been owned by the Borrower or a Subsidiary for a portion of the period for which data is needed to test compliance with this covenant, the Borrower shall annualize the data which is available in such manner as the Agent determines in its sole discretion so as to allow the test to be performed with respect to the full period.
Total Liabilities. As of any date of determination, the sum of (i) the total liabilities of Seller on any given date of determination, to be determined in accordance with GAAP consistent with those applied in the preparation of Seller’s financial statements, plus (ii) to the extent not already included under GAAP, the total aggregate outstanding amount owed by Seller under any purchase, repurchase, refinance or other similar credit arrangements, plus (iii) to the extent not already included under GAAP, any “off balance sheet” purchase, repurchase, refinance or other similar credit arrangements, minus (iv) non-recourse debt.
Total Liabilities. All items required by GAAP to be set forth as "liabilities" on the Borrower's and its Restricted Subsidiaries' consolidated balance sheet.
