Total Liabilities. STOCKHOLDERS' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred Stockholders' Equity...................... Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock (par value $1.33 1/3 per share; 66 66 authorized: 1,000,000,000 shares; issued: 472,660,324 shares).............................. 630 630 Paid-in capital................................... 1,427 1,001 Accumulated other comprehensive loss (net of tax). (122) (47) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 Less: Treasury stock, at cost: 1998--116,376,259 shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions..................... 668 438 ------- ------- Total Common Stockholders' Equity................... 9,707 8,114 ------- ------- Total Stockholders' Equity.......................... 10,132 8,539 ------- ------- Total Liabilities and Stockholders' Equity.......... $92,594 $89,689 ======= ======= CONDENSED STATEMENTS OF CASH FLOWS (Parent Company Only) Year Ended Last Friday in December ---------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earnings: Equity in earnings of affiliates..... (1,727) (2,222) (1,878) Other................................ (183) 103 50 (Increase) decrease in operating Dividends and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided by Operating ----------- ----------- ----------- Activities.......................... CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- Proceeds from (payments for): Loans to affiliates, net of payments............................ 774 (22,164) (17,299) Investments in affiliates, net of
Appears in 1 contract
Samples: Annual Report
Total Liabilities. STOCKHOLDERS23,698 -------- 388,264 -------- 26,185 -------- 315,177 -------- Shareholders' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred Stockholders' Equity...................... equity Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock (, par value $1.33 1/3 .01 per shareshare Shares authorized 1996 - 75,000,000; 66 66 authorized: 1,000,000,000 shares1995 - 50,000,000 Shares issued and outstanding 1996 - 28,925,867; issued: 472,660,324 shares).............................. 630 630 Paid1995 - 28,695,426 . . 289 287 Additional paid-in capital................................... 1,427 1,001 . . . . . . . . . . . 89,657 86,022 Retained earnings . . . . . . . . . . . . . . . 105,238 67,729 Accumulated other comprehensive loss 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 of tax). ............... (122509) (47) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 Less: Treasury stock, at cost: 1998--116,376,259 shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions..................... 668 438 ------- ------- Total Common Stockholders' Equity................... 9,707 8,114 ------- ------- Total Stockholders' Equity753 559 -------- Income before interest expense and income taxes ............................. 97,796 -------- 86,991 -------- 66,097 Interest expense .......................... 10,132 8,539 ------- ------- Total Liabilities and Stockholders' Equity.......... $92,594 $89,689 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 ======== ======== CONDENSED ======== 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................................ 33,610 33,610 Balance, December 31, 1994................ 85,134 33,490 (2,319) 116,305 Issuance of 77,461 shares of common stock from exercise of stock options........... 1,175 1,175 Cash dividends declared - $.39 per common share outstanding........................ (11,086) (11,086) Unrealized translation adjustment........ (774) (774) Net income................................ 45,325 45,325 Balance, December 31, 1995................ 86,309 67,729 (3,093) 150,945 Issuance of 113,550 shares of common stock related to an acquisition................ 2,271 2,271 Issuance of 116,891 shares of common stock from exercise of stock options..... 1,366 1,366 Cash dividends declared - $.44 per common share outstanding........................ (12,689) (12,689) Unrealized translation adjustment......... 3,418 3,418 Net income................................ 50,198 50,198 Balance, December 31, 1996................ $ 89,946 ========= $105,238 ======== $ 325 ======== $195,509 ======== See Notes to Consolidated Financial Statements. IDEX CORPORATION AND SUBSIDIARIES STATEMENTS OF CONSOLIDATED CASH FLOWS (Parent Company Onlyin thousands) Year Ended Last Friday [IDEX LOGO] For the years ended December 31, 1996 1995 1994 Cash flows from operating activities Net income . . . . . . . . . . . . . . . . . . . . . . . . . $ 50,198 $ 45,325 $ 33,610 Adjustments to reconcile net income to net cash flows from operating activities Depreciation and amortization . . . . . . . . . . . . . . 14,310 10,940 9,671 Amortization of intangibles . . . . . . . . . . . . . . . 8,258 5,558 4,025 Amortization of debt issuance expenses . . . . . . . . . . 640 624 619 Deferred income taxes . . . . . . . . . . . . . . . . . . 5,474 2,297 2,711 Increase in December ---------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earnings: Equity in earnings of affiliates..... receivables . . . . . . . . . . . . . . . . . (1,7274,124) (2,2225,045) (1,8787,611) Other................................ (183) 103 50 (Increase) decrease in inventories . . . . . . . . . . . . 19,324 (10,222) 415 Increase (decrease) in trade accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . (3,136) 812 8,292 Increase (decrease) in accrued expenses . . . . . . . . . (2,564) 4,331 141 Other transactions - net . . . . . . . . . . . . . . . . . 4,084 470 654 Net cash flows from operating Dividends activities . . . . . . . . . 92,464 55,090 52,527 Cash flows from investing activities Additions to property, plant and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided by Operating ----------- ----------- ----------- Activities.......................... CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- Proceeds from equipment . . . . . . . . . (payments for): Loans to affiliates, 13,769) (13,002) (8,896) Acquisition of businesses (net of payments............................ 774 cash acquired) . . . . . . . . . . . . . . . . . . (22,164132,584) (17,29969,760) Investments (91,558) Net cash flows from investing activities . . . . . . . . (146,353) (82,762) (100,454) Cash flows from financing activities Net borrowings under the credit agreements . . . . . . . . 64,586 37,968 50,000 Increase in affiliates, net ofaccrued interest . . . . . . . . . . . . . . . . 939 50 702 Net cash flows from financing activities . . . . . . . . . 53,247 27,321 50,702 Net increase (decrease) in cash . . . . . . . . . . . . . . . (642) (351) 2,775 Cash and cash equivalents at beginning of year. . . . . . . . . 5,937 6,288 3,513 Cash and cash equivalents at end of year. . . . . . . . . . . . $ 5,295 $ 5,937 $ 6,288 ======== ======== ======== See Notes to Consolidated Financial Statements. IDEX CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands except share and per share amounts)
Appears in 1 contract
Samples: Annual Report
Total Liabilities. STOCKHOLDERS' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred Commitments and contingencies (Note 4) 1,455 --------- 24,544 --------- 3 -------- 3,750 -------- Convertible preferred stock: outstanding: 25,788 and 16,253 shares at December 31, 2000 and 1999, respectively, (aggregate liquidation preference: $134,306 and $32,996 at December 31, 2000 --------- -------- 130,691 32,755 Stockholders' Equity...................... deficit: Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock (: $0.0001 par value $1.33 1/3 per sharevalue; 66 66 authorizedAuthorized: 1,000,000,000 120,000 shares; issuedIssued and outstanding: 472,660,324 shares).............................. 630 630 Paid9,622 and 5,644 shares --------- -------- at December 31, 2000 and 1999, respectively............ 1 1 Additional paid-in capital................................... 1,427 1,001 .............................. 105,828 2,219 Deferred stock-based compensation....................... (80,160) (1,780) Notes receivable from stockholders...................... (1,814) -- Accumulated other comprehensive loss income.................. 73 -- Accumulated deficit..................................... (net of tax). (122108,602) (4719,854) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 Less: Treasury --------- -------- Total stockholders' deficit............................ (84,674) (19,414) Total liabilities, convertible preferred stock, at cost--------- -------- The accompanying notes are an integral part of these consolidated financial statements. ALIGN TECHNOLOGY, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year Ended December 31, ---------------------------- 2000 1999 1998 -------- ------- Revenues: 1998--116,376,259 shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions..................... 668 438 ------- Revenue--Invisalign............................ $ 5,436 $ 98 $ -- Revenue--Ancillary products.................... 1,305 313 -- -------- ------- Total Common Stockholders' Equity................... 9,707 8,114 revenues............................... 6,741 411 -- Cost of revenues: Cost of revenue and manufacturing costs-- --------- -------- ------- -------- ------- Total Stockholders' Equity.......................... 10,132 8,539 cost of revenues....................... 20,251 1,754 -- -------- ------- Gross loss....................................... (13,510) (1,343) -- Operating expenses: Sales and marketing............................ 40,445 5,688 133 General and administrative..................... 17,991 3,474 2,344 Research and development....................... 9,169 4,200 1,474 -------- ------- Total Liabilities and Stockholders' Equity.......... operating expenses..................... 67,605 13,362 3,951 -------- ------- Loss from operations............................. (81,115) (14,705) (3,951) Interest income................................ 2,306 362 185 Interest expense............................... (9,807) (986) -- Other expense.................................. (132) (86) (9) -------- ------- Net loss......................................... (88,748) (15,415) (3,775) Dividend related to beneficial conversion feature of preferred stock.............................. (53,516) -- -- -------- ------- Net loss available to common stockholders........ $92,594 (142,264) $89,689 (15,415) $(3,775) ========= ======== ======= CONDENSED Net loss per share available to common stockholders, basic and diluted................. $ (25.64) $ (3.65) $ (1.33) ========= ======== ======= Shares used in computing net loss per share available to common stockholders, basic and ALIGN TECHNOLOGY, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (Parent Company Only) Year Ended Last Friday in STOCKHOLDERS' DEFICIT Common Stock Additional Deferred Receivable Other -------------- Paid-In Stock-based from Comprehensive Accumulated Shares Amount Capital Compensation Stockholders Income Deficit Total Balance at December ---------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earnings: Equity in earnings of affiliates..... (1,727) (2,222) (1,878) Other................................ (183) 103 50 (Increase) decrease in operating Dividends and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided by Operating ----------- ----------- ----------- Activities.......................... CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- Proceeds from (payments for): Loans to affiliates, net of payments............................ 774 (22,164) (17,299) Investments in affiliates, net of31,
Appears in 1 contract
Samples: Annual Report
Total Liabilities. STOCKHOLDERS' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred Stockholders' Equity...................... Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock (par value $1.33 1/3 per share; 66 66 authorized: 1,000,000,000 shares; issued: 472,660,324 shares).............................. 630 630 Paid-in capital................................... 1,427 1,001 7,788 -------- 171,108 -------- 9,149 -------- 183,070 -------- 8,668 -------- 50,800 -------- Commitments and contingencies Accumulated other comprehensive loss income...................... (1,142) 2,355 -- Owners' investment.......................................... Total owners' net of tax). (122) (47) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 Less: Treasury stock, at cost: 1998--116,376,259 shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions..................... 668 438 ------- ------- investment...................... Total Common Stockholdersliabilities and owners' Equity................... 9,707 8,114 ------- ------- Total Stockholders' Equity.......................... 10,132 8,539 ------- ------- Total Liabilities and Stockholders' Equity.......... net investment...... 327,642 -------- 326,500 -------- $92,594 $89,689 497,608 ======== 296,096 -------- 298,451 -------- $481,521 ======== CONDENSED 359,900 -------- 359,900 -------- $410,700 ======== EL PASO FIELD SERVICES SAN XXXX GATHERING AND PROCESSING BUSINESSES TYPHOON GAS PIPELINE TYPHOON OIL PIPELINE COASTAL LIQUIDS PARTNERS NGL BUSINESS COMBINED STATEMENTS OF INCOME (IN THOUSANDS) ------------------- ------------------------------ 0000 0000 0000 2000 1999 -------- -------- -------- -------- Operating revenues Gathering and processing................ $94,683 $77,045 $308,666 $202,048 $146,088 Liquid transportation and fractionation........................ 2,259 3,236 16,330 13,784 14,021 ------- ------- -------- -------- -------- Operating expenses 96,942 ------- 80,281 ------- 324,996 -------- 215,832 -------- 160,109 -------- Cost of natural gas and oil............. 68,039 18,708 140,924 51,472 26,271 Operation and maintenance............... 13,226 12,547 57,687 57,575 57,477 Depreciation and amortization........... 6,035 5,221 22,651 24,825 18,376 Taxes other than income................. 839 ------- 88,139 ------- 840 ------- 37,316 ------- 3,485 -------- 224,747 -------- 3,587 -------- 137,459 -------- 3,133 -------- 105,257 -------- Operating income.......................... 8,803 42,965 100,249 78,373 54,852 Earnings (loss)from unconsolidated affiliate............................... (70) 267 2,177 1,475 700 Net gain on sale of assets................ Earnings before income taxes.............. -- ------- 8,733 -- ------- 43,232 -- -------- 102,426 759 -------- 80,607 352 -------- 55,904 Income tax expense........................ Net income................................ 92 ------- $ 8,641 ======= -- ------- $43,232 ======= 23 -------- $102,403 ======== -- -------- $ 80,607 ======== 21,660 -------- $ 34,244 ======== EL PASO FIELD SERVICES SAN XXXX GATHERING AND PROCESSING BUSINESSES TYPHOON GAS PIPELINE TYPHOON OIL PIPELINE COASTAL LIQUIDS PARTNERS NGL BUSINESS COMBINED STATEMENTS OF CASH FLOWS (Parent Company OnlyIN THOUSANDS) Year Ended Last Friday in December ---------------------------------- ------------------- ------------------------------- 0000 0000 0000 2000 1999 -------- --------- -------- -------- CASH FLOWS FROM OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earnings: Equity in income............................... Adjustments to reconcile net income to cash provided by operating activities Depreciation and amortization.......... Net gain on sale of assets............. Deferred income tax (benefit) expense............................. Distributed earnings of affiliates..... unconsolidated affiliate (1,727Earnings) loss from unconsolidated (352) -- -- -- (759) (2,222114) -- (114) -- 5,937 affiliate........................... 70 (267) (1,8782,177) Other................................ (1831,475) 103 50 (700) Distributions from unconsolidated affiliate........................... -- -- 2,500 1,000 -- Working capital changes: (Increase) decrease in operating Dividends accounts receivable........................ (23,314) (166) 6,155 (24,722) (3,215) (Increase) decrease in natural gas imbalance receivable.............. 7,306 3,763 (4,340) (1,063) (3,056) (Decrease) increase in accounts payable and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided other current liabilities....................... 964 (7,698) 19,838 11,839 2,445 (Decrease) increase in natural gas imbalance payable................. (11,210) (16,481) (8,455) 15,261 1,960 Increase in other current assets.... (433) (541) (218) -- -- Non-working capital changes: Net change in noncurrent liabilities....................... (2,857) 764 120,887 (4,693) 8,630 Net cash provided by Operating ----------- ----------- ----------- Activities.......................... (used in) -------- -------- --------- -------- -------- CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- -------- -------- --------- -------- -------- Capital expenditures..................... (7,993) (12,992) (77,523) (54,456) (26,694) Proceeds from the sale of property, plant and equipment.......................... -- -- -- 490 426 Investment in transportation agreement... -- -- (payments for): Loans to affiliates, net of payments............................ 774 (22,16415,400) (17,2992,000) Investments -- Net cash used in affiliates, net ofinvesting -------- -------- --------- -------- -------- CASH FLOWS FROM FINANCING ACTIVITIES Net cash (distributions to) contributions -------- -------- --------- -------- -------- from owners............................ 22,905 (14,835) (166,207) (44,854) (38,001) Net cash provided by (used in) -------- -------- --------- -------- -------- Net change in cash and cash -------- -------- --------- -------- -------- equivalents............................ -- -- -- -- -- Cash and cash equivalents Beginning of period.................... -- -- -- -- -- -------- --------- -------- -------- EL PASO FIELD SERVICES SAN XXXX GATHERING AND PROCESSING BUSINESSES TYPHOON GAS PIPELINE TYPHOON OIL PIPELINE COASTAL LIQUIDS PARTNERS NGL BUSINESS COMBINED STATEMENTS OF OWNERS' NET INVESTMENT (IN THOUSANDS) 2002 2001 2000 1999 --------- -------- -------- Owners' investment Balance at beginning of period................ $296,096 $ 359,900 $263,834 $267,591 Net income.................................... 8,641 102,403 80,607 34,244 Net cash (distributions to) contributions from --------- -------- -------- Balance at end of period.............. 327,642 296,096 359,900 263,834 Accumulated other comprehensive income Balance at beginning of period................ 2,355 -- -- -- Other comprehensive income.................... (3,497) 2,355 -- -- --------- -------- -------- Balance at end of period.............. (1,142) 2,355 -- -- --------- -------- -------- EL PASO FIELD SERVICES SAN XXXX GATHERING AND PROCESSING BUSINESSES TYPHOON GAS PIPELINE TYPHOON OIL PIPELINE COASTAL LIQUIDS PARTNERS NGL BUSINESS COMBINED STATEMENTS OF COMPREHENSIVE INCOME AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (IN THOUSANDS) COMPREHENSIVE INCOME 0000 0000 0000 2000 1999 Net income.......................... $ 8,641 $43,232 $102,403 $80,607 $34,244 Other comprehensive income (loss)... (3,497) -- 2,355 -- -- Total comprehensive income.......... $ 5,144 ======= $43,232======= $104,758======== $80,607======= $34,244======= ACCUMULATED OTHER COMPREHENSIVE INCOME 0000 0000 0000 2000 1999 Beginning balance................... $ 2,355 $ -- $ -- $ -- $ -- Unrealized xxxx-to-market gains (losses) arising during the period......................... (9,360) -- 4,224 -- -- Reclassification adjustments for changes in initial value of derivative instruments to settlement date 5,863 -- (1,869) -- -- Ending balance $(1,142) ======= $ --======= $ 2,355======== $ --======= $ --======= EL PASO FIELD SERVICES SAN XXXX GATHERING AND PROCESSING BUSINESSES TYPHOON GAS PIPELINE TYPHOON OIL PIPELINE COASTAL LIQUIDS PARTNERS NGL BUSINESS NOTES TO COMBINED FINANCIAL STATEMENTS
Appears in 1 contract
Samples: Acquisition Agreement
Total Liabilities. STOCKHOLDERS' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred Commitments and contingencies (Note 4) 1,455 --------- 24,544 --------- 3 -------- 3,750 -------- Convertible preferred stock: outstanding: 25,788 and 16,253 shares at December 31, 2000 and 1999, respectively, (aggregate liquidation preference: $134,306 and $32,996 at December 31, 2000 --------- -------- 130,691 32,755 Stockholders' Equity...................... deficit: Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock (: $0.0001 par value $1.33 1/3 per sharevalue; 66 66 authorizedAuthorized: 1,000,000,000 120,000 shares; issuedIssued and outstanding: 472,660,324 shares).............................. 630 630 Paid9,622 and 5,644 shares --------- -------- at December 31, 2000 and 1999, respectively............ 1 1 Additional paid-in capital................................... 1,427 1,001 .............................. 105,828 2,219 Deferred stock-based compensation....................... (80,160) (1,780) Notes receivable from stockholders...................... (1,814) -- Accumulated other comprehensive loss income.................. 73 -- Accumulated deficit..................................... (net of tax). (122108,602) (4719,854) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 Less: Treasury --------- -------- Total stockholders' deficit............................ (84,674) (19,414) Total liabilities, convertible preferred stock, at cost--------- -------- The accompanying notes are an integral part of these consolidated financial Year Ended December 31, ---------------------------- 2000 1999 1998 -------- ------- Revenues: 1998--116,376,259 shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions..................... 668 438 ------- Revenue--Invisalign............................ $ 5,436 $ 98 $ -- Revenue--Ancillary products.................... 1,305 313 -- -------- ------- Total Common Stockholders' Equity................... 9,707 8,114 revenues............................... 6,741 411 -- Cost of revenues: Cost of revenue and manufacturing costs-- --------- -------- ------- -------- ------- Total Stockholders' Equity.......................... 10,132 8,539 cost of revenues....................... 20,251 1,754 -- -------- ------- Gross loss....................................... (13,510) (1,343) -- Operating expenses: Sales and marketing............................ 40,445 5,688 133 General and administrative..................... 17,991 3,474 2,344 Research and development....................... 9,169 4,200 1,474 -------- ------- Total Liabilities and Stockholders' Equity.......... operating expenses..................... 67,605 13,362 3,951 -------- ------- Loss from operations............................. (81,115) (14,705) (3,951) Interest income................................ 2,306 362 185 Interest expense............................... (9,807) (986) -- Other expense.................................. (132) (86) (9) -------- ------- Net loss......................................... (88,748) (15,415) (3,775) Dividend related to beneficial conversion feature of preferred stock.............................. (53,516) -- -- -------- ------- Net loss available to common stockholders........ $92,594 (142,264) $89,689 (15,415) $(3,775) ========= ======== ======= CONDENSED Net loss per share available to common stockholders, basic and diluted................. $ (25.64) $ (3.65) $ (1.33) ========= ======== ======= Shares used in computing net loss per share available to common stockholders, basic and ALIGN TECHNOLOGY, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (Parent Company Only) Year Ended Last Friday in STOCKHOLDERS' DEFICIT Common Stock Additional Deferred Receivable Other -------------- Paid-In Stock-based from Comprehensive Accumulated Shares Amount Capital Compensation Stockholders Income Deficit Total Balance at December ---------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earnings: Equity in earnings of affiliates..... (1,727) (2,222) (1,878) Other................................ (183) 103 50 (Increase) decrease in operating Dividends and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided by Operating ----------- ----------- ----------- Activities.......................... CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- Proceeds from (payments for): Loans to affiliates, net of payments............................ 774 (22,164) (17,299) Investments in affiliates, net of31,
Appears in 1 contract
Samples: Annual Report
Total Liabilities. STOCKHOLDERS' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred StockholdersShareholders' Equity...................... Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock : 46,780 ----------- $ 5,290,770 ----------- 25,888 ---------- $3,609,332 ---------- Class A ordinary shares (par value $1.33 1/3 per share0.01; 66 66 authorized: 1,000,000,000 , 999,990,000 shares including Class B shares; issuedissued and outstanding, 108,688,081 shares and 84,407,638 shares at November 30, 1998 and 1997, respectively).. 1,087 844 Net unrealized appreciation on investments............ 159,953 188,444 Deferred compensation................................. (18,104) (11,362) Retained earnings..................................... 2,385,457 2,011,119 ----------- ---------- Total shareholders' equity........................ $ 4,817,880 $2,479,130 ----------- ---------- See accompanying notes to Consolidated Financial Statements XL CAPITAL LTD CONSOLIDATED STATEMENTS OF INCOME 1998 1997 1996 --------- -------- Revenues: 472,660,324 Net premiums earned............................ $ 685,200 $ 540,653 $517,892 Net investment income.......................... 279,375 216,552 198,598 Net realized gains on sales of investments..... 191,795 335,939 206,212 Equity in net income of affiliates............. 47,980 65,882 59,249 Fee and other income........................... 13,298 -- -- --------- -------- Total revenues............................... 1,217,648 1,159,026 981,951 Expenses: --------- --------- -------- Losses and loss expenses....................... 390,483 365,325 405,357 Acquisition costs.............................. 88,596 46,108 35,556 Administration expenses........................ 109,268 52,557 43,920 Interest expense............................... 11,523 7,176 -- Amortization of intangible assets.............. 23,926 5,844 -- --------- -------- Total expenses............................... 623,796 477,010 484,833 Income before minority interest and income tax --------- --------- -------- expense......................................... 593,852 682,016 497,118 Minority interest in net income of subsidiary.. 826 (30) -- Income tax expense............................. 5,363 5,085 2,805 --------- -------- Weighted average ordinary shares and ordinary Weighted average ordinary shares and ordinary Earnings per ordinary share and ordinary share Earnings per ordinary share and ordinary share See accompanying notes to Consolidated Financial Statements 36 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME 1998 1997 1996 ---------- ---------- Ordinary Shares: Balance-beginning of year................ $ 844 $ 872 $ 473 Issue of shares).............................. 630 630 Paid-in capital................................... 1,427 1,001 Accumulated other comprehensive loss .......................... 12 3 1 Issue of shares--Mid Ocean acquisition... 303 -- -- Stock dividend........................... -- -- 441 Exercise of stock options................ 3 3 4 Repurchase of treasury shares............ (net of tax). 44) (12234) (47) ---------- ---------- Balance-end of year.................... 1,118 844 872 Contributed Surplus: ---------- ---------- ---------- Balance-beginning of year................ 290,085 282,980 295,209 Issue of shares.......................... 88,959 10,771 7,493 Issue of shares Mid Ocean acquisition.... 2,189,414 -- -- Exercise of stock options................ 9,147 6,277 6,045 Repurchase of treasury shares............ (288,149) (9,943) (25,767) ---------- ---------- Balance-end of year.................... 2,289,456 290,085 282,980 Net Unrealized Appreciation (Depreciation) on Investments: ---------- ---------- ---------- Balance-beginning of year................ 188,444 256,430 283,289 Net change in investment portfolio....... (24,194) (82,521) (26,621) Net change in investment portfolio of affiliate............................... (4,297) 14,535 (238) ---------- ---------- Balance-end of year.................... 159,953 188,444 256,430 Deferred Compensation: ---------- ---------- ---------- Balance-beginning of year................ (11,362) (4,169) (1,657) Issue of restricted shares............... (11,103) (10,387) (3,799) Amortization............................. 4,361 3,194 1,287 ---------- ---------- Balance-end of year.................... (18,104) (11,362) (4,169) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 LessEarnings: Treasury stock, at cost---------- ---------- ---------- Balance-beginning of year................ 2,011,119 1,579,925 1,428,819 Net income............................... 587,663 676,961 494,313 Cash dividends paid...................... (150,294) (115,372) (86,586) Repurchase of treasury shares............ (63,031) (130,395) (256,621) ---------- ---------- Balance-end of year.................... 2,385,457 2,011,119 1,579,925 ---------- ---------- Comprehensive Income: 1998Net income............................... 587,663 676,961 494,313 Change in net unrealized appreciation (depreciation) of investments........... (28,491) (67,986) (26,859) ---------- ---------- See accompanying notes to Consolidated Financial Statements 37 XL CAPITAL LTD CONSOLIDATED STATEMENTS OF CASH FLOWS 1998 1997 1996 ----------- ---------- Cash flows provided by operating activities: Net income before minority interest. $ 588,489 $ 676,961 $ 494,313 Adjustments to reconcile net income before minority interest to net cash provided by operating activities: Net realized gains on sales of ----------- ----------- ---------- investments.......................... (191,795) (335,939) (206,212) Amortization of (discounts) premium on fixed maturities..................... (12,953) (2,163) 7,021 Equity in net income of affiliates net of cash received..................... (23,585) (34,395) (44,329) Amortization of deferred compensation. 4,361 3,194 1,287 Amortization of intangible assets..... 23,926 5,844 -- Unpaid losses and loss expenses....... 179,075 208,565 178,596 Reinsurance balances receivable....... (144,910) (109,581) (45,442) Unearned premiums..................... (16,751) (178,584) 140,239 Prepaid reinsurance premiums.......... 2,973 (45,449) (61,029) Premiums received in advance.......... (21,539) 16,450 19,376 Deferred acquisition costs............ (3,818) 17,292 10,571 Premiums receivable................... 21,375 154,521 (111,054) Reinsurance premiums payable.......... 761 37,958 30,524 Accrued investment income............. 10,691 10,729 (2,580) Accounts payable and accrued liabilities.......................... 15,570 2,839 11,188 ----------- ---------- Total adjustments................... (156,619) (248,719) (71,844) Net cash provided by operating ----------- ----------- ---------- activities......................... 436,870 428,242 422,469 Cash flow used in investing activities: Proceeds from sale of fixed maturities ----------- ----------- ---------- and short--116,376,259 term investments........... 13,709,343 10,332,277 4,283,613 Proceeds from redemption of fixed maturities and short-term investments.......................... 530,415 108,220 119,706 Proceeds from sale of equity securities........................... 850,748 1,164,483 591,366 Purchases of fixed maturities and Deferred gains on forward contracts... (12,295) 7,049 418 Investments in affiliates............. (1,126) (43,184) (19,131) Purchase of GCR Holdings Limited...... -- (660,137) -- Cash acquired in purchase of Mid Ocean Limited.............................. 137,483 -- -- Other investments..................... 1,836 154 (13,736) Other assets.......................... (8,537) (24,185) (20,208) Net cash used in investing ----------- ----------- ---------- activities......................... (69,414) (193,188) (492,332) Cash flows used in financing activities: ----------- ----------- ---------- Issuance of restricted shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions......... 514 387 695 Proceeds from exercise of share Proceeds from loans................... 655,000 530,000 11,000 Repayment of loans.................... (495,000) (400,000) -- Minority interest..................... 668 438 ------- ------- Total Common Stockholders' Equity................... 9,707 8,114 ------- ------- Total Stockholders' Equity.......................... 10,132 8,539 ------- ------- Total Liabilities 20,066 25,888 -- Net cash used in financing ----------- ----------- ---------- activities......................... (313,401) (93,189) (350,836) Increase (decrease) in cash and Stockholders' Equity.......... $92,594 $89,689 cash ----------- ----------- ---------- equivalents............................ 49,055 141,865 (420,699) Cash and cash equivalents--beginning of year................................... 394,599 252,734 673,433 ----------- ---------- Interest paid........................... $ 11,443 $ 5,824 $ -- =========== =========== CONDENSED STATEMENTS OF CASH FLOWS ========== For the Years Ended November 30, 1998, 1997 and 1996 (Parent Company Only) Year Ended Last Friday Expressed in December ---------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earnings: Equity in earnings of affiliates..... (1,727) (2,222) (1,878) Other................................ (183) 103 50 (Increase) decrease in operating Dividends and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided by Operating ----------- ----------- ----------- Activities.......................... CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- Proceeds from (payments for): Loans to affiliates, net of payments............................ 774 (22,164) (17,299) Investments in affiliates, net ofU.S. dollars)
Appears in 1 contract
Samples: Annual Report
Total Liabilities. STOCKHOLDERS' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred Stockholders' Equity...................... Commitments and contingencies (Note 11)..................... 80,811 -------- 503,961 -------- -- -- ---- 500 ---- -- Minority interest........................................... Stockholders equity: 61,836 -------- 4 ---- Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock (par value $1.33 1/3 per share; 66 66 authorized: 1,000,000,000 shares; issued: 472,660,324 shares).............................. 630 630 Paid................................................ -- -- Additional paid-in capital................................... 1,427 1,001 .................................. 35,000 -- Accumulated other comprehensive loss deficit......................................... Total shareholders' equity.................................. Total liabilities and shareholders' equity.................. (net of tax). (1228,918) (47) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 Less: Treasury stock, at cost: 1998--116,376,259 shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions..................... 668 438 ------- ------- Total Common Stockholders' Equity................... 9,707 8,114 ------- ------- Total Stockholders' Equity.......................... 10,132 8,539 ------- ------- Total Liabilities and Stockholders' Equity.......... -------- 26,082 -------- $92,594 $89,689 591,879 ======== ===-- ---- -- ---- $504 ==== CONDENSED 48 AVALON CABLE OF MICHIGAN HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS OPERATIONS FOR THE PERIOD FROM FOR THE YEAR SEPTEMBER 4, 1997 ENDED (Parent Company OnlyINCEPTION) Year Ended Last Friday in December ---------------------------------- CASH FLOWS FROM THROUGH DECEMBER 31, 1998 DECEMBER 31, 1997 ----------------- ------------------- (DOLLARS IN THOUSANDS) REVENUE: Basic services............................................. $14,976 $ -- Premium services........................................... 1,468 -- Other...................................................... 1,743 -- ------- ------- 18,187 -- OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earningsEXPENSES: Equity in earnings of affiliates..... Selling, general and administrative........................ 4,207 -- Programming................................................ 4,564 -- Technical and operations................................... 1,951 -- Depreciation and amortization.............................. 8,183 -- ------- ------- Loss from operations....................................... (1,727718) -- Interest income............................................ 173 4 Interest expense........................................... (2,2228,223) -- Other expense, net......................................... (1,87865) Other-- ------- ------- Income (loss) before income taxes.......................... (8,833) 4 (Benefit) from income taxes................................ (1832,754) 103 50 -- Income (Increaseloss) decrease in operating Dividends before minority interest and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided by Operating ----------- ----------- ----------- Activities.......................... CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- Proceeds from extraordinary ------- ------- ------- ------- Income (payments for): Loans to affiliates, loss) before extraordinary item.................... (4,748) -- Extraordinary loss on extinguishment of debt (net of payments............................ 774 tax of $1,743).................................................. (22,1644,170) -- ------- ------- 49 AVALON CABLE OF MICHIGAN HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE PERIOD FROM SEPTEMBER 4, 1997 (17,299INCEPTION) Investments in affiliatesTHROUGH DECEMBER 31, net of1998 COMMON ADDITIONAL TOTAL SHARES COMMON PAID-IN ACCUMULATED SHAREHOLDERS' OUTSTANDING STOCK CAPITAL DEFICIT EQUITY ------ ---------- ----------- ------------- (IN THOUSANDS, EXCEPT SHARE AMOUNTS) Net income from date of inception
Appears in 1 contract
Samples: Annual Report
Total Liabilities. STOCKHOLDERS' EQUITY 57,129 ------- 82,462 ------- 42,988 ------- 81,150 ------- Preferred Commitments and contingencies 67,064 ---------- 1,740,688 ---------- 77,213 ---------- 2,677,003 ---------- Minority interests.................................... 55,292 120,776 Redeemable preferred stock............................ Stockholders' Equity...................... equity: 422,923 437,891 Common Stockholders' Equity 425 ------- 425 ------- Shares exchangeable into common stock............. Common stock (, $.01 par value $1.33 1/3 per sharevalue; 66 66 690,000,000 shares authorized: 1,000,000,000 sharesCommon Stock; shares issued: 472,660,324 shares).............................. 630 630 PaidDecember 31, 1999-- 146,074,905 and June 30, 2000--166,199,290......... 1,461 1,662 Class A Common Stock; shares issued: December 31, 1999--11,340,000 and June 30, 2000--none........... 113 -- Additional paid-in capital................................... 1,427 1,001 Accumulated other comprehensive loss ........................... 1,805,053 1,952,341 Cumulative foreign currency translation adjustment... (net of tax). (1223,013) (4716,143) Retained earnings................................. 10,475 9,579 ------- ------- 12,476 11,229 Less: Treasury stock, at cost: 1998--116,376,259 shares; 1997--133,400,971 shares......................................... 2,101 2,677 Employee stock transactions..................... 668 438 ------- ------- Accumulated deficit.................................. (185,867) (301,870) ---------- ---------- Total Common Stockholdersstockholders' Equity................... 9,707 8,114 ------- ------- Total Stockholders' Equity.......................... 10,132 8,539 ------- ------- Total Liabilities and Stockholders' Equity.......... equity........................ 1,617,747 1,635,990 ---------- ---------- $92,594 3,836,650 $89,689 4,871,660 ========== ========== CONDENSED STATEMENTS CROWN CASTLE INTERNATIONAL CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) (In thousands of dollars, except per share amounts) Three Months Ended Six Months Ended June 30, ------------------ 1999 2000 -------- -------- June 30, ------------------- 1999 2000 -------- --------- Net revenues: Site rental and broadcast transmission........................ $ 62,177 $109,503 $107,503 $ 203,244 Network services and other........... Operating expenses: 15,350 -------- 77,527 -------- 38,856 -------- 148,359 -------- 25,133 -------- 132,636 -------- 69,359 --------- 272,603 --------- Costs of operations (exclusive of depreciation and amortization): Site rental and broadcast transmission....................... 26,557 48,563 45,084 88,850 Network services and other.......... 8,175 20,007 15,157 35,908 General and administrative........... 9,238 19,495 17,542 34,348 Corporate development................ 2,066 2,122 2,940 4,193 Restructuring charges................ -- -- 1,814 -- Non-cash compensation charges........ 504 350 1,171 811 Depreciation and amortization........ 29,863 56,647 49,519 101,769 -------- -------- --------- 76,403 147,184 133,227 265,879 -------- -------- --------- Operating income (loss)............... 1,124 1,175 (591) 6,724 Other income (expense): Interest and other income (expense).. 4,539 6,665 4,879 12,369 Interest expense and amortization of deferred financing costs............ (26,556) (66,728) (37,842) (108,489) Loss before income taxes, minority interests, extraordinary item and cumulative effect of change in -------- -------- -------- --------- Loss before extraordinary item and cumulative effect of change in -------- -------- -------- --------- accounting principle................. (20,850) (59,230) (34,323) (91,290) Extraordinary item--loss on early extinguishment of debt............... -- -- -- (1,495) Cumulative effect of change in accounting principle for costs of start-up activities.................. -- -- (2,414) -- -------- -------- --------- Net loss.............................. (20,850) (59,230) (36,737) (92,785) Dividends on preferred stock.......... (6,614) (11,725) (13,022) (23,218) Net loss after deduction of dividends -------- -------- -------- --------- on preferred stock................... $(27,464) $(70,955) $(49,759) $(116,003) ======== ======== ======== ========= Net loss.............................. $(20,850) $(59,230) $(36,737) $ (92,785) Other comprehensive income (loss): Foreign currency translation adjustments......................... (3,577) (10,750) (8,320) (13,130) -------- -------- --------- Comprehensive loss.................... $(24,427) $(69,980) $(45,057) $(105,915) ======== ======== ======== ========= Per common share--basic and diluted: Loss before extraordinary item and cumulative effect of change in accounting principle................ $ (0.22) $ (0.43) $ (0.43) $ (0.71) Extraordinary item................... -- -- -- (0.01) Cumulative effect of change in accounting principle................ -- -- (0.02) -- -------- -------- --------- Net loss............................. $ (0.22) $ (0.43) $ (0.45) $ (0.72) ======== ======== ======== ========= Common shares outstanding--basic and CROWN CASTLE INTERNATIONAL CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Parent Company OnlyUnaudited) Year Six Months Ended Last Friday in December ---------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES 1998 ----------- 1997 ----------- 1996 ----------- Net earnings........................... $ 1,259 $ 1,935 $ 1,648 Noncash items included in earnings: Equity in earnings of affiliates..... (1,727) (2,222) (1,878) Other................................ (183) 103 50 (Increase) decrease in operating Dividends and partnership distributions from affiliates ...................... 868 1,126 1,367 Cash Provided by Operating June 30, ------------------------ 1999 2000 ----------- ----------- ----------- Activities.......................... CASH FLOWS FROM INVESTING ACTIVITIES 247 ----------- 756 ----------- 2,125 ----------- Proceeds Cash flows from (payments for): Loans to affiliates, net of payments............................ 774 (22,164) (17,299) Investments in affiliates, net ofoperating activities:
Appears in 1 contract
Samples: Quarterly Report
