Discretionary Cash Flow means, as of any time of determination, an amount equal to (a) EBITDA for the most recently ended fiscal quarter for which financial statements have been delivered pursuant to Sections 8.01(a) or 8.01(b), minus (b) the sum, without duplication, of (i) interest expense actually paid in cash by the Borrower and its Consolidated Restricted Subsidiaries during such fiscal quarter, (ii) taxes actually paid in cash by the Borrower and its Consolidated Restricted Subsidiaries during such fiscal quarter, (iii) Permitted Tax Distributions actually made in cash by the Borrower to the Parent during such fiscal quarter (other than, during the Specified Unrestricted Period, any such Permitted Tax Distributions in respect of the Xxxxxxx Entities that are Unrestricted Subsidiaries for which one or more corresponding Xxxxxxx Unrestricted Subsidiary Distributions were made to fund such Permitted Tax Distributions and such Permitted Tax Distributions were funded within five (5) Business Days after the Borrower’s or a Consolidated Restricted Subsidiary’s receipt of the corresponding Xxxxxxx Unrestricted Subsidiary Distribution) and (iv) Operational Capital Expenditures actually paid in cash by the Borrower and its Consolidated Restricted Subsidiaries during such fiscal quarter.
Discretionary Cash Flow. “(other than, during the Specified Unrestricted Period, any such Permitted Tax Distributions in respect of the Xxxxxxx Entities that are Unrestricted Subsidiaries for which one or more corresponding Xxxxxxx Unrestricted Subsidiary Distributions were made to fund such Permitted Tax Distributions and such Permitted Tax Distributions were funded within five (5) Business Days after the Issuer’s or a Consolidated Restricted Subsidiary’s receipt of the corresponding Xxxxxxx Unrestricted Subsidiary Distribution)”.
Discretionary Cash Flow means average of net cash provided by operating activities from the Consolidated Statement of Cash Flows less changes in assets and liabilities included in the Operating Activities section of the Consolidated Statement of Cash Flows for the performance period.
Examples of Discretionary Cash Flow in a sentence
These non-GAAP financial measures may include, but are not limited to, Adjusted Net Income (Loss), Discretionary Cash Flow, Free Cash Flow, Adjusted EBITDAX, Net Debt and related statistics.
Discretionary Cash Flow is a supplemental financial measure used by the company’s management and by securities analysts, investors, lenders, rating agencies and others who follow the industry as an indicator of the company’s ability to internally fund exploration and development activities.
Therefore, the company’s Discretionary Cash Flow may not be comparable to similarly titled measures used by other companies.
To further the comparability of EOG’s financial results with those of EOG’s peer companies and other companies in the industry, EOG now utilizes Cash Flow from Operations Before Working Capital (Non-GAAP), instead of Discretionary Cash Flow (Non-GAAP), in calculating its Free Cash Flow (Non-GAAP).
The table below reconciles the most directly comparable GAAP financial measure to Discretionary Cash Flow.
More Definitions of Discretionary Cash Flow
Discretionary Cash Flow means, as of any Repayment Date, all funds remaining in the Project Control Account on such date after the withdrawals specified in Section 4.1(a) through (e) of the Deposit Agreement are made.
Discretionary Cash Flow as to the Borrower and its consolidated Subsidiaries (a) the Consolidated EBITDA of the Borrower for the fiscal year ending December 31, 2003 minus (b) the sum of (i) the Consolidated Interest Expense of the Borrower and its consolidated Subsidiaries for such fiscal year to the extent paid (or required to be paid) in cash during such fiscal year and (ii) the income tax expense of the Borrower and its consolidated Subsidiaries for such fiscal year to the extent paid (or required to be paid) in cash during such fiscal year.
Discretionary Cash Flow means, for any period, Net Revenues for such period less Debt Service for such period.
Discretionary Cash Flow means Net Cash Flow From Operating Activities before working capital changes, plus Cash Exploration Expenses.
Discretionary Cash Flow with respect to the Corporation and each Peer Company means net income, excluding any income from discontinued operations or extraordinary, one-time, or non-recurring items, (i) plus all non-cash charges before changes in working capital subtracted in calculating net income (including without limitation depreciation, depletion, amortization, amortization of deferred revenue from volumetric production payments, deferred taxes, exploration expense, dry hole and abandonment expenses, and losses on the sale of assets), (ii) plus, without duplication, any compensation expense relating to Special Management Rights, stock options or stock repurchase rights, (iii) minus all non-cash gains included in net income (including without limitation gains on the sale of assets), and (iv) minus the amount of any dividends on nonconvertible preferred stock accrued and actually paid to the holder or holders thereof.
Discretionary Cash Flow means, in all cases with respect to the operations of the Facilities, EBIT plus depreciation and amortization, less capital expenditures, scheduled term loan payments (both principal and interest), and federal and state income taxes payable (based on the actual taxable income resulting from all operations of the Facilities as determined by the Company at the tax rates for the fiscal year in question applicable to the beneficial owners of the Company).
Discretionary Cash Flow means, for any Fiscal Quarter, an amount equal to (a) EBITDA for such Fiscal Quarter, minus (b) the sum, without duplication, of (i) interest expense actually paid in cash by the Issuer and its Consolidated Restricted Subsidiaries during such Fiscal Quarter, (ii) taxes actually paid in cash by the Issuer and its Consolidated Restricted Subsidiaries during such Fiscal Quarter, (iii) Permitted Tax Distributions actually made in cash by the Issuer to the Parent during such Fiscal Quarter and (iv) Operational Capital Expenditures actually paid in cash by the Issuer and its Consolidated Restricted Subsidiaries during such Fiscal Quarter.