Operating Revenues and Expenses Sample Clauses

Operating Revenues and Expenses. The System reported non-operating income of $135.7 million for 2023 compared to the $193.1 million non-operating loss reported in 2022, a change of $328.8 million primarily attributable to the 2023 recovery of the fair market value of investments following challenging market volatility in 2022 that resulted in $305.4 million in unrealized losses on investments. Additionally, the System recognized a $25.5 million gain on the sale of its PSN membership to Simply in 2023. Total 2022 non-operating loss reflected a $360.7 million, or 215.3%, decrease from the prior-year non-operating income, primarily attributable to net unrealized losses resulting from changes in the fair market value of investments, which may vary significantly from year to year dependent on financial market performance. Total investment income decreased in 2022 by $371.4 million. 2022 investment income included unrealized losses of $305.4 million and investment income and realized gains of $105.0 million, a decrease of $417.1 million, and an increase of $45.7 million over 2021 amounts, respectively. The System recognized federal and state appropriations of $15.0 million in 2022. Interest expense increased by $2.9 million to $32.4 million in 2022, compared to $29.5 million in 2021. Below is a table outlining the System’s Board-defined and monitored operating ratios. Thes▇ ▇▇▇ios are compared with ▇▇▇▇▇’s A-rated hospitals. ▇▇ar ended September 30, Moody’s Median 2022 (%) 2023 (%) *As Adjusted 2022 (%) 2021 (%) Profitability Ratios Operating margin (1) 0.1 1.5 5.6 7.7 Excess margin (2) 2.7 7.0 (0.1) 14.5 EBITDA margin (3) 5.6 7.7 11.3 14.5 Liquidity Ratios Day’s cash on hand 206.5 198.5 218.3 279.5 Cushion ratio 24.9 9.6 15.2 20.1 Cash-to-debt 173.7 146.7 143.8 175.9 Capitalization Ratios Debt to capitalization 31.8 30.3 33.2 30.6 Annual debt service coverage 4.5 2.7 5.0 5.8 Debt-to-cash flow 3.6 3.4 2.4 2.3 * Balances for the year ended September 30, 2022 were adjusted for the adoption of GASB 96.
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Operating Revenues and Expenses. Sellers shall be entitled to all operating revenues attributable to the operation of the Property and shall be responsible for all operating expenses and related accounts payable arising in the ordinary course of business attributable to the Properties, in each case to the extent they relate to the time prior to the Effective Time. Buyer shall be entitled to all operating revenues and shall be responsible for the payment of all operating expenses and related accounts payable arising in the ordinary course of business attributable to the Properties, in each case to the extent they relate to time after the Effective Time. The actual amounts or values associated with the above shall be accounted for to the extent known in the Preliminary Settlement Statement with the final reconciliation contained in the Final Accounting Settlement.
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Operating Revenues and Expenses. BY SEGMENTS -------------------------------------------- The following segment information reflects operating revenues, operating expenses and gross margins for the three months ended March 31, 1995 and 1994. Refining Gas Plants Total ------------ ---------- ------------ March 31, 1995 ------------------------------------------ Operating Revenues $ 29,359,316 $ 603,645 $ 29,962,961 Operating Expenses 25,223,910 576,076 25,799,986 ------------ ---------- ------------ Gross Margin $ 4,135,406 $ 27,569 $ 4,162,975 ============ ========== ============ March 31, 1994 ------------------------------------------ Operating Revenues $ 28,877,145 $ 617,907 $ 29,495,052 Operating Expenses 23,429,533 623,275 24,052,808 ------------ ---------- ------------ Gross Margin $ 5,447,612 $ (5,368) $ 5,442,244 ============ ========== ============
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Related to Operating Revenues and Expenses

  • Revenues and Expenses (a) Except as expressly provided otherwise in Section 7.1 or otherwise in this Agreement, Contributor or its applicable Affiliate shall remain entitled to all of the rights of ownership (including the right to all proceeds) and shall remain responsible for all Operating Expenses, in each case attributable to the Gathering and Compression Assets for the period of time prior to the Effective Time. Except as expressly provided otherwise in Section 7.1, NewCo shall be entitled to all of the rights of ownership (including the right to all proceeds), and shall be responsible for all Operating Expenses, in each case attributable to the Gathering and Compression Assets from and after the Effective Time. (b) If any Party (or NewCo) receives monies that, in accordance with the principles set forth in Section 2.4(a), belong to the other Party (or NewCo), then the receiving party shall, within 30 days after the end of the month in which such amounts were received, pay such amounts to the proper party. If any Party (or NewCo) pays monies for Operating Expenses which are the obligation of the other Party (or NewCo), then such other Party (or NewCo, as applicable) shall, within 30 days after the end of the month in which the applicable invoice and proof of payment of such invoice were received, reimburse the party that paid such Operating Expenses. If a Party (or NewCo) receives an invoice of an expense or obligation which is owed by the other Party (or NewCo), such party receiving the invoice shall promptly forward such invoice to the party obligated to pay the same. If an invoice or other evidence of an obligation is received by a Party (or NewCo), which is partially an obligation of both Contributor and NewCo, then the Parties and NewCo shall consult among themselves, and each shall promptly pay its portion of such obligation to the obligee. (c) Each of Contributor, Antero Midstream and NewCo shall be permitted to offset any Operating Expenses owed by such party to any other party pursuant to this Section 2.4 against revenues owing by that party to the first party pursuant to this Section 2.4, but not otherwise.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Covered Expenses Supervisors must have received prior authorization from their Appointing Authority before incurring any expenses authorized by this Article.

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.