Results of Operations Clause Samples
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Results of Operations. The following table presents selected historical results of operations of IES and subsidiaries with dollar amounts in thousands. These historical statements of operations include the results of operations for businesses acquired through purchases beginning on their respective dates of acquisition. 2001 ---------------- 2002 ---------------- (IN THOUSANDS) 2003 ---------------- Revenues........................... $1,693,213 100% $1,475,430 100% $1,448,553 100% Cost of services................... 1,385,589 82 1,253,844 85 1,241,330 86 ---------- --- ---------- --- ---------- --- Gross profit....................... 307,624 18 221,586 15 207,223 14 Selling, general and administrative expenses......................... 214,073 12 174,184 12 153,651 10 Restructuring charges.............. -- -- 5,556 -- -- -- Goodwill amortization.............. 12,983 1 -- -- -- -- ---------- --- ---------- --- ---------- --- Income from operations............. 80,568 5 41,846 3 53,572 4 Interest and other expense, net.... (26,187) (2) (25,738) (2) (24,963) (2) Income before income taxes and ---------- --- ---------- --- ---------- --- cumulative effect of change in accounting principle............. 54,381 3 16,108 1 28,609 2 Provision for income taxes......... Cumulative effect of change in 25,671 1 6,175 - 8,179 1 accounting principle, net of tax.............................. -- -- 283,284 19 -- -- ---------- --- ---------- --- ---------- --- Net income (loss).................. $ 28,710 2% $ (273,351) (18)% $ 20,430 1% ========== === ========== === ========== === YEAR ENDED SEPTEMBER 30, 2003 COMPARED TO YEAR ENDED SEPTEMBER 30, 2002 REVENUES YEAR ENDED SEPTEMBER 30, 2002 2003 2003 Commercial and Industrial.................................. 81% 81% (2)% Residential................................................ 19% 19% (2)% --- --- -- Total Company.............................................. 100% 100% (2)% === === == Revenues decreased $26.8 million, or 2%, from $1,475.4 million for the year ended September 30, 2002 to $1,448.6 million for the year ended September 30, 2003. The decrease in total revenues is the result of $41.6 million in lost revenues on divested or closed companies that were included in revenues for the year ended September 30, 2002, but not during the year ended September 30, 2003. These lost revenues were partially offset by $32.2 million of revenues from an acquisition during the year ended September 30, 2003. The decline in commercial and industrial reve...
Results of Operations. Year ended September 2017 compared with year ended September 2016 (consolidated results)
Results of Operations. The Parties have displayed their agreement regarding the fundamental ratemaking metrics at issue in this proceeding in Attachment 2. The Parties’ agreement does not extend to any figures that are not displayed in Attachment 2.
Results of Operations. Overview of the Three and Six Months Ended June 30, 2015 and 2014 Overview of the Years Ended December 31, 2014 and December 31, 2013 Overview of the Three and Six Months Ended June 30, 2015 and 2014
Results of Operations. The following table sets forth for the periods indicated selected financial data and the percentage of the Company's net sales represented by each income statement line item presented. AS A PERCENTAGE OF NET SALES YEAR ENDED DECEMBER 31, 1996 1995 1994 Net sales................................................................................ 100.0% 100.0% 100.0% Cost of products sold.................................................................... 67.1 69.3 66.3 Gross profit............................................................................. 32.9 30.7 33.7 Selling, general and administrative expenses............................................. 5.8 5.5 5.7 Depreciation............................................................................. 4.0 3.0 3.3 Income from operations................................................................... 23.1 22.2 24.7 Interest expense......................................................................... .3 .1 .6 Income before provision for income taxes and extraordinary item.......................... 22.8 22.1 24.1 Provision for income taxes............................................................... 8.1 7.3 9.4 Income before extraordinary item......................................................... 14.7 14.8 14.7 Extraordinary loss (net of income tax benefit)........................................... -- -- (1.9) Net income............................................................................... 14.7% 14.8% 12.8% Year Ended December 31, 1996 Compared to the Year Ended December 31, 1995 NET SALES. The Company's net sales increased $6.7 million, or 8.7%, to $84.5 million in 1996 from $77.8 million in 1995. Foreign net sales increased $3.6 million, or 9.4%, to $42.1 million in 1996 from $38.5 million in 1995. The increase in foreign net sales was due primarily to increased sales volumes with existing customers, and to a lesser extent, sales to several new customers. Domestic net sales increased $3.1 million, or 8.0%, to $42.4 million in 1996 from $39.3 million in 1995. This increase was due primarily to increased sales to existing customers. Notwithstanding the Company's record sales in 1996, the Company's foreign sales in the last half of 1996 were negatively affected by weak international economies, certain customers' excess inventories, and a slowing in the overall rate of outsourcing of captive production. The Company anticipates that its foreign sales will continue to be affected by one o...
Results of Operations. Three Months Ended June 28, 1997 As Compared To Three Months Ended June 29, 1996 Net sales for the three months ended June 28, 1997, were $646,090 which was a 3.6% increase compared to net sales of $623,870 for the three months ended June 29, 1996. Sales increases from E▇▇▇▇ ▇▇▇▇▇'▇ retail and catalog divisions were significantly offset by sales decreases at Spiegel Catalog. E▇▇▇▇ ▇▇▇▇▇'▇ retail sales increased by 11.9% compared to the same period last year, with a comparable store sales increase of 2%. Total Company catalog sales were flat for the period as the growth of E▇▇▇▇ ▇▇▇▇▇'▇ catalog operations offset the lower Spiegel Catalog sales. Spiegel Catalog continues to be affected by lower productivity and response rates experienced in catalog mailings. Finance revenue for the second quarter of 1997 increased to $38,715 from $33,266 a year earlier. Revenues were favorably affected by a pretax gain of $19,672 on the sale of customer receivables recognized pursuant to SFAS No. 125. This gain was offset somewhat by lower finance revenues generated as a result of a lower average level of owned customer receivables. The gross profit margin on net sales decreased to 32.7% for the three months ended June 28, 1997, compared to 34.6% for the comparable 1996 period. This decrease was driven by lower gross profit margins at Spiegel Catalog reflecting a higher level of markdowns taken in an effort to promote sales and manage inventory risk. Selling, general and administrative expenses as a percentage of total revenues for the three months ended June 28, 1997 and June 29, 1996 were 38.0% and 36.9%, respectively. This increase was primarily due to approximately $10,000 in expenses associated with the restructuring activities of Spiegel Catalog, which included reserves for the closing of certain facilities and a work force reduction of approximately 125 Spiegel Catalog associates. Other factors contributing to the increase included less leverage of selling, general and administrative expenses, especially advertising expense, at Spiegel Catalog as a result of lower productivity from catalog offerings. Interest expense for the three months ended June 28, 1997 decreased 23.8% to $16,152 compared to $21,195 for the three months ended June 29, 1996. This decrease was due to reduced average debt levels resulting from a lower level of owned customer receivables and from the $69,972 net proceeds from the issuance of Class B voting stock in March 1997. Six Months Ended June 28...
Results of Operations. We have presented the following data in thousands, except per share data. Statement of Operations Data Quarters Ended March 31, Years Ended December 31, ------------ ------------ --------------------------- 2003 2002 2002 2001 ------------ ------------ ------------ ------------ Revenue $ 12,657 $ 16,777 $ 63,175 $ 119,530 Cost of revenue 12,938 16,484 74,031 82,191 ------------ ------------ ------------ ------------ Gross profit (loss) (281) 293 (10,856) 37,339 Operating expenses: Selling, general and administrative 3,286 5,202 18,648 21,487 Research and development 744 1,353 4,868 8,204 Restructuring costs - - 39,086 - ------------ ------------ ------------ ------------ Total operating expenses 4,030 6,555 62,602 29,691 ------------ ------------ ------------ ------------ Income (loss) from operations (4,311) (6,262) (73,458) 7,648 Interest expense 237 385 1,326 2,081 Other (income) and expense, net (231) (717) 12,705 13,373 ------------ ------------ ------------ ------------ Loss before income tax benefit (4,317) (5,930) (87,489) (7,806) Income tax benefit - (2,372) (6,308) (2,810) ------------ ------------ ------------ ------------ Net loss $ (4,317) $ (3,558) $ (81,181) $ (4,996) ============ ============ ============ ============
Results of Operations. Three Months Ended April 1, 2001 as Compared with Three Months Ended March 26, 2000
Results of Operations. To the best of each of their knowledge, the information concerning the Partnership's financial condition and the results of operations as of June 30, 1999 and for the period January 1, 1999 through June 30, 1999 attached hereto as Schedule 4.4 fairly presents in all material respects the financial condition and results of operation of the Partnership as of said date and for such period.
Results of Operations. COMPARISON OF 2002 TO 2001 Revenues. Our revenues in 2002 and 2001 are comprised of revenues for subscriptions to our services and implementation revenues. The following table sets forth for the periods indicated the components of revenue included in our consolidated statements of operations: