Business Segments. Make any changes with respect to the Business Segments of the Loan Parties, and the identities of the Subsidiaries included in each such Business Segment, from the structure set forth in Schedule S-1.
Business Segments. Schedule S-1 accurately sets forth each Business Segment of the Loan Parties and the Subsidiaries of Parent included in each such Business Segment as of the Closing Date.
Business Segments. CSW's business segments at December 31, 1997 included the U.S. Electric operations (CPL, PSO, SWEPCO, WTU) and the United Kingdom Electric operations (SEEBOARD U.S.A.). See NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES for a discussion of the accounting for the SEEBOARD acquisition. Eight additional non-utility companies are included with CSW in Corporate items and Other (CSW Energy, CSW International, C3 Communications, CSW Credit, CSW Leasing, CSW Services, EnerShop and CSW Energy Services). Gas Operations (Transok) were sold on June 6, 1996. See NOTE 15. TRANSOK DISCONTINUED OPERATIONS for additional information. CSW's business segment information is presented in the following tables. 1997 1996 1995 -------- -------- -------- (millions) OPERATING REVENUES Electric Operations United States $3,321 $3,248 $2,883 United Kingdom (1) 1,870 1,848 208 Corporate items and Other 77 59 52 -------- -------- -------- $5,268 $5,155 $3,143 -------- -------- -------- OPERATING INCOME Electric Operations United States $661 $768 $719 United Kingdom (1) 255 236 21 Corporate items and Other (30) 15 (27) -------- -------- -------- Operating income before taxes 886 1,019 713 Income taxes (151) (224) (92) -------- -------- -------- $735 $795 $621 -------- -------- -------- DEPRECIATION AND AMORTIZATION Electric Operations United States $389 $362 $335 United Kingdom (1) 92 88 7 Corporate items and Other 16 14 11 -------- -------- -------- $497 $464 $353 -------- -------- -------- IDENTIFIABLE ASSETS Electric Operations United States $9,172 $9,142 $9,278 United Kingdom (1) 2,931 3,061 2,821 Corporate items and Other 1,348 1,129 1,004 -------- -------- -------- 13,451 13,332 13,103 Gas Operations (Discontinued) -- -- 766 -------- -------- -------- $13,451 $13,332 $13,869 -------- -------- -------- CAPITAL EXPENDITURES AND ACQUISITIONS Electric Operations United States $346 $356 $398 United Kingdom (1), (2) 126 1,543 731 Corporate items and Other (3) 276 109 19 -------- -------- -------- 748 2,008 1,148 Gas Operations (Discontinued) -- 23 66 -------- -------- -------- $748 $2,031 $1,214 -------- -------- --------
Business Segments. (i) Suspend the operation of a segment material to the operation of its business as presently conducted, which suspension could materially impair the operations of the Borrower and its Subsidiaries taken as a whole; or (ii) engage at any time in any business or business activity other than the business currently conducted by it and business activities reasonably incidental thereto.
Business Segments. 5 Global Investment Research 14 Technology 15 Business Continuity and Information Security 15 Employees 15 Competition 16 Regulation 17 Item 1A. Risk Factors 21 Item 1B. Unresolved Staff Comments 31 Item 2. Properties 31 Item 3. Legal Proceedings 32 Item 4. Submission of Matters to a Vote of Security Holders 41 Executive Officers of The Xxxxxxx Xxxxx Group, Inc. 42 PART II 44 Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 44 Item 6. Selected Financial Data 45 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 46 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 105 Item 8. Financial Statements and Supplementary Data 106 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 175 Item 9A. Controls and Procedures 175 Item 9B. Other Information 175 PART III 176 Item 10. Directors, Executive Officers and Corporate Governance 176 Item 11. Executive Compensation 176 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 176 Item 13. Certain Relationships and Related Transactions, and Director Independence 177 Item 14. Principal Accountant Fees and Services 177 PART IV 178 Item 15. Exhibits, Financial Statement Schedules 178 Index to Financial Statements and Financial Statement Schedule Items 15(a)(1) and 15(a)(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-1 SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . II-1 POWER OF ATTORNEY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . II-2 PART I Item 1. Business Introduction Xxxxxxx Xxxxx is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Xxxxxxx Sachs is the successor to a commercial paper business founded in 1869 by Xxxxxx Xxxxxxx. On May 7, 1999, we converted from a partnership to a corporation and completed an initial public offering of our common stock. Our activities are divided into three segments: (i) Investment Banking, (ii) Trading and Principal Investments and (iii) Asset Management an...
Business Segments. Supply base and port operations Infrastructure development and operations Maritime logistics and Marine Engineering Services Integrated logistic solutions Project logistics Rig yard services (IRM) Supply Bases: Norway> 9 - Total base area 3 251 000 m2 - Outdoor storage 1 564 000 m2 - Warehouse 264 700 m2 - Workshop 70 500 m2 - Office space 127 960 m2 - Quay (number / length) 50 / 4 325 m Machinery : - Crane (45 - 220 tons) 27 - Forklift (2 - 45 tons) 146 - Terminal tractors 19 - Cargo trailers 242 Employees : 1000 NorSea Group - «Tool Box» Harstad Sandnessjøen Kristiansund Bergen Stord Stavanger Dusavik / Tananger Kirkenes Hammerfest NorSea Group – statistics and supply Supply Bases: Norway >9 Port calls 9 844 Total tonnage 4 774 554 tons - Deck cargo 2 960 898 tons - Bulk cargo 1 813 656 m3 Bunkers and bulk products Capasity - Marine Gas Oil (MGO) All bases 100-200 m3/h - Liquified Natural Gas (LNG) base 40 Tons/h - Water (H20) All bases 80-130 m3/h - Dry & wet bulk Bentonite, Barite, Brine, MEG, Mud, Metanol, Baseolje, Cement Harstad Sandnessjøen Kristiansund Bergen Stord Stavanger Dusavik / Tananger Kirkenes Hammerfest Logistic support to Home Guard Scope: • Storage and distribution of containers with supplies • Establishment of Liaison department to support the logistics operation • Peace and war capacity Key figures: • 6 bases + establishing one new base in eastern Norway • About 10 000 km distribution «all out» • About 90 delivery points • Support about 45 000 soldiers Host Nation Support – Camp NorSea
Business Segments. The Borrower will not, and will not permit any Subsidiary of the Borrower to, suspend the operation of a segment material to the operation of its business as presently conducted, which suspension would materially impair the operations of the Borrower and its Subsidiaries taken as a whole.
Business Segments. The Group’s operating businesses are recognized and managed separately according to the nature of services provided (primary segments) and the different geographical markets served (secondary segments) with a segment representing a strategic business unit. The Group’s business segments follow:
Business Segments. 2 Rail........................................................ 2 Specialty................................................... 4 ASC......................................................... 4
Business Segments. 83 Section 6.12. Accounting Changes........................................83 Section 6.13. Amendment and Modification of Certain Documents...........83 Section 6.14. Sale/Lease-Backs..........................................84 Section 6.15. Environmental Matters.....................................84 Section 6.16. Rent Obligations..........................................85
