CASH FLOWS FROM FINANCING ACTIVITIES Sample Clauses

CASH FLOWS FROM FINANCING ACTIVITIES. (15,376,464) ------------- ----------- (16,496,014) ----------- ------------ (46,470,988) ------------ Proceeds from issuance of debt................... 20,000,000 32,000,000 38,000,000 Repayments of long-term debt..................... (1,000,000) (21,500,000) (1,500,000) Cash distributions............................... (50,531,003) (18,700,000) -- Increase in debt reserve fund.................... Net cash provided by (used in) financing (454,207) ------------- (611,627) ----------- (3,717,627) ------------ activities.................................. INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS... (31,985,210) ------------- 1,367,091 (8,811,627) ----------- (985,911) 32,782,373 ------------ 940,971
Sample 1
AutoNDA by SimpleDocs
CASH FLOWS FROM FINANCING ACTIVITIES. Net cash provided by financing activities in 2016 was $113 million compared to $1.3 billion in 2015. The sources of cash in 2016 primarily consisted of $984 million in net proceeds from the issuance of Preferred units and $792 million of net cash proceeds from the issuance of common units and general partner units, as well as contributions of $225 million from MPC as part of the Class A Reorganization. The uses of cash in 2016 primarily consisted of net repayments of long-term debt and distributions to unitholders. The sources of cash in 2015 primarily consisted of contributions of $1.2 billion from MPC for the MarkWest Merger and proceeds of $169 million from issuances of general partner units. The uses of cash in 2015 primarily consisted of distributions to unitholders. The sources of cash in 2014 primarily consisted of net long-term borrowings and proceeds from the issuance of common units. The uses of cash in 2014 primarily consisted of distributions of $910 million to MPC for the acquisition of an interest in Pipe Line Holdings, as well as distributions to unitholders. Cash used in distributions to unitholders totaled $845 million in 2016, $158 million in 2015, and $103 million in 2014. The increase in 2016 was primarily due to the issuance of units to MarkWest unitholders in connection with the merger on December 4, 2015. Long-term debt borrowings and repayments were a net $878 million use of cash in 2016 compared to a $38 million source of cash in 2015 and a $631 million source of cash in 2014. During 2016, we used proceeds from the issuance of Preferred units to repay amounts outstanding under the bank revolving credit facility. During 2015, we used proceeds from the issuance of $500 million aggregate of principal amount of senior notes to repay $385 million outstanding under the bank revolving credit facility. See Item 8. Financial Statements and Supplemental Data – Note 17 for additional information on our long-term debt. Debt and Liquidity Overview Our outstanding borrowings at December 31, 2016 and 2015 consisted of the following: December 31, (In millions) 2016 2015 MPLX LP: Bank revolving credit facility due 2020 $ — $ 877 Term loan facility due 2019 250 250 5.500% senior notes due 2023 710 710 4.500% senior notes due 2023 989 989 4.875% senior notes due 2024 1,149 1,149 4.000% senior notes due 2025 500 500 4.875% senior notes due 2025 1,189 1,189 Consolidated subsidiaries: MarkWest - 4.500% - 5.500%, due 2023 - 2025 63 63 MPL - capital lease...
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. (1,968) --------- (846) -------- Proceeds from short-term borrowings.................... 20,796 32,645 Repayment of short-term borrowings..................... (49,114) (38,077) Repayment of term loan................................. (4,500) -- Net proceeds from initial public offering.............. 57,253 --
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. Net cash provided by financing activities in 2015 was $1.3 billion compared to net cash used in 2014 of $224 million. The source of cash in 2015 was primarily due to $1.2 billion of contributions from MPC for the MarkWest Merger, $38 million in increased net long-term debt borrowings, $8 million in net proceeds from related party debt with MPC and $169 million in net proceeds from MPLX GP in exchange for a number of general partnership units that allowed it to maintain its general partnership interest, partially offset by $159 million in distributions to unitholders, the general partner and noncontrolling interests. The use of cash in 2014 was primarily due to $910 million in distributions to MPC related to the acquisition of an interest in Pipe Line Holdings and $150 million in distributions to unitholders, the general partner and noncontrolling interests, partially offset by $631 million in net long-term debt borrowings and $230 million in net proceeds from equity offerings. Net cash used in financing activities decreased $78 million in 2014 compared to 2013, primarily due to $632 million in increased net long-term debt borrowings and $230 million in net proceeds from the equity offerings of common units representing limited partnership interests and contributions from MPLX GP LLC in exchange for a number of general partnership units that allowed it to maintain its two percent general partnership interest, partially offset by $810 million in increased distributions to MPC related to the acquisition of interests in Pipe Line Holdings. Debt and Liquidity Overview Our outstanding borrowings at December 31, 2015 and 2014 consisted of the following: December 31, (In millions) 2015 2014 MPLX LP: Bank revolving credit facility due 2020 $ 877 $ 385 Term loan facility due 2019 250 250 5.500% senior notes due 2023 710 — 4.500% senior notes due 2023 989 — 4.875% senior notes due 2024 1,149 — 4.000% senior notes due 2025 500 — 4.875% senior notes due 2025 1,189 — Consolidated subsidiaries: MarkWest - 5.500% senior notes due 2023 40 — MarkWest - 4.500% senior notes due 2023 11 — MarkWest - 4.875% senior notes due 2024 1 — MarkWest - 4.875% senior notes due 2025 11 — MPL - capital lease obligations due 2020 9 10 Total 5,736 645 Unamortized debt issuance costs(1) (8 ) — Unamortized discount(2) (472 ) — Amounts due within one year (1 ) (1 ) Total long-term debt due after one year $ 5,255 $ 644 (1) We adopted the updated FASB debt issuance cost standard as of June 30, 20...
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. 1,430 -------- (49,577) -------- 1,027 -------- (20,614) -------- 1,173 -------- (14,486) -------- Proceeds from issuance of debt.................. -- 10,320 7,123 Payments of debt................................ (6,468) (14,870) (3,644) Payments of capital lease obligations........... (11,094) (11,535) (5,193) Payments of notes to shareholder................ -- -- (975) Net change in line of credit agreement.......... -- (6,500) (340) Distribution to stockholders.................... -- (81,443) (25,113) notes payable financing........................ 6,834 (11,281) 2,187 CASH FLOWS FROM OPERATING ACTIVITIES: Net change in accounts receivable financing and Proceeds from issuance of common stock, net of expense........................................ -- 107,723 -- Payments for stock registration costs........... (72) -- -- Net change in customer deposits and holdbacks... 9,813 7,322 774 -------- -------- -------- Net cash flows from financing activities...... (987) (264) (25,181) -------- -------- -------- NET CHANGE IN CASH AND CASH EQUIVALENTS.......... (15,245) 33,204 7,890 CASH AND CASH EQUIVALENTS, Beginning of period... 55,065 21,861 13,971 -------- -------- -------- CASH AND CASH EQUIVALENTS, End of period......... $ 39,820 $ 55,065 $ 21,861 ======== ======== ======== SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for interest........ $ 1,381 $ 4,696 $ 4,048 ======== ======== ======== Cash paid during the period for income taxes.... $ 24,877 $ 702 $ 459 ======== ======== ======== SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES: Acquisition of property through assumption of debt obligations............................... $ 16,725 $ 16,297 $ 9,592 ======== ======== ======== Reduction of accounts receivable through issuance of notes receivable................... $ 1,114 $ 61 $ 367 ======== ======== ======== The accompanying notes are an integral part of these financial statements. WEST TELESERVICES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 1997, 1996 AND 1995 (DOLLARS IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
Sample 1
CASH FLOWS FROM FINANCING ACTIVITIES. 18,307 ----------- (4,053,968) ----------- (26,755) ------------ (10,077,969) ------------ -- -------- (13,672) -------- Borrowings of long-term debt......................... 7,504,565 10,114,188 14,200 Repayments of long-term debt......................... (4,499,793) (5,694,375) -- Payments for debt issuance costs..................... Net proceeds from initial public offering of Class A common stock...................................... (85,348) -- (113,481) 3,547,920 -- --
Sample 1

Related to CASH FLOWS FROM FINANCING ACTIVITIES

  • Investments and Acquisitions The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except:

  • Asset Sales (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

  • Investments; Acquisitions Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make or own any Investment in any Person, including any Joint Venture, or acquire, by purchase or otherwise, all or substantially all the business, property or fixed assets of, or Capital Stock of any Person, or any division or line of business of any Person except:

  • FINANCIAL CONTRIBUTIONS 10.1 The Financial Contribution of the CCG and the Council to any Pooled Fund or Non-Pooled Fund for the first Financial Year of operation of each Individual Scheme shall be as set out in the relevant Scheme Specification.

  • Mergers, Consolidations, Sales of Assets and Acquisitions Merge into or consolidate with any other person, or permit any other person to merge into or consolidate with it, or Dispose of (in one transaction or in a series of related transactions) all or any part of its assets (whether now owned or hereafter acquired), or Dispose of any Equity Interests of any Subsidiary, or purchase, lease or otherwise acquire (in one transaction or a series of related transactions) all of the assets of any other person or division or line of business of a person, except that this Section 6.05 shall not prohibit:

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year Consolidated Capital Expenditures Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1.

  • Limitation on Capital Expenditures Make or commit to make (by way of the acquisition of securities of a Person or otherwise) any expenditure in respect of the purchase or other acquisition of fixed or capital assets (excluding any such asset acquired in connection with normal replacement and maintenance programs properly charged to current operations) except for:

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Permitted Acquisitions (a) Subject to the provisions of this Section 9.14 and the requirements contained in the definition of Permitted Acquisition, the Borrower and any of its Wholly-Owned Subsidiaries may from time to time effect Permitted Acquisitions, so long as (in each case except to the extent the Required Lenders otherwise specifically agree in writing in the case of a specific Permitted Acquisition): (i) no Default, Event of Default or Compliance Period shall be in existence at the time of the consummation of the proposed Permitted Acquisition or immediately after giving effect thereto; (ii) the Borrower shall have given the Administrative Agent (on behalf of the Lenders) at least 10 Business Days’ prior written notice of the proposed Permitted Acquisition; (iii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Permitted Acquisition (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date; (iv) the Borrower provides to the Administrative Agent (on behalf of the Lenders) as soon as available but not later than 5 Business Days after the execution thereof, a copy of any executed purchase agreement or similar agreement with respect to such Permitted Acquisition; (v) after giving effect to such Permitted Acquisition and the payment of all post-closing purchase price adjustments required (in the good faith determination of the Borrower) in connection with such Permitted Acquisition (and all other Permitted Acquisitions for which such purchase price adjustments may be required to be made) and all capital expenditures (and the financing thereof) reasonably anticipated by the Borrower to be made in the business acquired pursuant to such Permitted Acquisition within the 180-day period (such period for any Permitted Acquisition, a “Post-Closing Period”) following such Permitted Acquisition (and in the businesses acquired pursuant to all other Permitted Acquisitions with Post-Closing Periods ended during the Post-Closing Period of such Permitted Acquisition), there shall exist no Compliance Period; (vi) such proposed Permitted Acquisition shall be effected in accordance with the relevant requirements of Section 9.17; (vii) the Borrower determines in good faith that the Borrower and its Subsidiaries taken as a whole are not likely to assume or become liable for material increased contingent liabilities as a result of such proposed Permitted Acquisition (excluding, however, Indebtedness permitted to be incurred pursuant to Section 10.04 in connection therewith); (viii) substantially all of the Acquired Entity or Business acquired pursuant to the respective Permitted Acquisition is in a Qualified Jurisdiction, provided, however, the respective proposed Permitted Acquisition shall not be required to meet the requirements set forth above in this clause (viii) if the Maximum Permitted Consideration payable in connection with such Permitted Acquisition, when aggregated with the Maximum Permitted Consideration payable in connection with all other Permitted Acquisitions consummated after the Initial Borrowing Date in which all or substantially all of the Acquired Entity or Business so acquired were not in Qualified Jurisdictions, does not exceed $300,000,000; and (ix) the Borrower shall have delivered to the Administrative Agent on the date of the consummation of such proposed Permitted Acquisition, an officer’s certificate executed by an Authorized Officer of the Borrower, certifying to the best of his knowledge, compliance with the requirements of preceding clauses (i) through (iii), inclusive, and clauses (v) through (viii), inclusive, and containing the calculations required by the preceding clauses (iii) and (viii).

Time is Money Join Law Insider Premium to draft better contracts faster.