Retained Earnings Sample Clauses
The Retained Earnings clause defines how a company's accumulated profits, which are not distributed as dividends, are managed and reported. It typically outlines the process for tracking these earnings on the company's balance sheet and may specify conditions under which retained earnings can be used, such as for reinvestment in the business or to cover future losses. This clause ensures transparency in financial reporting and helps stakeholders understand how profits are being utilized or reserved within the company.
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Retained Earnings. Prior to the end of the first year of the Term, the Association will develop a plan to spend and/or keep as operating contingency, at the Association’s discretion, its Retained Earnings and will update that plan on an annual basis to reflect amounts actually spent in the past year, use of funds, the current balance of Retained Earnings and any revised plans for future spending of the Retained Earnings. The Association will make its plan publically available and will post its plan and all updates on the Association’s website. The Association will use its best efforts to execute on its plan and shall make expenditures of Retained Earnings in accordance with the plan, as it is updated from time to time. Subject to the foregoing, the Association agrees that Retained Earnings may only be spent on physical improvements to or capital projects within the Community Centre Network or for the direct provision of Programming or services to the public at or from the Jointly Operated Facilities. The Association acknowledges and agrees that the buildings and Fixtures comprising the Entire Facility are and will continue to be owned by the City and Park Board, notwithstanding any contribution of funds (including Retained Earnings and grant revenue) by the Association.
Retained Earnings. The Reserve shows the closing balance from the earning / losses of the company over the year.
Retained Earnings. The Trustees, except as provided in Section 10.1 hereof , may always retain from the net profits such amount as they may deem necessary to pay the debts or expenses of the Trust, to meet obligations of the Trust, to establish reserves or as they may deem desirable to use in the conduct of its affairs or to retain for future requirements or extensions of the business of the Trust.
Retained Earnings. To eliminate Express Scripts historical retained earnings . . . . . . . . . . . . . . . . . . . . $(16,942) To record elimination of Cigna historical treasury stock canceled upon closing of mergers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,686) To record estimated transaction costs incurred, net of tax . . . . . . . . . . . . . . . . . . . (406) Total adjustments to retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . R $(21,034) Total adjustments to treasury stock from elimination of Express Scripts historical balance and elimination of Cigna historical treasury stock canceled upon closing of mergers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S $ 26,382 To record the sale of fixed maturity investments to fund closing of mergers . . . . T $ (2,017) To establish incremental Cigna debt to effect the mergers . . . . . . . . . . . . . . . . . . . $ 22,600 To pay off outstanding Express Scripts’ term loan . . . . . . . . . . . . . . . . . . . . . . . . . (2,146) To record the sale of fixed maturity investments to fund closing of mergers . . . . 2,017 To record estimated debt issuance costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . (100) Total adjustments to cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . U $ 22,371 (In millions) Ref To establish incremental Cigna debt to effect the mergers . . . . . . . . . . . . . . . . . . . $22,600 To pay off outstanding Express Scripts’ term loan . . . . . . . . . . . . . . . . . . . . . . . . . (2,146) To record estimated debt issuance costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (100) Total adjustments to long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . V $20,354 There were no material intercompany balances between Express Scripts and Cigna for the three months ended March 31, 2018 to be eliminated in the above pro forma balance sheet. The unaudited pro forma condensed combined financial statements do not present a combined dividend per share amount. Cigna currently pays an annual dividend on shares of Cigna common stock and last declared a dividend of $0.04 per share on February 28, 2018 that was paid on April 10, 2018 to shareholders of record as of March 12, 2018. Under the terms of the merger agreement, during the period before completion of the merger...
Retained Earnings. Retained earnings include the Baloise Group’s undistributed earnings and its profit for the period. Dividends paid to the shareholders of Bâloise Holding Ltd are only recognised once they have been approved by the Annual General Meeting.
Retained Earnings. Borrower will maintain retained earnings as verified by year-end financial statements of not less than $4,000,000.00 so long as the Mortgage Note shall be outstanding or until the Lender and the USDA shall agree to a lesser amount.
Retained Earnings. Twenty-Five percent (25%) of pre-tax Net Income available for Distributions are to be retained with Borrower.
Retained Earnings. Represents the adjustment to eliminate RockPile’s historical RockPile retained earnings.
Retained Earnings. CDS and its Subsidiaries shall be permitted to distribute to their respective Shareholders pro rata in proportion to each such Shareholder’s ownership interest in such entity an aggregate amount of retained earnings which, when added to all distributions received by such Shareholders from CDS and its Subsidiaries since January 1, 2004, does not exceed (a) $234,000 plus (b) 43.11% of the net income (determined in accordance with tax accounting as historically applied by CDS and its Subsidiaries) of CDS and its Subsidiaries on a consolidated basis (as if all Subsidiaries of CDS on the date hereof had been Subsidiaries of CDS during the entire period) for the period from January 1, 2004 through the Closing Date; provided, however, that if any such distributions cause retained earnings of CDS and its Subsidiaries on a consolidated basis as of the Closing Date to be less than $0, then the Shareholders shall be required to repay to CIGI their pro rata share of the amount by which any such distributions cause such retained earnings to be less than $0.
Retained Earnings. The profits and losses of the Company for each taxable year shall be determined on an annual basis and shall be available for distribution to the Member(s). The cumulative net amount at any time shall be "Retained Earnings."