Adjusted Cash Flow definition

Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.
Adjusted Cash Flow means, for any period (the “calculation period”), the sum, for the Borrower and its Consolidated Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP), of the following: (a) Operating Cash Flow for the calculation period minus (b) Capital Expenditures made during the calculation period (excluding Capital Expenditures made from the proceeds of Indebtedness other than Indebtedness hereunder).
Adjusted Cash Flow means net cash provided by operating activities (whether positive or negative) during a fiscal year, less capital expenditures net of proceeds on the disposal of property, all as shown on audited financial statements for that fiscal year, as adjusted (net of tax where applicable) to exclude the effects of the following items:

Examples of Adjusted Cash Flow in a sentence

  • Adjusted Cash Flow provides meaningful information about our operating performance because one of our core business strategies is to generate consistent cash flows that can be redeployed into new royalty investments.

  • Adjusted Cash Flow, which reflects cash receipts less cash charges, allows investors to understand the cash available to the Company to make new royalty investments or for other discretionary purposes.

  • Management uses Adjusted Cash Flow for decision-making purposes related to the funding of investments in royalty-generating assets, debt repayments, dividends and other discretionary investments.” If you have any additional questions or comments, please do not hesitate to contact me at tcoyne@royaltypharma.com or (212) 883-2276.

  • Tracking Adjusted Cash Flow over time helps to identify underlying trends in the business and permits management and investors to better understand our performance.

  • Adjusted Cash Flow is defined as core cash collections less cash charges, including net interest paid, and reflects management’s ability to successfully operate the business and generate cash flow.


More Definitions of Adjusted Cash Flow

Adjusted Cash Flow means, with reference to any period (i) the consolidated net income (or loss) of the Borrower and its Subsidiaries for such period calculated on a consolidated basis in accordance with GAAP, plus (ii) to the extent taken into account in determining such consolidated net income (or loss), the sum of interest expense, expense for taxes paid or accrued, depreciation, amortization and extraordinary losses incurred other than in the ordinary course of business, minus (iii) to the extent taken into account in determining such consolidated net income (or loss), extraordinary gains realized other than in the ordinary course of business, minus (iv) to the extent taken into account in determining such consolidated net income (or loss), equity earnings of any Person in which the Borrower or any of its Subsidiaries has an interest (which interest does not cause the net income of such Person to be consolidated with the consolidated net income of the Borrower and its Subsidiaries in accordance with GAAP), plus (v) the aggregate amount of all cash dividends and other distributions of cash actually received by the Borrower or any of its consolidated Subsidiaries during such period from any Person in which the Borrower or any of its consolidated Subsidiaries has an interest (which interest does not cause the Consolidated Net Income of such other Person to be consolidated with the Consolidated Net Income of the Borrower and its Subsidiaries in accordance with GAAP), plus (vi) any Material Project EBITDA Adjustment; provided that for purposes of calculating consolidated net income for any four fiscal quarter period, if at any time during that period the Borrower or any Subsidiary shall have consummated an acquisition, consolidated net income for such period shall be calculated after giving pro forma effect thereto as if such acquisition had occurred on the first day of such period.
Adjusted Cash Flow or “Distributable Cash” or “Net Receipts” or “Adjusted Gross Profits” or “Net Profits” or “Net Revenues” (A) the Gross Receipts (which shall include all gross receipts of the Company from all sources throughout the world in any media now known or hereafter created including without limitation from exploitation of all the Company’s merchandising, soundtrack album, music publishing, and other ancillary or subsidiary rights, and otherwise derived from the Company’s operations) including, without limitation (i) net proceeds from a Capital Transaction; and (ii) reductions, if any, in reserves established by the Managers from time to time, reduced by (B) all cash expenses of the Company incurred or required to be incurred by or on the account of the Company in connection with its media and other products, the rights therein and thereto, and the operations of the Company that are unpaid from the Capital Contributions (and/or Non-Capital Contributions as discussed in Articles 4.1 - 4.3 herein below) at the time Company receives gross receipts, which expenses may include, without limitation: (i) the aggregate expenses, charges and disbursements incurred in connection with the preparation, production, completion and delivery of the Series, fully cut, edited and scored, and with the development, production and presentation of the Musicals, each including without limitation the following: payments for acquisition of underlying rights, payments for the services of developmental and production personnel, on-camera talent, judges, performers, choreographers, writers’ and actors’ fees, studio facilities, overhead, laboratory and sound services, location expenses, advertising and marketing costs, set production, theater rentals, routine promotional expenses, all outstanding developmental and production costs, all costs associated with financing and interest payments, and all legal and accounting charges, (ii) all other expenses of whatever kind or nature incurred in or in connection with the organization or operation of the business of the Company including, but not limited to, the promotion, sale and distribution of the Series and ancillary and subsidiary rights therein, (iii) all transaction costs and expenses, (iv) debt service on any Company loans and other financing charges, (v) taxes and other fees incurred in connection with the operation of the Company, and (vi) increases, if any, in reserves established by the Managers from time to time for working capital and oth...
Adjusted Cash Flow means, for any period, Consolidated Operating Income for such period, plus, to the extent deducted in determining the amount thereof, (i) Rental Obligations (less any principal portion of any Off-Balance Sheet Lease), (ii) depreciation and amortization, and (iii) any aggregate net income during such period arising from the sale, exchange or other distribution of capital assets, provided that the total amount so included pursuant to this clause (iii) shall not exceed 5% of Consolidated Operating Income for such period, provided further, however, that, in calculating Adjusted Cash Flow for any such period, any acquisition or disposition of assets that shall have occurred during such period will be deemed to have occurred at the beginning of such period; and (iv) with respect to any Off-Balance Sheet Property which was acquired or ground-leased by any entity acting in the capacity of landlord (or in any functionally similar capacity to a landlord) under any Off-Balance Sheet Lease within the 12-month period ending on the date of determination of Consolidated Cash Flow, Adjusted Cash Flow shall include Theatre-Level EBITDA for such Off-Balance Sheet Property and shall be determined with respect to such Off-Balance Sheet Property on the basis of actual Theatre-Level EBITDA within such period and projected Theatre-Level EBITDA for the remainder of such period (with such projections being based on the average Theatre-Level EBITDA of comparable theater properties of the Borrower which were operated during the entire 12-month period).
Adjusted Cash Flow means, in respect of any Measurement Period, the aggregate amount of Distributed Cash and Net Refinancing Proceeds, in each case, received by any Loan Party during such Measurement Period; provided, that any Distributed Cash or Net Refinancing Proceeds generated by an Excluded Subsidiary during such Measurement Period that is retained by such Excluded Subsidiary but is permitted and available for distribution, directly or indirectly, to any Loan Party as of the last day of such Measurement Period shall be deemed Adjusted Cash Flow for such Measurement Period (and any such amounts actually distributed, directly or indirectly, to any Loan Party in any subsequent fiscal quarter shall not be counted as having been distributed during such subsequent fiscal quarter).
Adjusted Cash Flow means the following:
Adjusted Cash Flow has the meaning described in Paragraph 10.4 above. This ratio will be calculated (a) at the end of each fiscal quarter, using the results of that quarter and each of the three immediately preceding quarters (b) and prior to the making of any loan or advance hereunder under any of the Facilities, on a pro forma basis, as of the most recently ended fiscal quarter of EMI, after giving effect to such loan or advance.
Adjusted Cash Flow for any fiscal period shall mean the net cash provided by operating activities for that fiscal period reduced by capital expenditures for that fiscal period and increased by proceeds from the sale of assets for that fiscal period, in each case as set forth in the consolidated statement of cash flows of the Company and its subsidiaries for the fiscal period, and as adjusted in accordance with Section 2.4 below. “Average Adjusted Capital” for any six-month period shall mean the average of three (3) numbers consisting of the Adjusted Capital as of the last day of the period and as of the last day of the two preceding fiscal quarters. “Average Adjusted Capital” for any fiscal year shall mean the average of five (5) numbers consisting of the Adjusted Capital as of the last day of the fiscal year and as of the last day of the four preceding fiscal quarters. “Adjusted Capital” as of any date shall mean (i) the Company’s total assets, as adjusted in accordance with Section 2.4 below, minus (ii) the Company’s total liabilities other than debt for borrowed money and capital lease obligations, in each case as set forth in the consolidated balance sheet of the Company and its subsidiaries as of the applicable date or otherwise determined from the Company’s accounting records on a consistent basis.