Cash Burn definition

Cash Burn means an amount equal to the prior period’s Cash minus the current period’s ending Cash that has been adjusted for any changes to Cash as a result of borrowings and repayments of borrowings, proceeds from the sale of equity and the exercise of stock options or warrants, paid-in-capital and minority interest, and capital expenditures financed under a capital lease.

Cash Burn is defined in Section 6.7.

Cash Burn means, with respect to any given month, the largest negative number of the following: (i) the difference of (x) Available Cash measured as of the end of the last calendar day of such month, less (y) the sum of (A) Available Cash measured as of the end of the last calendar day of the month immediately preceding such month; and (ii) the difference of (x) the sum of (A) Consolidated Net Income for such month, (B) depreciation expense for such month, (C) amortization for such month, and (D) stock based compensation for such month, less (y) the sum of (A) capital expenditures for such month, (B) any cash proceeds from any accounts receivable collected during such month and before such accounts receivable had been outstanding for 30 days, (C) any accounts payable outstanding more than 45 days during such month and (D) any payments of Dividends, Stated Value or other amounts under any Indebtedness during such month. For purposes of the foregoing, each of depreciation, amortization, stock based compensation, capital expenditures, accounts receivable, and accounts payable shall each be calculated in accordance with GAAP.

Examples of Cash Burn in a sentence

• The term Operating Cash (Burn) Generated and Free Cash Flow may differ from similar measures reported by other companies.

• Additionally, our definition of Operating Cash (Burn) Generated is limited and does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for interest expense and the deferral or repayment of lease amounts that were due and not paid during the COVID-19 pandemic.

• Therefore, we believe it is important to view Operating Cash (Burn) Generated and Free Cash Flow as supplemental to our entire statement of cash flows.

• Additionally, our definition of Operating Cash Burn is limited and does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for interest expense and the deferral or repayment of lease amounts that were due and not paid during the COVID-19 pandemic.

• The term Operating Cash Burn and Free Cash Flow may differ from similar measures reported by other companies.

More Definitions of Cash Burn

Cash Burn means change in cash and cash equivalents during the period adjusted to exclude cash from CARES Act related debt, payroll support program grant and employee retention credit funding and the cash impact of other special items divided by the days in the period. The Company believes that cash burn is a useful measure of liquidity consumed by its business. Cash burn refers to periods where this amount is negative; references to “cash positive” refers to the foregoing definition when the foregoing calculation is positive. The Company’s definition of “cash burn” and “cash positive” may not be calculated in the same manner as similarly labeled statistics used by other airlines.

Cash Burn shall have the meaning set forth in the Senior Loan Agreement as in effect on the Closing Date.

Cash Burn is defined in Section 6.9.

Cash Burn means, for any applicable measuring period, the sum of (i) earnings before depreciation and amortization, plus (ii) the aggregate amount of capital expenditures, in each case as measured on an average trailing six (6) month basis.

Cash Burn means, for any applicable measuring period, the sum of (i) EBITDA, plus (ii) the aggregate amount of capital expenditures, in each case as measured on an average trailing six (6) month basis.

Cash Burn means (i) cash flow from operations (determined in accordance with GAAP) minus (ii) capitalized expenditures.

Cash Burn means, as of the last day of each month (each a “Test Date”), an amount equal to (a) the Unrestricted cash and Cash Equivalents of the Company and its Subsidiaries on the last day of the immediately preceding month, minus (b) an amount equal to the Unrestricted cash and Cash Equivalents of the Company and its Subsidiaries on such Test Date, in each case excluding in the determination thereof any increase in such Unrestricted cash and Cash Equivalents resulting from the incurrence of any Debt or other borrowings of Borrowed Money and proceeds from the sale or other issuance of any Equity Interests.