Earnings Defined BGC Partners uses non-GAAP financial measures including "revenues for distributable
earnings," "pre-tax distributable
earnings" and "post-tax distributable
earnings," which are supplemental measures of operating performance that are used by management to evaluate the financial performance of the Company and its consolidated subsidiaries.
cash flow is a significant liquidity metric used by senior management to compare net cash flow generated by the Parent Company's investments to the cash distributions the Parent Company is expected to pay its partners.
The Company expected pre-tax distributable
earnings to increase by between approximately 22 percent and 44 percent and to be in the range of $80 million to $95 million, versus $65.
Cash Flow is an important non-GAAP financial measure for our limited partners since it indicates to investors whether or not the Partnership's investments are generating cash flows at a level that can sustain or support an increase in quarterly cash distribution levels.
Schedule D - Reconciliation of Distributable
Cash Flow to Net Cash from Operating Activities*
BGC had anticipated its pre-tax distributable
earnings to increase by between approximately 21 percent and 42 percent and to be in the range of $68 million to $80 million, versus $56.
13, 2015 /PRNewswire/ --Antero Midstream Partners LP (NYSE: AM) ("Antero Midstream" or the "Partnership") today announced an increased third quarter 2015 distribution, provided an operations update and increased 2015 EBITDA and distributable
cash flow guidance.
The Company Expects the Fourth Quarter to be the Second Consecutive Period of Record Post-Tax Distributable
NYSE:ETP) today reported EBITDA, as adjusted, distributable
cash flow, and net income for the quarter and full year ended December 31, 2009.
The Company expected distributable
earnings revenues to be between approximately $410 million and $435 million, compared with $414.
For the three months ended December 31, 2009, ETE's Distributable
Cash Flow was $128.
5 million which generated distributable
cash flow of $15.
The Company expected to generate distributable
earnings revenues of between approximately $420 million and $440 million compared with $471.
cash flow for the nine months ended September 30, 2009 was $731.
Subsequent to the acquisition of DCGT, we define distributable
cash flow as Adjusted EBITDA less maintenance capital expenditures, less interest expense and adjusted for known timing differences between cash and income.