Generated cash flow from operations of $149 million and free cash flow(1) of $38 million after considering development capital expenditures, capitalized interest
and interest treated as debt reduction
The principal amount of the IQ Loan, including capitalized interest
, is to be repaid in quarterly instalments beginning on March 31, 2022.
We are confident in our ability to deliver robust results and believe we are on track to meet our goal of 6,900 to 7,800 home closings in 2019 and generate basic EPS in the range of $7.00 to $8.00 per share." It added, "The Company believes 2019 gross margin as a percentage of home sales revenues will be in the range of 23.5% and 25.5% and 2019 adjusted gross margin as a percentage of home sales revenues will be in the range of 25.5% and 27.5% with capitalized interest
accounting for substantially all of the difference between gross margin and adjusted gross margin.
(3) any Capitalized Interest
(the aggregate of (2) and (3) subject to the provisions relating to minimum denominations), plus
The state has already excused the project from sales tax charges, which will save about $500,000, and the project will be able to avoid capitalized interest
on construction bonds, which will save an additional $400,000.
Proceeds will fund a portion of the costs of an expansion and renovation project, capitalized interest
through the construction period, a debt service reserve fund and costs of issuance.
Swiss commodity trading house Bluequest Resources AG's Bluequest Sourcing AG subsidiary has advanced Canadian miner Xiana Mining Inc a secured convertible loan facility in the principal amount of up to USD 9m, representing up to USD 7m cash drawings plus capitalized interest
, the firm said.
15 November 2018 - Swiss commodity trading house Bluequest Resources AG's Bluequest Sourcing AG subsidiary has advanced Canadian miner Xiana Mining Inc a secured convertible loan facility in the principal amount of up to USD 9m, representing up to USD 7m cash drawings plus capitalized interest
, the firm said.
* Cash capital expenditures guidance of $4.8 to $5.1 billion, excluding capitalized interest
Interest income totalled USD20.7m, a two percent increase from the prior quarter, which included USD10.8m of capitalized interest
from loan modifications, up from USD9.9m in the prior quarter.
Sims also raised USD6,800,000 of corporate bonds through a private placement to its extensive accredited investor base, which, collectively with the Series 2016 Bonds, was used to fund the project, debt service reserve, operating and capitalized interest
funds, and pay certain costs of issuance.
Net income growth was also negatively impacted by start-up costs and higher levels of operating expenses in Mexico, Honduras and China, higher levels of depreciation expense and increased interest expense driven by lower levels of capitalized interest