cash available for distribution


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cash available for distribution (CAD)

Encountered in REIT (real estate investment trust) and large corporation accounting, it is cash from operations after payment of all expenses and a reserve for taxes,repairs,and reasonably anticipated capital expenditures.

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EBITDA, Adjusted EBITDA and cash available for distribution should not be considered alternatives to net income, operating income, net cash provided by operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP.
The calculation of forecasted cash available for distribution has been included below in this press release.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as: our forecasted cash available for distribution for the twelve months ended September 30, 2012 and related assumptions (please see pages 69-76 of the Rentech Nitrogen prospectus dated November 3, 2011 as filed pursuant to Rule 424(b)(4) with the Securities and Exchange Commission on November 7, 2011 for further details on the cash forecast and its underlying assumptions) and the outlook for our nitrogen fertilizer businesses in 2012.
Trust units are entitled to receive 50% of any cash available for distribution in excess of the Incentive Threshold for the quarter, which for the period from June 1, 2011 through August 31, 2011 was approximately $0.
Regency makes distribution determinations based on its cash available for distribution and the perceived sustainability of distribution levels over an extended period.
In the fourth quarter of 2009, Regency generated $28 million in cash available for distribution, representing coverage of 0.
In conjunction with the acquisition, NRG Yield is increasing its full-year 2015 Adjusted EBITDA guidance to USD705m from USD585m, and Cash Available for Distribution (CAFD) guidance to USD195m from USD160m.
In the third quarter 2009, Regency generated $36 million in cash available for distribution, representing coverage of 0.
In the second quarter 2009, Regency generated $31 million in cash available for distribution, representing coverage of 0.
In the first quarter 2009, Regency generated $41 million in cash available for distribution, representing coverage of 1.
In the fourth quarter 2008, Regency generated $41 million in cash available for distribution, representing coverage of 1.
In the third quarter 2008, Regency generated $48 million in cash available for distribution, representing coverage of 1.