text
stringlengths
8.4k
12.7k
summary
stringlengths
970
2.38k
score
int64
0
1
given the fixed price nature of much of our project work , if our initial estimate of project costs is wrong or we incur cost overruns that can not be recovered in change orders , we can experience reduced profits or even significant losses on fixed price project work . we also perform some project work on a cost‑plus ...
debt revolving credit facility we have a $ 400.0 million senior credit facility ( the “ facility ” ) provided by a syndicate of banks , with a $ 100 million accordion option . the facility , which is available for borrowings and letters of credit , expires in april 2023 and is secured by a first lien on substantially a...
1
our vm solutions ( including vm , cm , tp , cloud agent for vm , allocated scanner revenue and qualys private cloud platform ) have provided a majority of our revenues to date , representing 73 % of total revenue in 2019 and 74 % of total revenues in each of 2018 and 2017 , respectively . 41 we provide our solutions th...
debt revolving credit facility we have a $ 400.0 million senior credit facility ( the “ facility ” ) provided by a syndicate of banks , with a $ 100 million accordion option . the facility , which is available for borrowings and letters of credit , expires in april 2023 and is secured by a first lien on substantially a...
0
our vm solutions ( including vm , cm , tp , cloud agent for vm , allocated scanner revenue and qualys private cloud platform ) have provided a majority of our revenues to date , representing 73 % of total revenue in 2019 and 74 % of total revenues in each of 2018 and 2017 , respectively . 41 we provide our solutions th...
cash flows the following summary of cash flows for the periods indicated has been derived from our consolidated financial statements included elsewhere in this report : replace_table_token_11_th cash flows from operating activities in 2019 , cash provided by operating activities of $ 160.6 million was primarily due to ...
1
t he casino began operating on a limited basis i n february 2015 , and we expect the casino will continue limited operations until its gaming license expires in may 201 7 . · w e have a 75 % ownership interest in cdr and we consolidate cdr as a majority-owned subsidiary for which we have a controlling financial interes...
cash flows the following summary of cash flows for the periods indicated has been derived from our consolidated financial statements included elsewhere in this report : replace_table_token_11_th cash flows from operating activities in 2019 , cash provided by operating activities of $ 160.6 million was primarily due to ...
0
t he casino began operating on a limited basis i n february 2015 , and we expect the casino will continue limited operations until its gaming license expires in may 201 7 . · w e have a 75 % ownership interest in cdr and we consolidate cdr as a majority-owned subsidiary for which we have a controlling financial interes...
restrict incurrence of additional debt , and require cpl to maintain debt ratios and a current liquidity ratio of 0.6 or higher . on march 26 , 2015 , cpl and mbank amended the credit agreement to lower the current liquidity ratio to 0.5. cpl was in compliance with all covenants of this credit agreement as of december ...
1
our custom data center , or c1 , customers typically are large enterprises with significant it expertise and specific it requirements , including financial institutions , “big four” accounting firms and the world 's largest global internet companies . our colocation , or c2 , customers consist of a wide range of organi...
restrict incurrence of additional debt , and require cpl to maintain debt ratios and a current liquidity ratio of 0.6 or higher . on march 26 , 2015 , cpl and mbank amended the credit agreement to lower the current liquidity ratio to 0.5. cpl was in compliance with all covenants of this credit agreement as of december ...
0
our custom data center , or c1 , customers typically are large enterprises with significant it expertise and specific it requirements , including financial institutions , “big four” accounting firms and the world 's largest global internet companies . our colocation , or c2 , customers consist of a wide range of organi...
cash flows replace_table_token_42_th year ended december 31 , 2013 compared to year ended december 31 , 2012 cash flow provided by operating activities was $ 60.1 million for the year ended december 31 , 2013 , compared to $ 35.1 million for the year ended december 31 , 2012. the increased cash flow provided by operati...
1
the program includes , among other things , the elimination of full-time positions and facilities consolidation . we currently expect to record in the aggregate approximately $ 60.0 million to $ 100.0 million in pre-tax restructuring charges associated with this program . included in these pre-tax charges are approxima...
cash flows replace_table_token_42_th year ended december 31 , 2013 compared to year ended december 31 , 2012 cash flow provided by operating activities was $ 60.1 million for the year ended december 31 , 2013 , compared to $ 35.1 million for the year ended december 31 , 2012. the increased cash flow provided by operati...
0
the program includes , among other things , the elimination of full-time positions and facilities consolidation . we currently expect to record in the aggregate approximately $ 60.0 million to $ 100.0 million in pre-tax restructuring charges associated with this program . included in these pre-tax charges are approxima...
liquidity and capital resources during 2017 , we generated continuing operating cash flows of $ 964.3 million . these operating cash flows related primarily to net income from continuing operations of $ 22.0 million , adjusted for , among other things , non-cash charges , depreciation and amortization expenses of $ 170...
1
abnormal variances from excess capacity or under-utilization of fixed production overheads are expensed in the period incurred . our inventories are not generally subject to obsolescence due to spoilage or expiring product life cycles . we assess inventory obsolescence routinely and record a reserve when inventory item...
liquidity and capital resources during 2017 , we generated continuing operating cash flows of $ 964.3 million . these operating cash flows related primarily to net income from continuing operations of $ 22.0 million , adjusted for , among other things , non-cash charges , depreciation and amortization expenses of $ 170...
0
abnormal variances from excess capacity or under-utilization of fixed production overheads are expensed in the period incurred . our inventories are not generally subject to obsolescence due to spoilage or expiring product life cycles . we assess inventory obsolescence routinely and record a reserve when inventory item...
liquidity and capital resources amounts outstanding under our $ 100 million credit facility and our fixed rate notes as of december 31 , 2012 were $ 38.1 million ( including $ 0.1 million under our swing line of credit ) and $ 31.4 million , respectively . as of december 31 , 2012 , we can borrow up to an additional $ ...
1
our 2016 dividend payments are expected to be approximately $ 123 million assuming no change in the quarterly dividend rate of $ 0.25 per share or material changes in the number of shares outstanding . we made no discretionary pension contributions in 2015 or 2014 . we have no mandatory pension contributions in 2016 bu...
liquidity and capital resources amounts outstanding under our $ 100 million credit facility and our fixed rate notes as of december 31 , 2012 were $ 38.1 million ( including $ 0.1 million under our swing line of credit ) and $ 31.4 million , respectively . as of december 31 , 2012 , we can borrow up to an additional $ ...
0
our 2016 dividend payments are expected to be approximately $ 123 million assuming no change in the quarterly dividend rate of $ 0.25 per share or material changes in the number of shares outstanding . we made no discretionary pension contributions in 2015 or 2014 . we have no mandatory pension contributions in 2016 bu...
liquidity facilities term credit agreement on august 5 , 2015 , the company entered into a credit agreement with cobank , acb , as administrative agent , and a syndicate of farm credit institutions and other commercial banks to provide $ 550 million of new credit facilities , including a nine-year $ 350 million term lo...
1
the average menu price increase was 4.0 % in 2020 over 2019. there were thirty restaurants included in the same store sales base at the end of the fiscal year . additionally , net revenues for fiscal 2020 were reduced by $ 148,000 in lower franchise royalties and license fees compared to the prior fiscal year , primari...
liquidity facilities term credit agreement on august 5 , 2015 , the company entered into a credit agreement with cobank , acb , as administrative agent , and a syndicate of farm credit institutions and other commercial banks to provide $ 550 million of new credit facilities , including a nine-year $ 350 million term lo...
0
the average menu price increase was 4.0 % in 2020 over 2019. there were thirty restaurants included in the same store sales base at the end of the fiscal year . additionally , net revenues for fiscal 2020 were reduced by $ 148,000 in lower franchise royalties and license fees compared to the prior fiscal year , primari...
liquidity and capital resources please see “ item 1 business-recent developments ” for a discussion of the covid-19 pandemic 's impact on our liquidity . cash and working capital : as of september 29 , 2020 , we had a working capital deficit of $ 5,145,000. our working capital position benefits from the fact that we ge...
1
our revenue is generated from a combination of third-party payors , institutions and self-payors , including private and government employers . payments for our products by third party payors have been made primarily through case-by-case determinations . third-party payors include , without limitation , private insuran...
liquidity and capital resources please see “ item 1 business-recent developments ” for a discussion of the covid-19 pandemic 's impact on our liquidity . cash and working capital : as of september 29 , 2020 , we had a working capital deficit of $ 5,145,000. our working capital position benefits from the fact that we ge...
0
our revenue is generated from a combination of third-party payors , institutions and self-payors , including private and government employers . payments for our products by third party payors have been made primarily through case-by-case determinations . third-party payors include , without limitation , private insuran...
loss on extinguishment of debt loss on extinguishment of debt of $ 313 thousand during 2017 is due to amending of our debt under the loan agreement with kreos , such that $ 3.0 million in principal is now subject to the kreos convertible note . the entry into the kreos convertible note , which decreased the outstanding...
1
on july 1 , 2013 , we completed the initial public offering , or ipo , of our common stock pursuant to a registration statement on form s-1 whereby we sold 5,000,000 shares of common stock at a price of $ 14.00 per share . on july 11 , 2013 , the underwriters exercised their over-allotment option in full and purchased ...
loss on extinguishment of debt loss on extinguishment of debt of $ 313 thousand during 2017 is due to amending of our debt under the loan agreement with kreos , such that $ 3.0 million in principal is now subject to the kreos convertible note . the entry into the kreos convertible note , which decreased the outstanding...
0
on july 1 , 2013 , we completed the initial public offering , or ipo , of our common stock pursuant to a registration statement on form s-1 whereby we sold 5,000,000 shares of common stock at a price of $ 14.00 per share . on july 11 , 2013 , the underwriters exercised their over-allotment option in full and purchased ...
liquidity and capital resources we have funded our operations to date primarily through proceeds from sales of preferred stock , convertible promissory notes and warrants , public offerings of common stock and the incurrence of indebtedness . to date , we have not generated any revenue , and we anticipate that we will ...
1
our customers rely on seismic data to identify areas where subsurface conditions are favorable for the accumulation of existing hydrocarbons , to optimize the development and production of hydrocarbon reservoirs , to better delineate existing oil and natural gas fields , and to augment reservoir management techniques ....
liquidity and capital resources we have funded our operations to date primarily through proceeds from sales of preferred stock , convertible promissory notes and warrants , public offerings of common stock and the incurrence of indebtedness . to date , we have not generated any revenue , and we anticipate that we will ...
0
our customers rely on seismic data to identify areas where subsurface conditions are favorable for the accumulation of existing hydrocarbons , to optimize the development and production of hydrocarbon reservoirs , to better delineate existing oil and natural gas fields , and to augment reservoir management techniques ....
cash flows from operating activities . net cash provided by operating activities was $ 22,969,342 for the year ended december 31 , 2013 , compared to $ 39,283,062 for the same period of 2012. the $ 16,313,720 decrease was principally attributable to a net loss of $ 6,316,041 in 2013 as compared to net income of $ 15,67...
1
on may 28 , 2010 , we acquired black diamond equipment , ltd. ( which may be referred to as “ black diamond equipment ” or “ bdel ” ) and gregory mountain products ( which may be referred to as “ gregory mountain products ” or “ gmp ” ) ( the “ mergers ” ) . because the company had no operations at the time of our acqu...
cash flows from operating activities . net cash provided by operating activities was $ 22,969,342 for the year ended december 31 , 2013 , compared to $ 39,283,062 for the same period of 2012. the $ 16,313,720 decrease was principally attributable to a net loss of $ 6,316,041 in 2013 as compared to net income of $ 15,67...
0
on may 28 , 2010 , we acquired black diamond equipment , ltd. ( which may be referred to as “ black diamond equipment ” or “ bdel ” ) and gregory mountain products ( which may be referred to as “ gregory mountain products ” or “ gmp ” ) ( the “ mergers ” ) . because the company had no operations at the time of our acqu...
net cash from operating activities consolidated net cash used in operating activities was $ 3,441 during the year ended december 31 , 2012 compared to consolidated net cash used in operating activities of $ 5,067 during the year ended december 31 , 2011. the decrease in net cash used in operating activities during 2012...
1
factors that could cause or contribute to these differences include those discussed below and elsewhere in this annual report , particularly in the “ risk factors ” section . for more information regarding key factors affecting our performance , see “ key factors affecting our performance ” below . overview business et...
net cash from operating activities consolidated net cash used in operating activities was $ 3,441 during the year ended december 31 , 2012 compared to consolidated net cash used in operating activities of $ 5,067 during the year ended december 31 , 2011. the decrease in net cash used in operating activities during 2012...
0
factors that could cause or contribute to these differences include those discussed below and elsewhere in this annual report , particularly in the “ risk factors ” section . for more information regarding key factors affecting our performance , see “ key factors affecting our performance ” below . overview business et...
cash net income of $ 139.6 million as a result of increased revenue generated on our platform , and changes in our operating assets and liabilities that provided $ 59.3 million in cash , largely driven by timing of collections of accounts receivable due to the launch of our redesigned payment account in the fourth quar...
1
we intend to begin commercial sales of t : flex in the united states during the second quarter of 2015. we consider the number of units shipped per quarter to be an important metric for managing our business . since the launch of t : slim , we have shipped approximately 18,300 pumps as of december 31 , 2014 , broken do...
cash net income of $ 139.6 million as a result of increased revenue generated on our platform , and changes in our operating assets and liabilities that provided $ 59.3 million in cash , largely driven by timing of collections of accounts receivable due to the launch of our redesigned payment account in the fourth quar...
0
we intend to begin commercial sales of t : flex in the united states during the second quarter of 2015. we consider the number of units shipped per quarter to be an important metric for managing our business . since the launch of t : slim , we have shipped approximately 18,300 pumps as of december 31 , 2014 , broken do...
liquidity and capital resources at december 31 , 2014 , we had $ 69.3 million in cash and cash equivalents and short-term investments , which included $ 2.0 million of restricted cash . we believe that our cash on hand , cash available under our new tranche term loan agreement with capital royalty partners and proceeds...
1
interest ( expense ) includes interest on outstanding borrowings , commitment fees charged on the unused portion of 25 our revolving credit facility and contingent consideration , as more fully described in this item 7 , under “liquidity and capital resources.” other income ( expense ) , net includes gains and losses o...
liquidity and capital resources at december 31 , 2014 , we had $ 69.3 million in cash and cash equivalents and short-term investments , which included $ 2.0 million of restricted cash . we believe that our cash on hand , cash available under our new tranche term loan agreement with capital royalty partners and proceeds...
0
interest ( expense ) includes interest on outstanding borrowings , commitment fees charged on the unused portion of 25 our revolving credit facility and contingent consideration , as more fully described in this item 7 , under “liquidity and capital resources.” other income ( expense ) , net includes gains and losses o...
liquidity and capital resources our primary sources of liquidity are generally cash flows generated by operating activities and from available borrowings under our revolving credit facility . we utilize these capital resources to make capital expenditures associated primarily with our customer engagement services , inv...
1
we continue to develop initiatives to build strong relationships with consumers , dental , veterinary and skin health professionals and traditional and ecommerce retailers . in addition , we continue to invest behind our brands , not just in terms of advertising , but also to build key growth capabilities in areas such...
liquidity and capital resources our primary sources of liquidity are generally cash flows generated by operating activities and from available borrowings under our revolving credit facility . we utilize these capital resources to make capital expenditures associated primarily with our customer engagement services , inv...
0
we continue to develop initiatives to build strong relationships with consumers , dental , veterinary and skin health professionals and traditional and ecommerce retailers . in addition , we continue to invest behind our brands , not just in terms of advertising , but also to build key growth capabilities in areas such...
liquidity and capital resources the company expects cash flow from operations and debt issuances will be sufficient to meet foreseeable business operating and recurring cash needs ( including for debt service , dividends , capital expenditures , stock repurchases and acquisitions ) . the company believes its strong cas...
1
included in consolidated net realized investments gains and other for the year ended december 31 , 2014 was a $ 2.0 million gain resulting from the extinguishment of one of our junior subordinated debentures and a $ 4.0 million in realized losses resulting from the write-down of an asset held for sale . included in con...
liquidity and capital resources the company expects cash flow from operations and debt issuances will be sufficient to meet foreseeable business operating and recurring cash needs ( including for debt service , dividends , capital expenditures , stock repurchases and acquisitions ) . the company believes its strong cas...
0
included in consolidated net realized investments gains and other for the year ended december 31 , 2014 was a $ 2.0 million gain resulting from the extinguishment of one of our junior subordinated debentures and a $ 4.0 million in realized losses resulting from the write-down of an asset held for sale . included in con...
liquidity and capital resources the primary sources of our cash flows are premiums , reinsurance recoveries , proceeds from sales and redemptions of investments and investment income . the primary cash outflows are claim payments , loss adjustment expenses , reinsurance costs and operating expenses . the nature of insu...
1
no significant integration costs are anticipated in the future , as such the majority of the acquisition and integration related costs have been paid as of december 31 , 2011. since the wag acquisition , certain residual wag operations have been separately accounted for during the integration process . these operations...
liquidity and capital resources the primary sources of our cash flows are premiums , reinsurance recoveries , proceeds from sales and redemptions of investments and investment income . the primary cash outflows are claim payments , loss adjustment expenses , reinsurance costs and operating expenses . the nature of insu...
0
no significant integration costs are anticipated in the future , as such the majority of the acquisition and integration related costs have been paid as of december 31 , 2011. since the wag acquisition , certain residual wag operations have been separately accounted for during the integration process . these operations...
cash flows the following table summarizes the key cash flow metrics from our consolidated statements of cash flow for fiscal 2009 , fiscal 2010 and fiscal 2011 , respectively , ended : replace_table_token_28_th operating activities net cash provided by operating activities increased by approximately $ 12.1 million for ...
1
further , we believe that we are experiencing an improving but still uncertain global macroeconomic environment in which our customers exercise care and conservatism in their investment prioritization and project deployments . we expect that our customers will remain thoughtful with their capital spending . we believe ...
cash flows the following table summarizes the key cash flow metrics from our consolidated statements of cash flow for fiscal 2009 , fiscal 2010 and fiscal 2011 , respectively , ended : replace_table_token_28_th operating activities net cash provided by operating activities increased by approximately $ 12.1 million for ...
0
further , we believe that we are experiencing an improving but still uncertain global macroeconomic environment in which our customers exercise care and conservatism in their investment prioritization and project deployments . we expect that our customers will remain thoughtful with their capital spending . we believe ...
liquidity and capital resources historically , we have funded our business primarily through our operating activities , the issuance of our common stock , and the issuance of our long-term debt . the following table shows our capital resources ( in millions , except percentages ) : replace_table_token_16_th 46 the sign...
1
based on our historical experience , calculating the contractual allowance reserve percentage at the payor level is sufficient to allow us to provide the necessary detail and accuracy with our collectibility estimates . however , the services authorized and provided and related reimbursement are subject to interpretati...
liquidity and capital resources historically , we have funded our business primarily through our operating activities , the issuance of our common stock , and the issuance of our long-term debt . the following table shows our capital resources ( in millions , except percentages ) : replace_table_token_16_th 46 the sign...
0
based on our historical experience , calculating the contractual allowance reserve percentage at the payor level is sufficient to allow us to provide the necessary detail and accuracy with our collectibility estimates . however , the services authorized and provided and related reimbursement are subject to interpretati...
liquidity and capital resources we believe that our business is generating sufficient cash flow from operating activities to allow us to meet our short-term and long-term cash requirements , other than those with respect to future significant acquisitions . at december 31 , 2014 , we had $ 14.3 million in cash and cash...
1
the regulated companies estimate unbilled sales volumes monthly by first allocating billed sales volumes to the current calendar month based on the daily load ( for electric distribution companies ) or the daily send-out ( for natural gas distribution companies ) for each billing cycle . the billed sales volumes are th...
liquidity and capital resources we believe that our business is generating sufficient cash flow from operating activities to allow us to meet our short-term and long-term cash requirements , other than those with respect to future significant acquisitions . at december 31 , 2014 , we had $ 14.3 million in cash and cash...
0
the regulated companies estimate unbilled sales volumes monthly by first allocating billed sales volumes to the current calendar month based on the daily load ( for electric distribution companies ) or the daily send-out ( for natural gas distribution companies ) for each billing cycle . the billed sales volumes are th...
liquidity cash totaled $ 6.6 million as of december 31 , 2016 , compared with $ 1.1 million as of december 31 , 2015. eversource parent has a $ 1.45 billion commercial paper program allowing eversource parent to issue commercial paper as a form of short-term debt , with intercompany loans to certain subsidiaries , incl...
1
see note 3 titled “ investment in real estate ” and note 4 titled “ dispositions ” in part ii , item 8 , of the consolidated financial statements and notes thereto , appearing elsewhere in this annual report on form 10-k for additional information concerning these transactions . merger with apple ten effective septembe...
liquidity cash totaled $ 6.6 million as of december 31 , 2016 , compared with $ 1.1 million as of december 31 , 2015. eversource parent has a $ 1.45 billion commercial paper program allowing eversource parent to issue commercial paper as a form of short-term debt , with intercompany loans to certain subsidiaries , incl...
0
see note 3 titled “ investment in real estate ” and note 4 titled “ dispositions ” in part ii , item 8 , of the consolidated financial statements and notes thereto , appearing elsewhere in this annual report on form 10-k for additional information concerning these transactions . merger with apple ten effective septembe...
liquidity and capital resources contractual commitments the following is a summary of the company 's significant contractual obligations as of december 31 , 2017 ( in thousands ) : replace_table_token_21_th capital resources the company 's principal daily sources of liquidity are the operating cash flow generated from ...
1
the increase in gross profit as a percentage of net sales was primarily related to a decrease in material related costs partially offset by an increase in certain overhead costs . the level of gross margin is impacted by product mix , timing of the startup of new programs , facility utilization , pricing within the ele...
liquidity and capital resources contractual commitments the following is a summary of the company 's significant contractual obligations as of december 31 , 2017 ( in thousands ) : replace_table_token_21_th capital resources the company 's principal daily sources of liquidity are the operating cash flow generated from ...
0
the increase in gross profit as a percentage of net sales was primarily related to a decrease in material related costs partially offset by an increase in certain overhead costs . the level of gross margin is impacted by product mix , timing of the startup of new programs , facility utilization , pricing within the ele...
capital resources and liquidity operating cash flow net cash provided by operating activities for fiscal year 2017 was $ 9.4 million compared to net cash provided by operating activities of $ 4.6 million and $ 7.7 million in fiscal years 2016 and 2015 , respectively . the $ 9.4 million of net cash provided by operating...
1
christiana trust , with $ 8.9 billion in assets under administration , provides fiduciary and investment services to personal trust clients , and trustee , agency , custodial and commercial domicile services to corporate and institutional clients . wsfs private banking serves high net worth clients by delivering credit...
capital resources and liquidity operating cash flow net cash provided by operating activities for fiscal year 2017 was $ 9.4 million compared to net cash provided by operating activities of $ 4.6 million and $ 7.7 million in fiscal years 2016 and 2015 , respectively . the $ 9.4 million of net cash provided by operating...
0
christiana trust , with $ 8.9 billion in assets under administration , provides fiduciary and investment services to personal trust clients , and trustee , agency , custodial and commercial domicile services to corporate and institutional clients . wsfs private banking serves high net worth clients by delivering credit...
capital resources under guidelines issued by banking regulators , savings institutions such as the bank must maintain “tangible” capital equal to 1.5 % of adjusted total assets , “core” capital equal to 4.0 % of adjusted total assets , “tier 1” capital equal to 4.0 % of risk weighted assets and “total” or “risk-based” ...
1
this transaction resulted in net proceeds of $ 189.0 million , after deducting underwriting discounts and commissions and offering expenses . during the first and second quarters of 2019 , we entered into separate , privately negotiated exchange agreements ( the `` exchange agreements `` ) with a limited number of hold...
capital resources under guidelines issued by banking regulators , savings institutions such as the bank must maintain “tangible” capital equal to 1.5 % of adjusted total assets , “core” capital equal to 4.0 % of adjusted total assets , “tier 1” capital equal to 4.0 % of risk weighted assets and “total” or “risk-based” ...
0
this transaction resulted in net proceeds of $ 189.0 million , after deducting underwriting discounts and commissions and offering expenses . during the first and second quarters of 2019 , we entered into separate , privately negotiated exchange agreements ( the `` exchange agreements `` ) with a limited number of hold...
net cash used in operating activities net cash used in operations for the year ended december 31 , 2019 was $ 250.4 million . the components of net cash used in operations included the net loss for the year ended december 31 , 2019 of $ 356.4 million and the net change in operating assets and liabilities of $ 11.6 mill...
1
similar to other companies in our industry , we experience a high level of turnover among our distributors . as a result , it is important that we regularly introduce innovative and compelling products and initiatives in order to maintain a compelling business opportunity that will attract new distributors . we have al...
net cash used in operating activities net cash used in operations for the year ended december 31 , 2019 was $ 250.4 million . the components of net cash used in operations included the net loss for the year ended december 31 , 2019 of $ 356.4 million and the net change in operating assets and liabilities of $ 11.6 mill...
0
similar to other companies in our industry , we experience a high level of turnover among our distributors . as a result , it is important that we regularly introduce innovative and compelling products and initiatives in order to maintain a compelling business opportunity that will attract new distributors . we have al...
liquidity and capital resources historically , our principal uses of cash have included operating expenses , particularly selling expenses , and working capital ( principally inventory purchases ) , as well as capital expenditures , stock repurchases , dividends , debt repayment , and the development of operations in n...
1
`` we and celgene are planning regulatory application submissions for luspatercept in both mds and beta-thalassemia in the united states in april 2019 and in europe in the first half of 2019. in addition to the medalist and believe phase 3 clinical trials with luspatercept , celgene is currently conducting a phase 2 cl...
liquidity and capital resources historically , our principal uses of cash have included operating expenses , particularly selling expenses , and working capital ( principally inventory purchases ) , as well as capital expenditures , stock repurchases , dividends , debt repayment , and the development of operations in n...
0
`` we and celgene are planning regulatory application submissions for luspatercept in both mds and beta-thalassemia in the united states in april 2019 and in europe in the first half of 2019. in addition to the medalist and believe phase 3 clinical trials with luspatercept , celgene is currently conducting a phase 2 cl...
cash flows the following table sets forth the primary sources and uses of cash for each of the years set forth below : replace_table_token_9_th operating activities . net cash used in operating activities was $ 94.7 million for the year ended december 31 , 2018 , compared to $ 76.5 million and $ 44.5 million for the ye...
1
, credit card , auto lending , retail credit , mortgages ) and the utility and insurance industries . the technology services segment principally consists of our realsuite tm applications as well as our information technology ( “it” ) infrastructure services . the realsuite tm platform provides a fully integrated set o...
cash flows the following table sets forth the primary sources and uses of cash for each of the years set forth below : replace_table_token_9_th operating activities . net cash used in operating activities was $ 94.7 million for the year ended december 31 , 2018 , compared to $ 76.5 million and $ 44.5 million for the ye...
0
, credit card , auto lending , retail credit , mortgages ) and the utility and insurance industries . the technology services segment principally consists of our realsuite tm applications as well as our information technology ( “it” ) infrastructure services . the realsuite tm platform provides a fully integrated set o...
cash flows the following table presents our cash flows for the years ended december 31 : replace_table_token_18_th n/m — not meaningful . cash flows from operating activities cash flows from operating activities are generally the cash effects of transactions and events that factor into the determination of net income ....
1
on may 13 , 2016 , giggles n ' hugs , inc. entered into a termination of lease agreement with century city mall , llc ( “ landlord ” ) , accelerating the termination date of the lease dated january 13 , 2010 for its store located in westfield century city , los angeles , california . pursuant to the agreement , the lea...
cash flows the following table presents our cash flows for the years ended december 31 : replace_table_token_18_th n/m — not meaningful . cash flows from operating activities cash flows from operating activities are generally the cash effects of transactions and events that factor into the determination of net income ....
0
on may 13 , 2016 , giggles n ' hugs , inc. entered into a termination of lease agreement with century city mall , llc ( “ landlord ” ) , accelerating the termination date of the lease dated january 13 , 2010 for its store located in westfield century city , los angeles , california . pursuant to the agreement , the lea...
liquidity and capital resources as of january 1 , 2017 , we had $ 144,520 in cash and cash equivalents . the following table provides detailed information about our net cash flow for all financial statement periods presented in this annual report . to date , we have financed our operations through the issuance of stock...
1
approximately 69 % of the executive searches we performed in fiscal 2018 were for board level , chief executive and other senior executive and general management positions . our 3,773 search engagement clients in fiscal 2018 included many of the world 's largest and most prestigious public and private companies . we ha...
liquidity and capital resources as of january 1 , 2017 , we had $ 144,520 in cash and cash equivalents . the following table provides detailed information about our net cash flow for all financial statement periods presented in this annual report . to date , we have financed our operations through the issuance of stock...
0
approximately 69 % of the executive searches we performed in fiscal 2018 were for board level , chief executive and other senior executive and general management positions . our 3,773 search engagement clients in fiscal 2018 included many of the world 's largest and most prestigious public and private companies . we ha...
liquidity and capital resources the company and its board of directors endorse a balanced approach to capital allocation . the company 's priority is to invest in growth initiatives , such as the hiring of consultants , the continued development of ip and derivative products and services , and the investment in synergi...
1
we remain uncertain as to how long current macroeconomic and industry conditions will persist , the pace of any recovery , and the magnitude of the effect of these conditions on the growth of our markets and business , as well as our results of operations . we continue to encounter a highly competitive marketplace for ...
liquidity and capital resources the company and its board of directors endorse a balanced approach to capital allocation . the company 's priority is to invest in growth initiatives , such as the hiring of consultants , the continued development of ip and derivative products and services , and the investment in synergi...
0
we remain uncertain as to how long current macroeconomic and industry conditions will persist , the pace of any recovery , and the magnitude of the effect of these conditions on the growth of our markets and business , as well as our results of operations . we continue to encounter a highly competitive marketplace for ...
cash used by accounts receivable during fiscal 2011 , net of $ 1.7 million in provision for doubtful accounts , was $ 75.6 million primarily due to increased sales volume . our days sales outstanding ( dsos ) decreased from 100 days for fiscal 2010 to 86 days for fiscal 2011 . our dsos level for fiscal 2010 largely ref...
1
the state has implemented a four phase reopening plan that requires benchmarks be met for a certain period of time before transitioning from one phase to another . in north dakota , the governor did not issue an order requiring individuals to stay at home , but placed certain restrictions on bars , restaurants and gyms...
cash used by accounts receivable during fiscal 2011 , net of $ 1.7 million in provision for doubtful accounts , was $ 75.6 million primarily due to increased sales volume . our days sales outstanding ( dsos ) decreased from 100 days for fiscal 2010 to 86 days for fiscal 2011 . our dsos level for fiscal 2010 largely ref...
0
the state has implemented a four phase reopening plan that requires benchmarks be met for a certain period of time before transitioning from one phase to another . in north dakota , the governor did not issue an order requiring individuals to stay at home , but placed certain restrictions on bars , restaurants and gyms...
borrowings and subordinated debt we utilize both short-term and long-term borrowings as part of our asset/liability management and funding strategies . short-term borrowings consists of fhlb advances and federal funds purchased . we had no short-term borrowings outstanding at december 31 , 2020 or december 31 , 2019. f...
1
accordingly , the results of medicomp , inc. , including the gain recognized on its disposal , have been included in discontinued operations for each of the three years in the three-year period ended december 31 , 2011 on our consolidated statements of operations . refer to note 18 — sale of medicomp , inc. to our cons...
borrowings and subordinated debt we utilize both short-term and long-term borrowings as part of our asset/liability management and funding strategies . short-term borrowings consists of fhlb advances and federal funds purchased . we had no short-term borrowings outstanding at december 31 , 2020 or december 31 , 2019. f...
0
accordingly , the results of medicomp , inc. , including the gain recognized on its disposal , have been included in discontinued operations for each of the three years in the three-year period ended december 31 , 2011 on our consolidated statements of operations . refer to note 18 — sale of medicomp , inc. to our cons...
debt to the consolidated financial statements included in this annual report on form 10-k for details . other noncurrent liabilities at december 31 , 2011 were $ 80.5 million , compared to $ 39.3 million at december 31 , 2010. the $ 41.2 million increase was largely due to the recognition of the net , non-current porti...
1
in the fourth quarter of 2017 , we recorded non-cash goodwill impairment charge associated with our personal care segment of $ 578 million . see item 8 , financial statements and supplementary data under note 15 “ closure and restructuring costs and liability ” and note 4 “ impairment of property , plant and equipment ...
debt to the consolidated financial statements included in this annual report on form 10-k for details . other noncurrent liabilities at december 31 , 2011 were $ 80.5 million , compared to $ 39.3 million at december 31 , 2010. the $ 41.2 million increase was largely due to the recognition of the net , non-current porti...
0
in the fourth quarter of 2017 , we recorded non-cash goodwill impairment charge associated with our personal care segment of $ 578 million . see item 8 , financial statements and supplementary data under note 15 “ closure and restructuring costs and liability ” and note 4 “ impairment of property , plant and equipment ...
capital resources net indebtedness , consisting of long-term debt , net of cash and cash equivalents , was $ 743 million as of december 31 , 2018 compared to $ 991 million as of december 31 , 2017. notes maturity our 10.75 % notes , in aggregate principal amount of $ 63 million , matured on june 1 , 2017. our 9.5 % not...
1
additional factors that influence the level of drilling activity include : historical , current , and anticipated future o & g prices , 20 federal , state and local governmental actions that may encourage or discourage drilling activity , customers ' strategies relative to capital funds allocations , weather conditions...
capital resources net indebtedness , consisting of long-term debt , net of cash and cash equivalents , was $ 743 million as of december 31 , 2018 compared to $ 991 million as of december 31 , 2017. notes maturity our 10.75 % notes , in aggregate principal amount of $ 63 million , matured on june 1 , 2017. our 9.5 % not...
0
additional factors that influence the level of drilling activity include : historical , current , and anticipated future o & g prices , 20 federal , state and local governmental actions that may encourage or discourage drilling activity , customers ' strategies relative to capital funds allocations , weather conditions...
capital resources and liquidity overview the company 's ongoing capital requirements arise from the company 's needs to service debt , acquire and maintain equipment , fund working capital requirements and when the opportunities arise , to make strategic acquisitions . the company funds its operating and capital requir...
1
sales of assets in the other periods presented were not significant . income tax provision the income tax provision of ngl supply fluctuates based on the level of realized pretax income . as a percentage of pretax income , the variance from the expected or statutory rate of 35 % is due to the effects of state income ta...
capital resources and liquidity overview the company 's ongoing capital requirements arise from the company 's needs to service debt , acquire and maintain equipment , fund working capital requirements and when the opportunities arise , to make strategic acquisitions . the company funds its operating and capital requir...
0
sales of assets in the other periods presented were not significant . income tax provision the income tax provision of ngl supply fluctuates based on the level of realized pretax income . as a percentage of pretax income , the variance from the expected or statutory rate of 35 % is due to the effects of state income ta...
cash flows the following summarizes the sources of our cash flows for the periods indicated : replace_table_token_23_th operating activities . the seasonality of our retail propane business , and to an extent , our wholesale supply and marketing business , has a significant effect on our cash flows from operating activ...
1
the allowance is based on two principles of accounting : ( 1 ) financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) topic 450 “ contingencies , ” which requires that losses be accrued when they are probable of occurring and are estimable and ( 2 ) fasb asc 310 “ receivables , ...
cash flows the following summarizes the sources of our cash flows for the periods indicated : replace_table_token_23_th operating activities . the seasonality of our retail propane business , and to an extent , our wholesale supply and marketing business , has a significant effect on our cash flows from operating activ...
0
the allowance is based on two principles of accounting : ( 1 ) financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) topic 450 “ contingencies , ” which requires that losses be accrued when they are probable of occurring and are estimable and ( 2 ) fasb asc 310 “ receivables , ...
liquidity liquidity is our ability to meet cash demands as they arise . such needs can develop from loan demand , deposit withdrawals or acquisition opportunities . potential obligations resulting from the issuance of standby letters of credit and commitments to fund future borrowings to our loan customers are other fa...
1
critical accounting policies and estimates revenue recognition — the company 's two primary business segments include photovoltaic installation , integration and sales , and cable , wire and mechanical assemblies . photovoltaic installation , integration and sales — in our photovoltaic systems installation , integratio...
liquidity liquidity is our ability to meet cash demands as they arise . such needs can develop from loan demand , deposit withdrawals or acquisition opportunities . potential obligations resulting from the issuance of standby letters of credit and commitments to fund future borrowings to our loan customers are other fa...
0
critical accounting policies and estimates revenue recognition — the company 's two primary business segments include photovoltaic installation , integration and sales , and cable , wire and mechanical assemblies . photovoltaic installation , integration and sales — in our photovoltaic systems installation , integratio...
liquidity a summary of the sources and uses of cash and cash equivalents is as follows : replace_table_token_3_th as of december 31 , 2011 , we had $ 23,855,000 in cash and cash equivalents and as of december 31 , 2010 , we had $ 1,441,000 in cash and cash equivalents . this change in cash and cash equivalents is prima...
1
the products and related services consist primarily of : ( i ) capital and consumable products sold to the pressure pumping , hydraulic fracturing and flowback services markets , including hydraulic fracturing pumps , pump consumables , cooling systems and flow iron as well as wireline cable , and pressure control equi...
liquidity a summary of the sources and uses of cash and cash equivalents is as follows : replace_table_token_3_th as of december 31 , 2011 , we had $ 23,855,000 in cash and cash equivalents and as of december 31 , 2010 , we had $ 1,441,000 in cash and cash equivalents . this change in cash and cash equivalents is prima...
0
the products and related services consist primarily of : ( i ) capital and consumable products sold to the pressure pumping , hydraulic fracturing and flowback services markets , including hydraulic fracturing pumps , pump consumables , cooling systems and flow iron as well as wireline cable , and pressure control equi...
net cash provided by operating activities was $ 104.1 million for the year ended december 31 , 2019 compared to $ 2.4 million for the year ended december 31 , 2018 . this improvement is primarily attributable to changes in working capital which provided cash of $ 63.5 million for the year ended december 31 , 2019 compa...
1
gross profit margin decreased to 28.7 percent from 29.3 percent in 2010 and 30.1 percent in 2009 mostly due to the increase in raw material costs . cash flow generated from operating activities was $ 102.5 million in 2011 as compared to $ 74.1 million in 2010 and $ 71.4 million in 2009. we repurchased the 20 percent no...
net cash provided by operating activities was $ 104.1 million for the year ended december 31 , 2019 compared to $ 2.4 million for the year ended december 31 , 2018 . this improvement is primarily attributable to changes in working capital which provided cash of $ 63.5 million for the year ended december 31 , 2019 compa...
0
gross profit margin decreased to 28.7 percent from 29.3 percent in 2010 and 30.1 percent in 2009 mostly due to the increase in raw material costs . cash flow generated from operating activities was $ 102.5 million in 2011 as compared to $ 74.1 million in 2010 and $ 71.4 million in 2009. we repurchased the 20 percent no...
cash flows from operating activities : replace_table_token_39_th net income including non-controlling interest was $ 89.0 million in 2011 , $ 70.4 million in 2010 and $ 83.7 million in 2009. changes in net working capital ( trade receivables , inventory and accounts payable ) accounted for a use of cash of $ 21.5 milli...
1
management focuses on several measurements that we believe provide us with the necessary ratios and key performance indicators to manage our business , determine how we are performing versus our internal goals and targets , and against the performance of our competitors and other benchmarks in the marketplace in which ...
cash flows from operating activities : replace_table_token_39_th net income including non-controlling interest was $ 89.0 million in 2011 , $ 70.4 million in 2010 and $ 83.7 million in 2009. changes in net working capital ( trade receivables , inventory and accounts payable ) accounted for a use of cash of $ 21.5 milli...
0
management focuses on several measurements that we believe provide us with the necessary ratios and key performance indicators to manage our business , determine how we are performing versus our internal goals and targets , and against the performance of our competitors and other benchmarks in the marketplace in which ...
financial condition and liquidity liquidity our cash balances can fluctuate due to the seasonality of our business and related timing of collections of accounts receivable balances and operating expenditure payments , as well as , available cash payments ( as defined in the ncm llc operating agreement ) to ncm llc 's f...
1
pursuant to the additional forward purchaser subscription agreement , immediately prior to the effective time , the forward 56 purchaser purchased from the company 5,000,000 shares of common stock at a purchase price of $ 10.00 per share . as consideration for the additional investment , 25 % of mosaic sponsor llc 's s...
financial condition and liquidity liquidity our cash balances can fluctuate due to the seasonality of our business and related timing of collections of accounts receivable balances and operating expenditure payments , as well as , available cash payments ( as defined in the ncm llc operating agreement ) to ncm llc 's f...
0
pursuant to the additional forward purchaser subscription agreement , immediately prior to the effective time , the forward 56 purchaser purchased from the company 5,000,000 shares of common stock at a purchase price of $ 10.00 per share . as consideration for the additional investment , 25 % of mosaic sponsor llc 's s...
cash flows from financing activities historically , legacy vivint smart home 's cash flows provided by financing activities primarily related to the issuance of debt , all to fund the portion of upfront costs associated with generating new subscribers that were not covered through its operating cash flows or through it...
1
44 financial overview financial results we reported losses from operations of approximately $ 55 million for 2017 , $ 14 million for 2016 and $ 31 million for 2015. we reported net losses of approximately $ 35 million for 2017 , $ 14 million for 2016 and $ 32 million for 2015. our revenue was approximately $ 330 millio...
cash flows from financing activities historically , legacy vivint smart home 's cash flows provided by financing activities primarily related to the issuance of debt , all to fund the portion of upfront costs associated with generating new subscribers that were not covered through its operating cash flows or through it...
0
44 financial overview financial results we reported losses from operations of approximately $ 55 million for 2017 , $ 14 million for 2016 and $ 31 million for 2015. we reported net losses of approximately $ 35 million for 2017 , $ 14 million for 2016 and $ 32 million for 2015. our revenue was approximately $ 330 millio...
of cash . our investing activities provided approximately $ 21 million of cash in 2017 and used approximately $ 27 million of cash in 2016. in 2017 , net sales of our investments in marketable securities provided approximately $ 67 million of cash , of which we used approximately $ 43 million to pay the cash considerat...
1
during 2019 , the company continued to focus on executing its strategic plan – known as “ expanding our reach ” – which focuses on the client experience and organic growth across all lines of business . the strategic plan called for expansion of the company 's wealth management business , organically and through wealth...
of cash . our investing activities provided approximately $ 21 million of cash in 2017 and used approximately $ 27 million of cash in 2016. in 2017 , net sales of our investments in marketable securities provided approximately $ 67 million of cash , of which we used approximately $ 43 million to pay the cash considerat...
0
during 2019 , the company continued to focus on executing its strategic plan – known as “ expanding our reach ” – which focuses on the client experience and organic growth across all lines of business . the strategic plan called for expansion of the company 's wealth management business , organically and through wealth...
subordinated debt : in june 2016 , the company issued $ 50.0 million in aggregate principal amount of fixed-to-floating subordinated notes ( the “ 2016 notes ” ) to certain institutional investors . the 2016 notes are non-callable for five years , have a stated maturity of june 30 , 2026 , and bear interest at a fixed ...
1
we opened four full-service branches in silverdale , bellingham , and bainbridge island , washington and a lending center in seattle , washington . through these new locations , we have realized growth in deposits and expanded our ability to secure customer relationships and lending opportunities outside of our histori...
subordinated debt : in june 2016 , the company issued $ 50.0 million in aggregate principal amount of fixed-to-floating subordinated notes ( the “ 2016 notes ” ) to certain institutional investors . the 2016 notes are non-callable for five years , have a stated maturity of june 30 , 2026 , and bear interest at a fixed ...
0
we opened four full-service branches in silverdale , bellingham , and bainbridge island , washington and a lending center in seattle , washington . through these new locations , we have realized growth in deposits and expanded our ability to secure customer relationships and lending opportunities outside of our histori...
liquidity management liquidity is the ability to meet current and future financial obligations of a short-term and long-term nature . our primary sources of funds consist of deposit inflows , loan repayments , maturities and sales of securities and borrowings from the fhlb . while maturities and scheduled amortization ...
1
based on industry reports , we estimate annual worldwide sales in 2015 for fda-approved recombinant protease products for individuals with hemophilia a and b and an inhibitor were approximately $ 2.4 billion and approximately $ 3.6 billion when including prothrombin complex concentrate products used to treat individual...
liquidity management liquidity is the ability to meet current and future financial obligations of a short-term and long-term nature . our primary sources of funds consist of deposit inflows , loan repayments , maturities and sales of securities and borrowings from the fhlb . while maturities and scheduled amortization ...
0
based on industry reports , we estimate annual worldwide sales in 2015 for fda-approved recombinant protease products for individuals with hemophilia a and b and an inhibitor were approximately $ 2.4 billion and approximately $ 3.6 billion when including prothrombin complex concentrate products used to treat individual...
liquidity and capital resources on august 20 , 2015 , we completed our merger with targacept , which provided $ 41.2 million in cash , cash equivalents and short-term investments . prior to that time , our operations had been financed primarily by net proceeds from the sale of convertible preferred stock , and the issu...
1
ticket monster is an e-commerce company based in the republic of korea that connects merchants to consumers by offering goods and services at a discount . the operations of ticket monster will be reported within our rest of world segment beginning in 2014. on january 13 , 2014 , we acquired ideeli , inc. ( `` ideeli ``...
liquidity and capital resources on august 20 , 2015 , we completed our merger with targacept , which provided $ 41.2 million in cash , cash equivalents and short-term investments . prior to that time , our operations had been financed primarily by net proceeds from the sale of convertible preferred stock , and the issu...
0
ticket monster is an e-commerce company based in the republic of korea that connects merchants to consumers by offering goods and services at a discount . the operations of ticket monster will be reported within our rest of world segment beginning in 2014. on january 13 , 2014 , we acquired ideeli , inc. ( `` ideeli ``...
cash used in investing activities cash used in investing activities primarily consists of capital expenditures , additional investments in subsidiaries , minority investments and acquisitions of businesses . for the year ended december 31 , 2013 , our net cash used in investing activities of $ 96.3 million primarily co...
1
the negative provision in each period was also impacted by other recoveries from our collection efforts and a continual decline in our historical charge-off levels from prior years . we had our fourth consecutive full year of net recoveries in 2016. the following table reflects the provision for loan losses for the pas...
cash used in investing activities cash used in investing activities primarily consists of capital expenditures , additional investments in subsidiaries , minority investments and acquisitions of businesses . for the year ended december 31 , 2013 , our net cash used in investing activities of $ 96.3 million primarily co...
0
the negative provision in each period was also impacted by other recoveries from our collection efforts and a continual decline in our historical charge-off levels from prior years . we had our fourth consecutive full year of net recoveries in 2016. the following table reflects the provision for loan losses for the pas...
cash and cash equivalents : our cash and cash equivalents , which include federal funds sold and short-term investments , were $ 89.8 million at december 31 , 2016 compared to $ 181.5 million at december 31 , 2015. this $ 91.7 million decrease was caused by our efforts to grow loans and investments resulting in the dep...
1
xmax® implements our proprietary interference mitigation software that can increase capacity on already crowded airwaves by improving interference tolerance , enabling the delivery of a comparatively high quality of service where other technologies would not be able to cope with the interference . we believe that the x...
cash and cash equivalents : our cash and cash equivalents , which include federal funds sold and short-term investments , were $ 89.8 million at december 31 , 2016 compared to $ 181.5 million at december 31 , 2015. this $ 91.7 million decrease was caused by our efforts to grow loans and investments resulting in the dep...
0
xmax® implements our proprietary interference mitigation software that can increase capacity on already crowded airwaves by improving interference tolerance , enabling the delivery of a comparatively high quality of service where other technologies would not be able to cope with the interference . we believe that the x...
cash flows the following table sets forth the major components of our statements of cash flows data for the periods presented . replace_table_token_4_th 26 operating activities net cash used in operating activities for the year ended december 31 , 2013 totaled $ 14.4 million as compared to $ 5.6 million for the year en...
1
open-label extension studies are ongoing in ssc and dm following the completion of the phase 2 studies in these indications . the u.s. food and drug administration , or the fda , has granted lenabasum orphan designation as well as fast track status for ssc and cf , and orphan drug designation for dm . the european medi...
cash flows the following table sets forth the major components of our statements of cash flows data for the periods presented . replace_table_token_4_th 26 operating activities net cash used in operating activities for the year ended december 31 , 2013 totaled $ 14.4 million as compared to $ 5.6 million for the year en...
0
open-label extension studies are ongoing in ssc and dm following the completion of the phase 2 studies in these indications . the u.s. food and drug administration , or the fda , has granted lenabasum orphan designation as well as fast track status for ssc and cf , and orphan drug designation for dm . the european medi...
liquidity and capital resources since inception , we have experienced negative cash flows from operations . we have financed our operations primarily through sales of equity-related securities . in addition , the majority of the costs of the phase 2 dm and sle clinical trials have been or are expected to be funded by n...
1
any forward-looking statement speaks only as of the date on which it is made , and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made . in addition , past results of operations are not necessarily indicative of future result...
liquidity and capital resources since inception , we have experienced negative cash flows from operations . we have financed our operations primarily through sales of equity-related securities . in addition , the majority of the costs of the phase 2 dm and sle clinical trials have been or are expected to be funded by n...
0