The Motley Fool

FEBRUARY 8, 2024

2023 was a year of transformational change for our company and for 22,000 Kenvuers around the world. Our teams accomplished a tremendous amount, successfully standing up Kenvue as an independent public company while continuing to drive profitable growth. For taxes, our fourth quarter adjusted effective tax rate was 15.8%.

Taxes 130

Taxes Banks Public Companies Capital 130

The Motley Fool

AUGUST 2, 2024

CFOs are waiting for the long anticipated first interest rate cut by the Fed as well as a relief in property insurance and property tax expenses. During the first half of the year, net apartment demand was over 200,000 apartments matching 2018 and 2019. Transaction teams are waiting for the standoff between buyers and sellers to end.

Taxes 130

Taxes Debt Capital Portfolios 130

The Motley Fool

JULY 25, 2023

Excluding intra-Europe, total cross-border volume remained strong, up 22%, with cross-border travel volume at 136% of 2019. Index to 2019, global payments volume was up 48%. Relative to 2019, U.S. Relative to 2019, international payments volume was up 43%. is still hovering at 2019 levels. Outside the U.S.,

Banks 100

Banks Consultants Consulting Capital 100

The Motley Fool

FEBRUARY 9, 2024

If you go back to the WMIH merger in 2018, which is when we became a fully independent public company, our first priority was deleveraging, which we accomplished by refinancing our senior notes and extending our liquidity runway. The WMIH merger brought us 1 billion in deferred tax assets.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Portfolios Assets 130

The Motley Fool

OCTOBER 25, 2023

Servicing generated 301 million in pre-tax income, although bear in mind the gain from the trust collapse contributed 67 million. Chris joined us in January of 2019 as vice chairman and CFO and quickly enhanced the finance function, implementing bank-like processes as well as pushing for efficiency gains and deleveraging.

Mergers and Acquisitions 100

Mergers and Acquisitions Taxes Banks Capital 100

The Motley Fool

MAY 3, 2024

Starts will likely fall to just over 200,000 apartments in 2025, primarily driven by low income properties using tax credits and other government support. Our outperformance for the first quarter was also driven by $0.015 and lower operating expenses resulting from lower core insurance claims and lower property taxes.

Debt 130

Debt Taxes Capital Portfolios 130

The Motley Fool

OCTOBER 11, 2024

increased 5%, reflecting a higher tax rate compared to a year ago. Our as-adjusted tax rate for the third quarter was 26%. The prior-year quarter included $215 million of discrete tax benefits, while the third quarter of 2024 was impacted by $22 million of discrete expense. Earnings per share of $11.46

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

FEBRUARY 5, 2024

Before turning to the results, I would like to provide some perspective on our company as we celebrated our 30th anniversary as a public company mid-December of last year. I want to thank the entire Simon team who have contributed to 30 years of success as a public company. Thanks, Tom. per share, and returned $2.9

Assets 130

Assets Portfolios Enterprise Values Capital 130

The Motley Fool

JULY 30, 2024

The all-cash structure also eliminates the tax timing impact to IGT shareholders from the previously contemplated equity distribution. As with the initial average transaction, tax leakage from the sale is expected to be modest, up to $100 million or less than $0.50 There is a substantial increase in cash, nearly $1.5 per IGT share.

Bidding 130

Bidding Leveraging Debt Shareholders 130

The Motley Fool

AUGUST 3, 2023

The tax-efficient net unrealized gain on our equity portfolio now stands at $5.4 While we, as a public company, always provide you with the split times quarterly results, we are running a marathon, not a series of sprints. Our effective tax rate for the first half of 2023 was 21%, compared to 22% in the same period last year.

Liabilities 100

Liabilities Asset Management Shareholders Capital 100

The Motley Fool

JULY 25, 2024

Our actions include continued derisking of our pension liabilities with minimal if any tax outlay. While not impacting previously earned benefits, Dow was able to provide a secure, cost-effective way of paying patient benefits in reducing administrative costs and risk to the company. vision plants by the end of 2025. Please go ahead.

Liabilities 130

Liabilities Assets Capital Taxes 130

The Motley Fool

FEBRUARY 4, 2025

And now, we have paid approximately $45 billion to shareholders in dividends over our history as a public company. per share of noncash after-tax gain from the combination of JCPenney and SPARC Group. I think that's still kind of above where you were pre-COVID in 2019. Real estate FFO was $3.35 in the prior year, 3.7%

Assets 130

Assets Portfolios Taxes Debt 130

The Motley Fool

AUGUST 3, 2023

Preliminary July results reflect net revenues down 2% versus the unprecedented performance of July last year, but July's revenues remained up 11% compared to 2019 pre-pandemic levels. The consumer is healthy, and guest spending levels remain elevated compared to 2019 and even to post-pandemic levels. That's helpful.

Capital 100

Capital Leveraging Banks Returns 100

The Motley Fool

JULY 31, 2024

And our stock-based comp expense in Q2 was the lowest in our history as a public company. One example of this is the way we net settle employee RSUs when they vest through this net settlement, company pays the cash for employees payroll, withholding taxes, and withholds an equal amount of shares at the time of vesting.

Legal 130

Legal Capital Public Companies Banks 130

The Motley Fool

NOVEMBER 9, 2023

From a global view, our industry is nearing the $1 trillion TAM we predicted when we launched as a public company seven years ago. When I first mentioned the massive wave of opportunity in 2019 and 2020, one of the major factors in the size of that wave was the rapidly emerging world of CTV. per fully diluted share.

Leveraging 189

Leveraging Capital Companies Taxes 189

The Motley Fool

JULY 27, 2023

In terms of tax rate, we continue to expect an effective tax rate in between the 12% and 13% range for the year. I'd also like to thank our entire finance team for their professional and tirelessly work since we've become a public company. Thank you, and we will now take your questions. And Mobileye has already 120,000.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Taxes Finance 130

The Motley Fool

OCTOBER 31, 2023

And as a result, we reported a pre-tax loss of $8.5 Another headwind to GAAP EPS was $4 million of unfavorable discrete tax expense. Moving on, the non-GAAP effective tax rate was 18% in Q3 of 2023 and 15% in Q3 of 2022. Given the large movement in exchange rates between the U.S. million for the forward contract.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Amortization Capital Leveraging 100

The Motley Fool

NOVEMBER 1, 2023

There were several discrete items in our effective tax rate in the fourth quarter that drove the full year rate to 36.6%, which was well above our expectations. In short, we had valuation allowances against our deferred tax assets in certain jurisdictions that meant credits could not be used in the current period.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Debt Shareholders Leveraging 100

The Motley Fool

AUGUST 20, 2023

This becomes increasingly important with the new SEC rules detailing that all public companies will be required to report material breaches within four business days. First, we expect our non-GAAP tax rate to remain at 22% for the first quarter and fiscal year 2024, subject to the outcome of future tax legislation.

Leveraging 130

Leveraging Banks Taxes Capital 130

Pension Pulse

NOVEMBER 3, 2023

It includes interim targets which hold us accountable now – a 20% reduction of our portfolio carbon footprint by 2025, and 50% by 2030, from our 2019 baseline. We are actively seeking out investments in companies involved in innovative climate solutions, including through an active and dedicated green technologies investment team.

Pension Funds 59

Pension Funds Investing Hedge Funds Assets 59

The Motley Fool

FEBRUARY 13, 2024

Regarding taxes, while we expect to continue to be a modest cash payer in 2024, estimated to be $20 million to $25 million, we are establishing a non-GAAP tax rate of 21% in fiscal year 2024 and going forward. So, that would be consistent with what we've done throughout our history as a public company. Now, to summarize.

Capital 100

Capital Taxes Companies Investors 100

The Motley Fool

FEBRUARY 7, 2024

These trends are consistent with what's been reported over prior quarters, they're driven by improved occupancy growth and rental rate as well as a continued conversion from variable to fixed rent structures with CAM and tax recovery charges. Secondly, we had a $9 million increase in termination income. Year-end 2023 sales were down 1.8%

Debt 130

Debt Assets Capital Banks 130

The Motley Fool

AUGUST 8, 2023

Generally, these trends were due to improvements in occupancy and from continued conversion of selected leases from variable to fixed rent structures with full base rent and CAM and tax recovery charges. But I do think they'll be at an elevated level relative to pre-pandemic in 2019. per share.

Assets 100

Assets Debt Finance Financing 100

The Big Picture

OCTOBER 31, 2023

Just really a fascinating history from, from a private company to a public company back to a, a partnership. He is uniquely situated because he has run both public mutual funds as well as privates, including late stage venture private equity credit down the list. In fact, my original product invested in biotech in 2019.

Hedge Funds 64

Hedge Funds Mutual Funds Funds Due Diligence 64

The Big Picture

NOVEMBER 21, 2023

They invest primarily in private and public companies. That’s why I think being in Silicon Valley investing, in talking every day with venture capital companies, founders, et cetera, is a huge competitive advantage to us because we see the disruption coming years in advance. You take it out tax free as well.

Hedge Funds 98

Hedge Funds Venture Capital Startups Capital 98

The Motley Fool

JULY 15, 2023

It was our quarterly game show for the 24th consecutive quarter six years of you playing along against my talented guests stars as we all think smarter about the values of public companies that was The Market Cap Game Show and the week before. Keep dividend payers in tax-advantaged accounts. Can you take out the money?

Investing 130

Investing Taxes Accounting Portfolios 130

The Motley Fool

AUGUST 1, 2023

The year-over-year difference is primarily attributable to a higher quarterly effective tax rate, which is expected to normalize in the back half of the year. This includes the 205 million after-tax impact of the final settlement of the DDI/Benson matter. We deliver diluted earnings per share of $0.23 and an adjusted EPS of $0.45.

Taxes 130

Taxes Leveraging Bidding Shareholders 130

The Motley Fool

FEBRUARY 1, 2024

2023 marked our 25th anniversary as a public company. I mentioned it on the last call, looking at our five largest midstream peers by market cap, since 2019, Enterprise is the only midstream energy company to reduce absolute outstanding -- units outstanding without significant asset sales. In 2019, we averaged 1.85

Capital 130

Capital Debt Assets Banks 130

The Motley Fool

JULY 24, 2023

There was that botched reveal in 2019 where they through a metal ball at the allegedly bulletproof glass that it was so not bulletproof. I think that a large part of the price reduction here is probably attributable to the tax incentives in the Inflation Reduction Act, which are really only applicable for trucks under $70,000, I think.

Mergers and Acquisitions 130

Mergers and Acquisitions Debt Education Taxes 130

The Motley Fool

JANUARY 29, 2024

Here we were around Tax Day 2005. 3Dfx back in the day was the graphic card company. For public companies, you can say of Nvidia or Marvel or Amazon. So the date was April 17, 2019 for this podcast. It was April of 2005 and I was casting about for my next stock pick for Motley Fool Stock Advisor members.

Education 130

Education Shareholders Companies Public Companies 130

The Motley Fool

JUNE 10, 2024

Robert Brokamp: I will just point out that our buy-and-hold strategy, if you own an individual stock for years, if not decades, and it's in a taxable brokerage account, does a very tax efficient way of investing. You bought and hold those shares for the long term, but you get a tax bill every year based on the capital gains distributions.

Investing 100

Investing Taxes Mutual Funds Debt 100

The Motley Fool

SEPTEMBER 17, 2023

Sunny Vanderbeck is an investor, entrepreneur, best-selling author, and former military leader focused on accelerating the growth of mid-market companies and creating best-in-class built-to-last businesses, as the Co-Founder and Managing Partner at Satori Capital. David Gardner: You were public? We're public company.

Due Diligence 130

Due Diligence Mergers and Acquisitions Capital Public Companies 130

The Motley Fool

FEBRUARY 15, 2024

We are modeling a tax rate of 12.5%. I know the customers are not stockpiling tools per se, but we know that SMIC and some of the other public companies, they have revenue to support what they spend. So, I don't know if it's exactly the partition that you described, in terms of leading and public companies versus not.

Banks 130

Banks Portfolios Shareholders Public Companies 130

The Motley Fool

SEPTEMBER 30, 2024

As I mentioned, I picked it for Motley Fool stock advisor in October 2019, so it's just about five years done. It has been an underperformer but still a company doing good things in this world. In fact, it's a more tax efficient way for shareholders if the company buys back its own shares as opposed to handing out a special dividend.

Investing 130

Investing Companies Capital Investors 130

The Big Picture

JULY 2, 2024

Eva Shang : So at the time that we launched, there were already public companies that were doing litigation finance. Second fund in 2019, third fund in 2021. You, you could show up in a way that isn’t taxing to them. Are other people saying, Hey, we didn’t realize this was so doable.

Legal 59

Legal Hedge Funds Finance Financing 59

The Big Picture

JULY 11, 2023

I could do my own taxes. 2000 average company went public after three years, that was probably an anomaly in the dot com. JOHNSON: By 2019, it was, I think, nine to 10 years, and by 2022, it was 14 to 15 years before they were going public, right? You have half the number of public companies that you had in 2000.

Mutual Funds 88

Mutual Funds Mergers and Acquisitions Asset Management Finance 88

The Motley Fool

JANUARY 11, 2024

David Gardner: If it helps, because it sounds like this is not on your watch list, but this company provides natural gas as an alternative fuel for vehicle fleets. When it was founded by Boone Pickens, I think, who died, by the way, in 2019. But this company was founded about 20 plus years ago. I haven't gotten past that.

Taxes 130

Taxes Companies Asset Management Assets 130