The Motley Fool

JULY 31, 2024

Since our last earnings call on April 30, I am pleased to announce that we are making solid progress on our path forward of one, simplifying the business; two, operational performance improvement and three, reducing leverage. We have reduced our leverage to 8.48 One, a $4 million increase in interest expense. times as compared to 8.76

Debt 246

Debt Assets Leveraging Financing 246

The Motley Fool

SEPTEMBER 22, 2023

Over the past year, it's consistently grown revenue at double-digit and triple-digit rates, while narrowing its losses on an adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) basis. It also ended its latest quarter with $948 million in total liabilities and just $255 million in cash and equivalents.

Mergers and Acquisitions 130

Mergers and Acquisitions Enterprise Values Amortization Depreciation 130

The Motley Fool

MARCH 20, 2024

We also drove stronger operating leverage, while continuing to invest in our content and technology capabilities. percentage points and grew net cash flow from operating activities by 54%, highlighting the operational leverage in our model. We made significant progress in driving profitability, improving operating leverage by 1.8

Leveraging 130

Leveraging Amortization Financing Finance 130

The Motley Fool

MAY 2, 2024

Commerce Audiences are a set of precision targeting tactics that leverage the largest commerce dataset on the open internet and best-in-class AI to help advertisers acquire and retain customers. Moving down the P&L, depreciation and amortization decreased by 2% in Q1 2024 to $25 million.

Leveraging 245

Leveraging Shareholders Capital Investors 245

The Motley Fool

OCTOBER 24, 2023

Excluding the impact of the change in accounting estimate, operating margins increased roughly 6 points driven by improved operating leverage through cost management and the higher gross margin noted earlier. billion, including approximately $500 million of amortization of acquired intangible assets from the Activision acquisition.

Securities and Exchange Commission (SEC) 245

Securities and Exchange Commission (SEC) Leveraging Accounting Banks 245

The Motley Fool

AUGUST 31, 2023

This increase was driven by retail labor, including approximately $40 million of our targeted labor investment, as well as utilities, depreciation, and amortization and rent. These include reducing our inventory position, refreshing and refining our processes, leveraging additional tools and technology, and improving execution in our stores.

Leveraging 244

Leveraging Returns Shareholders Capital 244

The Motley Fool

FEBRUARY 22, 2024

They operate as a closed system, leveraging existing reserves and capital, current premiums, as well as future new premiums under the LTC MYRAP plan to cover future claims and other obligations. Our second strategic priority is to leverage Genworth's LTC expertise to develop new, innovative aging services and solutions.

Liabilities 130

Liabilities Legal Taxes Debt 130

The Motley Fool

MAY 15, 2024

Like our managed trading services, our MTS solution, which offers sophisticated trading risk and liability management for sportsbooks continues to be a leader in the marketplace. We saw continued momentum in our core products in the quarter. He joins us from Lindblad Expeditions where he was CFO for approximately seven years.

Leveraging 130

Leveraging Financing Finance Banks 130

The Motley Fool

NOVEMBER 7, 2024

We have built a strong foundation for our business with a diverse portfolio of products and broad client distribution funnel, which are leveraging to monetize our global sports content. The 4Sight products target fast-growing in-play gaming sector and optimizes acquisition, engagement and retention by leveraging our cutting-edge technology.

Leveraging 130

Leveraging Shareholders Portfolios Capital 130

The Motley Fool

JULY 12, 2024

So, in Q2, we continue to work with our customers and focus on leveraging our leading technology as well as optimizing our business through our strategic initiatives, which, of course, includes our cost reduction actions that we have taken. We continue to leverage our technology leadership while prudently managing our business.

Banks 217

Banks Amortization Capital Investors 217

The Motley Fool

AUGUST 2, 2023

Supply chains are improving, which have normalized lead times, allowing us to create better operating leverage in our manufacturing facilities. And also we're working on further SG&A leverage as we standardize and leverage also functional excellence across the organization. Services is growing faster than install now.

Amortization 130

Amortization Leveraging Banks Mergers and Acquisitions 130

The Motley Fool

NOVEMBER 7, 2024

These increases were partially offset by a $4 million decrease in amortization expense, as the intangible technology assets acquired with our rentals business completed their amortization. All of those let us get leverage over margins. Our adjusted EBITDA was $4 million, down from $8 million in the prior year.

Amortization 246

Amortization Bidding Funds Investors 246

The Motley Fool

NOVEMBER 7, 2024

Our strong financial performance, debt refinancing, and early achievement of net leverage ratio goals have allowed for a tighter focus on equity dilution management. The primary driver of the decrease was the result of the SpotX acquired intangible assets that became fully amortized in the third quarter of last year. at the end of Q2.

Bidding 245

Bidding Leveraging Capital Companies 245

The Motley Fool

SEPTEMBER 4, 2024

of EPS that wasn't in our June outlook, was related to general liability claims. Predicting these claims is complex and we again increased our accrual for general liability this quarter after observing higher-than-expected costs to resolve certain claims. was attributable to the general liability adjustment, while the remaining $0.08

Liabilities 130

Liabilities Depreciation Shareholders Portfolios 130

The Motley Fool

JULY 25, 2024

This reduction in our outstanding debt also decreased our leverage ratio to 1.66, down from 1.76 This is the lowest our leverage ratio has been in the last five years. We will remain focused on strengthening our balance sheet and advancing to our stated goal of achieving a leverage ratio of 1.5 million or 10%. last quarter.

Leveraging 130

Leveraging Debt Shareholders Taxes 130

The Motley Fool

AUGUST 24, 2023

SG&A expenses expanded primarily from wage investments, incentive compensation, general liability claims, and repairs and maintenance costs from improving store conditions. These were partially offset by leverage from increased comp sales and lower stock-compensation expense. These were partially offset by sales comp leverage.

Leveraging 130

Leveraging Liabilities Taxes Capital 130

The Motley Fool

NOVEMBER 9, 2023

LTC had an adjusted operating loss of 71 million, driven by a liability remeasurement loss under LDTI. Turning to the next strategic priority, we continue to leverage Genworth's LTC expertise to develop innovative agent care solutions. Enact again had a very strong quarter with adjusted operating income of 134 million to Genworth.

Liabilities 100

Liabilities Legal Taxes Debt 100

The Motley Fool

FEBRUARY 23, 2024

Second, like many other companies, our gas utility is contending with inflationary pressure on operating expenses, primarily due to the renewal of several multiyear O&M contracts, higher personnel costs, the amortization of cloud computing technology investments, and higher pension expenses. per share lower than our 2023 earnings.

Depreciation 130

Depreciation Amortization Debt Capital 130

The Motley Fool

AUGUST 7, 2024

Gross margin increased sequentially from our second quarter due to fixed cost leverage from higher revenue in Q3 and inventory management. We expect non-GAAP gross margins to be approximately 40 bps higher due to approximately $6 million of stock-based compensation and amortization of intangibles included in GAAP cost of revenue.

Amortization 245

Amortization Legal Capital Liabilities 245

The Motley Fool

OCTOBER 20, 2023

We'll continue our strategy of investing for growth and adding more differentiated value to our membership model to deliver generational relevance while continuing to leverage the strengths of our business model, all of which gives us a competitive advantage. Looking forward, we continue to view marketing and opex as a key source of leverage.

Accounting 246

Accounting Banks Capital Leveraging 246

The Motley Fool

MARCH 20, 2024

We further enhanced our operating profit growth from gross profit growth through operating leverage. We've scaled the model up to the trillion-parameter mark, leveraging the MoE architecture to enhance performance and reduce inference costs, and we are rapidly improving the model's text-to-picture and text-to-video capabilities.

Accounting 246

Accounting Shareholders Financial Institutions Leveraging 246

The Motley Fool

JULY 25, 2024

In fact, you couldn't ask for a better demonstration of operating leverage. We reported pre-tax income of $288 million, up 58% year over year, reflecting the benefits of growth in operating leverage, while CPR speeds came in slightly below expectations. This means that we expect amortization expense will be a headwind in 2025.

Leveraging 130

Leveraging Capital Assets Amortization 130

The Motley Fool

OCTOBER 24, 2024

This reduction in our outstanding debt also decreased our leverage ratio to 1.47, down from 1.66 This is the lowest our leverage ratio has been in the last six years. Depreciation and amortization for the quarter was $3.7 Our leverage ratio was reduced to 1.47 last quarter. EBIT ex-items for the quarter was $18.2

Leveraging 130

Leveraging Debt Shareholders Taxes 130

The Motley Fool

OCTOBER 22, 2024

As of the of the end the third quarter, our unsecured leverage stands at 2.50 And today, we're announcing an update to our long-term leverage target of 2.0 And as we've said many times, we will consider share buybacks but our unsecured leverage metric reaches 2.25 We're still facing headwinds with primary amortization.

Capital 246

Capital Mergers and Acquisitions Leveraging Shareholders 246

The Motley Fool

AUGUST 13, 2024

We are incredibly excited about what we can achieve together by leveraging our combined assets, capabilities, and competitive advantages. Sales leveraging our digital platforms increased approximately 4% compared to the second quarter of last year. Pros outperformed the DIY customer, but both were negative for the quarter.

Amortization 130

Amortization Securities and Exchange Commission (SEC) Assets Financing 130

The Motley Fool

JULY 31, 2024

And one of the things you'll see is the leverage of the overall platform. On the MSR portfolio, just given its growth, I mean, do we have an estimate for how much amortization you might incur going forward including on the excess MSRs that you bought during the quarter? It's really more of direct lending of the Rithm balance sheet.

Capital 130

Capital Amortization Shareholders Financing 130

The Motley Fool

MAY 8, 2024

Non-GAAP gross margin, excluding amortization of acquired intangibles, was 73%. We expect gross margins will improve over time as we realize the benefits from lab automation, leverage investments in a lab infrastructure, and see an increased mix of rescreened patients. You get a ton of leverage by adding these reps.

Leveraging 130

Leveraging Education Financing Finance 130

The Motley Fool

AUGUST 13, 2024

We will also, for the first time, have the ability to leverage advanced player tracking data to refine and enhance our leading AI enabling betting and streaming products and services. The sports rights impact in the quarter was mostly offset by the operating leverage we delivered across the rest of our call space.

Leveraging 130

Leveraging Capital Taxes Shareholders 130

The Motley Fool

MAY 1, 2024

We reduced our total leverage ratio from 3.9 And we are committed to reducing our total leverage ratio to three times by the end of 2025. We've developed a new operating model with our major markets reporting directly to our president, Stephan Gratziani, who is leveraging his 32 years experience as a top Herbalife distributor.

Leveraging 130

Leveraging Debt Amortization Capital 130

The Motley Fool

MAY 9, 2024

As we entered this year, we did so as a leaner, more focused organization with a relentless commitment to leveraging our decade-long investment in artificial intelligence. We have launched new products and are optimizing our go-to-market approaches to maximize the impact of our AI technologies married with our product strategy.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Legal Leveraging Capital 130

The Motley Fool

JANUARY 23, 2024

While average leverage was largely unchanged for the quarter at 7.4 times tangible equity, our end-of-period leverage declined to seven times tangible equity as of Q4 from 7.9 It triggered my memory because thinking about that last part of the question, and it was an important point to bring up the leverage outlook.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Investing Leveraging Bidding 130

The Motley Fool

FEBRUARY 21, 2024

Finally, the power of our platform is a crucial differentiator as we leverage our expertise across ownership of over 15,400 properties globally, inclusive of the Spirit portfolio. times in line with our targeted leverage ratio. And on a leverage-neutral basis, this represents 60% of the total capital.

Mergers and Acquisitions 246

Mergers and Acquisitions Debt Capital Assets 246

The Motley Fool

MAY 15, 2024

Interest for our newer offerings, including log monitoring and application security, also continues to grow, especially for those customers leveraging our Dynatrace Platform Subscription, or DPS, contract vehicle. The airline deal I just mentioned is our largest DPS transaction to date, and they are already leveraging log monitoring.

Leveraging 130

Leveraging Taxes Accounting Capital 130

The Motley Fool

AUGUST 8, 2024

Ultimately, as we progress through 2025, we expect revenue growth to accelerate and more revenue to drop right to the bottom line as we improve operating leverage further. On a pro forma basis, excluding amortization expense, stock-based compensation, and the impact of the sale of Board.org, opex decreased approximately $6 million or 16%.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Shareholders Capital 130

The Motley Fool

NOVEMBER 6, 2024

This GAAP to non-GAAP reconciliation includes stock-based compensation expense, amortization of acquired intangibles, and acquisition-related expenses, which include transaction and certain other cash costs associated with business acquisition, as well as changes in the estimated fair value of contingent consideration and earn-out liabilities.

Leveraging 130

Leveraging Liabilities Accounting Companies 130

The Motley Fool

JANUARY 24, 2024

This is translating into improved operating leverage, as evidenced by the adjusted EBITDA margin expansion we delivered in 2023. We additionally completed an $8 billion pension liability transfer through the purchase of insurance annuities last spring. In 2023, prior service credit amortization was 2.6

Amortization 130

Amortization Financing Finance Capital 130

The Motley Fool

AUGUST 8, 2024

On marketing, excluding our investments in Vrbo and international markets, our consumer business showed some year-on-year marketing leverage in the second quarter. Excluding these investments, we saw some marketing leverage in our B2C business in the second quarter. Our gross leverage ratio had further reduced 2.3 billion or 9.2

Leveraging 130

Leveraging Bidding Depreciation Returns 130