BECN » Topics » Interest Expense

These excerpts taken from the BECN 10-K filed Dec 2, 2008.

Interest Expense

        Interest expense increased $8.0 million to $27.4 million in 2007 from $19.5 million in 2006. We refinanced our credit facilities in November 2006 and incurred additional borrowings to finance our acquisitions, both of which increased our debt level since September 30, 2006. Average interest rates during 2007 also increased from the prior year, which affected interest expense on our variable rate-debt.

Interest Expense





        Interest expense increased $8.0 million to $27.4 million in 2007 from $19.5 million in 2006. We refinanced our
credit facilities in November 2006 and incurred additional borrowings to finance our acquisitions, both of which increased our debt level since September 30, 2006. Average interest rates during
2007 also increased from the prior year, which affected interest expense on our variable rate-debt.





This excerpt taken from the BECN 10-Q filed Feb 8, 2008.

Interest Expense

        Interest expense increased $0.7 million to $7.0 million in 2008 from $6.3 million in 2007. We refinanced our credit facilities in November 2006 and incurred additional borrowings to finance our acquisitions, both of which increased our debt level since December 31, 2006. In addition, average interest rates during 2008 decreased slightly from the prior year, which affected the unhedged portion of our variable-rate debt.

This excerpt taken from the BECN 10-K filed Nov 28, 2007.

Interest Expense

        Interest expense increased $14.6 million to $19.5 million in 2006 from $4.9 million in 2005. This increase was due primarily to the fact that we financed most of the $336.3 million cost of our 2006 acquisitions with additional debt, partially offset by our net equity offering proceeds of $51.6 million in December 2005. To a lesser extent, interest expense also increased due to higher interest rates.

This excerpt taken from the BECN 10-Q filed Aug 8, 2007.

Interest Expense

Interest expense increased $7.0 million to $20.1 million in YTD 2007 from $13.1 million in YTD 2006. We refinanced our credit facilities in November 2006 and incurred additional borrowings to finance our acquisitions, both of which increased our debt level since June 30, 2006. Interest rates also increased from the prior year, which affects our variable rate-debt.

This excerpt taken from the BECN 10-Q filed May 8, 2007.

Interest Expense

Interest expense increased $4.4 million to $12.7 million in YTD 2007 from $8.3 million in YTD 2006. We refinanced our credit facilities in November 2006 and incurred additional borrowings during fiscal 2006 to finance our acquisitions, both of which increased our debt level since March 31, 2006. Interest rates also increased from the prior year, which affects our variable rate-debt.

This excerpt taken from the BECN 10-Q filed Feb 8, 2007.

Interest Expense

Interest expense increased $2.3 million to $6.3 million in 2007 from $4.0 million in 2006. We refinanced our credit facilities in November 2006 and incurred additional borrowings during fiscal 2006 to finance our acquisitions, both of which increased our debt level since December 31, 2005. Interest rates also increased from the prior year, although the impact of the higher rates was partially offset by an increase in the market value of our interest rate collars.

This excerpt taken from the BECN 10-K filed Dec 14, 2006.

Interest Expense

Interest expense decreased $6.7 million to $4.9 million in 2005 from $11.6 million in 2004. Although interest rates increased and we acquired JGA, ISI and CSI through borrowings under our line of credit, our debt level remains substantially below 2004 levels due primarily to the IPO, resulting in a significant reduction in interest expense.

This excerpt taken from the BECN 10-Q filed Aug 9, 2006.
Interest Expense

Interest expense increased $9.7 million to $13.2 million in YTD 2006 from $3.5 million in YTD 2005. We amended our revolving lines of credit and term loans in connection with our acquisitions and increased our borrowings since YTD 2005. Interest rates also increased from the prior year, although the impact of the higher rates was partially offset by an increase in the market value of our interest rate collars.

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This excerpt taken from the BECN 10-Q filed May 10, 2006.

Interest Expense

 

Interest expense increased $6.2 million to $8.3 million in YTD 2006 from $2.1 million in YTD 2005. We amended our revolving lines of credit and term loans in connection with our acquisitions and increased our borrowings accordingly. Interest rates also increased from the prior year.

 

 

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This excerpt taken from the BECN 10-Q filed Feb 9, 2006.

Interest Expense

 

Interest expense increased $3.1 million to $4.0 million in 2006 from $0.9 million in 2005. We amended our revolving lines of credit and term loans in connection with the Shelter acquisition and increased our borrowings accordingly. Interest rates also increased from the prior year.

 

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This excerpt taken from the BECN 10-K filed Dec 8, 2005.

Interest Expense

Interest expense decreased $6.7 million to $4.9 million in 2005 from $11.6 million in 2004. Although interest rates increased and we acquired JGA, ISI and CSI through borrowings under our line of credit, our debt level remains substantially below 2004 levels due primarily to the IPO, resulting in a significant reduction in interest expense

This excerpt taken from the BECN 10-Q filed Aug 11, 2005.

Interest Expense

 

Interest expense decreased $5.7 million to $3.5 million in YTD 2005 from $9.2 million in YTD 2004. Although we acquired JGA and ISI through borrowings under our line of credit and interest rates have increased slightly, our debt level remains substantially below 2004 levels, resulting in a significant reduction in interest expense.

 

This excerpt taken from the BECN 10-Q filed May 11, 2005.
Interest Expense

 

Interest expense decreased $4.9 million to $2.1 million in YTD 2005 from $7.0 million in YTD 2004. Although we acquired JGA through borrowings under our line of credit and interest rates have increased slightly, our lower debt level remains substantially below 2004, resulting in a significant reduction in interest expense.

 

This excerpt taken from the BECN 10-Q filed Feb 14, 2005.
Interest Expense

Interest expense decreased $2.6 million to $0.9 million in 2005 from $3.5 million in 2004. Although interest rates have increased slightly, our lower debt level after the IPO has resulted in substantially less interest expense.

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