EK » Topics » Interest Expense

This excerpt taken from the EK 10-K filed Feb 27, 2008.
Interest Expense
Higher interest expense is primarily attributable to increased levels of debt associated with the 2005 acquisitions of KPG and Creo, and higher interest rates.

This excerpt taken from the EK 8-K filed Jan 30, 2008.

Interest Expense

Lower interest expense was primarily due to lower debt levels resulting from the full payoff of the Company's Secured Term Debt in the second quarter of 2007, partially offset by higher interest rates in the current year quarter.

This excerpt taken from the EK 10-Q filed Nov 1, 2007.

Interest Expense

Lower interest expense was primarily due to lower debt levels resulting from the full payoff of the Company's Secured Term Debt in the second quarter of 2007.

PAGE 37

This excerpt taken from the EK 10-Q filed Aug 9, 2007.

Interest Expense

Interest expense for the six months ended June 30, 2007 was $56 million as compared with $84 million for the prior year period, representing a decrease of $28 million, or 33%. Lower interest expense is primarily due to lower debt levels as a result of the full payoff of the Company's Secured Term Debt in the second quarter.

This excerpt taken from the EK 10-Q filed May 9, 2007.

Interest Expense

Interest expense for the first quarter of 2007 was $25 million as compared with $41 million for the prior year quarter, representing a decrease of $16 million, or 39%. Lower interest expense is a result of reductions in total debt levels, primarily from repayment of notes due in the third quarter of 2006 and prepayments of the Company's Secured Term Debt in the fourth quarter of 2006.

This excerpt taken from the EK 10-K filed Mar 1, 2007.
Interest Expense
Interest expense for 2005 was $211 million as compared with $168 million in the prior year. This increase is related to higher interest rates in 2005 and higher debt levels in 2005 as a result of borrowings to finance acquisitions.


PAGE 46

This excerpt taken from the EK 10-Q filed Nov 3, 2006.

Interest Expense

Interest expense for the nine months ended September 30, 2006 was $202 million as compared with $144 million for the prior year period, representing an increase of $58 million, or 40%. Higher interest expense is primarily attributable to increased levels of debt associated with the prior year acquisitions of KPG and Creo, and higher interest rates.

This excerpt taken from the EK 10-Q filed Aug 3, 2006.

Interest Expense

Interest expense for the six months ended June 30, 2006 was $128 million as compared with $87 million for the prior year period, representing an increase of $41 million, or 47%.  Higher interest expense is a result of increased levels of debt associated with the prior year acquisitions of KPG and Creo, and higher interest rates.

This excerpt taken from the EK 10-Q filed May 4, 2006.

Interest Expense

Interest expense for the first quarter of 2006 was $62 million as compared with $38 million for the prior year quarter, representing an increase of $24 million, or 63%.  Higher interest expense is a result of increased levels of debt associated with the prior year acquisitions of KPG and Creo, and higher interest rates.

This excerpt taken from the EK 10-Q filed Dec 12, 2005.

Interest Expense

Interest expense for the six months ended June 30, 2005 of $87 million was consistent with the prior year period.


PAGE 51

This excerpt taken from the EK 10-Q filed Dec 12, 2005.

Interest Expense

Interest expense for the first quarter of 2005 was $38 million as compared with $44 million for the prior year quarter, representing a decrease of $6 million, or 14%.  Lower interest expense is a result of lower year over year average debt balances.

This excerpt taken from the EK 10-Q filed Nov 9, 2005.

Interest Expense

Interest expense for the nine months ended September 30, 2005 was $144 million as compared with $130 million in the prior year period.  This increase is related to higher interest rates in 2005 and higher debt levels in the current year as a result of borrowing to finance acquisitions. 

This excerpt taken from the EK 10-Q filed Aug 9, 2005.

Interest Expense

Interest expense for the six months ended June 30, 2005 of $87 million was consistent with the prior year period.


PAGE 45

This excerpt taken from the EK 10-Q filed May 31, 2005.

Interest Expense

Interest expense for the first quarter of 2004 was $44 million as compared with $37 million for the prior year quarter, representing an increase of $7 million, or 19%.  Higher interest expense is a result of higher year over year average debt balances.

This excerpt taken from the EK 10-Q filed May 31, 2005.

Interest Expense

Interest expense for the six months ended June 30, 2004 was $87 million as compared with $71 million for the prior year period, representing an increase of $16 million, or 23%.  Higher interest expense is a result of higher year over year interest rates and average debt balances.


PAGE 52

This excerpt taken from the EK 10-Q filed May 31, 2005.

Interest Expense

Interest expense for the nine months ended September 30, 2004 was $130 million as compared with $104 million for the prior year period, representing an increase of $26 million, or 25%.  Higher interest expense is a result of higher year over year interest rates resulting from the replacement of commercial paper debt with the Senior Notes and Convertible Senior Notes that were issued in October 2003.  

This excerpt taken from the EK 10-Q filed May 9, 2005.

Interest Expense

Interest expense for the first quarter of 2005 was $38 million as compared with $44 million for the prior year quarter, representing a decrease of $6 million, or 14%.  Lower interest expense is a result of lower year over year average debt balances.

This excerpt taken from the EK 10-K filed Apr 6, 2005.

Interest Expense

Interest expense for 2003 was $147 million as compared with $173 million for 2002, representing a decrease of $26 million, or 15%.  The decrease in interest expense is almost entirely attributable to lower average interest rates in 2003 relative to 2002, which was driven mainly by the refinancing of the Company’s $144 million 9.38% Notes due March 2003 and the $110 million 7.36% Notes due April 2003 with lower interest rate medium term notes and lower average interest rates on commercial paper during 2003. 

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