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ELN » Topics » We have substantial future cash needs and potential cash needs and we may not be successful in generating or otherwise obtaining the funds necessary to meet our other future and potential needs.This excerpt taken from the ELN 6-K filed Mar 31, 2008. We
have substantial future cash needs and potential cash needs and
we may not be successful in generating or otherwise obtaining
the funds necessary to meet our other future and potential
needs.
At 31 December 2007, we had $1,765.0 million of
aggregate principle amount of debts. At such date, we had cash
and cash equivalents, current restricted cash and current
available-for-sale investments of $720.5 million. Our
substantial indebtedness could have important consequences to
us. For example, it does or could:
We estimate that we have sufficient cash, liquid resources and
current assets and investments to meet our liquidity
requirements for at least the next 12 months. Although we
expect to continue to incur operating losses in 2008, in making
our liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. If our future
operating performance does not meet our expectations, including
our failure to continue to successfully commercialise
Tysabri, then we could be required to obtain additional
funds. If our estimates are incorrect or are not consistent with
actual future developments and we are required to obtain
additional funds, then we may not be able to obtain those funds
on commercially reasonable terms, or at all, which would have a
material adverse effect on our financial condition. In addition,
if we are not able to generate sufficient liquidity from
operations, we may be forced to curtail programmes, sell assets
or otherwise take steps to reduce expenses. Any of these steps
may have a material adverse effect on our prospects.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. We
have substantial future cash needs and potential cash needs and
we may not be successful in generating or otherwise obtaining
the funds necessary to meet our other future and potential
needs.
At December 31, 2007, we had $1,765.0 million of debt.
At such date, we had cash and cash equivalents, current
restricted cash and current investments of $720.5 million.
Our substantial indebtedness could have important consequences
to us. For example, it does or could:
We estimate that we have sufficient cash, liquid resources and
current assets and investments to meet our liquidity
requirements for at least the next 12 months. Although we expect
to continue to incur operating losses in 2008, in making our
liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. If our future
operating performance does not meet our expectations, including
our failure to continue to successfully commercialize
Tysabri, then we
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could be required to obtain additional funds. If our estimates
are incorrect or are not consistent with actual future
developments and we are required to obtain additional funds,
then we may not be able to obtain those funds on commercially
reasonable terms, or at all, which would have a material adverse
effect on our financial condition. In addition, if we are not
able to generate sufficient liquidity from operations, we may be
forced to curtail programs, sell assets or otherwise take steps
to reduce expenses. Any of these steps may have a material
adverse effect on our prospects.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. We
have substantial future cash needs and potential cash needs and
we may not be successful in generating or otherwise obtaining
the funds necessary to meet our other future and potential
needs.
At 31 December 2006, we had $2,378.2 million of
aggregate principal amount of debts. At such date, we had cash
and cash equivalents and restricted cash of
$1,533.8 million. Our substantial indebtedness could have
important consequences to us. For example, it could:
We estimate that we have sufficient cash, liquid resources and
current assets and investments to meet our liquidity
requirements for the foreseeable future. Although we expect to
continue to incur operating losses in 2007, in making our
liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. If our future
operating performance does not meet our expectations, including
our failure to successfully commercialise Tysabri on a
timely basis, then we could be required to obtain additional
funds. If our estimates are incorrect or are not consistent with
actual future developments and we are required to obtain
additional funds, then we may not be able to obtain those funds
on commercially reasonable terms, or at all, which would have a
material adverse effect on our financial condition. In addition,
if we are not able to generate sufficient liquidity from
operations, we may be forced to curtail programmes, sell assets
or otherwise take steps to reduce expenses. Any of these steps
may have a material adverse effect on our prospects.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. We
have substantial future cash needs and potential cash needs and
we may not be successful in generating or otherwise obtaining
the funds necessary to meet our other future and potential
needs.
At December 31, 2006, we had $2,378.2 million of debt.
At such date, we had cash and cash equivalents and restricted
cash of $1,533.8 million. Our substantial indebtedness
could have important consequences to us. For example, it could:
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We estimate that we have sufficient cash, liquid resources and
current assets and investments to meet our liquidity
requirements for at least the next twelve months. Although we
expect to continue to incur operating losses in 2007, in making
our liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. If our future
operating performance does not meet our expectations, including
our failure to successfully commercialize Tysabri on a
timely basis, then we could be required to obtain additional
funds. If our estimates are incorrect or are not consistent with
actual future developments and we are required to obtain
additional funds, then we may not be able to obtain those funds
on commercially reasonable terms, or at all, which would have a
material adverse effect on our financial condition. In addition,
if we are not able to generate sufficient liquidity from
operations, we may be forced to curtail programs, sell assets or
otherwise take steps to reduce expenses. Any of these steps may
have a material adverse effect on our prospects.
This excerpt taken from the ELN 6-K filed Mar 31, 2006. We have substantial future cash
needs and potential cash needs and we may not be successful in
generating or otherwise obtaining the funds necessary to meet
our other future and potential needs.
At 31 December 2005, we had $2,017.2 million of debt.
At such date, we had cash and cash equivalents and restricted
cash of $1,105.6 million. Our substantial indebtedness
could have important consequences to us. For example, it could:
We estimate that we have sufficient cash, cash equivalents and
current assets and investments to meet our liquidity
requirements for the foreseeable future. Although we expect to
continue to incur operating losses in 2006, in making our
liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. If our future
operating performance does not meet our expectations, including
our failure to reintroduce and commercialise Tysabri on a
timely basis, then we could be required to obtain additional
funds. If our estimates are incorrect or are not consistent with
actual future developments and we are required to obtain
additional funds, then we may not be able to obtain those funds
on commercially reasonable terms, or at all, which would have a
material adverse effect on our financial condition. In addition,
if we are not able to generate sufficient liquidity from
operations, we may be forced to curtail programmes, sell assets
or otherwise take steps to reduce expenses. Any of these steps
may have a material adverse effect on our prospects.
Elan Corporation, plc 2005 Annual Report 161
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This excerpt taken from the ELN 20-F filed Mar 30, 2006. We
have substantial future cash needs and potential cash needs and
we may not be successful in generating or otherwise obtaining
the funds necessary to meet our other future and potential
needs.
At December 31, 2005, we had $2,017.2 million of debt.
At such date, we had cash and cash equivalents and restricted
cash of $1,105.6 million. Our substantial indebtedness
could have important consequences to us. For example, it could:
We estimate that we have sufficient cash, liquid resources and
current assets and investments to meet our liquidity
requirements for at least the next twelve months. Although we
expect to continue to incur operating losses in 2006, in making
our liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. If our future
operating performance does not meet our expectations, including
our failure to reintroduce and commercialize Tysabri
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on a timely basis, then we could be required to obtain
additional funds. If our estimates are incorrect or are not
consistent with actual future developments and we are required
to obtain additional funds, then we may not be able to obtain
those funds on commercially reasonable terms, or at all, which
would have a material adverse effect on our financial condition.
In addition, if we are not able to generate sufficient liquidity
from operations, we may be forced to curtail programs, sell
assets or otherwise take steps to reduce expenses. Any of these
steps may have a material adverse effect on our prospects.
This excerpt taken from the ELN 6-K filed Apr 11, 2005. We have substantial future cash needs and potential cash needs and we may not be successful in generating or otherwise obtaining the funds necessary to meet our other future and potential needs. At 31 December 2004, we had $2,289.1 million of debt. At such date, we had cash and cash equivalents of approximately $1,540.3 million. Our substantial indebtness could have important consequences to us. For example, it could:
We estimate that we have sufficient cash, liquid resources and current assets and investments to meet our liquidity requirements for the forseeable future. Although we expect to incur operating losses in 2005 and 2006, in making our liquidity estimates, we have also assumed a certain level of operating performance. Our future operating performance will be affected by general economic, financial, competitive, legislative, regulatory and business conditions and other factors, many of which are beyond our control. If our future operating performance does not meet our expectations, including our failure to reintroduce and commercialise Tysabri on a timely basis, or at all, then we could be required to obtain additional funds. If our estimates are incorrect or are not consistent with actual future developments and we are required to obtain additional funds, then we may not be able to obtain those funds on commercially reasonable terms, or at all, which would have a material adverse effect on our financial condition. In addition, if we are not able to generate sufficient liquidity from operations, we may be forced to curtail programmes, sell assets or otherwise take steps to reduce expenses. Any of these steps may have a material adverse effect on our prospects. | EXCERPTS ON THIS PAGE:
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