|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the FEIC 10-Q filed Nov 2, 2007. 8. CREDIT FACILITIES
We maintain a $30.0 million uncommitted bank borrowing facility in the U.S. (and outside the U.S. for our international subsidiaries under the guarantee of the parent company), of which $5.0 million is available
8
on an unsecured basis. The facility contains certain financial covenants requiring us to maintain a minimum cash and investment balance, which we were in compliance with at September 30, 2007. We also have a 50.0 million yen unsecured and uncommitted bank borrowing facility in Japan and various limited facilities in select foreign countries. At September 30, 2007, a total of $25.0 million was available under these facilities. As part of our contracts with certain customers, we are required to provide letters of credit or bank guarantees which these customers can draw against in the event we do not perform in accordance with our contractual obligations. At September 30, 2007, we had $28.9 million of these guarantees and letters of credit outstanding, of which approximately $22.3 million were secured by restricted cash deposits. Restricted cash balances securing bank guarantees that expire within 12 months of the balance sheet date are recorded as a current asset on our consolidated balance sheets. Restricted cash balances securing bank guarantees that expire beyond 12 months from the balance sheet date are recorded as long-term restricted cash on our consolidated balance sheet.
This excerpt taken from the FEIC 10-Q filed Aug 2, 2007. 8. CREDIT FACILITIES We maintain a $30.0 million uncommitted bank borrowing facility in the U.S. (and outside the U.S. for our international subsidiaries under the guarantee of the parent company), of which $5.0 million is available on an unsecured basis. The facility contains certain financial covenants requiring us to maintain a minimum cash and investment balance, which we were in compliance with at July 1, 2007. We also have a 50.0 million yen unsecured and uncommitted bank borrowing facility in Japan and various limited facilities in select foreign countries. At July 1, 2007, a total of $25.0 million was available under these facilities. As part of our contracts with certain customers, we are required to provide letters of credit or bank guarantees which these customers can draw against in the event we do not perform in accordance with our contractual obligations. At July 1, 2007, we had $20.5 million of these guarantees and letters of credit outstanding, of which approximately $14.0 million were secured by restricted cash deposits. Restricted cash balances securing bank guarantees that expire within 12 months of the balance sheet date are recorded as a current asset on our consolidated balance sheets. Restricted cash balances securing bank guarantees that expire beyond 12 months from the balance sheet date are recorded as long-term restricted cash on our consolidated balance sheet. This excerpt taken from the FEIC 10-Q filed May 4, 2007. 6. CREDIT FACILITIES We maintain a $30.0 million uncommitted bank borrowing facility in the U.S. (and outside the U.S. for our international subsidiaries under the guarantee of the parent company), of which $5.0 million is available on an unsecured basis. We also have a 50.0 million yen unsecured and uncommitted bank borrowing facility in Japan and various limited facilities in select foreign countries. At April 1, 2007, a total of $25.0 million was available under these facilities. As part of our contracts with certain customers, we are required to provide letters of credit or bank guarantees which these customers can draw against in the event we do not perform in accordance with our contractual obligations. At April 1, 2007, we had $21.9 million of these guarantees and letters of credit outstanding, of which approximately $15.4 million were secured by restricted cash deposits. Restricted cash balances securing bank guarantees that expire within 12 months of the balance sheet date are recorded as a current asset on our consolidated balance sheets. Restricted cash balances securing bank guarantees that expire beyond 12 months from the balance sheet date are recorded as long-term restricted cash on our consolidated balance sheet. 8 This excerpt taken from the FEIC 10-Q filed Aug 4, 2006. 7. CREDIT FACILITIES We maintain a $10.0 million unsecured, committed bank borrowing facility in the United States, a $3.7 million unsecured and uncommitted bank borrowing facility in Japan and various limited facilities in select foreign countries. In addition, we maintain a $10.0 million unsecured and uncommitted bank facility in the United States. At July 2, 2006, a total of $30.0 million was available under these facilities. As part of our contracts with certain customers, we are required to provide letters of credit or bank guarantees which these customers can draw against in the event we do not perform in accordance with our contractual obligations. At July 2, 2006, we had $34.4 million of these guarantees and letters of credit outstanding, of which approximately $32.5 million were secured by restricted cash deposits. Restricted cash balances securing bank guarantees that expire within twelve months of the balance sheet date are recorded as a current asset on our consolidated balance sheets. Restricted cash balances securing bank guarantees that expire beyond twelve months from the balance sheet date are recorded as long-term restricted cash on our consolidated balance sheet. 10
This excerpt taken from the FEIC 10-Q filed May 10, 2006. 6. CREDIT FACILITIES
We maintain a $10.0 million unsecured, committed bank borrowing facility in the United States, a $3.7 million unsecured and uncommitted bank borrowing facility in Japan and various limited facilities in select foreign countries. In addition, we maintain a $10.0 million unsecured and uncommitted bank facility in the United States. At April 2, 2006, a total of $20.0 million was available under these facilities. As part of our contracts with certain customers, we are required to provide letters of credit or bank guarantees which these customers can draw against in the event we do not perform in accordance with our contractual obligations. At April 2, 2006, we had $37.4 million of these guarantees and letters of credit outstanding, of which approximately $33.5 million were secured by restricted cash deposits. Restricted cash balances securing bank guarantees that expire within twelve months of the balance sheet date are recorded as a current asset on our consolidated balance sheets. Restricted cash balances securing bank guarantees that expire beyond twelve months from the balance sheet date are recorded as long-term restricted cash on our consolidated balance sheet.
This excerpt taken from the FEIC 10-K filed Mar 10, 2006. 10. CREDIT FACILITIES We maintain a $10.0 million unsecured, committed bank borrowing facility in the United States, a $3.7 million unsecured and uncommitted bank borrowing facility in Japan and various limited facilities in select foreign countries. In addition, we maintain a $10.0 million unsecured and uncommitted bank facility in the United States and a $3.6 million facility in the Netherlands for the purpose of issuing standby letters of credit and bank guarantees. At December 31, 2005, a total of $20.0 million was available under these facilities. As part of our contracts with certain customers, we are required to provide letters of credit or bank guarantees which these customers can draw against in the event we do not perform in accordance with our contractual obligations. At December 31, 2005, we had $32.9 million of these guarantees and letters of credit outstanding, of which approximately $20.7 million were secured by restricted cash deposits. Restricted cash balances securing bank guarantees that expire within twelve months of the balance sheet date are recorded as a current asset on our consolidated balance sheets. Restricted cash balances securing bank guarantees that expire beyond twelve months from the balance sheet date are recorded as long-term restricted cash on our consolidated balance sheet. This excerpt taken from the FEIC 10-K filed Mar 14, 2005. 9. CREDIT FACILITIES We maintain a $10.0 million unsecured, committed bank borrowing facility in the United States, a $2.9 million unsecured and uncommitted bank borrowing facility in Japan and various limited facilities in select foreign countries. In addition, we maintain a $10.0 million unsecured and uncommitted bank facility in the United States and a $4.1 million facility in the Netherlands for the purpose of issuing standby letters of credit and bank guarantees. At December 31, 2004, a total of $27.0 million was available under these facilities. We utilize letters of credit to back certain performance obligations. The letters of credit and bank guarantees reflect fair value as a condition of their underlying purpose. At December 31, 2004, we had outstanding standby letters of credit and bank guarantees totaling approximately $34.7 million to secure customer advance deposits, $20.5 million of which are secured by our restricted cash balance. Restricted cash balances securing bank guarantees that expire within twelve months of the balance sheet date are recorded as a current asset on our consolidated balance sheets. Restricted cash balances securing bank guarantees that expire beyond twelve months from the balance sheet date are recorded as long-term restricted cash on our consolidated balance sheet. | EXCERPTS ON THIS PAGE:
|
| |||||||
