PCLN » Topics » Interest

These excerpts taken from the PCLN 10-K filed Mar 3, 2008.

Interest

 

 

 

Year Ended
December 31,

 

Change

 

 

 

($000)

 

 

 

 

 

2006

 

2005

 

 

 

Interest Income

 

$

11,312

 

$

5,550

 

103.8

%

Interest Expense

 

(7,060

)

(5,075

)

39.1

%

Total

 

$

4,252

 

$

475

 

795.2

%

 

 

For the year ended December 31, 2006, interest income on cash and marketable securities increased over the same period in 2005, primarily due to higher prevailing interest rates and significantly higher cash balances in the fourth quarter of 2006.  Interest expense increased for the year ended December 31, 2006 over the same period in 2005, due primarily to an increase in debt balances in 2006, as well as an increase in prevailing interest rates on the variable portion of the interest rate swap agreement related to our 1% Convertible Senior Notes.

 

Interest



 

































































 



 



Year Ended

December 31,



 



Change



 



 



 



($000)



 



 



 



 



 



2006



 



2005



 



 



 



Interest Income



 



$



11,312



 



$



5,550



 



103.8



%



Interest Expense



 



(7,060



)



(5,075



)



39.1



%



Total



 



$



4,252



 



$



475



 



795.2



%




 



 



For
the
year ended December 31,
2006, interest income on cash and marketable
securities increased over the same period in 2005, primarily due to higher
prevailing interest rates and significantly higher cash balances in the fourth
quarter of 2006.  Interest expense
increased for the year ended December 31, 2006 over the same period in 2005, due primarily to an
increase in debt balances in 2006, as well as an increase in prevailing
interest rates on the variable portion of the interest rate swap agreement
related to our 1% Convertible Senior Notes.



 



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

Interest

 

Three Months Ended
March 31,

 

 

 

 

 

($000)

 

 

 

 

 

2007

 

2006

 

Change

 

 

 

 

 

 

 

 

 

Interest Income

 

$

8,203

 

$

1,575

 

420.8

%

Interest Expense

 

(2,470

)

(1,498

)

64.9

%

Total

 

$

5,733

 

$

77

 

7,345.5

%

 

For the three months ended March 31, 2007, interest income on cash and marketable securities increased over the same period in 2006, primarily due to $2.8 million of accrued interest on our excise tax refund, higher prevailing interest rates and significantly higher cash balances in the three months ended March 31, 2007.  Interest expense increased for the three months ended March 31, 2007 over the same period in 2006, due primarily to an increase in debt balances in 2006, as well as an increase in prevailing interest rates on the variable portion of the interest rate swap agreement related to our 1% Convertible Senior Notes.

32




This excerpt taken from the PCLN 10-K filed Mar 1, 2007.

Interest

 

 

Year Ended
December 31,

 

 

 

 

 

2005

 

2004

 

Change

 

 

 

($000)

 

 

 

Interest Income

 

$

5,550

 

$

5,112

 

8.6

%

Interest Expense

 

(5,075

)

(3,722

)

36.4

%

Total

 

$

475

 

$

1,390

 

(65.8

%)

For the year ended December 31, 2005, interest income on cash and marketable securities increased over the same period in 2004, primarily due to higher prevailing interest rates.  Interest expense increased for the year ended December 31, 2005 over the same period in 2004 because our 2.25% Convertible Senior Notes issued in June 2004 were outstanding for the entire twelve month period in 2005.

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

Interest

 

Three Months Ended
March 31,

 

Change

 

 

 

($000)

 

 

 

 

 

2006

 

2005

 

 

 

Interest Income

 

$

1,575

 

$

1,456

 

8.2

%

Interest Expense

 

(1,498

)

(1,293

)

15.9

%

Total

 

$

77

 

$

163

 

(52.8

%)

 

For the three months ended March 31, 2006, interest income on cash and marketable securities increased over the same period in 2005, primarily due to higher prevailing interest rates. Interest expense increased for the three months ended March 31, 2006 over the same period in 2005 due to an increase in prevailing interest rates on

35




 

the variable portion of the interest rate swap agreement related to our 1% Convertible Senior Notes.

This excerpt taken from the PCLN 10-K filed Mar 7, 2006.

Interest

 

 

 

Year Ended
December 31,

 

Change

 

 

 

($000)

 

 

 

 

 

2004

 

2003

 

 

 

Interest Income

 

$

5,112

 

$

2,474

 

106.6

%

Interest Expense

 

(3,722

)

(907

)

310.4

%

Total

 

$

1,390

 

$

1,567

 

(11.3

)%

 

For the twelve months ended December 31, 2004, net interest income on cash and marketable securities increased over the same period in 2003, primarily due to higher overall cash and investment balances.  Interest income was partially offset by interest expense, including coupon interest and amortization of debt issuance costs incurred in connection with the issuance of our $125 million

 

65



 

aggregate principal amount 1% Convertible Senior Notes issued in August 2003, and our $100 million aggregate principal amount 2.25% Convertible Senior Notes issued in June 2004.

 

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

Interest

 

 

 

Three Months Ended
March 31,

 

%
Change

 

 

 

($000)

 

 

 

 

 

2005

 

2004

 

 

 

Interest Income

 

$

1,456

 

$

1,110

 

31.2

%

Interest Expense

 

(1,293

)

(566

)

(128.4

)%

Total

 

$

163

 

$

544

 

(70.0

)%

 

For the three months ended March 31, 2005, net interest income on cash and marketable securities increased over the same period in 2004 primarily due to higher overall cash and investment balances as well as higher prevailing interest rates. Interest income was partially offset by interest expense, including coupon interest and amortization of debt issuance costs incurred in connection with the issuance of our $125 million aggregate principal amount 1% Convertible Senior Notes issued in August 2003, and our $100 million aggregate principal amount 2.25% Convertible Senior Notes issued in June 2004.

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki