- 22 - Chart 9 Computation of U.S. Company Taxable Income, Tax Savings, and Cash Flow With Estimated Residual Value Proceeds (Assumes Full Term) Cash Flow Taxable Income Share of Preferred Stock Year From Taxes Partnership Dividend/ Pre-Tax Taxes After-Tax Ending Partnership (Paid) Saved Cash Flow Redemption Cash Flow (Paid) Saved Cash Flow 12/31/93 ($6,297,776) $2,376,151 ($14,800,293) -0- ($14,800,293) $2,376,151 ($12,424,142) 12/31/94 (47,481,128) 17,914,630 -0- ($48,966) (48,966) 17,914,630 17,865,663 12/31/95 (29,423,700) 11,101,562 -0- (48,966) (48,966) 11,101,562 11,052,596 12/31/96 470,533 (177,532) 14,274,047 (48,966) 14,225,081 (177,532) 14,047,549 12/31/97 5,847,566 (2,206,287) 8,923,231 (48,966) 8,874,265 (2,206,287) 6,667,978 12/31/98 -0- -0- -0- (661,045) (661,045) -0- (661,045) Total (76,884,505) 29,008,524 8,396,985 (856,910) 7,540,074 29,008,524 36,548,598 Chart 10 Computation of U.S. Company Taxable Income, Tax Savings, and Cash Flow Without Estimated Residual Value Proceeds (Assumes Full Term) Cash Flow Taxable Income Share of Preferred Stock Year From Taxes Partnership Dividend/ Pre-Tax Taxes After-Tax Ending Partnership (Paid) Saved Cash Flow Redemption Cash Flow (Paid) Saved Cash Flow 12/31/93 ($6,297,776) $2,376,151 ($14,800,293) -0- ($14,800,293) $2,376,151 ($12,424,142) 12/31/94 (47,481,128) 17,914,630 -0- ($48,966) (48,966) 17,914,630 17,865,663 12/31/95 (29,423,700) 11,101,562 -0- (48,966) (48,966) 11,101,562 11,052,596 12/31/96 470,533 (177,532) 14,274,047 (48,966) 14,225,081 (177,532) 14,047,549 12/31/97 865,445 (326,533) 3,941,110 (48,966) 3,892,144 (326,533) 3,565,611 12/31/98 -0- -0- -0- (661,045) (661,045) -0- (661,045) Total (81,866,625) 30,888,278 3,414,864 (856,910) 2,557,954 30,888,278 33,446,232Page: Previous 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Next
Last modified: May 25, 2011