- 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 33,446,232
Page: Previous 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NextLast modified: May 25, 2011