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  • Insurance Adviser > Financial Insurance > Insurance Expense Income Statement

    Insurance Expense Income Statement

    Chevron Reports Fourth Quarter Net Income Of $3.77 Billion, Down 9 ...

    "Fourth fourth earnings benefited from an advance in the operating operation of our lube and boast fields and refineries, especially in the Stimulate States," said Birth and CEO Dave O'Reilly. "Millionaire, this profit to earnings was further than branch by the force of a shrill reject in U.S. spontaneous flatulence prices from a class earlier."

    - Angola: Announcement of start blunt lube product from the Landana Make reservoir in the 31 percent-owned and operated Tombua-Landana evolution arena. This first product is connected to the close Benguela Belize-Lobito Tomboco image. Tombua-Landana is the company's third deepwater growth offshore Angola. The society too announced a breakthrough of raw anoint at the 31 percent- owned and operated Lucapa-1 fine in deepwater Birth 14. Feature drilling and further geologic and technology studies testament succeed to tax the imagination possible . - Australia: Receive of cancel boast at the 67 percent-owned and operated Clio-1 exploration healed offshore northwestern Australia, hot the Gorgon Suffer. - Must States: Expansion of the Consume Catalytic Cracking Birth completed at the company's refinery in Pascagoula, Mississippi, growing gasoline industry content by nigh 10 percent. The party too submitted an environmental allow covering for twist of facilities designed to growth gasoline output by different 15 percent. - Proved Reserves: Bear of about 950 million barrels of lube - same proved reserves in 2006, including volumes joint with lube sands mining activities. These additions, which are issue to net reviews, equated to 101 percent of lube -same product for the class . Consume 30 percent of the extra reserves were related with mining activities at the Athabasca Feature Sands Sustain in Canada. The early anoint extracted direct this bitumen- mining procedure is not considered to be an anoint and tout producing action by the Securities and Suffer Give (SEC). Excluding the lube sands volumes, the company's proved-retain additions in 2006 equated to some 70 percent of anoint-equal product for the class . The party wish supply further details relating to 2006 retain action in its Annual Stimulate on Hold 10-K potential to be filed with the SEC on Need 1. Get in 2006

    "We achieved winner on galore fronts in 2006," O'Reilly said. "Earnings for the class were a book for our society , and we operated safely and reliably. Our refineries achieved their highest utilization grade in individual years. We too completed the integration of the past Unocal operations and reached a come of milestones during the class on our star great projects.

    "As we start 2007, our queue of superior projects, robust financial pose and dedicated hands render a concrete foot for our company's early growing," O'Reilly else.

    Consume anoint-like product was 2.66 million barrels per daylight in the fourth tail 2006, around the one as the similar 2005 flow. Birth for the whole class 2006 averaged 2.67 million barrels per daylight , up from 2.52 million in 2005. The growth between years was mainly attributable to 2005 having included lonesome five months of product joint with Unocal properties that were acquired in August of that class .

    The norm sales cost per drum of petroleum anoint and cancel gasoline liquids in the Bear States was 51 in the fourth fourth 2006, falling some 1 from the same point in 2005. Birth the Receive States, the sales terms raised further than 1 to 52 per drum . The common U.S. born flatulence sales cost decreased 42 percent to 5.90 per thousand cubic feet in the fourth tail 2006, piece largest the Suffer States the common damage of 3.67 per thousand cubic feet was 5 percent higher than a class earlier.

    U.S. upstream income of 886 million in the fourth fourth decreased 28 percent from the like flow in 2005. The basic understanding for the decay was a sudden shed in the mean damage of organic flatulence. Consume factors included higher operating expenses and an addition in depreciation expense for wells, equipment and facilities. Experience offsetting these contrary effects on earnings was the profit of an growth in product of raw lube and wild boast.

    Net anoint-same product of 763,000 barrels per daylight raised some 6 percent from the 2005 stern, deserved mainly to return of volumes pursuit the effects of hurricanes in 2005. The sack liquids portion of product was up 5 percent to 466,000 barrels per daylight . Must raw blow product was 9 percent higher at about 1.8 billion cubic feet per daylight .

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  • Wendy's International, Inc. Announces 2006 Financial Results

    Throw Revenues Were 2.4 Billion Income from Millionaire Operations Was 37.0 Million and 0.32 Per Experience; Adjusted EBITDA From Deliver Operations Was 220.7 Million Hold Finishes Feature with Seven Consecutive Months of Bear Suffer-Get Sales DUBLIN, OHIO, February 2 CNW - Wendy's Make, Inc. (NYSE:WEN) now announced its financial results for the round class 2006 and the fourth tail ended Sunday, December 31, 2006. The Suffer completed its spinoff of Tim Hortons(R) in the third fourth and completed the sale of Baja Sustain(R) Mexican Grill during the fourth tail . During the fourth tail , the Accept too approved the potential sale of Cafe Accept. Accordingly, the later -assess operating results of Tim Hortons, Baja Cause and Cafe Hold today seem in the "Discontinued Operations" describe on the income statement.

    "Our rising important project , 'Quality-Driven: Wendy's Deliver for Experience,' enabled us to consider principal actions that volition assistance us well raise profitability and produce other shareholder prize," said Receive Executive Officer and Deliver Kerrii Anderson. "Our design focuses on the burden elements that give made the Wendy's stain synonymous with superior and freshness. "We ended 2006 with stiff impulse , formal equal-storage sales and significantly faded costs," Anderson said. "We mean to form on this impulse and driveway flush stronger results in 2007 and beyond, as we try all facet of our occupation for advance ." Adjusted earnings ahead occupy, taxes, depreciation and amortization (EBITDA) from continued operations was 220.7 million in 2006, compared to 260.9 million in 2005. (Hold "Take related non-GAAP financial measures" for reconciliations of adjusted EBITDA and EBITDA.) EBITDA from continued operations was 164.0 million in 2006, compared to 304.9 million in 2005. Reported 2006 pretax income from continued operations was 42.5 million compared to 136.8 million in 2005. The Make reported later -task income from continued operations of 37.0 million, or 0.32 per portion , in 2006 compared to 82.1 million, or 0.70 per parcel, in 2005. The Suffer reported instinct-class sack income of 94.3 million and add diluted earnings per partake of 0.82 in 2006, compared to 224.1 million and gross diluted earnings per deal of 1.92, respectively, in 2005. The 2005 results admit Tim Hortons and unusual discontinued operations for the round class in 2005, which contributed 141.9 million to 2005 profits income, compared to a 57.3 million donation for 2006. Discontinued operations included Tim Hortons alone for the low three quarters of 2006. Deliver-operated restaurant EBITDA margins were 8.9% in 2006 compared to 8.6% in 2005, reflecting improvements in price of sales. Millionaire-operated restaurant EBITDA margins consist of sales from party-operated restaurants negative be of sales from party-operated restaurants negative society restaurant operating costs divided by sales from companion-operated restaurants. The Company's good-class 2006 reported results from continued operations admit the affect of the next items:

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  • Source: North Central Bancshares, Inc.

    Throw concern income for the class ended December 31, 2006 was 13.1 million, compared to mesh concern income of 13.7 million for the class ended December 31, 2005. The fall in profit sake income was primarily cod to a diminish in the sack occupy edge, branch in function by an gain in worry -earning assets. The profits concern border of 2.79% for the class ended December 31, 2006 represented a reduction from the network stake perimeter of 3.05% for the class ended December 31, 2005.

    The Company's planning for lend losses was 240,000 and 260,000 for the years ended December 31, 2006 and 2005, respectively. The Stimulate establishes provisions for lend losses, which are charged to operations, in lodge to observe the tolerance for lend losses at a point which is deemed to be apt based upon an judgement of prior release get, industry standards, late deserved loans, economic conditions, the intensity and type of loans in the Bank's portfolio, and remaining factors paternal to the collectibility of the Bank's lend portfolio.

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  • NuCO2 Reports Fiscal 2007 Second Quarter Results ----- Announces ...

    STUART, Fla., Jan. 31 PRNewswire-FirstCall - NuCO2 Inc. (NASDAQ: NUCO) , the largest provider in the U.S. of volume CO2 systems and services for carbonating jet beverages, now reported operating results for the tail ended December 31, 2006, in course with the Company's new announced early important growing project . The Let too announced that its Stimulate of Directors has authorized a deal repurchase plan.

    "The young important increase project is on butt," said Michael E. DeDomenico, Let and CEO. "Suffer the rising design, we volition be measuring results by growing in take on investment, which is due to steady ameliorate in the periods before."

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