Avaya releases quarterly report

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Avaya releases quarterly report

Postby Administrator » Thu May 09, 2013 9:22 pm

On 5/9/13 Avaya released their quarterly report to the SEC.

Here are screen shots of the pertinent information.

Go to http://www.sec.gov/Archives/edgar/data/1116521/000119312513211132/d535949dex991.htm to get the full report.

The following is information regarding listening to a replay of the conference call.

For those unable to participate, a replay of the conference call will be available beginning at 8:00 p.m. EDT on May 9 through June 9, by dialing 855-859-2056 within the United States and 404-537-3406 outside the United States. The replay access code is 47490648.


5-9-13-BalanceSheet.png
5-9-13-BalanceSheet.png (111.22 KiB) Viewed 11385 times

5-9-13-ConsolidatedStatement.png
5-9-13-ConsolidatedStatement.png (88.38 KiB) Viewed 11385 times

5-9-13-CashFlows.png
5-9-13-CashFlows.png (114.72 KiB) Viewed 11385 times

5-9-13-EBITA.png
5-9-13-EBITA.png (77.79 KiB) Viewed 11385 times

5-9-13-NonGAAP.png
5-9-13-NonGAAP.png (90.87 KiB) Viewed 11385 times
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Re: Avaya releases quarterly report

Postby Waldo » Fri May 10, 2013 10:48 am

They lost $89 million in good will. I wonder how that was calculated.

The value of their good will is still over 4 BILLION and well over half of their total assets ($4.093 billion of $7,580 billion).
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Re: Avaya releases quarterly report

Postby tpwalsh123 » Fri May 10, 2013 12:45 pm

Hi Waldo

Pardon my ignorance, but what is 'good will' and what is it's significance?

Tom
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Re: Avaya releases quarterly report

Postby Waldo » Sun May 12, 2013 10:09 pm

tpwalsh123 wrote:Hi Waldo

Pardon my ignorance, but what is 'good will' and what is it's significance?

Tom


In general, good will is a value that is above and beyond the value of the real assets. You can think if it as value of the "brand".

For example, let's assume there were two identical amusement parks that were up for sale.

Assume one is "Disneyland" and the other is "Waldoland". Each park is identical in every way (location, rides, revenues, etc.). The only thing different is that everyone knows Disneyland and no one has every heard of "Waldoland".

One wold assume that Disneyland would sell at a huge premium because, well, it is Disneyland. That premium would be the true value of the "good will".

So, Avaya is basically stating that if they were to sell themselves outright then the company who buys Avaya would be willing to pay $4 billion above the actual value of the assets (less the debt and liabilities) because of the name "Avaya". Put another way, they are stating that if they were public again then they would get $4 billion more in the IPO because of the goodwill.

I wonder what the Nortel books had for the value of goodwill when Avaya bought them.

What I don't know is how a company actually calculates the "good will" number that they show on the books.
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Re: Avaya releases quarterly report

Postby tpwalsh123 » Mon May 13, 2013 11:42 am

Thanks !!!

Tom
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