"Companies that perform well in ESG may find it easier to access capital as more investors are looking for opportunities that align with their ESG goals."
"Corporate finance is more than a collection of equations, metrics, and models; it's a set of first principles that govern how we run businesses."
"The principles of corporate finance are unchangeable across continents, markets, and types of businesses."
"Their balance sheets are OK. The issue is they are wrestling with truly historic technological shifts."
"Focus on bundling the problem when you just block M A is that you deny early investors one of the biggest ways that they can make a positive outcome."
"We are going to use finance, we're going to mobilize finance to make this transition and we're going to do it quickly."
"Cash flow statements deal with operating cash flows, investing cash flows, and financing cash flows."
"It's expected that we can defer the tax payment of nearly 30 million yen and we have obtained nearly 80 million yen in tax rebates."
"In Q4, we returned 2.8 billion to shareholders in the form of share repurchases and cash dividends."
"J.P Morgan officially closed on the deal to buy Frank."
"Tesla's quarterly earnings showed some pretty interesting snippets of information other than the financials."
"Disney has raised another 11 billion dollars in debt."
"It's affecting Corporate Finance, it's changing the way you think about Corporate Finance."
"General Motors reports surprising Q3 results while NIO passes them in market value after unveiling a new 100 kilowatt-hour battery."
"Tesla stock is so cheap it should start buying back its own shares."
"Corporate losses would be in the vicinity of in the US about four trillion dollars globally probably about 12 trillion... yes trillion with the tea."
"This is absolutely enormous. It's a small position, two percent of their cash reserves."
"On an ongoing basis Tesla is going to end up being in a share count reduction position and what that does is that increases the earnings per share obviously as the share counts the denominator there declines."
"Adding bitcoin to the balance sheet is a good strategy. Think MicroStrategy."
"Income, balance sheets, cash flows... very powerful stuff."
"FTX raises 420 million in funding round with backing from 69 investors including Tiger Global, Ribbit Capital."
"Disney: buying a good company at a reduced price."
"S&P Global upgraded Tesla's credit rating from BB Plus to BBB."
"It's interesting that all of these multi-million dollar corporations are living paycheck to paycheck like the average [ __ ] American. That's insane to me."
"Chevron announcing $75 billion worth of stock buybacks and dividend boost."
"This makes it the second company after MicroStrategy to eclipse the 1 billion mark in BTC holdings."
"CarMax is the industry stalwart and their stock was down 25 because their earnings were way down."
"They generate billions of dollars of cash flow while only spending a couple hundred million dollars on stock-based comp."
"Quantum scape has now raised over a billion dollars."
"Tesla has been free cash flow positive after paying for the cost of capital expenditures."
"For every one dollar that Tesla spends in a single year, they're going to bring back 40 to 50 cents."
"In 2030 no one's going to remember what Tesla's margins were for one or two quarters back in 2023."
"Dividends come from free cash flow. Despite challenges, 3M saw record free cash flow."
"Blizzard have the funds to survive several more years."
"Corporate taxes are about to go down drastically... that's gonna boost everybody's net income up quite a bit."
"When you have companies buying back shares in mass... it's going to end up raising their EPS over time."
"Elon Musk and Tesla announce a 1.5 billion dollar investment into bitcoin."
"Ethereum will be the next big focus for large institutions and corporations."
"Revenue continues to go up, regulatory credits continue to be a smaller and smaller percent."
"Activision Blizzard lays off 800 employees despite record financial performance."
"Tesla has only been consistently profitable since quarter one of 2020. That's just over two years in the grand scheme of things. Still a baby when it comes to a profitable company."
"I don't think Google should be trading at a 17 Ford P/E ratio."
"I generally think that it's a good sign when the company is able to pay out dividends because it shows that the company has such a remarkably large pool of liquidity that it is willing and able to give cash back to its shareholders."
"Tesla has secured five hundred million dollars."
"Credit Suisse today is hardly any worse than the Deutsche Bank or other large banks in Europe or in the U.S."
"Dual listings are usually considered very positive for companies."
"At the end of the day, where the money at? That's what Apple's saying."
"Revenues predicted to decrease slightly for 2020, increase again for 2021, and the same with net income and earnings per share."
"Microsoft shows a strong commitment to increasing their dividend payouts over time."
"Imagine if all the companies put one percent of their cash on hand into bitcoin."
"Disney execs are gonna be taking substantial pay cuts for as long as the company is impacted."
"These retail investors made it possible for AMC to amass more than two billion war chests."
"The core of the economy is your big liquid S&P 500 companies. Those companies are at the core of the system, and it's very, very unlikely that those companies lose access to credit."
"What company out there has grown their dividend every year consecutively for longer than any other company?"
"Excited to announce Ripple bought back our series C December 2019 shares at a $15 billion dollar valuation in 2022."
"AMC has raised between 700 million dollars and 917 million dollars in the past 30 to 45 days."
"Tesla is pretty much at a $10 billion per year EBITDA run rate which is fantastic... pov ratios don't give adequate valuation metric or framework to really know how to value growth companies."
"Tesla loaded up on debt from 2010 to 2019, now they're printing money."
"Google announced that it paid out over six and a half million in 2019."
"They're borrowing hand-over-fist but not to create jobs or new capacity or new efficiencies but to buy back their stock."
"Remember, that's all despite the company raising more than $450 million from their investors."
"Corporate cash flow is at a record high $3.4 trillion during Q3 2023. This is real."
"Ultimately, when you're at a trillion-dollar markup, it's a lot different than being at 50 bills."
"The sums speak for themselves: within two years, they've taken more money than that out of the company to put straight into their pockets in dividends."
"The company has $23 billion in cash, enough to weather a potential $6 billion Alibaba margin call."
"EA's buying Codemasters in a deal valued at 1.2 billion dollars."
"Hippo disclosed a cash balance of over 900 million."
"Rockstar North have paid 0 pounds UK corporation tax while claiming 42 million pounds in tax relief credits."
"Microsoft posted $18.8 billion in net income."
"Intel is on the down and down because the jury just came out and said that they owe 2.18 billion dollars for patent infringement."
"Summa Silver is cashed up now because of that recent financing, so they're good to go."
"GM's fourth quarter net income was about 1.7 billion dollars, this actually was below Tesla's fourth quarter net income which was 2.3 billion dollars."
"Bitcoin's role would evolve into a corporate cash roll."
"Tesla has some of the best financials I've ever seen in any company."
"Gemini's banking relationship remains intact with JP Morgan."
"Interest coverage ratio is already falling precipitously."
"At the end of the day, in terms of profitability, in terms of cash on the balance sheet, in terms of free cash flow, all those things are getting dramatically better for Tesla."
"But the truth is that even before COVID, corporate debt was already at a threatening record level."
"Insane profitability, 809 million dollar gap operating income."
"We have plenty of cash for this year and for next year; we feel really good about where we are."
"The lowest level gearing in the last decade that we've announced."
"Facebook looks like it is the most profitable company out of all of these four companies as well, except for free cash flow."
"AMC secures $950 million bond deal in a bid to pay down debt."
"Corporate profits go down as new orders go down."
"A 4 billion share repurchase program is about three percent return to shareholders on AMD's valuation today."
"Costco has one of the most consistently high returns on capital employed of any company."
"I think we're going to see many, many S&P 500 companies start moving their cash balances towards bitcoin."
"Tesla is one of the best balance sheets you're going to find..."
"Google is a cash park with YouTube ad revenue exploding."
"This is why Congress wants to sit there and tax PE, tax companies for share BuyBacks because they think it's taking away from reinvesting in people but they have to remember Sometimes the best thing to do is just buy back shares."
"Apple pioneered this strategy — which became known as the 'Double Irish with a Dutch Sandwich'."
"Accounting for the most part allowed companies a free pass if they signed lease agreements."
"...companies are spending billions buying back their own shares and it's driving stock prices higher."
"If firms initiate a dividend, it's a positive signal about future prospects."
"They maximize value by paying an optimal dividend."
"I also noticed that last year they bought back stock. They went from 268 million shares to 262 million shares, and that drop of shares is them buying back stock. That's great. I love to see that."
"Their balance sheets are in great shape."
"If you're looking at acquisitions, you'd rather be the target than the acquirer."
"Corporate Finance becomes very simple: every decision a business makes falls into one of three buckets."
"Corporate Finance... it's Common Sense."
"By issuing shares, a company not only raises money but also makes contributors part owners or shareholders."
"The most common discount rate used is the weighted average cost of capital, which is the average cost of financing a company's debt and equity."
"We discuss the relationship between debt and financial leverage."
"Hiring budgets are higher than raise and retention budgets."
"Ultimately investing in stocks is supposed to provide funds for corporations that engage in productive enterprise."
"It's hard for companies to go under when they have practically no debt or net cash."
"If you cannot find Investments that make your hurdle rate as a company, just give the cash back to the owners."
"Alphabet's board of directors today approved the initiation of a cash dividend program."
"We're also looking to invest in companies that have a track record of making consistent dividend payments."
"If you really want to value control in a company, you have to understand intrinsic valuation, you have to understand corporate finance, and you have to revalue the company."
"There's 45 billion dollars of cash generated over the next five years within the corporation."
"It's an applied corporate finance class. Everything we do in this class, we're going to apply on real companies."
"Businesses can do the same thing, especially corporations, publicly held corporations can also make investments in fixed income and equity securities."
"Accounting is backward looking; corporate finance is forward-looking."
"The best way to master Corporate Finance is to actually do this on company after company."
"In corporate finance, our objective is to maximize the value of the business."
"The objective in corporate finance is to maximize stock prices."
"This is my 32nd year teaching corporate finance."
"Your objective in corporate finance is to make your business the most valuable business you can."
"Everything we do in this class, I'm going to take six companies through as lab experiments."
"I want to look at the challenges of making investment, financing, and dividend decisions where there's a group overlaying the company."
"Corporate finance is about those first principles in finance you need to draw on to run a business."
"Ripple's CEO Brad Garlinghouse confirmed in a recent interview that Ripple has one billion dollars of cash available on its balance sheet."