Consolidated Cash Flow

Consolidated Cash Flow. For SMI and its consolidated Subsidiaries, consolidated net income determined in accordance with GAAP (A) before deducting the following items (without any duplication): (i) Interest Expenses and financing charges, (ii) income taxes, (iii) depreciation, (iv) amortization, (v) gains or losses from early extinguishment of debt or other infrequent and unusual items, (vi) cost of sales associated with the step-up of inventory upon acquisition, (vii) stock based compensation and all other non-cash... charges; and (B) minus Capital Expenditures, in each case determined in accordance with GAAP. Notwithstanding the foregoing, Interest Income and income derived by SMI as a result of SMI repurchasing the Senior Notes at a discount shall not be included in Consolidated Cash Flow. View More

Consolidated Cash Flow. Means, in respect of any period, the sum of (a) Consolidated Net Income for such period and (b) the amount of all depreciation and amortization allowances and other non-cash expenses of Borrower and its Subsidiaries but only to the extent deducted in the determination of Consolidated Net Income for such period.