Controlling Interest

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Controlling Interest

 

the block of stocks that ensures to its holder the de facto control of a corporation. The controlling interest is concentrated in the hands of the magnates of financial capital, who through the pyramiding system can be sole masters of a corporation even when they control only 20–30 percent or in some cases even a much smaller percentage of the shares.

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Under the terms of the letter of intent, Wealthcraft will acquire a controlling interest in Infinite CBD in exchange for USD 2.0m cash plus 32.4m common shares of Wealthcraft.
Net income (loss) attributable to controlling interests
Net income per common unit is computed by dividing net income attributable to controlling interests, after deduction of amounts attributable to the General Partner and Class B units, by the weighted average number of common units outstanding.
Consistent with the application of Accounting Standards Codification 260 - "Earnings per share," the Partnership will allocate a portion of net income attributable to controlling interests to the Class B units upon 30 percent of GTN's total distributable cash flow exceeding $15 million for the nine month period ending December 31, 2015.
Given the 2015 threshold level for Class B unit distributions is $15 million, we have allocated $2 million of the Partnership's net income attributable to controlling interests to the Class B units in the third quarter.
(OTC: WCCP) has agreed to acquire a controlling interest in a third Colorado-based CBD provider, the company said.
For the three months ended March 31, 2015, net income attributable to controlling interests of $57 million is comparable to the first quarter of 2014.
Partnership cash flows include net income attributable to controlling interests, plus operating cash flows from our wholly-owned subsidiaries, and cash distributions received from our non-wholly owned subsidiaries and equity investments, less equity earnings from unconsolidated affiliates and consolidated subsidiaries' net income, plus net income attributable to non-controlling interests from consolidated subsidiaries, and net of distributions declared to the General Partner.
Net income per common unit is computed by dividing net income attributable to controlling interests, after deduction of the General Partner's allocation and net income attributed to GTN's and Bison's former parent, by the weighted average number of common units outstanding.
For the three months ended December 31, 2014, net income attributable to controlling interests increased to $47 million compared to $41 million in the fourth quarter of 2013.
Adjusted EBITDA (controlling interest) $ 246.2 $ 219.3 $ 532.7 $ 434.8
Conversely, if the parent sells some of its shares while maintaining a controlling interest, from the perspective of the consolidated entity cash has been received in exchange for issuing shares of equity ownership in the entity (treasury stock sales).