Gregory T. Geswein.Gregory T. Geswein Senior Vice President Chief Financial Officer Diebold For the electronic voting machines, see . Diebold, Inc. (NYSE: DBD) (pronounced DEE-bold) is a United States-based security systems corporation that is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as As a 145-year-old company with the longest increasing dividend stock in the country, Diebold has always had working capital management at the top of its list. With that said, hoarding cash does not reward shareholders, so we use our own cash. Cash is king for taking advantage of opportunities, such as financing capital projects, stock buy-backs and dividends and mergers and acquisitions. There used to be a time when the financial culture of a company was such that capital was free, and "good" ideas were easily invested in. You won't won't Contraction of will not. won't will not won't will find that at Diebold. With expectations of minimum returns to our shareholders of 15% on working capital usage, requests for approval of our cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. come easy. We have replaced operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. return thinking with return on total capital--which means focusing on how the cash is coming back to the corporation. This approach offers a key opportunity to drive a cash-collecting behavior. For example, paychecks are affected by review cycles, which now include DSOs, and inventory turns, something only our financial guys used to worry about. Generating cash requires change and that doesn't mean saving nickels
Nickels is a gambling coin game played with any desired denomination of coins. and dimes--it's about financial business process transformation, both internally and with the help of external F & A experts. If you want to generate cash, change your process ... it's the kind of change that will surely turn into cash. [ILLUSTRATION OMITTED] Contact: gesweig@diebold.com |
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