Financial Progress - 2000
Continued Improvement to Operating Performance
- Exceeded Wall Street expectations, First, Second and Third Quarters
Continued Improvement to Balance Sheet and Credit Statistics
- Increased Cash Available to $343 million, including new $200 million Delay Draw Facility
- Reduced Debt/Capitalization to 48.5%
Continued Portfolio Management
- Sold Sherman in Q4 2000
- Closed Mission Bay in Q4 2000
Positioned the Company for Growth