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The proceeds from asset forfeiture amounted to more than 60 times the office's annual budget.
The improved earnings were largely a result of proceeds from asset sales and tax gains.
Proceeds from asset sales next year are expected to total $250 million to $750 million, Williams said.
There are strict rules dictating that the proceeds from asset sales must be used to repay deferred bank debt.
It must raise $250 million by selling stock or equity-backed securities by year's end, with some loans secured by proceeds from asset sales.
We estimate that AstraZeneca needs to realise at least $1.5bn of proceeds from asset sales annually in 2015, 2016 and 2017 in order to keep earnings per share flat at 2014 levels and support the dividend.
Deduct the proceeds from asset sales -- one-time activities that were not part of the company's core business -- and Enron's cash flow was a negative $2.56 billion in 2000.
Merchant banking funds often borrow most of the cash used to buy stakes in companies and use cash generated by the companies and proceeds from asset sales to pay off the debt.
Specifically, the court required that at least 80percentt of proceeds from asset sales be set aside to pay creditors' claims rather than finance the company's efforts to reorganize.
The budget underlined this plan, which means the amount of gross government debt outstanding will grow with the size of the economy, year in, year out, even when the government returns to surplus and the proceeds from asset sales flow to the government and bolster the headline cash budget balance.
Coupled with proceeds from asset sales, rising DCF has cut $8 billion in debt the past three years, reducing it to just 4.5 times EBITDA and earning the company credit rating boosts from both S&P and Moody's.
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CEO of Professional Science Editing for Scientists @ prosciediting.com