Over the same period the company has spent more than $1.2 billion, about $190 a share, on various capital expenditure programs.

For the period, the Company's capital expenditure program was well executed.

The big capital expenditure programme has now largely been completed.

The transport group plans a R300bn ($36bn) capital expenditure programme.

The Group is continuing its capital expenditure programme as planned.

Given the expected capital expenditure program through 2012, higher ratings are unlikely.

A large capital expenditure program is expected to be carried on by the company in order to support its aggressive growth strategy.

Achieving that will require investment – almost €15bn out of a €19bn capital expenditure programme over the next four years.

Given its $22bn capital expenditure programme for this year and next, the hit to cash flow will have consequences.

This would primarily impact small scale companies with sizable capital expenditure programmes.

The industry has had to borrow to fund its capital expenditure programmes since privatisation.

Others questioned whether the £600m capital expenditure programme to improves stores would pay off.

He has outlined a €7bn capital expenditure programme up to 2016 concentrated on its Italian business.

Water companies raise funds from shareholders and financial markets to fund their capital expenditure programmes.

Another concern is Xcel's capital expenditure program of approximately $2.6 billion per year through 2015.

The company said its C$4-billion capital expenditure program will be harnessed over the next five years, and is expected to drive earnings growth.

The company said the business outlook was expected to improve in the second half as a capital expenditure programme and restructuring plan paid off.

National Grid is expected to unveil a £17.5 billion capital expenditure programme tomorrow.

It forms part of the capital expenditure programme which was communicated on July 28, 2008 and is confirmed below.

However, the company still has a significant capital expenditure programme, with the dividend likely to rise once the new projects have come on stream.

Because of the company's large capital expenditure program, we do not expect it to generate any free cash flow in the near term.

Senex's capital expenditure program for this financial year is expected to be $120-$140 million, with the majority focused on the oil business.

Appraisal would then cover the capital expenditure programme, which is often multiannual.

This year's capital expenditure programme comes to $1bn.

Bank indebtedness has increased $13.0 million since December 31, 2009, primarily the result of our significant capital expenditure program during this year.