Thread: Easter Meltdown
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Old 04-10-2021 | 06:32 AM
  #226  
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notEnuf
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From: ir.delta.com
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Originally Posted by Planetrain
Trip and Gunfighter, my mistake, you are correct on principal payments not on income statement
Principal payments are a use of cash but reduces payables on the balance sheet. As an example we had $8.2B in restructuring expenses in 2020 that helped create a $12.4B loss which created a tax credit. There is probably more restructuring and other expenses or other revenue reductions (Virgin) that are discretionary enough to make 2021 GAAP compliant AND have the P&L they want.
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