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.