Originally Posted by
FriendlyPilot
Also Maybe you should have chatgpt look at the 10Q and explain the imputed cancellation of debt income and where did all the cash go?
Chatgpt is far behind on anything that requires current information. Good luck!
Actually Grok
CODI: The 10-Q (Pages 12, 42) confirms a $421.4 million reorganization gain (per Simple Flying), including CODI from equitizing $795 million in debt, reducing the reported $143 million net loss from an economic loss of ~$360 million, as detailed in Note 7 and reorganization expense sections.
• Cash Flow: The 10-Q (Page 53) shows $329.7 million in cash used by operating activities ($223.7 million Predecessor, $106 million Successor), driven by:
• Operating expenses (~$259 million in Successor period, including fuel, labor, aircraft rent).
• Interest (~$9.1 million in Successor period).
• Restructuring fees ($6.9 million prepetition, $8.2 million professional, $2.6 million success fees).
• Asset disposal losses ($11.7 million).
• Working capital payments. The $350 million equity infusion and $840 million Exit Secured Notes provided inflows, but operating losses consumed significant cash.