Originally Posted by Lincoln Osiris

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.