Originally Posted by LuvJockey
Grumman - are you asserting that the $225 million in hedging gains that you listed were post or pre-tax, and post-or pre-profit sharing?
I'm not asserting anything, just relaying the message. I know the overall $273M net income includes tax and profit sharing expenses and I know what Gary said on Friday - he verbally subtracted $225 from $273 when discussing our quarterly performance. Tax and profit sharing expense wrt the $225 was not addressed. Even though I am staying in a Holiday Inn, we have now reached the limit of my financial expertise.