On a AA pilot's laptop was an Edgar Financial report illustrating Assets, Cash Flow, and "Other Expenses".
The "Other Expenses" category was something like $889million dollars while the other categories of expenses were about a third (1/3) of the "Other Expenses" category. How can a company write-off expenses and title it "Other Expenses" when typically on a Pie Chart you will have a "sliver" of the pie as "Other" or "Miscellaneous" and the "sliver of the pie" is indeed just that "a sliver" a small percent of the whole pie that is 1-2%. But with AMR's "Other Expenses" category of $889million, it seems to me--of which I know absolutely NOTHING about financing--AMR is hiding money! Thats a lot of money to issue it a name of "Other".
If you click on my link below, then click the button of "Interactive Data", then on the left column click on "Consolidated Statements of Operations" it will state the following:
3 MONTHS ENDED: 30JUN2010
$636MILLION, 30JUN2009
$670MILLION.
6 MONTHS ENDED: 30JUN2010
$1,375MILLION 30JUN2009
$1348MILLION
That is HUGE HUGE majority of expenses given a title of "Other". How is that a "Sliver" of the pie? Someone help me understand!
Security & Exchange Commission