Originally Posted by
iaflyer
Just read the slides very quickly.
A few points.
looking at a sustainable 10%-12% operating margin
Looking for 5 billion EBITDAR
Annual 1.3 billion CapEx. (Continued improvement)
They have reduced this years CapEx to maintain a 1.8 billion dollar free cash flow.
In 2013 looking at 800 million a year in debt service down from 1.3 billion. That is 500 a million a year in extra cash not spent on debt service.
We were a 31.775 billion dollar company this year. I beleive last year we were around 28.063 billion.
8.4% margin for the year. (Excluding special items)