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-   -   AMR's Cash Flow Expenses vs. Assets Statement (https://www.airlinepilotforums.com/major/53130-amrs-cash-flow-expenses-vs-assets-statement.html)

bgmann 08-28-2010 02:24 PM

AMR's Cash Flow Expenses vs. Assets Statement
 
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

paco514 08-28-2010 02:43 PM

Not sure how long you have been looking at AMR....but this has been going on for years.....they are great/smart at their shell game with money and have the SEC's approval on it.

Thedude 08-28-2010 03:51 PM

Welcome to the airline biz!!!

Its all paperpushers and pencil neck geeks that run things now.
The can make a healthy biz look like its on the edge of bankruptcy.

Flyby1206 08-29-2010 01:24 PM

I believe American Eagle is one of the "other expenses" and they claim in the footnotes that Eagle incurs well over $1billion in expenses per year. But keep in mind they could say Eagle costs $1 to operate. There is no way to really know the expense.

atp409 08-29-2010 02:13 PM

I think 1 dollar is a bit generous..

buddies8 08-30-2010 07:28 PM

$1.50. all the rest are bogus charges to show losses.


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