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Originally Posted by krudawg
(Post 1804323)
So in UAL's latest investor report the following was said they are estimating profit sharing to be paid out for 2014 is $111 Million. So my question is how does that translate to money in OUR pockets
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Originally Posted by hockeypilot44
(Post 1808252)
I'm guessing about 2 percent based on Delta's 1.1 billion in profit sharing paying 16 percent, but what do I know?
This investor update provides guidance and certain forward looking statements about United Continental Holdings, Inc. (the “Company” or “UAL”). The information in this investor update contains preliminary financial and operational results for the Company for fourth quarter and full-year 2014 and forward looking statements for other periods. Capacity The Company’s fourth-quarter 2014 consolidated system available seat miles (“ASMs”) increased an estimated 0.9% as compared to the same period in the prior year. UAL’s fourth-quarter 2014 consolidated domestic ASMs decreased approximately 1.4% and consolidated international ASMs increased an estimated 3.9% versus the fourth quarter of 2013. The Company estimates its full-year 2014 consolidated system ASMs increased 0.3% year-over-year. Revenue The Company’s fourth-quarter 2014 consolidated passenger revenue per available seat mile (“PRASM”) increased between 0.25% and 0.75% versus the fourth quarter of 2013. This guidance is negatively impacted by 1.5 percentage points related to certain interline ticket reconciliations the Company recorded in the fourth quarter of 2013. UAL expects its fourth-quarter 2014 cargo revenue to be between $250 million and $270 million and expects its fourth-quarter 2014 other revenue to be between $960 million and $980 million. For the full year 2014, consolidated PRASM increased between 1.6% and 1.7% year-over-year. United expects cargo revenue to be between $928 million and $948 million and other revenue to be between $4.19 billion and $4.21 billion. Non-Fuel Expense For the fourth quarter 2014, the Company expects consolidated cost per ASM (“CASM”), excluding profit sharing, fuel, third-party business expenses and special charges, to increase 0.75% to 1.75% year-over-year. The Company expects full-year 2014 consolidated CASM, excluding profit sharing, fuel, third-party business expenses and special charges, to increase 1.2% to 1.4% yearover- year. The Company expects to record approximately $65 million of third-party business expense in the fourth quarter and approximately $534 million for full-year 2014. Corresponding third-party business revenue associated with third-party business activities is recorded in other revenue. Fuel Expense United estimates its consolidated fuel price to be $2.83 for the fourth quarter 2014, including $0.25 of cash-settled hedge losses. In the quarter, the Company closed out two percentage points of its 2015 hedge positions, adding approximately $0.09 per gallon to its cashsettled hedge losses. The Company is now 22% hedged for its 2015 fuel consumption. Including the early settlement of these 2015 hedge positions, United expects approximately $237 million in cash settled hedge losses in the fourth quarter, with $85 million of losses in fuel expense and $152 million of losses in non-operating expense. For the full year 2014, UAL estimates its consolidated fuel price, including cash-settled hedges, to be $3.03 per gallon. Non-Operating Expense The Company estimates non-operating expense to be between $330 million and $350 million for the fourth quarter 2014 and between $833 million and $853 million for full-year 2014. These estimates include cash settled hedge losses of approximately $152 million in the fourth quarter of 2014. The Company excludes the non-cash impact of fuel hedges from its non-operating expense guidance and non- GAAP earnings. Profit Sharing and Share-Based Compensation For 2014, the Company will pay approximately 10% of total adjusted earnings as profit sharing to employees for adjusted earnings up to a 6.9% adjusted pre-tax margin and approximately 14% for any adjusted earnings above that amount. Adjusted earnings for the purposes of profit sharing are calculated as GAAP pre-tax earnings, excluding special items, profit sharing expense and share-based compensation program expense. Share-based compensation expense for the purposes of the profit sharing calculation is estimated to be $111 million for full-year 2014. Capital Expenditures and Scheduled Debt and Capital Lease Payments The Company expects between $1.01 billion and $1.03 billion of gross capital expenditures in the fourth quarter and approximately $3.1 billion for the full year 2014, including net purchase deposits. UAL’s gross capital expenditures exclude fully reimbursable capital projects. The Company expects debt and capital lease payments of approximately $530 million in the fourth quarter and approximately $2.6 billion for full-year 2014, including all pre-payments made year to date. The difference versus prior fourth quarter guidance is primarily attributable to the early retirement of $20 million of debt due in future years. |
Originally Posted by krudawg
(Post 1808667)
For 2014, the Company will pay approximately 10% of total adjusted earnings as profit sharing to employees for adjusted earnings up
to a 6.9% adjusted pre-tax margin and approximately 14% for any adjusted earnings above that amount. Adjusted earnings for the purposes of profit sharing are calculated as GAAP pre-tax earnings, excluding special items, profit sharing expense and share-based compensation program expense. Share-based compensation expense for the purposes of the profit sharing calculation is estimated to be $111 million for full-year 2014. Share-based compensation (a.k.a. UAL stock) will be lapped up by senior management and is NOT the same as the profit sharing pool for the minions. |
Originally Posted by krudawg
(Post 1808667)
Investor Update Issue Date: January 9, 2015
This investor update provides guidance and certain forward looking statements about United Continental Holdings, Inc. (the “Company” or “UAL”). The information in this investor update contains preliminary financial and operational results for the Company for fourth quarter and full-year 2014 and forward looking statements for other periods. Capacity The Company’s fourth-quarter 2014 consolidated system available seat miles (“ASMs”) increased an estimated 0.9% as compared to the same period in the prior year. UAL’s fourth-quarter 2014 consolidated domestic ASMs decreased approximately 1.4% and consolidated international ASMs increased an estimated 3.9% versus the fourth quarter of 2013. The Company estimates its full-year 2014 consolidated system ASMs increased 0.3% year-over-year. Revenue The Company’s fourth-quarter 2014 consolidated passenger revenue per available seat mile (“PRASM”) increased between 0.25% and 0.75% versus the fourth quarter of 2013. This guidance is negatively impacted by 1.5 percentage points related to certain interline ticket reconciliations the Company recorded in the fourth quarter of 2013. UAL expects its fourth-quarter 2014 cargo revenue to be between $250 million and $270 million and expects its fourth-quarter 2014 other revenue to be between $960 million and $980 million. For the full year 2014, consolidated PRASM increased between 1.6% and 1.7% year-over-year. United expects cargo revenue to be between $928 million and $948 million and other revenue to be between $4.19 billion and $4.21 billion. Non-Fuel Expense For the fourth quarter 2014, the Company expects consolidated cost per ASM (“CASM”), excluding profit sharing, fuel, third-party business expenses and special charges, to increase 0.75% to 1.75% year-over-year. The Company expects full-year 2014 consolidated CASM, excluding profit sharing, fuel, third-party business expenses and special charges, to increase 1.2% to 1.4% yearover- year. The Company expects to record approximately $65 million of third-party business expense in the fourth quarter and approximately $534 million for full-year 2014. Corresponding third-party business revenue associated with third-party business activities is recorded in other revenue. Fuel Expense United estimates its consolidated fuel price to be $2.83 for the fourth quarter 2014, including $0.25 of cash-settled hedge losses. In the quarter, the Company closed out two percentage points of its 2015 hedge positions, adding approximately $0.09 per gallon to its cashsettled hedge losses. The Company is now 22% hedged for its 2015 fuel consumption. Including the early settlement of these 2015 hedge positions, United expects approximately $237 million in cash settled hedge losses in the fourth quarter, with $85 million of losses in fuel expense and $152 million of losses in non-operating expense. For the full year 2014, UAL estimates its consolidated fuel price, including cash-settled hedges, to be $3.03 per gallon. Non-Operating Expense The Company estimates non-operating expense to be between $330 million and $350 million for the fourth quarter 2014 and between $833 million and $853 million for full-year 2014. These estimates include cash settled hedge losses of approximately $152 million in the fourth quarter of 2014. The Company excludes the non-cash impact of fuel hedges from its non-operating expense guidance and non- GAAP earnings. Profit Sharing and Share-Based Compensation For 2014, the Company will pay approximately 10% of total adjusted earnings as profit sharing to employees for adjusted earnings up to a 6.9% adjusted pre-tax margin and approximately 14% for any adjusted earnings above that amount. Adjusted earnings for the purposes of profit sharing are calculated as GAAP pre-tax earnings, excluding special items, profit sharing expense and share-based compensation program expense. Share-based compensation expense for the purposes of the profit sharing calculation is estimated to be $111 million for full-year 2014. Capital Expenditures and Scheduled Debt and Capital Lease Payments The Company expects between $1.01 billion and $1.03 billion of gross capital expenditures in the fourth quarter and approximately $3.1 billion for the full year 2014, including net purchase deposits. UAL’s gross capital expenditures exclude fully reimbursable capital projects. The Company expects debt and capital lease payments of approximately $530 million in the fourth quarter and approximately $2.6 billion for full-year 2014, including all pre-payments made year to date. The difference versus prior fourth quarter guidance is primarily attributable to the early retirement of $20 million of debt due in future years. |
Originally Posted by socalflyboy
(Post 1808808)
Sooooooooo, what's the % of my W2 I can expect? That's the question my friend!
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Originally Posted by socalflyboy
(Post 1808808)
Sooooooooo, what's the % of my W2 I can expect? That's the question my friend!
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I can't wait to see the happy little fella holding the money bags wearing his hat. Makes one proud.
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Full year data out
CHICAGO, Jan. 22, 2015 /PRNewswire/ -- United Airlines (UAL) today reported full-year 2014 net income of $1.97 billion, an increase of 89 percent year-over-year, or $5.06 per diluted share, excluding $834 million of special items. Including special items, UAL reported full-year net income of $1.13 billion, or $2.93 per diluted share. UAL reported fourth-quarter 2014 net income of $461 million, an increase of 86 percent year-over-year, or $1.20 per diluted share, excluding $433 million of special items. Including special items, UAL reported fourth-quarter 2014 net income of $28 million, or $0.07 per diluted share.
UAL earned a 12.9 percent return on invested capital in 2014. United's consolidated passenger revenue per available seat mile (PRASM) increased 1.6 percent for full-year 2014 compared to full-year 2013. Full-year 2014 consolidated unit costs (CASM), excluding special charges, third-party business expenses, fuel and profit sharing, increased 1.3 percent year-over-year on a consolidated capacity increase of 0.3 percent. Full-year 2014 CASM, including those items, decreased 1.6 percent year-over-year. In 2014, United returned approximately $320 million to shareholders as part of its previously announced $1 billion share buyback program. In addition, throughout the year, United spent $310 million to retire convertible debt that was convertible into approximately 5.8 million shares of UAL common stock. Employees earned $235 million in profit sharing for full-year 2014, which will be distributed on Feb. 13. UAL ended the year with $5.7 billion in unrestricted liquidity. "Thanks to the good work of the United team, we reported a $2 billion profit for 2014, excluding special items," said Jeff Smisek, UAL's chairman, president and chief executive officer. "We're starting 2015 as a better airline, and we expect to generate far better results. I'm excited about what we will do this year to improve our operations, our product, and our customer service, focusing on growing our core earnings and margins. For the first quarter, we expect our pre-tax margin to be between 5 and 7 percent, excluding special items." Says $235 million to employees. Without having the special items impact to the UPA agreed upon 6.9% of pre tax margin (where it shifts from 10% to 20%) it seems that if we got $190M last year and $235M this year then a WAG is an increase from last year of a multiple of 1.23. I am likely completely off and smarter minds than I need to comment please. |
2014 Profit Sharing?
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One didn't need to have been an employee for the entire 2014 calendar year to receive even a prorated share, do they?
Wife was a returning furloughee in Feb 2014. Would kinda like to get a little piece of the pie...:D |
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