UAL profit sharing
08-31-2016 | 06:05 AM
#41
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From: IAH 320 CA
08-31-2016 | 07:54 AM
#42
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Profit will be down this year. Costs (excluding fuel) have gone up, and revenue is still treading down.
Your PS percentage will be less, but then again at the very least you made 13% more this year. Your wage increases will more than likely offset the decrease in PS% payout. End result is a check about the same $ as last year. If no major global event happens in Q4.
Your PS percentage will be less, but then again at the very least you made 13% more this year. Your wage increases will more than likely offset the decrease in PS% payout. End result is a check about the same $ as last year. If no major global event happens in Q4.
08-31-2016 | 03:13 PM
#43
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Huh?
How to calculate and report EPS is clearly defined in many areas not least of which is GAAP accounting rules. Common Shares outstanding are listed under Stockholder Equity in the Q2 UAL 10-Q and are all that matter when reporting under GAAP.
323 mil Q2 2016 vs 365 mil Q4 2015
Share buy backs do not impact PS nor are EPS calculations relevant to PS.
How to calculate and report EPS is clearly defined in many areas not least of which is GAAP accounting rules. Common Shares outstanding are listed under Stockholder Equity in the Q2 UAL 10-Q and are all that matter when reporting under GAAP.
323 mil Q2 2016 vs 365 mil Q4 2015
Share buy backs do not impact PS nor are EPS calculations relevant to PS.
the "e" in eps is earnings. earnings are net income or profit. so eps are related, in some way, to eventual share of profit under our profit share scheme
not causal, but related. of course, eps is a metric. like ias is a metric of how fast the jet is sliding thru the air. sure, weight, pitch, thrust, drag, etc, etc, actually determine the speed of the slide thru the air. but ias is a good metric. as eps is a good metric of profits. stand by on the "s" number in eps. I'm reaching out to friends ( one a cfo and one a treasurer of fortune 100 co's) I'll get back. but the "s" in eps is susceptible to interpretation and manipulation. stand by
09-01-2016 | 11:13 AM
#44
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From: IAH 320 CA
There is a column on the earnings report titled "Income before income taxes and excluding special items"
Sounds a lot like the $$ number used for PS....without knowing the % margin however.
That said, for the first 2Qs of 2016 we are at $2.047B. Versus $1.849B for 2015.
So hopefully Sunvox is correct and we are ahead of last year to this point.
Sounds a lot like the $$ number used for PS....without knowing the % margin however.
That said, for the first 2Qs of 2016 we are at $2.047B. Versus $1.849B for 2015.
So hopefully Sunvox is correct and we are ahead of last year to this point.
09-02-2016 | 11:22 AM
#45
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From: UAL retired
PS is based on Pre-tax Income and excludes Special Charges.
2016 so far:
$1425 + $624 = $2049
2015 first half:
$1708 + $119 =$1827
Please note 3-H-4
Also I should note that since Revenue is lower that means margins are higher.
2014 PROFIT SHARING Pretax earnings is defined as a company's earnings after all operating expenses, including interest and depreciation, have been deducted from total revenues, but before income taxes have been subtracted. Pre-tax margin is company's earnings before tax as a percentage of total sales or revenues. The higher the pre-tax profit margin, the more profitable the company. As an example, through the first nine months of this year, United’s total operating revenue was approximately $30 billion, its pretax earnings excluding special items was approximately $1.4 billion, so its pretax margin was a little less than 5%.
$1425 + $624 = $2049
2015 first half:
$1708 + $119 =$1827
Please note 3-H-4
Also I should note that since Revenue is lower that means margins are higher.
Last edited by Sunvox; 09-02-2016 at 12:07 PM.
09-02-2016 | 12:01 PM
#46
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From: UAL retired
huh?
the "e" in eps is earnings. earnings are net income or profit. so eps are related, in some way, to eventual share of profit under our profit share scheme
not causal, but related. of course, eps is a metric. like ias is a metric of how fast the jet is sliding thru the air. sure, weight, pitch, thrust, drag, etc, etc, actually determine the speed of the slide thru the air. but ias is a good metric. as eps is a good metric of profits. stand by on the "s" number in eps. I'm reaching out to friends ( one a cfo and one a treasurer of fortune 100 co's) I'll get back. but the "s" in eps is susceptible to interpretation and manipulation. stand by
the "e" in eps is earnings. earnings are net income or profit. so eps are related, in some way, to eventual share of profit under our profit share scheme
not causal, but related. of course, eps is a metric. like ias is a metric of how fast the jet is sliding thru the air. sure, weight, pitch, thrust, drag, etc, etc, actually determine the speed of the slide thru the air. but ias is a good metric. as eps is a good metric of profits. stand by on the "s" number in eps. I'm reaching out to friends ( one a cfo and one a treasurer of fortune 100 co's) I'll get back. but the "s" in eps is susceptible to interpretation and manipulation. stand by
If you know the earnings and the revenue you can calculate the profit sharing.
If you know the EPS and the revenue you can NOT calculate the profit sharing unless I give you a share count.
Yes, of course, EPS are related to earnings that's a silly statement.
Yes, there are many variations in rules surrounding calculations of EPS, but for any SP500 corporation the differences between basic EPS or diluted EPS is so small as to not be viewable unless you take the calculation well beyond the 3rd or 4th decimal.
The point I am making and the one to which I responded "huh?" is you seemed to imply that EPS are some mysterious calculation involving an amalgam of Treasury shares, Preferred Shares, etc. They are not. They are a simple tool for comparing corporate results over time and industries. Furthermore, they are of little use when discussing UAL Pilot Profit Sharing.
09-02-2016 | 12:38 PM
#47
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From: Captain
If you know the earnings and the revenue you can calculate the profit sharing.
If you know the EPS and the revenue you can NOT calculate the profit sharing unless I give you a share count.
Yes, of course, EPS are related to earnings that's a silly statement.
Yes, there are many variations in rules surrounding calculations of EPS, but for any SP500 corporation the differences between basic EPS or diluted EPS is so small as to not be viewable unless you take the calculation well beyond the 3rd or 4th decimal.
The point I am making and the one to which I responded "huh?" is you seemed to imply that EPS are some mysterious calculation involving an amalgam of Treasury shares, Preferred Shares, etc. They are not. They are a simple tool for comparing corporate results over time and industries. Furthermore, they are of little use when discussing UAL Pilot Profit Sharing.
If you know the EPS and the revenue you can NOT calculate the profit sharing unless I give you a share count.
Yes, of course, EPS are related to earnings that's a silly statement.
Yes, there are many variations in rules surrounding calculations of EPS, but for any SP500 corporation the differences between basic EPS or diluted EPS is so small as to not be viewable unless you take the calculation well beyond the 3rd or 4th decimal.
The point I am making and the one to which I responded "huh?" is you seemed to imply that EPS are some mysterious calculation involving an amalgam of Treasury shares, Preferred Shares, etc. They are not. They are a simple tool for comparing corporate results over time and industries. Furthermore, they are of little use when discussing UAL Pilot Profit Sharing.
17-18 percent is feasible versus 13 some last year if UCH reach 6.2 Billion profits for 2016
09-02-2016 | 02:02 PM
#48
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If you know the earnings and the revenue you can calculate the profit sharing.
If you know the EPS and the revenue you can NOT calculate the profit sharing unless I give you a share count.
Yes, of course, EPS are related to earnings that's a silly statement.
Yes, there are many variations in rules surrounding calculations of EPS, but for any SP500 corporation the differences between basic EPS or diluted EPS is so small as to not be viewable unless you take the calculation well beyond the 3rd or 4th decimal.
The point I am making and the one to which I responded "huh?" is you seemed to imply that EPS are some mysterious calculation involving an amalgam of Treasury shares, Preferred Shares, etc. They are not. They are a simple tool for comparing corporate results over time and industries. Furthermore, they are of little use when discussing UAL Pilot Profit Sharing.
If you know the EPS and the revenue you can NOT calculate the profit sharing unless I give you a share count.
Yes, of course, EPS are related to earnings that's a silly statement.
Yes, there are many variations in rules surrounding calculations of EPS, but for any SP500 corporation the differences between basic EPS or diluted EPS is so small as to not be viewable unless you take the calculation well beyond the 3rd or 4th decimal.
The point I am making and the one to which I responded "huh?" is you seemed to imply that EPS are some mysterious calculation involving an amalgam of Treasury shares, Preferred Shares, etc. They are not. They are a simple tool for comparing corporate results over time and industries. Furthermore, they are of little use when discussing UAL Pilot Profit Sharing.
my finance professional friends just laugh when i tell them this subject is even being debated on a pilot forum
anyway. go ahead with another textbook quote argument whoever you are. can't wait
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