- Aug 24, 2002
- Total Time
- A lot
Delta profit, actually 74% lower... $343m
Uhhhhhhhhhh, there were tons of one time charges, but can you explain the $900 million in extra free cash flow? I think you're wrong again.... The employee profit sharing amount for the quarter was $384 million, and that is a percent of the pretax profit. You are big time jealous. Here's more for you to read from the article concerning the quarter:
"Results include $384 million in profit sharing expense in recognition of Delta employees' contributions toward achieving the company's financial goals, which makes a year-to-date profit sharing accrual of $823 million.
Delta generated $910 million of free cash flow during the September 2014 quarter. The company used its strong cash generation in the quarter to reduce its adjusted net debt to $7.4 billion and return $325 million to shareholders through dividends and share repurchases."
Bye Bye---General Lee