lowecur
Well-known member
- Joined
- Sep 14, 2003
- Posts
- 2,317
My bad, you're right. Add the other income of $21M and you're close to $100M net income. Subtract $35M for corp taxes, and SWA is profitable to the tune of $65M. Profit sharing would have been around $25M less also boosting the bottom line.TAZ MAN said:Lowecur,
I must be missing something. If there were no hedges then wouldn't the operating profit have been 81 mil before taxes? If there were no profit on hedges how would you be taxed on something that didn't exist?
Taz, you're the man. My apologies to all at SWA.......Great Quarter!!!