RE:New Approach on LTD.Yeah, we pretty much agree on the debt. No. 7 becomes official on Thursday but you and I both subtracted the $475M when they announced the partial redemption last month. No.8 will disappear on Thursday, but I subtracted it when they announced the redemption. That is why I show LTD slightly lower than you do.
We don't quite agree on remaining cash on hand, but like you say, we will know soon enough. I believe they have $2.1B less whatever the cash burn for Q2 was (I am guessing $1-200M).
Overall, they are doing exactly what they said they would do. That's about all we can ask for (well, maybe $400M more from Alstom).
Jim
BBDB859 wrote: JFC Jim.
Let's come to some simple agreements without details of what actually happened, and how the Bomber got here, so we can get to the other end constructively.
I'm going to work backwards on my Debt Chart so that you, and I can come to an agreement, that we are saying the same thing. This may be the more traditional way of doing this. Correct any #'s you have different than mine.
First the LTD.
Bonds balance owing.
1) $1.2B due June 2026
2) $ .510B due May 2034 (***They only needed $250M but took $510M***)
3) $2.0B due Apr. 2027
3) $ .119B due Dec. 2026
4) $1.5B due May 2025
5) $1.0B due Dec. 2024
6) $ .534B due Jan. 2023
7) $ .514B due Oct.2022
8) $ .091B due Mar.2022
LTD $7.469B Owing
Are we in agreement here so far?
Here is what I'm thinking.
From #2 above they got $.260B more than they needed. So they may apply the $.260B to the LTD items above, and if so, we can deduct the #3 and #8 from above of $.119B and .091B which equals $.210B. We may end up with $7.469B - $.210 = $7.259B. This is what I have as current as of last week. There are some smaller costs like $19M for capital leases, and $6m of some other small thing etc., but unimportant in the long picture.
So now we can move forward. If that's ok. with you.
If you notice above I've added the $1.2B of debt taken out June 2021, as #1 from above, that was in question to the TLD.
Next comes the trickier part once we're ok here. Because we would only be guessing, as to what's in the Bombers current account, as for cash in the bank. Part of those answers to that questions will come from Q1 from BD, and from the Q4 statements.