BagoThis is a repost of my answer to your last post about the LOSSE's you're refering to.
You don't get the concept.
You're like a dog on a bone. That's why you have a picture of a dog for your identity.
You see a loss for Q1/21 or Q1/2022, and you can't interpret it properly. I've made it as simple as I could for u. I can't make it any simpler. Short of banging my head against the wall, trying to get you to understand the concept.
The Fiscal year consists of 4 Quarters. The First Quarter of Bombardier, is the Heaviest spending Quarter..The rest of the years Quarters, are the money makers making up the first Quarter Investment loss, that was shown. In Q1/21 also they had a heavy CAPEX, as I said in the last post. Even still Q4 2021 showed a profit. Because the full year of 2021 was still profitable no matter the EXPENSES. If the company is losing money like you say they are. They would have gone under by now. They only had $3.6B in receivables from the BT sale in Jan. 2021, left over, to throw at the LTD. Yet they've placed $5B on the LTD since, and have Reserves of $1.4B for 2022 & $400M more of reserves, that they can't be tapped into, because it's tied up as collateral. I think it may have something to do with the Alstom deal. So in essence they have $1.8B in Reserves left still on the books in 2022.
Read the above paragraph that I just wrote again. Now ask yourself??? How can a company that owed $11B LTD in Jan. 2021?? Pay off LTD of the $11B -$5B from hand = to bring current LTD to $6B? And still have another $1.8 of Reserves/Liquidity (all cash), after putting $5B on the LTD in a year. They don't have an LOC either. So it's real cash sitting there.That's $$6.8B billion dollars of cash sitting there. Retorical Question. They are making money. What loss u read for Q1/21, is just that an operational current loss for Q1/21/22. It's a continuing operational loss. Some/a lot of CAPEX expenses are included in there, that I explained to u before in the last post & now in this post.
So. They only got $3.6B NET from BT in Jan 2021. How could they have spent $5B on LTD and still be sitting on $1.8B of cash. Something is off, isn't it?????
Also. Don't count on this years +FCF/profit as been too large in Q4/22. It won't happen. It will be about $100M to $150M at best. But again, and again, and and again. These past 2 years of 2021/2 were heavy investment years for Pearson & the Service Centers CAPEX mainly. But even that expense, went mostly into the books as a positive for PP&E.
You are misunderstanding the statements. I don't have neither the time nor the patience to teach an AGGRESIVE day trader like you, how to read, & understand the Bomber Statements, Because you are like "a dog on a bone" just like your handle picture. Even if I made u understand what you're reading, you would still argue. Stick to day trading, apparently you're doing well as u say???
As for what we should expect in 2023 & 2024, from Bombardier. We will have great #'s. The spending cycle of 2021/2022 CAPEX is going to be over in 2023. So EBITDA will be untouched in 2023. Anothers words, very little spending for either operations, or R&D. So if EBITDA of 2023/24 will be close to $1B?. Which it will be.Then pressumably it should all be usable. Remember that Production Capacity will INCREASE to 140 planes in 2023/4. Therefore the Revs are going to be way higher. Then you have the Service Centers all operating at full capacity too. Then no CAPEX, or any R&D, nor PP&E like Service Centers/Pearson Plant/Witchita Lear conversion. So this loss to C/O or CAPEX will not be there. Additionally, the Margins will be HIGHER from those Service Centers & Pearson as well. So again EBITDA of 2023/4 isn't going to be touched. It will likely all be useable. Maybe on the LTD.
As for what the Family Projected Guidence for 2025 is? Of $1.5B EBITDA & $500 profit. This can easily be achieved in 2023/4. Because of strong Margins, strong BJ sales, production capacity increases, better margins, & very small CAPEX. So this is why I say that they are way ahead of schedule.
If you can't understand this explanation from my last 2 posts??? Than I can't help u further. Then you have to wait and see, and Bombardier in 2023/4 will keep paying down LTD by $500M every year from 2023 on, and you'll still be reading the first Quarter losses. You may have been reading statements for 30 years, but understanding them specifically to acompany, is another matter. Stay day trading. I don't have the patience for this useless & misguided BARRAGE of yours. Btw. I use rough numbers, because nobody knows the exact numbers until they're in the books.
Cheers