jsouth
Jsouth
join:2000-12-12
Wichita, KS | reply to JakCrow
Re: Which is it?
They made it, but that doesn't mean they get to keep it. They still have to pay every worker, heat and cool every building they own, pay creditors etc. Just like you. That was before taxes etc. |
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Rhobite
Premium
join:2002-02-24
Cambridge, MA
clubs:
| No, that was after everything. Their 2003 net income was $8.5 billion after all those expenses. However that includes about $2.5 billion due to accounting changes so a more accurate number is $6B. Still, I'd say that SBC is indeed "rolling in profits".
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Jimmysquid.com - I take pictures. |
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Talis
join:2001-06-21
Houston, TX
| reply to jsouth
You're mistaken. The $8 billion was before taxes but it was not before payroll, utilities or loan payments. Their gross revenue was $40 billion, from which they paid their operating expenses. Net income, after tax, was $5.9 billion.
»www.hoovers.com/sbc-communicatio···al.xhtml |
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JakCrow
join:2001-12-06
Palo Alto, CA | Those poor, poor people. Only $5.9 billion. How will they feed their children? |
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major marco
Res Firma Mitescere Nescit
Premium
join:2003-02-13
Stepford, CA
clubs:
| reply to jsouth
said by jsouth  :
They made it, but that doesn't mean they get to keep it. They still have to pay every worker, heat and cool every building they own, pay creditors etc. Just like you. That was before taxes etc.
And let's not forget the 24K golden parachute + private jet + 3 summer homes + 3 winter homes + seven figure annual compensation + six figure semi-annual bonuses et al + numerous other perks enjoyed by the CEO.
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