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Cash flow from operations was negative 3 billion excluding the "cash held by insurer" and capex was 0.5 billion. This puts unlevered free cash flow at closer to
by texasbigdata 7y ago
Cash flow from operations was negative 3 billion excluding the "cash held by insurer" and capex was 0.5 billion. This puts unlevered free cash flow at closer to negative $3.5B.
The way they are breaking out segments seems to imply that theres heavy losses in non-North America so of they were to shut off the rest of world stuff maybe it looks better.
- toomuchtodo 7y agoDoes this imply a ~1 year runway considering $11B cash/cash equivalents on hand?
- texasbigdata 7y agoI believe that was an annual number. Not sure runway makes sense for an entity this big. They recognized billions of stock comp. There's enough enterprise value to generate cash in a variety of ways. The company might kick and scream to not do anything dilutive but its hard to see a scenario where they couldn't access the capital markets if backed against the wall (albeit at maybe an expensive rate). But I'm not intimately familiar with this stock.
- deleted 7y ago[deleted]