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Who took on more debt just for stock buyback that is now asking for a bailout?
by IanDrake 7y ago
Who took on more debt just for stock buyback that is now asking for a bailout?
- pauljurczak 7y agoIt's not necessarily about taking debt to buyback their stock. It is about free cash flow. Here are some facts: "As a group, the six [major US] airlines spent 96% of their free cash flow on stock buybacks over the past 10 full years through 2019." "Boeing’s free cash flow for 10 years totaled $58.37 billion, while the company spent $43.44 billion, or 74% of free cash flow, on stock repurchases."