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I found the actual statements by searching "chicago parking meters llc" on chicago.gov: https://www.chicago.gov/content/dam/city/depts/fin/supp_info/AssetLeaseA
by a_puppy 4y ago
I found the actual statements by searching "chicago parking meters llc" on chicago.gov: https://www.chicago.gov/content/dam/city/depts/fin/supp_info/AssetLeaseAgreements/Audited%20Financial%20Statements/CPM_2021_Audited_Statements.pdf https://www.chicago.gov/content/dam/city/depts/fin/supp_info...
In 2021, Chicago Parking Meters LLC had $136M revenue minus $50M of various expenses, leaving $86M of net operating income.
But of that $50M, $15M is "amortization of intangible asset", and I think "intangible asset" refers to the right to operate the meters. So it's effectively only $35M of "running-the-business" expenses, leaving $101M of effective profit.