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I'm typing this on a Macbook Pro, which is made by Apple with their net profit margin of 24.3% for Q4 2024. BNSF, one of the companies which is the topic of thi

by sofixa 1y ago

I'm typing this on a Macbook Pro, which is made by Apple with their net profit margin of 24.3% for Q4 2024. BNSF, one of the companies which is the topic of this conversation, has an operating ratio of 68% for 2024 (how much of their revenue goes towards operational costs). Their net income was $5 billion. They can afford to have a little extra employees to cover fucking sick leave. > Get in the real world, not some fantasy land Get out of a libertrarian's wet dream and look around you, read up a little bit on various companies financials.

danielmarkbruce 1y ago
Apple barely make the product. Look at the margins of all their suppliers. That fat line showing about $200b of cogs is filled with low margin businesses - the vast majority of the world is not some outlier like Apple. Gotta look more than one layer deep financial statement guy. People who actually read a lot of financial statements have looked at a looooot more than the ones of the names on TV.
- sofixa 1y ago
  The topic of this conversation is BNSF and their ilk, I just threw Apple as a fun "you're even more wrong with your anecdote than with your main statement". What's your excuse for them abusing their employees? Why can't they afford to provide sick leave for their employees when not only do they have billions of net profit every year, many other railways around the world in the same type of business manage to do that and be profitable.
  - danielmarkbruce 1y ago
    You edited your comments... could you be more disingenuous?
    - sofixa 1y ago
      No answer, good to know you agree that companies like BNSF have the money to have basic human decency and empathy towards their employees. Yes, I edited my comment to add more data points when I collected them.
FirmwareBurner 1y ago
>I'm typing this on a Macbook Pro, which is made by Apple with their net profit margin of 24.3% for Q4 2024. Apple's margins are so high because the margins of their suppliers are so low (used to work for one of them) with some used to have suicide nets at their factories. Apple is an exception worldwide when it comes to HW margins, not the norm. >They can afford to have a little extra employees to cover fucking sick leave. Shareholders care more about line going up then about the welfare of the workers.
tekknik 1y ago
Where do you get your data on BNSF? The data I have shows you’re off by a factor of near 5.
- sofixa 1y ago
  Their own website: https://www.bnsf.com/about-bnsf/financial-information/ https://www.bnsf.com/about-bnsf/financial-information/ Every quarter you click on, <70% operating ratio, $1.something billion net income.
  - tekknik 1y ago
    So you’re missing quite a bit of data. BNSF has pension liabilities and took a small loss there last year. Additionally BNSF has only about $500mil of cash reserves and just pushed another near $3bil in maintenance and investment that’s not on their Q4 financial data. I don’t know how much sick leave costs them, but they’re not as wealthy as a company as you claim here.

by sofixa 1y ago

danielmarkbruce 1y ago

Apple barely make the product. Look at the margins of all their suppliers. That fat line showing about $200b of cogs is filled with low margin businesses - the vast majority of the world is not some outlier like Apple. Gotta look more than one layer deep financial statement guy. People who actually read a lot of financial statements have looked at a looooot more than the ones of the names on TV.

sofixa 1y ago
The topic of this conversation is BNSF and their ilk, I just threw Apple as a fun "you're even more wrong with your anecdote than with your main statement". What's your excuse for them abusing their employees? Why can't they afford to provide sick leave for their employees when not only do they have billions of net profit every year, many other railways around the world in the same type of business manage to do that and be profitable.
- danielmarkbruce 1y ago
  You edited your comments... could you be more disingenuous?
  - sofixa 1y ago
    No answer, good to know you agree that companies like BNSF have the money to have basic human decency and empathy towards their employees. Yes, I edited my comment to add more data points when I collected them.

FirmwareBurner 1y ago

>I'm typing this on a Macbook Pro, which is made by Apple with their net profit margin of 24.3% for Q4 2024. Apple's margins are so high because the margins of their suppliers are so low (used to work for one of them) with some used to have suicide nets at their factories. Apple is an exception worldwide when it comes to HW margins, not the norm. >They can afford to have a little extra employees to cover fucking sick leave. Shareholders care more about line going up then about the welfare of the workers.

tekknik 1y ago

Where do you get your data on BNSF? The data I have shows you’re off by a factor of near 5.

sofixa 1y ago
Their own website: https://www.bnsf.com/about-bnsf/financial-information/ https://www.bnsf.com/about-bnsf/financial-information/ Every quarter you click on, <70% operating ratio, $1.something billion net income.
- tekknik 1y ago
  So you’re missing quite a bit of data. BNSF has pension liabilities and took a small loss there last year. Additionally BNSF has only about $500mil of cash reserves and just pushed another near $3bil in maintenance and investment that’s not on their Q4 financial data. I don’t know how much sick leave costs them, but they’re not as wealthy as a company as you claim here.