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| Favorite team: | Wake Forest  |
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| Number of Posts: | 46 |
| Registered on: | 6/16/2013 |
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re: Woman injects poopoo into husbands IV
Posted by Sigma_ on 1/31/14 at 2:12 pm to JOJO Hammer
Her face looks like the Michael Meyers Halloween mask
0
re: Help with 10-Q Interpretation
Posted by Sigma_ on 1/30/14 at 6:02 am to LSURussian
quote:Fair enough, but if there is a big growth in revenues and minimal change in operating cost, where did all of the operating cash go?
Profit is an opinion. Cash is a fact.
Is there anything obvious from the link I provided? I would have linked directly to each of the two pages, but with the java menus you have to click the bar on the left after following the link.
On the statement of cash flows, the biggest swings that comprise the difference are in the "Changes in operating assets and liabilities" section - accounts receivable, prepaid expenses, settlement of asset retirement obligations. Is this just a reflection of how they are moving the cash around, versus a big growth in operating profit? Maybe I should be comparing the operating cash flows before taking these items into account to measure the growth in cash generation of the base assets.
This is not some investigative journalism here, I think it is probably something obvious and me being a novice at financial statements.
I have a decent position in this company and am researching more thoroughly before extending my position.
ETA: To the earlier poster, the statements specifically compare this quarter to the same quarter last year.
quote:This is an oil and gas production company, so they don't sell directly to consumers.
They probably lessened their credit standards and increased the length the buyer has to pay back at coupled with growth.
What kind of expenses would they want to prepay?
Thanks for chiming in.
Help with 10-Q Interpretation
Posted by Sigma_ on 1/29/14 at 10:24 pm
Here is a link to the 10-Q in question ( LINK)
Financial Statements --> Consolidated Statements of Income shows $42.7 MM growth in quarterly Operating Income from $56.7 MM last year to $99.4 MM this year, driven primarily by an increase in revenues.
Financial Statements --> Consolidated Statement of Cash Flows shows $5.7 MM growth in quarterly Net Cash Provided by Operating Activities from $102.2 MM last year to $107.9 MM this year.
So the surge in operating income to me is a major plus, and it seems more reflective of the big improvement in revenues. But mentally I can't reconcile why the statement of cash flows doesn't indicate a similar growth. There are a lot of differences between the two quarters in stuff like accounts receivables change, etc.
Which of the two is more meaningful? The goal of this exercise was to get a basic pulse of the core assets, without being obscured by the recent capital investments. But I am fairly new to analyzing financial statements and really learning as I go. Any comments?
Financial Statements --> Consolidated Statements of Income shows $42.7 MM growth in quarterly Operating Income from $56.7 MM last year to $99.4 MM this year, driven primarily by an increase in revenues.
Financial Statements --> Consolidated Statement of Cash Flows shows $5.7 MM growth in quarterly Net Cash Provided by Operating Activities from $102.2 MM last year to $107.9 MM this year.
So the surge in operating income to me is a major plus, and it seems more reflective of the big improvement in revenues. But mentally I can't reconcile why the statement of cash flows doesn't indicate a similar growth. There are a lot of differences between the two quarters in stuff like accounts receivables change, etc.
Which of the two is more meaningful? The goal of this exercise was to get a basic pulse of the core assets, without being obscured by the recent capital investments. But I am fairly new to analyzing financial statements and really learning as I go. Any comments?
quote:Cool. That's the kind of stuff I need to know. I have a lot of strong points, but fashion isn't one of them. My current suit is black with very narrow pinstripes, probably $1000 when I got it, but I have been reading that dark gray or dark navy are the way to go.
get a two button, 3 button was a 1990s mistake
Opinions on Brooks Brothers Suits
Posted by Sigma_ on 12/31/13 at 1:38 pm
I have an interview coming up, but I don't typically wear suits except to weddings and funerals.
Does Brooks Brothers have good suits, and do they tailor them well? There is a location nearby, and I was thinking about getting a charcoal gray three-button suit.
Any thoughts? I am not much of a snappy dresser and am hoping they can guide me in the right direction.
Does Brooks Brothers have good suits, and do they tailor them well? There is a location nearby, and I was thinking about getting a charcoal gray three-button suit.
Any thoughts? I am not much of a snappy dresser and am hoping they can guide me in the right direction.
re: What do you do, and how much do you make?
Posted by Sigma_ on 10/3/13 at 4:54 pm to I Love Bama
Yeah, the income is good right now. But if I can keep it up for another 4-5 years my plan is to downsize the stress, commute, workload and of course income. The kids won't be young forever and I am itching to put my career on cruise control. Half of the income would be fine with me.
re: What do you do, and how much do you make?
Posted by Sigma_ on 10/2/13 at 8:23 pm to LSUengineer12
Petro eng, private business, 12 yr exp
250-450k depending on variable pay
250-450k depending on variable pay
State 0%
Federal 26% (AMT sucks)
Federal 26% (AMT sucks)
Both points are incorrect. It is a liability and does compute in the asset minus liability formula.
Why do you feel like 1 or 2 has to be correct? Maybe that is your hangup.
Why do you feel like 1 or 2 has to be correct? Maybe that is your hangup.
You seem to be hung up on "net worth excluding mortgage". Just drop that out of your head and the rest of it should make sense.
Zach, congrats on the outstanding Money Board trolling. This is the best one I can remember not related to bitcoins or life insurance.
and Liability = Applesauce, hope that clears it up
and Liability = Applesauce, hope that clears it up
re: Estate Planning by Burying Stuff
Posted by Sigma_ on 7/29/13 at 11:05 pm to Bayou Tiger
quote:Hey, don't despair.
Same. But making 300k won't ever happen for me I'd think
If inflation accelerates at some point, it might just do the trick. You may even become a millionaire too.
re: Net Worth at 30
Posted by Sigma_ on 7/28/13 at 5:59 pm to Paul Allen
The value of the house is an asset. Don't just include the mortgage as a liability.
Net Worth = Total Assets - Total Liabilities
Therefore the equity in your home is its contribution to your Net Worth, where
Home Equity = Home Value - Mortgage Balances
Net Worth = Total Assets - Total Liabilities
Therefore the equity in your home is its contribution to your Net Worth, where
Home Equity = Home Value - Mortgage Balances
quote:
400k/yr is absolutely ridiculous if you need that to make you feel "happy"
That wasn't the OP's question. I could be "happy" living in a one-bedroom apartment reading books and enjoying strolls through the park.
quote:
Something that you can live comfortably off of, have nice things, invest well, and not have to worry about finances...
That number really increases with kids and in an area of high cost of living, especially if the alternative to private schools is "urban" public schools.
And yes, I agree with others that 250k should work in Baton Rouge. My 400k figure included very aggressive savings (what I would WANT to do) and a higher cost of living area.
I guess I was thinking 400k if you wanted to send two kids to private school and save 100k per year. Without that 250k would be a very comfortable place to be in life.
The question was about doing all of these nice things and not worrying about money.
The question was about doing all of these nice things and not worrying about money.
Probably making around $400k per year (including bonus) would be a comfortable place in life, without being so much that you would go crazy spending it.
quote::lol:
quote:
Not exactly. You paid back your loan with after-tax dollars. That's a huge penalty.
Bingo
I can almost see JPLSU's head exploding.
It reminds me of the South Park episode making fun of global warming where everyone keeps mindlessly repeating, "You can't go out there. You'll freeze to death!"
Good link, and the comments in there from Jon/Golfer/Bayou are more on target than those who are disagreeing
re: Setting yourself up early financially
Posted by Sigma_ on 7/2/13 at 6:37 pm to IndependentGeorge
Get in the mindset of steering clear of high-maintenance women. That way when you are flush with cash later on you will resist the temptation.
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