JakCrow
join:2001-12-06
Palo Alto, CA | Re: Which is it? Did or did not SBC make $8 billion last year? | |
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 jsouth
Jsouth
join:2000-12-12
Wichita, KS | Re: Which is it? They made it, but that doesn't mean they get to keep it. They still have to pay every worker, heat and cool every building they own, pay creditors etc. Just like you. That was before taxes etc. | |
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Rhobite
Premium
join:2002-02-24
Cambridge, MA
clubs:
| Re: Which is it? No, that was after everything. Their 2003 net income was $8.5 billion after all those expenses. However that includes about $2.5 billion due to accounting changes so a more accurate number is $6B. Still, I'd say that SBC is indeed "rolling in profits".
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Jimmysquid.com - I take pictures. | |
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| Talis
join:2001-06-21
Houston, TX
| You're mistaken. The $8 billion was before taxes but it was not before payroll, utilities or loan payments. Their gross revenue was $40 billion, from which they paid their operating expenses. Net income, after tax, was $5.9 billion.
»www.hoovers.com/sbc-communicatio···al.xhtml | |
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JakCrow
join:2001-12-06
Palo Alto, CA | Re: Which is it? Those poor, poor people. Only $5.9 billion. How will they feed their children? | |
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