Can someone refresh my memory? I know LUK used to have a large amount of NOLs from various acquisitions (Wiltel for example). How quickly have they been allowed to use that asset? What for? What's left?
The Company and certain of its subsidiaries have federal income tax net operating loss carryforwards (“NOLs”) of approximately $3,637,000,000 at December 31, 2012. For more information see Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.