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Linn Energy, LLC (LINE) Message Board

  • miketelford72 miketelford72 Jul 5, 2013 9:36 PM Flag

    1.028 Billion of non cash expenses in last years income statement

    Non cash expenses are deducted from income but available for use by a business.

    Depreciation, Depletion and Amortization
    Depreciation, depletion and amortization increased by approximately $272 million or 81% to approximately $606 million for the year ended December 31, 2012, from approximately $334 million for the year ended December 31, 2011. Higher total production volumes were the primary reason for the increased expense. Depreciation, depletion and amortization per Mcfe decreased to $2.47 per Mcfe for the year ended December 31, 2012, from $2.48 per Mcfe for the year ended December 31, 2011.
    Impairment of Long-Lived Assets

    During the year ended December 31, 2012, the Company recorded noncash impairment charges, before and after tax, of approximately $422 million associated with proved oil and natural gas properties related to a decline in commodity prices. The Company recorded no impairment charge for the year ended December 31, 2011. See Note 1 and “Critical Accounting Policies and Estimates” below for additional information.

    Sentiment: Strong Buy

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LINE
31.72+0.27(+0.86%)Aug 29 4:00 PMEDT

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