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  • rogerwenman rogerwenman Jul 8, 2012 7:09 PM Flag

    EPS/Dividend ??

    The 1st Qtr 10-Q Cash Flow Stmt shows:

    Net income.......3,849
    Depr & Depl......7,011

    The next line is:
    Impairment of oil and NG properties....3,093

    Websters has "impair" as "to diminish in quality". This was a non-cash adjustment to net income. Shall we think of this as good for cash available of dividends as well as depreciation and depletion?

 
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