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BP Prudhoe Bay Royalty Trust Message Board

jwu2556 4 posts  |  Last Activity: Feb 12, 2016 10:46 AM Member since: Jan 15, 2010
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  • As Dennis mentioned earlier, we announced in December that our Board of Directors increased our share repurchase authorization to $14 billion and an increase to our dividend of another 20%. .....

    We expect operating cash flow for 2016 to be approximately $10 billion, reflecting
    healthy deliveries, strong operating performance and continued 787 productivity.

  • Reply to

    Boeing management comments on SEC issue?

    by ramstocks Feb 12, 2016 10:04 AM
    jwu2556 jwu2556 Feb 12, 2016 10:40 AM Flag

    BA buy back its own shares better than cheap talk.

  • Reply to

    program accounting

    by aerodog1 Feb 11, 2016 12:16 PM
    jwu2556 jwu2556 Feb 11, 2016 3:13 PM Flag

    Imprecise Standard
    SEC enforcement officials have yet to reach any conclusions and could decide against bringing a case, said the people.

    The issues involved are complex and there are few black-and-white rules governing how companies apply program accounting,

    one person said.Program accounting has been around for decades.

    It was first championed by the aerospace industry to address the problem that companies’ biggest expenses are amassed upfront, as they design planes and devise manufacturing processes. Costs typically fall as the assembly becomes more efficient, making it cheaper to build the later jets than the earlier ones.

    The method, which is fully compliant with Generally Accepted Accounting Principles,

    lets companies average out the costs and anticipated profits over the duration of the “program” for a specific jet, a period that can last decades and encompass hundreds or even thousands of aircraft.
    The expected costs and sales are estimates and they must be updated -- and a loss recorded -- when the program is determined to have reached a point where earnings won’t catch up to losses.

  • Reply to

    program accounting

    by aerodog1 Feb 11, 2016 12:16 PM
    jwu2556 jwu2556 Feb 11, 2016 3:08 PM Flag

    2013 SEC filings. - production of 1,100 planes over 10 years of production.

14.73+0.190(+1.31%)May 5 4:02 PMEDT