Magna - one step away from bankruptcy ??

Originally Posted by SentToStud

Annual Financials
Mar 2006 Dec 2005 Dec 2004 Dec 2003 Dec 2002
Revenues $668 mil $625 mil $732 mil $709 mil $549 mil
Net Earnings $-99 mil $-105 mil $-96 mil $-105 mil $-14 mil
Net EPS $-0.92 $-0.98 $-0.89 $-0.98 $-0.14
Pre-tax Margin -16.2% -16.6% -13.3% -23.1% -4.2%
Net Margin -14.8% -16.9% -13.1% -14.8% -2.6%
EBITDA $-11 mil $-28 mil $-8 mil $17 mil $23 mil
Long-Term Debt $522 mil $517 mil $484 mil $340 mil $190 mil
Current Assets $ 273 mil $225 mil $149 mil $174 mil $163 mil
Current Liabilities $385 mil $324 mil $196 mil $184 mil $177 mil
Common Equity $468 mil $460 mil $579 mil $657 mil $721 mil


They're losing $9 million a month.

thanks stud, it looks like there current expeneses are funded by credit, look at the increase in long term debt,
the rebuiding of gulfstream may push them into bankruptcy.