The bankruptcy rules on net operating losses (NOLs) are complex, but there are ways NOLs can survive.
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One of the balance sheet assets they accrue during this period are their tax-deductable Net Operating Losses (NOLs).
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When businesses carry back net operating losses (NOLs), they get a refund from the government of prior taxes paid.
Meanwhile, Mr. Kaiser's mind was on the net operating losses (NOLs).
That gave Argonaut-Madrone 99.9% control of the net operating losses.
The net cash proceeds are prior to any adjustment for potential tax liabilities which are likely to arise from the sale of spectrum assets even after utilizing the existing net operating losses.
We do not anticipate that such repatriation, in the short-term, would result in actual cash payments in the U.S., as the taxable event would likely be offset by the utilization of our net operating losses and tax credits.
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But both Stretch and Zerbe have an answer to that: Include tax breaks that would put cold cash now in many businesses' hands--for example, an extension of the now-two-year-period in which business can carry back their net operating losses.
Net losses (operating income less debt payments and non-cash charges such as depreciation) for the parent company were likely much greater than operating losses some years as the team was investing heavily in its regional sports channel, YES Network.
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Mr Demel at Fiat Auto says he stands by the goal of breaking even at the operating level in 2005, and moving out of net losses a year later.
Net-a-Porter reduced its losses during the period, but generated a positive operating cashflow.
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The Rangers have been able to turn small profits on an operating basis, but once you factor in interest, taxes and depreciation the franchise has regularly posted net losses over the past decade.
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