HOw do you lose 3.2b

[wwtraveler99]

Can someone please explain how a Company can lose 3.2b and still have 1.9b in cash. Where does the 3.2b come from to lose?
This is not an anti-UAL comment. It is meant to find how any company can do this. I know AOL lost 99b last year but it was explained that most of that loss was on paper.
Thanks for any help or information you can give.
WW

 

[G4G5]

"UAL ended the quarter with a cash balance of $1.9 billion. UAL's cash balance includes $579 million in restricted cash, including $117 million in long-term restricted cash. During the quarter, the company received $700 million in cash from its Debtor-In-Possession (DIP) financing arrangements."

Can someone clarify the cash situtation?

Approx $850 mill on or about 12/11 (file of Ch11)
$579 mill on 1/30
Received $700 mill on 12/11

Did UAL burn through the orignal $850 and now they have $579 left out of the $700 mill DIP? In approx 50 days?

That would be close to the $20 mill per day estimates that were announced($980 mill in 50 days). Just curious if my math is correct.

 

[casual rat]

G4G5, your math is less 'fuzzy' than the chefs who are baking our books--over a nice chianti it would seem......