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by jimclegg 2367 days ago
How does cash flow not change when you have to scrap the whole lot of 737Max orders?
1 comments

I meant the impairment itself does not impact cash flow (setting aside taxes, can’t comment there). See Verizon Oath write down. Of course this can happen to already distressed firms who are experiencing cash flow issues. It’s just a way of making things appear “even worse” in your books without materially impacting your day to day business.