KenH you know as well as I do I am referring to
corporate welfare ..just look at the new energy
bill it is a giveaway to people like exxon/mobil
stick with the isssue...I never said what you
said...CORPORATE WELFAFE KENH COME ON SPELL IT
AFTER ME ...C O R P O R A T E W E L F A R E
Exxon should use its own money and not tax payers
money to drill and not bilk the taxpayer.
President Bush on Monday signed into law $14.5 billion in tax breaks for U.S. energy companies and incentives to develop alternative fuel sources that he said would lessen U.S. dependence on foreign oil in the future.
now why does exxon/mobil need a tax break when
they are hauling in 3 bllion profit every 3 months
that is every 3 months and pure profit..and they
are sitting on cash or around 18 billion ..it may
be higher now..so why do they need a tax break
when they canpay for it themselves. That KenH
is pure corporate welfare and you know it.
PERIOD ENDING 31-Dec-04 31-Dec-03 31-Dec-02
Net Income 25,330,000 21,510,000 11,460,000
Operating Activities, Cash Flows Provided By or Used In
Depreciation 9,767,000 9,047,000 8,310,000
Adjustments To Net Income (309,000) 344,000 1,053,000
Changes In Accounts Receivables (472,000) (1,286,000) (305,000)
Changes In Liabilities 6,333,000 1,130,000 365,000
Changes In Inventories (223,000) (100,000) 353,000
Changes In Other Operating Activities 125,000 (2,147,000) 32,000
Total Cash Flow From Operating Activities 40,551,000 28,498,000 21,268,000
Investing Activities, Cash Flows Provided By or Used In
Capital Expenditures (11,986,000) (12,859,000) (11,437,000)
Investments (1,074,000) (273,000) (1,114,000)
Other Cashflows from Investing Activities (1,850,000) 2,290,000 2,793,000
Total Cash Flows From Investing Activities (14,910,000) (10,842,000) (9,758,000)
Financing Activities, Cash Flows Provided By or Used In
Dividends Paid (7,111,000) (6,945,000) (6,386,000)
Sale Purchase of Stock (9,206,000) (5,694,000) (4,660,000)
Net Borrowings (1,951,000) (2,124,000) (307,000)
Other Cash Flows from Financing Activities - - -
Total Cash Flows From Financing Activities (18,268,000) (14,763,000) (11,353,000)
Effect Of Exchange Rate Changes 532,000 504,000 525,000
Change In Cash and Cash Equivalents $7,905,000 $3,397,000 $682,000
KenH no way in blue blazes you can justifie
corporate welfare for Exxon/Mobil they have
their own money they don't need mine in the
form of tax breaks...you know someone will
have to make up that revenue and it will be
the middle class and by the way did you see
Lou Dobbs tonight "Assault on the Middle Class"
basic question KenH why does Exxon/Mobil need
my money when it has plenty of pure profits of
its own to invest and drill?
The people who benifit with Exxon/Mobil welfare
is of course them and stockholders Exxon instead
of drilling can buy back 20 percent of its stock
so it is welfare and the common American is again
left footing the bill. Has nothing to do with
socialism or whatever fearmongering you want to
use KenH Corporate Welfare it is just plain wrong and unjust.
I have put
