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The expected cash drain includes $10 billion in automotive-related operating losses forecast for 2007 to 2009 and another $7 billion for restructuring costs, which includes plant closings and the 38,000 buyouts.
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The retailer's objective is to maximize the expected cash level at the end of the selling period.
Synthetic insurance premiums are designed to "protect" the value of expected cash flows which are treated as additional project costs.
We want to invest in companies where the dividend is below current cash flow and certainly future expected cash flow.
Thus, expected cash flows are often modeled in part based on the likelihood of payout.
For growing perpetuity: present value = expected cash flow next year/(discount rate - expected growth rate).
Voters, especially rural ones, expect cash handouts before elections.
Mr Combes expects them to switch from being a cash drain of €115m in 2012 to become a fount of over €250m in two years' time.
Our guesstimate excludes the impact of cash drain for restructuring, which is expected to depress gross margin to the upper 20s and kick operating expenses north of the lower 20s as a percent of revenue.
"Investors have been expecting that Boeing would finally start freeing itself of the cash drain from all the problems in developing the plane and that they would start to see more rewards now," he added.
One young woman, who had just had a baby, found the child a "cash drain" and a "time drain".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com