Yellow | SEC filing from today

[quote author=thejoe link=topic=79681.msg825718#msg825718 date=1272589340]
Based on expected levels of employment in 2011, we estimate that we will contribute approximately $25-30 million per month to multi-employer pension funds in 2011.

this sentence was included with all the bad stuff
[/quote]
Joe, are you implying that this sentence is not "bad stuff"? If so, you would have to believe that next year YRC is going to have 360 million sitting around with which to make these payments. The chance of that happening is zero.
 
They are not talking about delaying payment to the pension funds past 2011. The current payments to the funds are not deferred, they are non existent and scheduled to resume Jan 2011.. The deferred pension payments they are talking about here are from the first 2 quarters of 2009. Those payments were deferred til next year.
 
[quote author=fr8holler link=topic=79681.msg825845#msg825845 date=1272639281]
They are not talking about delaying payment to the pension funds past 2011. The current payments to the funds are not deferred, they are non existent and scheduled to resume Jan 2011.. The deferred pension payments they are talking about here are from the first 2 quarters of 2009. Those payments were deferred til next year.
[/quote]

Good memory :iamnotworthy: fr8holler I think we all forgot about that !! :thumbsup:
 
this quote they were referring to a Report on Form 10-K for the year ended December 31, 2009.
Our recurring losses from operations, negative operating cash flows and need to obtain cash flow from operations or adequate funding to fund our comprehensive recovery plan raise substantial doubt as to our ability to continue as a going concern.
next paragraph ..
In light of our recent operating results, we have satisfied our short term liquidity needs through a combination of borrowings under our credit facilities and, to a more significant degree, retained proceeds from asset sales and sale/leaseback financing transactions. In an effort to further manage liquidity, we have also instituted the deferral of pension plan payments and the payment of certain interest and fees. As our operating results improve, we expect that cash generated from operations will reduce our need to continue to rely upon these sources of liquidity to meet our short term funding requirements. The wage reduction and temporary pension contribution cessation has also improved our liquidity position; however, the temporary pension

next paragraph--
Based on expected levels of employment in 2011, we estimate that we will contribute approximately $25-30 million per month to multi-employer pension funds in 2011.


but there is a ton of tears for fear talk--page 6-7

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6913440
 
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