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Originally Posted by Ignition
Nah, my wages are still being paid by bond holders / banks. When ntl generates sufficient free cash flow to pay the wage bill I'll agree with that statement.
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ntl does create enough cash at the operating level to pay all operating costs including the full wage bill.
Any outflow of cash is due to "financing activities", i.e. paying off debt.
The cash inflow before financing activities was $111.9m last year.