Question
Bombardier reported a cash burn of $222 million compared with positive free cash flow of $341 million in the same period a year ago, due
Bombardier reported a cash burn of $222 million compared with positive free cash flow of $341 million in the same period a year ago, due partly to a build-up in working capital to support higher deliveries. Analysts polled by Refinitiv had expected negative free cash usage of $171 million
Why did Bombardier stock drop? Explain
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
