<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by tracon:
Average payments on long-term debt are about $50,000,000/yr for each of the next 5 years.</font>
For the first 9 months of this year, WS generated $130mm in cash from operations. Tha's enough to pay off 2.6 years of l-t debt ccordng to your schedule, 2.2 years after interest payments. If WS continues to generate, say, $125mm in cash after intrest per year and doesn't add any
newLT debt, it could retire it's debt in 4 years.
[This message has been edited by terenz (edited Dec 11, 2003).]