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But the company also made a $30 million provision for losses on sales of producing processes.
Dixons report in this paper states that although they made a loss on sales, the IT support section made a good profit and keeps them solvent.
The adjusted basis for tax purposes are different than for financial accounting (GAAP) gains or losses on sales of capital assets.
The figure is based partly on F.S.L.I.C.'s calculation of what First Texas will require to cover losses on sales of foreclosed property it holds.
Latest-quarter's pretax losses on sales of investments of $40,527,000 included the $37.4 million aftertax charge from the writeoff of the subordinated note in the Texas savings and loan.
This means Amazon may be paying the publisher $14 per title, for example, but is intentionally taking a loss on sales in order to push cheap e-books to Kindle users.
And the memo said Republicans had won language in the final deal that provisions reducing capital gains and estate taxes could include indexing for inflation or losses on sales of residences.
In the last two months, the price of the bonds has moved up sharply, partly in response to a rising share price, but also as holders grow more reluctant to take big losses on sales of the bonds back to the company.
Nobody claims the markets were particularly rational when they briefly drove the value of the company to $70 a share when it went public last July, thus assigning a market capitalization of more than $2 billion to a company that, at the time, had reported a $30.4 million loss on sales of $4.2 million so far that year.