PR for People Monthly MARCH 2017 - Page 17

There is also a note about a non-operating expense from 1991 for “$4 million of costs associated with certain litigation” and the same from 1992 for $1.5 million. Trump has been sued by thousands of civil litigants over slips and falls, and the like, and these contributed to cutting into profit margins. Trump bragged in one of his books that he always makes very cheap and efficient purchasing decisions, but the 1995 statement reports $91 million in furniture, fixtures and equipment purchases as well as $350 million buildings and their improvements despite the negative bottom line with only $195 million in net revenue. This is like a home owner buying new furniture and building a new garage when he can’t make an upcoming mortgage payment.

Figure 2: 1995 Corporate Consolidated Balance Sheet: Furniture