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Fourth Quarter 2021 Highlights. Taxes related to capital gains realized if any are reflected as part of net realized gain loss in the Statement of Operations.
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Net sales of 11372 million increased 58 year-over-year.
. Capital gains taxes relating to positions still held are reflected as a liability in the Statement of Assets and Liabilities as well as an adjustment to the Funds net unrealized appreciation depreciation. I think my biggest worry is that especially when someones stock ownership far outstrips their liquid cash taxing unrealized gains would cause massive forced selling of holdings constant. Income from operations of 947 million versus 1632.
Ongoing Performance Coatings growth including fifth consecutive quarter of year-over-year Industrial end-market growth partly offset by continued OEM production constraints from supply shortages in Mobility Coatings.
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