They are capital rich but revenue poor. Expenses are exceeding income. Lett admitted it on JW TV and I don't believe he was lying. The literature placements and donations are massively drying up, constructions being halted, publisher growth suddenly at a historic standstill, and they are having to convert non revenue producing prime real estate into cash. They are desperately retrenching and cost cutting wherever you look.
I have no doubt they are sitting on massive piles of cash, perhaps a few billion, but the evidence is they are having to dip into that capital for operating expenses, quite apart from funding the new upstate complex construction. They are definitely in trouble from a purely revenue v expenditure side and having to backspin hard to stop the haemorrhaging.