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Re:Fantasy Math Is Helping Companies Spin Losses into Profits by api on Monday April 25, 2016 @04:52PM (#11567262)
Are you sure this isn't just hiding profits for tax purposes?
Re:Fantasy Math Is Helping Companies Spin Losses into Profits by dharmon on Monday April 25, 2016 @04:58PM (#11567307)
Statements required by the SEC are not the same as those sent to the IRS.

For example, a company can use straight-line depreciation in their GAAP statements, but use accelerated depreciation for tax purposes. The difference becomes a tax credit on the balance sheet.

The IRS is much less likely to fall for shenanigans than investors.

Re:Fantasy Math Is Helping Companies Spin Losses into Profits by ef4 on Monday April 25, 2016 @05:45PM (#11567625)
If that's the goal, they're doing it badly since the non-GAAP measures show higher profits.
Re:Fantasy Math Is Helping Companies Spin Losses into Profits by kspaans on Monday April 25, 2016 @05:00PM (#11567317)
You can't (quite) choose how you report your profits to the IRS. This is about reporting the company's books to investors.