Re:The Entire Economy Is MoviePass Now
by mediaman on Wednesday May 16, 2018 @07:21PM
(#17087250)
If you are referring to the cash flow statement, which I think you are, there are no "weird non-GAAP claims" involved.
Their latest 10Q shows GAAP pretax income of $1.9 billion.
If you're referring to total change in cash which was -$4.2 billion, that's because they reduced their accounts payable by $10.2 billion from paying all the suppliers after the holiday season. Looking at the consolidated statement of cash flows of a seasonal business very, very easily leads to misunderstanding the business.
Operating cash flow was $18 billion for the year ending 3/31.
Their latest 10Q shows GAAP pretax income of $1.9 billion.
If you're referring to total change in cash which was -$4.2 billion, that's because they reduced their accounts payable by $10.2 billion from paying all the suppliers after the holiday season. Looking at the consolidated statement of cash flows of a seasonal business very, very easily leads to misunderstanding the business.
Operating cash flow was $18 billion for the year ending 3/31.