That's not really correct. EBITDA is not earnings before bad stuff - that stuff is all % of your income and/or write downs that have no impact to the business,

That's not really correct. EBITDA is not earnings before bad stuff - that stuff is all % of your income and/or write downs that have no impact to the business, so financial folks like to exclude it as noise (since all it really does is reduce your taxes). Examples: - You bought a company and now it's worthless - You made money and now you have to pay taxes on it - You bought a bunch of computers and now they're three years old and worth less than when you bought them - You bought something 10 years ago, and, instead of paying for it all up front, you paid over time