You zoomed in on a quarter, which is not a good way to look at it. From an annual standpoint, they have been profitable for each of the last 4 years, excluding

You zoomed in on a quarter, which is not a good way to look at it. From an annual standpoint, they have been profitable for each of the last 4 years, excluding 2015. 2015 Included a massive impairment of goodwill (which is not a cash expense) at $4.4B[0] and would have otherwise been profitable. [0] http://www.sec.gov/Archives/edgar/data/1011006/000119312516483790/d12894d10k.htm http://www.sec.gov/Archives/edgar/data/1011006/0001193125164...