4 ms·
Groupon is essentially a fancy retailer that "drop ships" everything. In accounting terms it's done this way: $760M Gross Revenue -$360M COGS (cost of goods s
by apinstein 16y ago
Groupon is essentially a fancy retailer that "drop ships" everything. In accounting terms it's done this way:
$760M Gross Revenue
-$360M COGS (cost of goods sold)
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$400M Gross Profit
-300M (Itemized expenses)
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$100M Operating Income
-$10M Tax/Depreciation/etc
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$90M Net Income
Figures besides revenue are just guesses of course, but this is how it's done in accounting terms.
For a real example see something like Amazon: http://finance.yahoo.com/q/is?s=AMZN+Income+Statement&annual http://finance.yahoo.com/q/is?s=AMZN+Income+Statement&an...