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Uber didn’t invent adjusted EBITDA fwiw… it’s a standard practice for businesses to present GAAP and non-GAAP (pro-forma) earnings that they believe better repr
by siliconlotus 5y ago
Uber didn’t invent adjusted EBITDA fwiw… it’s a standard practice for businesses to present GAAP and non-GAAP (pro-forma) earnings that they believe better represent the business. Also, any investor can simply look at Uber’s regular SEC-filed statement of cash flows if they would like to get a clearer view of Uber’s cash flows without those accrual accounting nuances
- alex_young 5y agoNon-GAAP is an amusing idea. GAAP stands for Generally Accepted Accounting Practices right? Doesn’t this mean that non-GAAP is pretty shaky since it’s not accepted by the rest of the industry?
- whall6 5y agoNon-GAAP is understood to be biased. It’s the company’s version of their financials. This is not the same version that is audited and required to be submitted on a quarterly basis.