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That is not how accounting works. However, it is true that a company can report a loss on it's P&L statement (due to non-cash expenses like impairments / write
by getToTheChopin 3y ago
That is not how accounting works.
However, it is true that a company can report a loss on it's P&L statement (due to non-cash expenses like impairments / write-downs, reserves) while they in fact did generative positive cash flow in that same period.
- Wytwwww 3y agoBut the company is still profitable on the whole (even if their margins are not great these days) they basically just shifted some of the costs from one department to another