If you have time, how can capex, an expense, appear as earnings? (I'm pretty clueless about these things) Aha, it's that: "Opex is subtracted from earnings bef

If you have time, how can capex, an expense, appear as earnings? (I'm pretty clueless about these things) Aha, it's that: "Opex is subtracted from earnings before public reporting and before taxes" (I see in other comments here), but capex is not subtracted, so then it looks as if the company is doing better, on paper, although it's not. And this works only for a while, maybe some years? Which might be long enough for the current management, if they leave before things get too bad?