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Wait are the hyperscalers booking unrealized gains as income? Or are they selling their positions?
by supermdguy 2mo ago
Wait are the hyperscalers booking unrealized gains as income? Or are they selling their positions?
- luke5441 2mo agoAs far as I understand GAAP reporting standards actually require them to report gains on those positions as "earnings". But they do report non-GAAP earnings sometimes excluding them. E.g. Google earnings per share last quater is $9.11 GAAP vs $2.85 non-GAAP (mainly because of SpaceX shares).
- iknowSFR 2mo agoA recent Zitron claim is that they’re booking unrealized gains tied to these private labs. Google’s net revenues being a recent example.
- wesammikhail 2mo agoIt's not a "Zitron claim". it's literally in the filings...
- jtcond13 2mo agoUseful piece on this from Owen Lamont: https://www.acadian-asset.com/investment-insights/owenomics/waiter-theres-a-p-in-my-e https://www.acadian-asset.com/investment-insights/owenomics/...
- charleslmunger 2mo agohttps://finance.yahoo.com/news/warren-buffett-decries-accounting-rule-change-that-has-made-a-mess-of-berkshires-earnings-142751564.html https://finance.yahoo.com/news/warren-buffett-decries-accoun...