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The most important figure to look at here is the cash flow statement. Consider that they are actually cash positive from operations, but are spending more than
by epa 12y ago
The most important figure to look at here is the cash flow statement. Consider that they are actually cash positive from operations, but are spending more than 1.5x the cash they get from operations on buying companies. Consider also that a lot of their staff are cashing out on their stock options which is the big reason for the GAAP to non-GAAP differences in net income.
- jonknee 12y ago> Consider also that a lot of their staff are cashing out on their stock options which is the big reason for the GAAP to non-GAAP differences in net income. They're giving away huge sums of investor equity to employees instead of having to pay them what they're worth, it's fair that this is recorded as an expense.