Viewing a single comment thread. View all comments

burnshimself t1_ixj9vdb wrote

No they’re not. If you swap D&A (which is an accounting concept and non-cash expense) for their Capex and acquisition of intangible assets (which is the annual cash outflow) they’re still running at a loss. That D&A line primarily consists of the amortized value of acquired contracts, which is to say there were recent cash outflows tied to that and it isn’t just an accounting / tax avoidance concept.

0