Submitted by NicuCalcea t3_z2rx3w in dataisbeautiful
burnshimself t1_ixj9vdb wrote
Reply to comment by KevinFromRadioShack in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea
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.
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