RE: RE: RE: RE: The banks are right, YLO numbers!!
Thank you Lion, Wolf and MNS for the discussion. I'm still trying to give Lion leeway to understand the true FCF generated. But at the end of the day, isn't it more important how much cashola in in the bank?
For Q2/2012 Lion might say: 67.7M$ net + recap related costs 5.5M$ + depreciation $24.2M$ = 97.4M$
For Q1/2012 Lion might say: (2869M$) net loss + 2968M$ impairment + 30M$ depreciation = $129M
for Q3 Lions said: $99M
...but...
Please excuse my illiteracy; I am not an accountant.
How does depreciation and amortization actually affect cash in the bank at the end of the quarter? For example, the equipment is already purchased, so even though there is depreciation which spreads the cost of the equipment over time to pay it off, hasn't it already left the bank account?
...however...
Cash in the bank:
March 31/12 = $310M
June 30/12 = $376M
Sept 30/12 = $381M
So the cash position only increased $35.5M per quarter??