RE:RE:RE:RE:RE:P/eFor companies that are acquisitory and that choose to write off their acquired intangible assets (sometimes required by accounting rules), it is the norm to addback non-cash amortization. You absolutely have to, Jason Donville has done a few talks on BNN during his market call segments as to why this is the case. Basically, say they buy a company or $10 million. Accounting rules require them to write off, say, $5 million of that investment over several years. But the "value" that is being written off isn't gone - they aren't losing customers, it's purely some theoretical notion that some beancounter in a room came up with. So long story short, earnings are taking a massive hit because of these accounting write-offs, but the company is still generating cash.