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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (199734)10/23/2002 9:55:56 PM
From: Spekulatius   of 436258
 
Has anyone checked AOL's earnings

EBIT down 1% YOY
debt increased 5B$ YOY
"Free cash flow" 3.5B$ but oh wait, they did not even include interest in this number. AOL earnings restated by 100M$. The beat goes on.The press release does not even contain a real income statement. This is one funky piece of accounting. I'd love to hear reapers comments on this one. I don't believe that this is a Ch11 case yet, unless Management continues to throw away money with acquisitions of course.
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