Idiot. You had to carefully cut the remark out of context to make it appear support your position. If you bothered to look, they were referring to XM's adjusted EBITDA figure.
I had to do no such thing.
Let's revisit this whole conversation.
Message 23494180
You started out posting you opinon as FACT that XM trounced SIRI in Q4. Harping on their FY2006 loss of 1.1Billion, but at the same time continued to whine like a little girl that XM's loss was "nonoperational" and that I didn't "comprehend the difference. When in reality, it was you own Self BITTERNESS that failed to comprehend that almost 25% of SIRI's FY2006 loss was also "non-operational". Of course, when I pointed this fact out regarding your own hypocrisy and BITTERNESS.. You decided to ignore that conversation and go lick your wounds onto another subject that you thought you could win.
I stated:
And if you deduct that stock based compensation paid to Stern and others. Then things are really not that far off.
In which you replied...
Why in hell would you do THAT? It is an expense, just like any other. It isn't free money.
You really know WTF you're talking about.
siliconinvestor.com
Well, as it turns out. I find the concept that your are completely clueless as to why subscriber models and other companes provide a basis of presentation that excludes stock based compensation as suspect. In the past, you have claimed, and I do mean "claimed", to have some in depth knowledge of financial reporting procedures, and "managerial accounting". To date, I have never found even the slightest evidence to support this claim.
You continued on:
Maybe they can tell you why the present a metric like EBITDA loss while excluding stock based compensation?
I have no idea why any company would do it -- perhaps to fool nitwits like you into thinking financial performance is better than it is?
Again. Did you just fall off the Turnip Truck yesterday? Is this some kind of "major revelation" that companies report non GAAP metircs that exclude stock based compensation"??
Let me have "YOUR COMPANIES MANAGEMENT" explain it to you in their own words. And I will post the entire statement so that I will not be accussed of "carefully cutting the remark out of context"
(2) Adjusted operating loss is net loss before interest income, interest
expense, income taxes, depreciation and amortization, loss from
de-leveraging transactions, loss from impairment of investments,
equity in net loss of affiliate, minority interest, other income and
stock-based compensation. This non-GAAP measure should be used in
addition to, but not as a substitute for, the analysis provided in
the statement of operations. We believe Adjusted operating loss is a
useful measure of our operating performance and improves
comparability between periods. Adjusted operating loss is a
significant basis used by management to measure our success in
acquiring, retaining and servicing subscribers because we believe
this measure provides insight into our ability to grow revenues in a
cost-effective manner. We believe Adjusted operating loss is a
calculation used as a basis for investors, analysts and credit
rating agencies to evaluate and compare the periodic and future
operating performances and value of our company and similar
companies in our industry.
Because we have funded the build-out of our system through the
raising and expenditure of large amounts of capital, our results of
operations reflect significant charges for depreciation,
amortization and interest expense. We believe Adjusted operating
loss provides helpful information about the operating performance of
our business apart from the expenses associated with our physical
plant or capital structure. We believe it is appropriate to exclude
depreciation, amortization and interest expense due to the
variability of the timing of capital expenditures, estimated useful
lives and fluctuation in interest rates. We exclude income taxes due
to our tax losses and timing differences, so that certain periods
will reflect a tax benefit, while others an expense, neither of
which is reflective of our operating results. Because of the variety
of equity awards used by companies, the varying methodologies for
determining stock-based compensation expense and the subjective
assumptions involved in those determinations, we believe excluding
stock-based compensation expense enhances the ability of management
and investors to compare our core operating results with those of
similar companies in our industry.
Next time... GET A CLUE ON WHAT YOU ARE TALKING ABOUT BEFORE LETTING YOUR FLAP FLY. |
