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To: JakeStraw who wrote (10160)5/15/2002 4:16:02 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 10934
 
re: The next time my boss asks me.......

The next time I buy a house, I'm going to give the mortgage company my Pro Forma credit history. It will include all the loans I pay on time, and exclude as "special, one-time events", all the loans I defaulted on. I'm also going to tell them my Pro Forma income, which is the sum of my salary, (before adjustments for taxes and a few other things), and my capital gains (before adjustments for failed investments).



To: JakeStraw who wrote (10160)5/15/2002 6:48:34 PM
From: hueyone  Respond to of 10934
 
Seriously though, I do think companies should be required to report GAAP even if they also decide to release pro forma numbers

I believe GAAP still allows companies to pretend that handing out stock options for employee compensation is not an expense. An improvement over GAAP or Pro Forma is S&P's new CORE EARNINGS number:

spglobal.com

Best, Huey


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