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Friday, October 05, 2012 6:13:56 PM
In my view cfp means positive cash flow after operating revenues and costs directly incurred to gain those revenues. Usually that means a positive EBITDA (Earnings Before Interest Taxes Depreciation and Amortization). The rest is purely financial not related to operations.
In JBIs case this means EBT, and since they do not make money and pay no taxes, pretty much means the bottom line. There are some "unusual items" what ever that means... payouts to consultants? hmm..
The other thing is.. there is no way one would could become cfp just by playing games with stock. Double entry bookkeeping. Even if they did use stock, there would be a corresponding cash entry that would create the desired expense.
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