Also, there likely will be liabilities, but we are looking for assets to outweigh it creating equity.
Remember the accounting equation? assets + liabilities = stockholders' equity
So as a stockholder to figure equity compute assets – liabilities = stockholders' equity
I expect this year end (2012) to beat their 2011 numbers. Some of the deals might not reflect their report until the 1st or 2nd quarter of 2013, so keep that in mind.