Good post for now and thanks for the effort, but can you explain why you add the stock based compensation instead of deducting it? I mean that is money we are missing through dilution. I mean, if the company simply paid salary instead of this, it would also lower our FCF.
•
11
•
@Investor_in_Jogginghose paid very close attention.
This is the case according to GAAP. Stock-based compensation is already deducted from EBITDA, but since it is not cash-effective, it is added back in the operating cash flow. That's why I also have to add them in this case.
This seems strange at first, but it is correct. The dilution can only be recognized by the number of outstanding shares.
This is the case according to GAAP. Stock-based compensation is already deducted from EBITDA, but since it is not cash-effective, it is added back in the operating cash flow. That's why I also have to add them in this case.
This seems strange at first, but it is correct. The dilution can only be recognized by the number of outstanding shares.
•
11
•