Minus 500,000.

Ten percent of all future profits from his solo venture.

His business returned a good profit.

He derived a lot of profit from the enterprise.

That's what it is generating.

This is really important to pay attention to, because so many people say, oh, a company made this much.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

We're better off without the TPP

And this is the profit from the operations of the company, or you could say from the assets or from the business or from the enterprise of the company.

This was interest. This was non op income.

And then I was left with 1 million.

And let's say, assume if I inherited this million dollars, I didn't finance it.

And these metrics will tell you that.

I believe it's very important to look at how our society ought to be.

And then, how much am I making from the business now?

They have no interest expense, because that's not the point of this video.

But go to war to defend the interests of the USA,

So now look at the different lens.

Our interests clash with theirs.

And now we're ready to figure out how much money did the operations of this business make?

And the reason why there's a different term is, sometimes you can have the non operating profit.

And then I'll do a more philosophical video on why these things even exist, and why they're useful, and why people may benefit or may not benefit from these things.

Let me write that.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

They've been good performers in profits and dividends.

Why isn't it on every poster across the third world?

And we had no expenses in that month.

So in any of these periods, the depreciation expense should be added back to the operating profit, to figure out the cash from operations.

And I won't go into all of the details of an income statement, but any income statement you look at will have this operating profit line.

Before Interest and Taxes.

Heavy industry always benefits from war.

Let's say this is what we assume is how many cupcakes we sell.

So EBlT, I kind of view that it goes backwards.

Thus The Pirate Bay isn't idealistic.

And then they'll say well in the most naive interpretation of things, you net income in theory should be the cash you're getting or at least it's some type of profit you're getting assets in the door or at least you're counting as if you're getting some assets in the door.

And so their operating profit, the amount of pre tax income, but you know, we're not considering financing either, so this is their operating profit or their EBlT.

They're generating the operating profit, and that's a very important thing to realize in the future when we talk about return on assets.

But here you see it means very, very different things.

And I think that the companies, organizations that are flourishing, whether they're profit, for profit, or somewhere in between, are animated by this purpose.

They buy more of your service and they tell more of their friends, which leads to more profit.

Even parts of sentences could be protected and made restricted by copyright.

Our profit, once again, is 30,000.

My head I think implicitly made the numbers work out nicely.

We care how we make our profit.