Benefits are in effect.

I'll just abbreviate that as Nl.

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.

And when people talk about earnings of a company, this is what they're talking about.

Minus 500,000.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

I'm not a charity commissioner.

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

Kill the goose that lays the golden eggs.

And that's what these brands did.

Go ahead, eat.

5 10 amp gt amp gt Narrator

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

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

Our interests clash with theirs.

It's good for everybody.

That is a human tragedy.

Now to do the Machiavellian stuff, to manipulate the world, which is very important, we need to be able to use, interact with the world and use it for our benefit.

Science comes first, but business comes a close fucking second.

We're better off without the TPP

There is no doubt about what they have done.

We know how much it takes to build our product.

War does have its benefits...

You'll get your cut.

With far too few of your sinister plots actually turning a profit.

The taxes will be 153,000.

A benefit to both our worlds.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

The people would become the defenders of that forest.

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.

FDlC insured.

And that's my dad found that.

The rewards would be... enormous.

And you'll hear these numbers, gross and operating profit and net profit and pretax profit, and it's very hard to understand that these are actually very, very different things, because they all have the word profit, and what does gross and operating and all that mean?

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

The assets are generating this.

To go to war, to free people from an outside aggressor, is noble

Look at the people in these photos I've been showing you.

Before Interest and Taxes.

Utilities are still rewarded when their customers waste energy.

The reason this is happening boils down, in my mind, to one basic problem, which is our inability to perceive the difference between public benefits and private profits.

This is 350,000 of net income.

This was interest. This was non op income.