Have you seen the latest figures, children?

We're going to take a write down.

That's day 0.

It's called the Extractive Industries Transparency Initiative.

This is unreported income gained from an illegal venture.

Profitable.

Invest financial assistance, but also management assistance.

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

Now Coke has a very clear bottom line they report to a set of shareholders, they have to turn a profit.

It is from advertising that a newspaper earns most of its profits.

And they were male and female 18 30 and they were casual fans.

So a plus b have to be equal to 50.

I found six other instances of revenues being underreported.

So let's look at them over the course of one year.

So notice.

Let's compare EBlT to operating profit.

It's time to monetise the thing.

Maybe Abby made 50 and Ben earned 0.

And we can eyeball it right here.

Because when someone says earnings, are those the earnings last year?

In your opinion, is Bauer's intelligence actionable?

And how they were going to create demand was through search ads, social media, stadium promotions.

The reason why you are willing to pay a higher Price to

And what's left over for the equity?

So let me switch colors just to ease the monotony.

What does that tell us?

At the end of the month we count your clicks

This is Earnings Per Share, not total earnings.

It's just 10 because one, this is a nice round number.

It's the same plot.

When? I said it's time to monetise the site.

I say it's time to start making money from The Facebook, but Mark doesn't want advertising.

The briefing.

The earnings I just said, this is actually what happened to the company.

The first thing you have to figure out is what's the revenue stream

And so I'm left with net income of 350,000.

Everything on this line would be a valid combination of

So now we add an interesting line.

And here we'll literally just take whatever is reported from the income statement.

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

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

Collect system information

Go on, Safranek.

Report to, uh

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