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

Yep, that's right.

Company A made 1 per share. 1 of EPS.

Before Interest and Taxes.

So then you're having, you have your net income, your net income during the period.

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

Net profit for the period is estimated at 5 billion yen, largely unchanged from the previous one.

I'll just abbreviate that as Nl.

The taxes will be 153,000.

Remainder

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

This is 350,000 of net income.

This guy makes what is this?

And, of course, as I mentioned, this cost has corresponding benefits.

It describes it right over here the change in equity, sometime the change in retained earnings, or just change in equity, that is going to be the 200 in net income that the company got over that time period.

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

Net profit comes to 10 million dollars every year.

This guy makes 21,000.

And a significant minority of those 500 million people

Money lenders are enjoying a profitable period.

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.

Are the profits exclusive of taxes?

Afterwards, we have about a dozen or so binary rules.

So that's what I'm paying for, arguably.

Our profit here, if we just take the number that we have here,

So this is a source of cash, so now the cash from operations 200 net income 400 100

Either stolen or war surplus.

He's not my boyfriend, it's just platonic love with benefits!

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?

Energy is all around us, but we don't mean the current coming from the socket in your wall.

They decide what to do.

This can is from a surplus disposal run.

The loan bears an 8 interest.

Remember, this is the annual interest rate but this is an overnight loan.

Because during conflict economic policy typically deteriorates.

So most cash flow statements, they'll start so I'm going to do a cash flow statement right over here

Cannot calculate the remainder on 0.

That is the resource that I'm talking about.

Before I go into price to earnings and all that, I want to connect the dots between the income statement and the balance sheet.

Let me draw this yield curve right over here, so this is maturity on the horizontal axis, and this is yield, and I'm gonna draw the yield curve for treasuries.

I think that has been a big savior, even now.

Following a joint statement by Vivendi and electricity giant VFM..

Minus 500,000.

Then Bob selects his private random number, say 13, and calculates