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

I'll just abbreviate that as Nl.

The taxes will be 153,000.

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?

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

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.

Before Interest and Taxes.

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.

It looks like we lost 200.

Yep, that's right.

Anything wrong, sir?

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

Company A made 1 per share. 1 of EPS.

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

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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?

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

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