When I look at the Income Statement, the interest expense line includes non-cash (rolled interest) and cash interest. Is that a correct ?
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yes man... it's a non-cash interest expense, but none-the-less interest... it's reconciled through the cashflow statement and PIK is removed...
can't you google this sh*t? you're killing me with your "rolled interest" expense... you sound like a doofus using that term... it's god damn PIK interest or accrued interest, no1 refers to it as rolled interest...
PIK up a 10k from an 2007/08 LBO'd company and you'll learn everything you need to know about PIKs... stop being sloppy...
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