Depreciation Nerds: Need help
Hi guys,
i'm looking at a company with a very asset-heavy business model that should depreciate a lot. They include D&A in their financial statements under OpEx, with no further breakdown (just line item OpEx, not even the amount of D&A). In their cash flow statement, however, they have a D&A expense figure which is way lower than it should be (think 1k instead of 1m).
Now I realize that they view their D&A as OpEx, but shouldn't they have to add it back in their CF calculation? If the CF statement doesn't give me the right answer, is there any way I can deduce D&A? Have Gross PP&E but don't think it would work since i do not have CapEx or Net PPE. What is this weird depreciation expense that's way too low?
Any advice greatly appreciated!
Chad
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