5 Comments
 

Forget about EBIT, it's all about EBITDA. Restructuring costs, impairment, amortization, depreciation, goodwill, gain/loss on disposal of PPE, stock-based compensation, amortization and impairment related to capitalized software. In general, you'll just have to check the financials for non-recurring, non-core stuff. Check the 8Ks for any non-GAAP metrics.

 

Also look at older amendments. I remember the first time I pulled data I got it perfect but got screamed at for using numbers that were no longer relevant. Rookie mistake XD

Get busy living
 
UFOinsider

Also look at older amendments. I remember the first time I pulled data I got it perfect but got screamed at for using numbers that were no longer relevant. Rookie mistake XD

yea, when pulling financials start with the most recent and work your way back in time, it saves you a lot of time having to do your work twice.
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Looks that most unusual/infrequent items have been discussed. I might add: foreign currency adjustments (bull shit, I know but they do it) and severance (which may be bulked into restructuring).

Each industry has their own nuisances, so read through a few press releases and jot down the big ones. Chances are 66% of the time it works every time.

I'm on the pursuit of happiness and I know everything that shine ain't always gonna be gold. I'll be fine once I get it
 

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