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SEC Flags Benchmark That Obscured WeWork’s Bottom Line

PYMNTS

The We Company , the parent of WeWork , uses a cash-flow metric called the “contribution margin,” which showed that its core services were profitable, Bloomberg Tax reported on Tuesday (Dec. The company used generally accepted accounting principles (GAAP) to essentially turn a $1.9 billion net loss into a $142 million profit.

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Uber Expects Revenue Plunge As It Retracts 2020 Guidance 

PYMNTS

billion impairment charge and $17-22 million in first-quarter losses. It is also anticipating a GAAP revenue drop of $17-$22 million in the first quarter and $60-$80 million in the second quarter. billion impairment charge — a writeoff for worthless goodwill — against the carrying value of its minority equity investments.

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Square Cash Tests Small-Dollar, Short-Term Loans

PYMNTS

This is the latest feature Square has added to Cash App’s features beyond peer-to-peer money transfer, joining its free debit card, rewards and investing offerings. Cash App, which competes head-to-head with PayPal’s Venmo, was the key factor that drove Square’s profitability in Q2. Last week, Square reported $1.92

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The RealReal Tops $1B In GMV In 2019

PYMNTS

reported a contribution profit per order of $19.72 She said the company also “made significant progress on our path to profitability, as our adjusted EBITDA margin improved by 540 basis points year on year, while making significant investments that position us to capitalize on the massive opportunity in front of us.”.

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Highest Paid CFOs in the World in 2024

The Finance Weekly

In a nutshell, companies are starting to view CFOs as smart investments rather than just expenses. The CFO's job is to decipher various departmental forecasts to create profit projections for the CEO and shareholders. It's like looking at the gain or loss you make from an investment compared to what you spent.

CFO 97
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How to create & use pro forma statements

Cube Software

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results.

GAAP 40
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Sally Beauty Holdings Sees Q3 Net Sales Drop 28 Pct YOY

PYMNTS

The Texas-based beauty supplier reported on Thursday (July 30) that its losses were partially offset by a surge in online sales and the opening of its shops from mid-April through the end of June. GAAP diluted earnings per share in Q3 fell by $0.21, compared to a profit of $0.59 Sally Beauty Holdings Inc. in the prior year. “We

Sales 56