In order to give a better representation of its underlying economic performance, the group has decided to present and explain an adjusted consolidated income statement for 2006 and the fourth quarter of 2006, and to compare them with an adjusted consolidated income statement for 2005 and the fourth quarter of 2005 respectively.<\/p><\/blockquote>\n
Which is a bit like saying, “Excluding sectarian violence, our nation-building mission in Iraq is doing well.”<\/p>\n","protected":false},"excerpt":{"rendered":"
I read a lot of financial earnings statements at my job. I learned early on that “pro forma” and “adjusted” numbers, intended to give a true reflection of a company’s performance, are usually crap, and that when a company takes a different “extraordinary charge” each quarter, then they’re not so extraordinary, and the company is … <\/p>\n
Continue reading “Bizspeak”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27,12],"tags":[],"class_list":["post-1343","post","type-post","status-publish","format-standard","hentry","category-big-business","category-pharmaceuticals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/s4C7K-bizspeak","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":1537,"url":"http:\/\/chimeraobscura.com\/vm\/brand-unawareness-part-2","url_meta":{"origin":1343,"position":0},"title":"Brand Unawareness, Part 2","author":"Gil","date":"June 5, 2007","format":false,"excerpt":"\"Gentlemen, our target market is. . . young people who don't bother paying their bills!\" Apparently, those free-spending youths don't care much for paying their cell-phone bills. A court motion filed on June 4 explains that Amp'd \"experienced an unprecedented growth of subscribers\" between November, 2006, and February after running\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1412,"url":"http:\/\/chimeraobscura.com\/vm\/trip","url_meta":{"origin":1343,"position":1},"title":"Trip","author":"Gil","date":"March 27, 2007","format":false,"excerpt":"If you haven't read the comics of Jim Woodring, your consciousness has probably not been adjusted into a position that will enable you to appreciate the spring tour of Pupshaw & Pupshaw. Please read The Frank Book or visit an oneiropractor as soon as possible.","rel":"","context":"In "Comic books & strips"","block_context":{"text":"Comic books & strips","link":"http:\/\/chimeraobscura.com\/vm\/category\/literature\/comics"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=virtualmemories-20&l=as2&o=1&a=1560975342","width":350,"height":200},"classes":[]},{"id":1696,"url":"http:\/\/chimeraobscura.com\/vm\/more-cold-war-relics","url_meta":{"origin":1343,"position":2},"title":"More cold war relics","author":"Gil","date":"October 15, 2007","format":false,"excerpt":"In keeping with the previous post on Norman Mailer's gnostic wackiness, I should probably also relegate Ben Stein to \"relic of the cold war\" status, but he seems to have adjusted pretty well to the modern age, and offers some pretty good life & investment advice in his most recent\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":627,"url":"http:\/\/chimeraobscura.com\/vm\/cuban-sanction","url_meta":{"origin":1343,"position":3},"title":"Cuban Sanction","author":"Gil","date":"August 17, 2005","format":false,"excerpt":"Tom Spurgeon and I will post another NBA Preview this October, but the league has been going through upheval thanks to a weird, one-time clause in the new collective bargaining agreement, allowing teams to cut one player (they still have to pay him) to remove his salary from their luxury\u2026","rel":"","context":"In "basketball"","block_context":{"text":"basketball","link":"http:\/\/chimeraobscura.com\/vm\/category\/sports\/basketball"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":650,"url":"http:\/\/chimeraobscura.com\/vm\/hell-or-high-water-my-ass","url_meta":{"origin":1343,"position":4},"title":"Hell or high water, my ass","author":"Gil","date":"September 15, 2005","format":false,"excerpt":"The President just delivered his address about the rebuilding of New Orleans and the gulf coast communities blow'd up by Katrina. He spoke from Jackson Square, which is about 400 feet away from where the official VM fiancee and I plan to get hitched next March.Yeah, I'm using the present\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5278,"url":"http:\/\/chimeraobscura.com\/vm\/what-it-is-51010","url_meta":{"origin":1343,"position":5},"title":"What It Is: 5\/10\/10","author":"Gil","date":"May 10, 2010","format":false,"excerpt":"What I'm reading: Wilson, by Dan Clowes, and Baby, I Don't Care, that Mitchum bio. What I'm listening to: It's Not Me, It's You, by Lily Allen. What I'm watching: You Kill Me, a little indie flick with Ben Kingsley, Tea Leoni, and Luke Wilson. What I'm drinking: The greatest\u2026","rel":"","context":"In "Adventures in Rufus and\/or Otis"","block_context":{"text":"Adventures in Rufus and\/or Otis","link":"http:\/\/chimeraobscura.com\/vm\/category\/adventures-in-rufus-and-or-otis"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=virtualmemories-20&l=as2&o=1&a=1770460071","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/comments?post=1343"}],"version-history":[{"count":0,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1343\/revisions"}],"wp:attachment":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/media?parent=1343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/categories?post=1343"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/tags?post=1343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}