Originally Posted by startekee
What do you mean when it's all said and done? With the Non Gaap version they excluded their final payment to GF, with the GAAP they included that payment. A write off, or large payment of debt does not say as a whole how your company is doing. As an investor if you see that a company made a loss because of a one time fixed payment then that is good news. It would be like saying Microsoft was doing bad when they wrote off 900m for the surface.
We are saying the same thing. I work with a fortune 500 company with SOX reporting for 20 years. We are taught to ignore non-gaap ="CEO speak to confuse investors". non gaap means they can befuddle you with all types of adds and subtractions that might not tell you if they were profitable or not. They all do it. After several scandals with Corporate reporting years ago, large companies in the US are required to report GAAP results which AMD did here.
GAAP is the straight truth with no bs, it's the bottom line of profit and loss for the period. That's all I was saying. Looks like you were saying the same.
Definition of 'Generally Accepted Accounting Principles - GAAP' The common set of accounting principles, standards and procedures that companies use to compile their financial statements.