today's weird financials nuance: GameStop posted a loss of $111m this quarter, which looks better than Q2 2019's loss of $415m. Except that $415m was mostly impairment charges, and its adjusted net loss then was $32 and adjusted net loss this quarter was $91m.https://twitter.com/GIBiz/status/1303800484357177344 …
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W odpowiedzi do @duckvalentine
What's an impairment charge? And how does a business lose hundreds of millions of dollars every quarter and still function?
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W odpowiedzi do @whatcouldbeingb
An impairment charge is basically when a company owns an asset and the value of that asset drops significantly. This can take on a lot of different forms and companies are rarely transparent about the specifics.
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W odpowiedzi do @duckvalentine @whatcouldbeingb
The example I was taught on was like, if GameStop has ten thousand amiibos in a warehouse somewhere, and suddenly something happens where amiibos are no longer worth as much as they originally thought they'd be, they might write that in as an impairment charge.
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W odpowiedzi do @duckvalentine @whatcouldbeingb
The rest is a question better left to a more financial person than I but I believe a lot of it is a combination of having tons of resources stored away as well as having shareholders actively investing in it. There's a lot more nuance but that seems to be the main bit.
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But, they can't do it forever.
Wydaje się, że ładowanie zajmuje dużo czasu.
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