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GAAP And Non-GAAP for Facebook

Wow, I am actually impressed that Facebook was able to pull off such a staggering contrast between the GAAP and non-GAAP numbers. It’s actually impressive. It also shows why a focus on cash flow is essential.

By the magic of pure accounting gimmickry, one-off tom-foolery, non-GAAP shenanigans, and the sterling work of its now-retiring CFO; Facebook has ‘managed’ to produce twice as much non-GAAP net income as GAAP net income in the last 2 years…

via The Gap Betweeen GAAP And Non-GAAP In Two Charts | Zero Hedge.