This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...

Operating expenses are essential for day-to-day business functions, like customer service. Capex refers to long-term investment costs, contrasting with yearly-deducted operating costs. Evaluating a ...

If you have spent any time reading earnings reports or listening to investor conference calls, you have almost certainly come across two terms that sound similar but mean different things. EBITDA and ...

* Revenues include non-operating revenues that support operating expenses. ** Excludes depreciation and non-operating expenses. *** Includes activities and areas that do not receive any state support.