so basically, if it weren't for the GAAP rules mandating that AOL takes charges for its stock dropping like a rock (eg, amortizing its intangible assest as D&A), AOL would have posted a profit rather than the $1.8 Billion loss?
oh, i see now. i looked under the "intangibles" on AOL's income sheet at it gives a value of 167,898.0 million - is this the amount of non-cash "goodwill" that they have to write off over the next few years? is the difference between the market cap of AOL now and the market cap at the time of the merger?
wouldn't you prefer that a company has a net income? i mean, how does AOL get a net operating cash flow that is positive, when they are losing money (net income is negative)? it looks like AOL has a huge "Depreciation & Amortization" (what is this?) which makes their cash flow positive.