For the college student:
Earnings Before Interest, Tuition, Drugs, and Alcohol
John's EBITDA for the year was negative $15,000 because he could not find summer employment, his parents stopped paying his tuition, he got addicted to drugs, and his binge drinking continued
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1. Earnings before Interest, taxes, depreciation and amortization.
2. Earnings Before I Trick the Damn Auditor
What is your EBITDA this year?
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In finance, "earnings before interest, taxes, depreciation and amortization," sometimes "EBIT-DA." In accounting, a way-station in the slow morph from "conceptual" to "pure cash flow" reporting. Compare "EBAWDWTCAE"--"earnings before anything we don't want to count as expenses."
The net is negative but the EBITDA is sensational.
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