Amortization (misspelled in graphic) and Depreciation is not a real outflow of funds. It's a book keeping number only, representing the gradual loss of value of assets. For example, a $20,000 car bought 5 years ago will result in a -$4,000 entry every year over 5 years, which stands for the value of the car tending towards 0 as it ages and is used up. It does not mean you are actually paying those $4,000 every year. So, with the above 'operating loss' being -90m, and A&D being -165m, the reality appears to be that they still had roughly 70m more at the end of June 2022 then they had 12 months earlier.
VtechX t1_ixj34ew wrote
Reply to Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea
Amortization (misspelled in graphic) and Depreciation is not a real outflow of funds. It's a book keeping number only, representing the gradual loss of value of assets. For example, a $20,000 car bought 5 years ago will result in a -$4,000 entry every year over 5 years, which stands for the value of the car tending towards 0 as it ages and is used up. It does not mean you are actually paying those $4,000 every year. So, with the above 'operating loss' being -90m, and A&D being -165m, the reality appears to be that they still had roughly 70m more at the end of June 2022 then they had 12 months earlier.