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No they don't. You misunderstood what acquisition-related costs means. Acquisition related costs are costs related to acquiring another company, not acquiring a
by pitdesi 14y ago
No they don't. You misunderstood what acquisition-related costs means. Acquisition related costs are costs related to acquiring another company, not acquiring a customer. It is completely standard practice to treat one-time costs like that differently.
- marcusf 14y agoOk, sorry, I misunderstood. I had lingering memories of the critiques against groupons earlier non-GAAP measures [1][2][3][4][5][6] but the non-GAAP net income mostly seems to exclude stock, acquistion costs are pretty low and very clearly separated from marketing and customer acquisitions. Again, my bad. [1] http://online.wsj.com/article/SB10001424053111903635604576472531846174782.html http://online.wsj.com/article/SB1000142405311190363560457647... [2] http://www3.cfo.com/article/2012/2/banking-capital-markets_groupon-earnings-net-loss-accounting http://www3.cfo.com/article/2012/2/banking-capital-markets_g... [3] http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/530 http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/530 [4] http://www.scalefinance.com/accounting-finance-and-groupons-ipo-mess/ http://www.scalefinance.com/accounting-finance-and-groupons-... [5] http://blog.agrawals.org/2011/09/24/groupons-cost-of-revenue-is-soaring/ http://blog.agrawals.org/2011/09/24/groupons-cost-of-revenue... [6] http://takingpitches.com/2011/06/04/groupon-s1-ipo-marketing-spend-subscriber-acquisition-cost-or-priming-the-pump/ http://takingpitches.com/2011/06/04/groupon-s1-ipo-marketing...