BIG Number Crunching

Hi All,

Been a holder for a while, but haven't participated much on the forums.
I wanted to reach out to anyone crunching the numbers on BIG and running models.
I've spent some time over the morning updating some financial models i've been keeping and trying to pin down relationships between various sections of the financial statements. For example:

- Conversion of Cash into Revenue & deferred revenue
- Conversion of Cash statement expenses to P&L expenses
- Revenue growth vs expense growth (P&L)
- Cash collections growth vs cash outflow growth (Cashflow statement)
- etc etc

I've got to say, i'm finding it extraordinarily difficult given:

a) The freakish rate of overall growth
b) The rate of change of the business mix (what % of cash / revenue comes from Aus model v's US model vs Pillar 2)
c) There are really only 2 sets of full year Financial statements from which to draw conclusions.

Anyways, if anyone is running models, please reach out as i'd love to chat, share, and enhance our collective knowledge.
I've attached a snippet of the P&L and cashflow models. Assumptions are in Blue, and drive other parts of the model.
At this stage, i'm assuming that of the deferred revenue on the balance sheet, 50% will be converted to revenue in the following half. Of the cash collected in any half year period, i've used an assumption about the portion that will be converted to revenue based on historical info. (Historically 65% of cash inflows have been recorded as revenue on the FY P&L).

Of course, i'll be updating after the HY financial come in - hopefully things start to make more sense after that!

Please don't take any opinion, forecast, assumption or anything else as advice of any sort.
These models are purely for my own interest, and to solicit feedback / collaboration from likeminded posters.

Thinking BIG.

Musky.