Share
180 Posts.
lightbulb Created with Sketch. 26
clock Created with Sketch.
23/09/19
12:44
Share
Originally posted by Andredamus1:
↑
Even at the most basic level, what you have stated is incorrect. In FY19 Afterpay's net cash flow from operating activities was: 1H19 -$157.8m, 2H19 +$15.5m, total FY19 -$142.2m (clearly this is not -$150m per half). This doesn't even include the more meaningful analysis around the fact that this negative operating cash flow includes the funding of a $214m increase in the receivables book across the FY. To understand that this -$142.2m does not constitute "cash burn" requires a deeper understanding of the Afterpay business model and the interplay between the operating cash flow statement and the balance sheet.
Expand
Adredamus1, congratulations, (your) commentary is, concise, precise, comprehensive and as far as I can reason correct. You should be writing for the AFR.