Don't stress too much; there are very few companies with financial statements as complex as this one. It took me some time to figure it out .... and I still don't think I fully understand all of the nuances of the accounting for certain revenues and expenses for this company!
(And I think that says something about how much conviction one can ever have in investing in this company... it's always a bit of a "Trust-Us,-We-Won't-Blow-Up" exercise.)
Why I’ve changed my mind on CGF, and some thoughts on sell discipline, page-38
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