Sony's FY2012 Earnings: $458m Profit (FY); 3.4m PS3+PS2 (Q4); 1.3m PSV+PSP (Q4)

[sales2099]

kowenicki said:

sales2099 said:

kowenicki said:

ethomaz said:

kowenicki said:

One more time....

The money in from the building sales adds a PROFIT in the accounts.  Any money then, or previously, used to buy Gaikai does not then reduce the profts, its an exchange of one asset for another (cash for a company)

If the building werent sold there would be a $1bn loss, the buying of Gaikai is irrelevant from a profit perspective.

I don't know how that work but Sony itself said part of the money of the selling assets are used to pay the aquisition of the Gakai... just that.

I don't know how that was posted in the financial results.

You do, becasue I have just told you.

It is a profit gain.  Money spent on gaikai or any other asset does not reduce profit.

Please clarify for me, wouldnt gaikai and any other losses cancel out the profit, hence the reduced net profit of 500m?

Or are you referring to gross profit, not net?

Gaikai isnt a loss, it is a purchase not a business expense.

Result is that cash assets drop and other assets rise.  It has zero bearing on Profit and Loss.

Ah, so the buildings cancelled out other, undisclosed, corporate losses for the year. Thanks.