sales2099 said:
Seriously. While you assure me that Sony would post a loss is like expecting the sun to set at night, I actually thought things were turning around (I honestly thought < $500m loss). I was reading they increased profit projections. Must have been for FY2015. My bad. |
What seems to be confusing you, and others, is operating profit vs net profit. Sony has been making operating profits (positive cashflow) for quite a while now. But net profit has remained negative because of accounting write offs, depreciations, etc that are not the standard cash-in / cash out type of thing. You will see that for the financial year 2013 and 2014 the operating income (cash in minus operating expenses) and income before taxes are both positive and fairly healthy. But the net income attributable to shareholders is negative by a substantial amount because there are large non-operating costs that are being accounted for, a lot of which is the restructuring.
Last year was the final year where losses were projected due to all the crap that's been going on since the GFC. So the real test is this year where Sony is projecting substantial net profits, without selling large one off assets like buildings. We will see how that turns out. Their only negative income they are projecting for this year is mobile phones.
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