PSN still makes more money than the entirety of Nintendo Co., Ltd.

[Insidb]

Cerebralbore101 said:

The issue that I have with this thread is that the sources are not PNL/Balance sheets, so it's easy to move money around, or not take certain liabilities into account.

PSN has an income but almost no operating expenses since the other parts of Sony handle that. So it's easy to just say that PSN makes more money than the entirety of Nintendo, so long as you forget to count actual overall company expenses.

Then there's the fact that Sony doesn't just do games, and Nintendo pretty much just does games. Sony may have a higher net income, but how much of that is gaming related? Did they finally turn their non-gaming divisions around?

People are only looking at income statements, and not things like net income, assets, liabilities, operating expenses,.

Nintendo is worth somewhere around 10 billion dollars, and Sony is only worth somewhere around 22 million. Or at least that's according to last year's PNL/Balance sheets.

http://www.nasdaq.com/symbol/sne/financials?query=balance-sheet

http://financials.morningstar.com/balance-sheet/bs.html?t=NTDOY (This is in millions of JPY, but you get the picture)

But at any rate, I'm glad that both companies are healthy. I almost exclusively play on Sony and Nintendo platforms these days. Without them the most exciting games of this year wouldn't exist. 

Honestly, people don't really care too much about CFAs, unless there's true novelties therein. I think you were intially referring to revenue and not net income, which is what most non-investors do. In your case, I think it was just a typo, though. You're spot on with operating income, because debt can be serviced in a myriad of ways, and a proftable company will almost always be able to service its debt load.