4 Comments

The chart says "D = C - interest", yet it appears you are adding interest (not subtracting)? Is that correct?

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author

You are correct. I should have worded that better. Since the interest expense category was improved (less expense) we were adding the improvement.

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Ok I understand now - thanks! Great article. Will have to digest and possibly re-read this again later.

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author

You're welcome. Great observation. I'd say this is one of our more difficult articles because it really goes into the accounting and WPC already has a bit more complex accounting because of the multiple segments.

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