Quote:
Originally Posted by Frequitude
This is a beautifully constructed piece of information.
However I see a different conclusion. The Calgary Olympics did make money. I equate making money with operating revenue. Basic rules for accounting does for the most part as well. Go check out any company's income statement. You won't find capital investments on there. You will find depreciation, which I guess is one thing technically missing from saying that '88 generated a $32M profit.
The '88 Olympics made a profit and spurred a $405M capital investment.
There is no debating that unless you want to get picky (e.g. depreciation). The only thing that should be up for debate is whether that $504M capital investment was a sound investment.
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Good old difference between cash flows and income