Quote:
Originally Posted by AmeliaG
I think a lot of companies could gross $314.4 mill, if they racked up $602.9 million of debt. Their financials are painfully bad. Look at their balance sheets and you'll note that $472.1 million of that debt is in the last year. No offense, but anyone who is impressed by that performance needs to repeat 2nd grade math.
|
I only used them because they are about the only public porn company I know of. So you have published numbers.
To be fair to them I think most of their debt is to the old owners of the company for the purchase. According to CBS they were making $115 million in payments every year for that debt alone. They paid $500 million to purchase the company.
http://www.cbsnews.com/8301-505123_1...tag=bnetdomain
Interesting comments btw on the 2011 CBS article at the end about advertising revenue.