OT: Arby's closes more locations

[sikeston bulldog2]

Yea great masterbate. I mean debate. The real question here is, how does McDonald’s reel them in , a trillion at a time.

[Cranny]

Operating costs do not equal profit. That's ridiculous. A while back I posted an article from Forbes that showed the Cards profit of around 350 million dollars. That profit, not operating expenses. With a payroll at the time that was about 175 million. Deduct the operating costs from the profit and still it looks pretty good. Now they've cut payroll to the bone. Will people come out to watch these guys? I won't. That being said, unless you have a 401k, this economy is killing you. Everything has gone up and continues to go up. I'd expect attendance to be down no matter what.

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

[OldRed]

Operating costs do not equal profit. That's ridiculous. A while back I posted an article from Forbes that showed the Cards profit of around 350 million dollars. That profit, not operating expenses. With a payroll at the time that was about 175 million. Deduct the operating costs from the profit and still it looks pretty good. Now they've cut payroll to the bone. Will people come out to watch these guys? I won't. That being said, unless you have a 401k, this economy is killing you. Everything has gone up and continues to go up. I'd expect attendance to be down no matter what.

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

So, the Cardinals don't make money and they are broke?

[Goldfan]

Operating costs do not equal profit. That's ridiculous. A while back I posted an article from Forbes that showed the Cards profit of around 350 million dollars. That profit, not operating expenses. With a payroll at the time that was about 175 million. Deduct the operating costs from the profit and still it looks pretty good. Now they've cut payroll to the bone. Will people come out to watch these guys? I won't. That being said, unless you have a 401k, this economy is killing you. Everything has gone up and continues to go up. I'd expect attendance to be down no matter what.

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

Well sure just like all the other teams…..Boston has a 120mil operating income #. The Yanks, Mets and Dodgers could also have much higher #’s….IF THEY WEREN’T PAYING SALARIES…..isn’t that the point of all this??

[Goldfan]

Operating costs do not equal profit. That's ridiculous. A while back I posted an article from Forbes that showed the Cards profit of around 350 million dollars. That profit, not operating expenses. With a payroll at the time that was about 175 million. Deduct the operating costs from the profit and still it looks pretty good. Now they've cut payroll to the bone. Will people come out to watch these guys? I won't. That being said, unless you have a 401k, this economy is killing you. Everything has gone up and continues to go up. I'd expect attendance to be down no matter what.

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

So, the Cardinals don't make money and they are broke?

If attendance keeps dropping…..and we all know what needs to be done to restore it back to where it was for decades….

[Cranny]

Can't read the last poster's post, because he's on ignore, but I hope it's not about accounting because he's admitted in the past that it's not in his experience and thus not one of his strong suits.

[Cranny]

Operating costs do not equal profit. That's ridiculous. A while back I posted an article from Forbes that showed the Cards profit of around 350 million dollars. That profit, not operating expenses. With a payroll at the time that was about 175 million. Deduct the operating costs from the profit and still it looks pretty good. Now they've cut payroll to the bone. Will people come out to watch these guys? I won't. That being said, unless you have a 401k, this economy is killing you. Everything has gone up and continues to go up. I'd expect attendance to be down no matter what.

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

So, the Cardinals don't make money and they are broke?

If attendance keeps dropping…..and we all know what needs to be done to restore it back to where it was for decades….

Great idea, Goldfan. And just how do you do that?

[Cranny]

Operating costs do not equal profit. That's ridiculous. A while back I posted an article from Forbes that showed the Cards profit of around 350 million dollars. That profit, not operating expenses. With a payroll at the time that was about 175 million. Deduct the operating costs from the profit and still it looks pretty good. Now they've cut payroll to the bone. Will people come out to watch these guys? I won't. That being said, unless you have a 401k, this economy is killing you. Everything has gone up and continues to go up. I'd expect attendance to be down no matter what.

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

Well sure just like all the other teams…..Boston has a 120mil operating income #. The Yanks, Mets and Dodgers could also have much higher #’s….IF THEY WEREN’T PAYING SALARIES…..isn’t that the point of all this??

No, the point of it is how much a team can afford to increase it's payroll.

[Goldfan]

Operating costs do not equal profit. That's ridiculous. A while back I posted an article from Forbes that showed the Cards profit of around 350 million dollars. That profit, not operating expenses. With a payroll at the time that was about 175 million. Deduct the operating costs from the profit and still it looks pretty good. Now they've cut payroll to the bone. Will people come out to watch these guys? I won't. That being said, unless you have a 401k, this economy is killing you. Everything has gone up and continues to go up. I'd expect attendance to be down no matter what.

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

So, the Cardinals don't make money and they are broke?

If attendance keeps dropping…..and we all know what needs to be done to restore it back to where it was for decades….

Great idea, Goldfan. And just how do you do that?

Game Day(Tics, Beer,…) is by far the largest revenue source>>>>Fans aren’t coming back til BDW puts some stars back on the field and win>>>>
Spend money to make money

[OldRed]

Can't read the last poster's post, because he's on ignore, but I hope it's not about accounting because he's admitted in the past that it's not in his experience and thus not one of his strong suits.

If you can't read their comment, why comment? I haven't posted one derogatory comment on this subject.

[Cranny]

It's operating income. Operating income is, roughly, profits.

The Cardinals' operating revenue is about $350 million.

As I said.

You said, "...showed the Cards profit of around 350 million dollars." There is no "profit" of $350 million.

Operating income/profit = revenue - expenses

The Forbes data shows the Cardinals average operating income/profit over a decade at $27 million per year.

There is no such thing as "operating income/profit". If you want to know what money is available for salary increases you need to deduct interest, principal, and money to cover members tax liabilities from operating income.

“On Forbes' sports franchise lists, Operating Income means Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), representing a team's core profit before these non-cash expenses and financing costs, calculated after stadium debt service and revenue sharing, but including stadium-related revenues like concerts. “

Again, from an accounting standpoint, operating income and EBITDA are different. Operating income is after deducting depreciation and amortization, and before deducting interest and taxes. I'm not "defending the Cardinals", I'm just looking at it from an accounting standpoint. What is the total debt service, including principal and interest? The members of the LLC also share in the profits (and losses), pro rata. If the members have a tax liability, the LLC generally pays that. Take
principal, interest, and paying the member's tax liability away from operating profit and you have a clearer picture.

Cranny, if I’m reading this correctly…..Forbes Operating Income is Calculated AFTER STADIUM DEBT SERVICE AND REVENUE SHARING.

If they want to make up their own definitions, fine. But when you do comparisons, look at the numbers for big market teams. Their "operating income" is after covering those big salaries already in place. With much higher revenues.

So, the Cardinals don't make money and they are broke?

If attendance keeps dropping…..and we all know what needs to be done to restore it back to where it was for decades….

Great idea, Goldfan. And just how do you do that?

Game Day(Tics, Beer,…) is by far the largest revenue source>>>>Fans aren’t coming back til BDW puts some stars back on the field and win>>>>
Spend money to make money

Whose money are you going to spend? Maybe there are members of the LLC who don't want to kick in more.

[OldRed]

I wonder how many of these the DeWitt family own and how it affects the way they do business?

Original post on the subject of Arby's.

[WLTFE]

Can't read the last poster's post, because he's on ignore, but I hope it's not about accounting because he's admitted in the past that it's not in his experience and thus not one of his strong suits.

If you can't read their comment, why comment? I haven't posted one derogatory comment on this subject.

JFC!..still responding to post that they claim that can't read...Methinks someone has trouble understanding what ignore means.. very sad and pathetic to watch...

[sikeston bulldog2]

Can't read the last poster's post, because he's on ignore, but I hope it's not about accounting because he's admitted in the past that it's not in his experience and thus not one of his strong suits.

If you can't read their comment, why comment? I haven't posted one derogatory comment on this subject.

JFC!..still responding to post that they claim that can't read...Methinks someone has trouble understanding what ignore means.. very sad and pathetic to watch...

Yeah! Here comes the Rooster. HE ain’t never gonna die.! Yeah!!!

[WLTFE]

Can't read the last poster's post, because he's on ignore, but I hope it's not about accounting because he's admitted in the past that it's not in his experience and thus not one of his strong suits.

If you can't read their comment, why comment? I haven't posted one derogatory comment on this subject.

JFC!..still responding to post that they claim that can't read...Methinks someone has trouble understanding what ignore means.. very sad and pathetic to watch...

Yeah! Here comes the Rooster. HE ain’t never gonna die.! Yeah!!!

I just get frustrated when a person blatantly lies...I assume they are lying about other things as well..of course, fortunately, they are harmless...

[Goldfan]

Can't read the last poster's post, because he's on ignore, but I hope it's not about accounting because he's admitted in the past that it's not in his experience and thus not one of his strong suits.

If you can't read their comment, why comment? I haven't posted one derogatory comment on this subject.

JFC!..still responding to post that they claim that can't read...Methinks someone has trouble understanding what ignore means.. very sad and pathetic to watch...

Yeah! Here comes the Rooster. HE ain’t never gonna die.! Yeah!!!

And bless the late great Layne Staley