WTF Is EBITDA?

by Steven Saltman

Overview

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Tim Mortonization. Or it doesn't. But that's neither here nor there. Actually it's here. Yes, right here in WTF Is EBITDA?

If you've had a hankering for some finance knowledge but couldn't bring yourself to ask your lover during a post-coital cooldown, or you've got a few hours to kill before you go to sensitivity training, this here is your go-to reading.

You'll learn how to prepare financial statements, how to say "What is profit?" in Russian, and where to find the worst smell in the world.

Even if you don't buy this book, you can find the free sample financial model and tutorial videos on wtfisebitda.com.

Product Details

ISBN-13:	9780983481935
Publisher:	Steven Saltman
Publication date:	01/01/2019
Pages:	146
Sales rank:	595,753
Product dimensions:	5.50(w) x 8.50(h) x 0.34(d)

Table of Contents

Acknowledgments i

Preface v

Some More Preface vii

Who Should Read This Book? 1

What Is Financial Modeling? 2

Who Am I? 4

A Note on Spreadsheets and Excel 7

Tim Morton and the Numbers 10

Financial Jargon 13

The Difficulty of Calculating Profit: A Bunch of

Examples 21

What Is an Accountant? 29

A Note on GAAP 32

The Basic Financial Statements and the Most

Important Finance Graphic Ever 35

The Income Statement 39

The Cash Flow Statement 46

The Balance Sheet 51

Building a balance sheet on a spreadsheet 53

The Balance Sheet Equation 55

Private Equity 61

Valuing Assets 70

Basis 71

Appraisal 73

The Dreaded Pie Analogy 78

The Difference Between Accrual Accounting and

Cash Accounting 79

Ha Ha 83

Expenses Versus Other Stuff That Is Like an

Expense but Isn’t an Expense 87

Depreciation, Depletion, Amortization, and

Orgasms 91

How to Calculate Depreciation and How to Cheat

on Your Taxes 101

Modeling Depreciation 106

Profit, Retained Earnings, and Dividends 107

WTF Is EBITDA? 108

Some Stuff on Financial Modeling 110

How Far Out Should My Model Go? 113

Should My Model Be Based on Months? Weeks?

Quarters? Years? 114

More on Spreadsheets 115

How Do I Model Stock Options? 116

Cool Stuff You Can Do to Make Money Without

Producing Goods or Services 117

High Cash Flow—No Profit 120

Enron 121

Avoid Taxes—Go to the Beach! 123

Pumping Earnings by Losing Money 124

Afterword 125

About the Author 126