&gt;Looking at their financial statements, net loss for last FY was 250MM but depreciation and amortization was over 700MM. In other words, the loss they show is just a paper loss. They make money.<p>If they consistently do this then they&#x27;re not making money. Depreciation&#x2F;Ammortization is just an accounting method to distribute investments over time. If you&#x27;re consistently returning a net loss it&#x27;s not just a timing issue. In this case maybe Salesforce is like Amazon and continuously reinvests free cash flow so they don&#x27;t return a profit to shareholders and instead reinvest it into new business. Is that what you mean?