I saw some commentary that their free cash flow is misleading because it doesn't subtract the stock compensation they are paying to attract / keep top AI talent. Their point was also that deciphering financial statements is hard
replyWhy would it? Stock compensation doesn't affect cash flow, it just dilutes the shareholders.
replyExcept that's the thing, they do stock buybacks so they do not dilute existing shareholders or lower stock prices.
replyThis is the video I watched that explained the shenanigans (from the guests' perspective, not illegal, obfuscated)