Originally Posted by
sentapua
Operating loss was $72M. Net loss was $54m.
The net loss is less because they took a $18M non cash "gain" when they terminated a bunch of leases because they had to account for the difference in the values they had on the books vs what value was actually realized. This is not a cash gain. It that won't recur.
The $72M is more meaningful because its the "all in" loss minus the accounting gain, which isn't a real economic gain and won't repeat in future reporting periods.