Hey,
I am looking at a CRM (ticker SPU). I want to calculate their EBITDA. The problem is they haven't listed D&A in their income statement as a separate account, instead, they wrote in MD&A that it is included in "general" expenses under OPEX.
Question: To calculate EBITDA in this case can i take operating profit plus D&A from the cash flow statement?
The idea is that if they subtracted it when calculating op. income, I could add it back, but I can only find it in cash flow, so I would use that figure? Would this work? Or is my thinking flawed somewhere?