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zafka | 1 month ago

What jumps out at me is the use of the "constant currency" term. I do not think I have seen that before - Admittedly, I do not study a lot of financials. Is this something that we are going to see a lot of now, due to devaluation of the dollar?

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mywittyname|1 month ago

This is the standard for all financials, they just don't normally call it out as such.

It just means that they are assuming a fixed exchange rate for currencies over a period of time (often a month, quarter, or year), rather than reporting foreign income/holdings in current market value dollars.

I'm not an accountant, but I did do dev work for exactly this to align Netsuite with internal dashboards for reporting.

tiffanyh|1 month ago

It’s pretty common actually with Fortune 500 to report that way, and has been for a long time.