Microsoft's Latest Financial Report: We "Gained" 300 Million Dollars in "Goodwill" and Liabilities Grew by 32 Billion Dollars
Microsoft's debt has reached an all-time high, but the company claims that something intangible, immaterial, and unsellable like "goodwill" is "worth" more than all this debt and counts as an "asset". From Microsoft.com today:
Compare to this page. 24 months ago the "goodwill" value was 67,886 million. So they claim that it nearly doubled throughout the "bloodbath" (mass layoffs), which is extremely unlikely. Staff wants to leave for somewhere else.
Microsoft is doing OK, according to Wall Street media. Why? Never mind if it borrows about 3 billion dollars a month to stay afloat (there are still loads of layoffs).
See, Microsoft has "goodwill". Welcome to magical economics, as covered previously in:
- Microsoft: Our "Goodwill" Gained Over 51 Billion Dollars in the Past Nine Months Alone, Now "Worth" as Much as All Our Physical Assets (Property and Equipment)
- Symptom or Hallmark of Ponzi Schemes: Microsoft Says It Gains Over 100 Million Dollars in "Goodwill" and Its Speculative "Value" Nearly Doubled to $119,329,000,000 in the Past Year Alone
- Microsoft Claims "Goodwill" Is an Asset Valued at $119,163,000,000, Cash Decreased From $34,704,000,000 to $19,634,000,000 and Total Liabilities Grew to $231,123,000,000
If all these financial nutteries don't add up, then... well, it's because it is based on a fiction. █