Courses / Cost Structure / SBC Is a Real Expense

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SBC Is a Real Expense

Many investors are irrationally forgiving of SBC because it's a non-cash expense. SBC might not be paid with cash, but it's still a real expense.

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Cost Structure

1. What is Cost Structure
(4:09)
2. Expense Recognition
(6:16)
3. Operating vs. Non-Operating Expense
(2:06)
4. Fixed Cost vs. Variable Cost
(3:45)
5. Cash vs. Non-Cash Expense
(3:44)
6. Recurring vs. Non-Recurring Expense
(2:28)
7. Cost of Goods Sold (COGS)
(2:26)
8. Research & Development (R&D)
(3:13)
9. Sales & Marketing Expense
(2:49)
10. General & Administrative Expense (G&A)
(4:09)
11. Selling, General & Administrative (SG&A)
(2:06)
12. Stock-Based Compensation (SBC)
(5:19)
13. SBC Is a Real Expense
(3:37)
14. Depreciation & Amortization (D&A)
(6:35)
15. Tooth Fairy Doesn't Pay for D&A
(3:09)
16. Restructuring Cost
(4:03)
17. Impairment Charge
(4:18)
18. Loss on Sale of Asset
(3:17)
19. Other Expenses
(2:08)
20. Interest Expense
(3:07)
21. Income Tax Expense
(1:48)
22. Company-Specific Expenses
(2:37)
23. Case Study Cost Structure
(10:06)
24. Cost Ratios
(5:07)
25. Purpose of Cost Ratios
(4:28)
26. Impact of Scale on Fixed Cost Ratios
(4:00)
27. Cost Growth
(4:11)
28. Effective Tax Rate (ETR)
(7:05)
29. How to Forecast Costs
(3:35)
30. Forecasting Cost Drivers
(7:01)
31. Forecasting Costs
(5:55)
32. Connecting Dots
(1:30)
33. Quiz #1
(4 Q's)
34. Quiz #2
(4 Q's)
35. Quiz #3
(7 Q's)
36. Quiz #4
(5 Q's)
37. Quiz #5
(6 Q's)

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