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Post being replied to

Eh, sane businesses wouldn't have D&A be 15% of revenue by NavyJoe

We aren't in the oil and gas industry. ND, and other schools, spend profligately because they aren't supposed to be turning a profit. That $30M equates to what, almost ~$1B of capital expenditures? There's also debt service on top of the depreciation, which further degrades profitability.

The number of athletic departments which have revenue equate to expenses is absurd.