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☆ Investors like the high dividends and buybacks energy companies offer, but debt is starting to rise again
▼ + stars: | 2023-10-03 | by ( Brian Evans | ) www.cnbc.com time to read: +10 min

If oil prices stay high — and especially, if they breach $100 a barrel — the companies are well positioned. However, should oil prices fall and debt levels continue to rise, some companies have boxed themselves into a corner with very generous dividends and share repurchase programs. At the same time, operating cash flow has been declining. "What we're looking at is companies trying to bridge a little gap while operating cash flow is going down," said Mark Young, senior analyst at Evaluate Energy. "Since the end of 2020, operating cash flow has been able to cover all capital spending, dividend payments and share buybacks by itself.

Persons: Mark Young, Young, Conoco Phillips, Noah Barrett, Warren, Barrett, We're, Matt Smith, Smith, Jason Mountford, Brent, Goldman Sachs, Mike Wirth, Mountford, unprofitably, there's, that's Organizations: Energy, CNBC, Civitas Resources, Chevron, Exxon Mobil, Janus, Federal, Warren Pies, 3Fourteen Research, Investors, Conocophillips, Devon Energy, Exxon, Organization of Petroleum, Kplgr, Bank of America, Citigroup Locations: U.S, Wall, Saudi Arabia, Russia, Chevron

☆ Hollywood’s absolutely bizarre accounting tactics are under renewed scrutiny
▼ + stars: | 2023-07-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

But the unique accounting standards that the industry has long relied on to make those calculations is anything but straightforward. “Hollywood accounting,” as a concept, is so specific to the entertainment business it has its own Wikipedia page. And while experts say this kind of creative accounting is perfectly legal, the tactics involve some of the most fantastical fictions ever devised in Tinseltown. To actually make the movie, the subsidiary inevitably takes on expenses — crew wages, craft services, set design, props etc. That means all of these “creative” expense allocations shouldn’t affect what net profits the studio’s shareholders see.

Persons: CNN Business ’, “ Forrest Gump ”, ”, Harry Potter, United States ’, Stephen Glaeser, Glaeser, ” Glaeser, it’s, Bridget Stomberg, “, Mark Young, ” Young, Tommy Lee Jones, Will Smith, Ed Solomon, Solomon, Sony didn’t, you’ll Organizations: CNN Business, New York CNN, United, University of North, University of Indiana’s Kelley Business School, University of Southern California’s Marshall School of Business, Sony Pictures, Sony, CNN Locations: New York, United States, Tinseltown, University of North Carolina

☆ DC Studios' future begins with Marvel's 'Guardians of the Galaxy Vol 3'
▼ + stars: | 2023-05-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +15 min

And, for once, the success of a Marvel film could bode well for the future of its longtime adversary. On the theatrical side, DC Studios has announced five new projects that will roll out starting in 2025 with Gunn's own "Superman: Legacy." "And I think Marvel Studios, sooner rather than later, needs to tell us what's going on with Spider-Man." He sees this as the result of predictable plotlines within the genre that are repeated across both studios' films. Marvel Studios

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