This debt bias is based on the accounting rationale that interest is a tax-deductible cost of doing business while dividends are a non-deductible form of business income.
All royalties from the sales of the book will be donated to The Network for Teaching Entrepreneurship, a non-profit organization that provides programs that inspire young people from low-income communities to stay in school, recognize business opportunities, and plan for successful futures.
However, in order to provide a complete picture of our recurring core business operating results, we exclude from non-GAAP net income and non-GAAP EPS the tax effects associated with SBC.