OPEX = SG&A + R&D + Depreciation + Amortization |
|---|
Depreciation & Amortization represent a Non-Cash Expenses.
In some specific cases a part of R&D or the whole cost of R&D can be captured as COGS or CAPEX (see R&D record in P&L).
See also
Business / Business Administration / Financial Management / Financial Accounting / Profit and Loss (P&L)
[ CAPEX ]