Earlier quoted context omitted.
When logic and the observation disagree that means your logic is missing something. Don't double down on flawed logic, figure out where the flaw is. I don't know where your flaws in logic is coming from, but I have seen the numbers enough different places to know there is one someplace.
You are missing one thing. Logic can be faulty AND observation can be faulty just as well (it's just more rare usually). Especially in the financial reporting. I've seen enough to immediately doubt and try to find intentional tricks in any level of financial reporting or analysis. The tools are endless - simple faking, reclassifying specific inflows and outflows to the different time frames or divisions or even separ…
I don't know how they managed to do the above. However we know that they have done it, and the costs must have not been excessive.
When you show me facts I'll change my mind. Until then the above facts are compelling.