[missedthecue]

Latest innovation? The concept of constant currency basis accounting has been in use for decades. I searched for 2 seconds... here is the annual report for IBM in 1997. They specifically state that their numbers are adjusted on a constant currency basis.

https://www.ibm.com/annualreport/assets/past-reports/1997-ib...

If I put effort into it, I'm sure I could link you to corporate financial statements from the early 1970s after Bretton Woods when currencies became free-floating, necessitating this calculation.

How else would you report it? Break out separate income statements for all 100+ currencies Google deals with, so you can see how many Peruvian Sols they earned in Q3 2022 and ignore currency exchange rate fluctuations?

[jsnell]

Also, it's not that it was picked into use for this specific earnings report to make it look better. They've been consistently reporting the impact of foreign exchange rate changes on the earnings for 15 years, whether that makes for a larger or smaller number.