write down

We don’t know for sure since it doesn’t publish its financial statements, but there were no obvious one-off events that would have led to enormous noncash write-downs.

All through 2008, she followed the bankers’ and brokers’ claims that they had put their problems behind them with this write-down or that capital raise with her own claim: You’re wrong.

The company said the write-down was related to plans to reduce the number of clinics that Oak Street plans to open over the coming years.

The write-down overshadowed gradual improvements in other business lines.

Last week, the company announced a $1.6-billion write-down related to EV production plans, then it said it would stop making electric-delivery vans, which will lead to another charge.