Based on recent capitalization rates — net
operating income as a share of the purchase price — office buildings in New York are overpriced by 20 percent, on average, compared with those in major West Coast markets, particularly West Los Angeles and downtown San Francisco.
A lot of investors like to use the net
operating income as cash flow but that's not really cash in your pocket.
I believe it is «cleaner» to calculate net
operating income as gross rent income less OPERTING expenses (not loan) to get net operating income.
The fourth quarter, though, should see an upswing with the actual purchasing of the Kindle Fire tablet for holiday gift giving, as well as a massive drop in
operating income as less focus is placed on promoting the device.
This ASU requires the service cost component of net benefit costs to be reported in the same line item or items within
operating income as other compensation costs, with the other components of net benefit cost to be presented outside of operating income.
Net income as an ROE for the quarter was 11.5 %, and net
operating income as an ROE, excluding net unrealized gains on fixed maturities, was 14.6 %.
REBIT margin, which corresponds to recurring
operating income as a percentage of sales, rose to 12.8 % in first - quarter 2018 compared to 11.3 % in the corresponding prior - year period.
Not exact matches
* In the consolidated
income statement, «Depreciation and amortization related to the revaluation of tangible and intangible assets
as part of the purchase price allocation process» is now recognized in «
Operating expenses».
In addition to the results provided in accordance with US Generally Accepted Accounting Principles («GAAP») in this press release, the Company provides measures adjusted for Special Items, which include Adjusted
Operating Profit, Adjusted Diluted Earnings Per Common Share, Adjusted Effective Tax Rate and Adjusted EBITDA, which we define
as net
income including noncontrolling interests adjusted for
income tax, interest
income, depreciation, amortization and other items, including store impairment charges.
So look for revenues to keep waxing, and for
operating leverage to get stronger
as Moynihan fulfills his pledge to drive down costs well into next year, then hold the expense line steady thereafter
as loans and interest
income keep growing.
Tesla said on Feb. 7: «
As we ramp production of both Model 3 and our energy products while keeping tight control of
operating expenses, our quarterly
operating income should turn sustainably positive at some point in 2018.»
However, non-GAAP net
income (loss) and non-GAAP basic and diluted earnings (loss) per share are not measures of financial performance under GAAP and, accordingly, should not be considered
as alternatives to GAAP measures
as indicators of
operating performance.
Management believes analysts and investors use Adjusted EBITDA
as a supplemental measure to evaluate overall
operating performance and facilitate comparisons with other wireless communications companies because it is indicative of T - Mobile's ongoing
operating performance and trends by excluding the impact of interest expense from financing, non-cash depreciation and amortization from capital investments, non-cash stock - based compensation, network decommissioning costs
as they are not indicative of T - Mobile's ongoing
operating performance and certain other nonrecurring
income and expenses.
The
income wasn't
as good
as it seemed, considering how little time or energy was left to
operate my own business.
Cash bonuses for the executives paid out above their target
as the company beat net sales and
operating income goals.
Other, net may not agree to the Condensed Consolidated Statements of Comprehensive
Income primarily due to certain non-routine
operating activities, such
as other special items that would not be expected to reoccur, and are therefore excluded in Adjusted EBITDA.
However, Non-GAAP measures should not be considered
as substitutes for
operating income, net
income or other data prepared and reported in accordance with GAAP and should be viewed in addition to our reported results prepared in accordance with GAAP.
Given that disparity, it shouldn't be too surprising that the Tigers posted an
operating loss of $ 36.4 million dollars last year, while the league
as a whole averaged an
operating income of $ 34 million.
Net cash flows provided by
operating activities
as a percentage of net
income attributable to common shareowners
Other restaurant trusts, such
as A&W Revenue Royalties
Income Fund, earn money on royalties paid by franchisees, whereas Priszm pays royalties to Yum and shoulders
operating costs.
Details of the significant non-recurring and non-operational items included within
operating profit, interest and
income tax of continuing operations for the quarters ended March 31, 2018 and 2017 above are
as follows:
FFO
as adjusted is generally calculated by the Company
as NAREIT FFO excluding certain transactional
income and expenses and non-
operating impairments which management believes are not reflective of the results within the company's
operating real estate portfolio.
The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO»)
as net
income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of
operating real estate assets and change in control of interests, plus (i) depreciation and amortization of
operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.
The company considers same - property NOI
as an important
operating performance measure because it is frequently used by securities analysts and investors to measure only the net
operating income of properties that have been owned by the company for the entire current and prior year reporting periods.
At the meeting in late 2016, executives said Quidsi would also generate significant free cash flow in 2017, which is notable because Amazon CEO Jeff Bezos has long said that he cares more about free cash flow than he does profit margins or profitability metrics such
as operating income and net
income.
On a personal return, you can deduct up to 30 % to 50 % of your adjusted gross
income, with the amount depending upon the charity's IRS category.Organizations such
as churches, schools and private -
operating foundations fall into the 50 % category; veterans» and fraternal societies are in the 30 % category.
But perhaps more important,
as MarketWatch points out, that business comprised 89 % of Amazon's total
operating income.
Amazon's cloud division, known
as Amazon Web Services, reported $ 890 million in
operating income on revenue $ 3.66 billion for the first quarter ending in March.
As a result, previously reported aggregate business segment net sales and
operating income for total year 2017 increased $ 1.568 billion and $ 402 million, respectively, offset by similar increases in the elimination of dual credit net sales and
operating income amounts.
As a result,
operating income for 3M's business segments has been revised to reflect non-service cost related pension and postretirement net periodic benefit costs within other expense (
income) net.
That's why analysts expect the government to look for
operating expenditure cuts — such
as cutting remaining fuel subsidies — even
as it tries to keep up development spending and target lower -
income households, often called the B40, or bottom 40 percent with
incomes of less than around 2,500 ringgit a month.
Adjusted EBITDA,
as defined above, also represents our measure of segment
income for each of our three
operating segments.
EBITDA is defined
as earnings (net
income or loss) before interest expense, net, (gain) loss on early extinguishment of debt,
income tax (benefit) expense, and depreciation and amortization and is used by management to measure
operating performance of the business.
Adjusted Net
Income is defined as net income excluding (i) franchise agreement amortization, which is a non-cash expense arising as a result of acquisition accounting that may hinder the comparability of our operating results to our industry peers, (ii) amortization of deferred financing costs and debt issuance discount, a non-cash component of interest expense, and (gains) losses on early extinguishment of debt, which are non-cash charges that vary by the timing, terms and size of debt financing transactions, (iii)(income) loss from equity method investments, net of cash distributions received from equity method investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated with non-recurring pro
Income is defined
as net
income excluding (i) franchise agreement amortization, which is a non-cash expense arising as a result of acquisition accounting that may hinder the comparability of our operating results to our industry peers, (ii) amortization of deferred financing costs and debt issuance discount, a non-cash component of interest expense, and (gains) losses on early extinguishment of debt, which are non-cash charges that vary by the timing, terms and size of debt financing transactions, (iii)(income) loss from equity method investments, net of cash distributions received from equity method investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated with non-recurring pro
income excluding (i) franchise agreement amortization, which is a non-cash expense arising
as a result of acquisition accounting that may hinder the comparability of our
operating results to our industry peers, (ii) amortization of deferred financing costs and debt issuance discount, a non-cash component of interest expense, and (gains) losses on early extinguishment of debt, which are non-cash charges that vary by the timing, terms and size of debt financing transactions, (iii)(
income) loss from equity method investments, net of cash distributions received from equity method investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated with non-recurring pro
income) loss from equity method investments, net of cash distributions received from equity method investments, (iv) other
operating expenses (
income), net, and (v) other specifically identified costs associated with non-recurring pro
income), net, and (v) other specifically identified costs associated with non-recurring projects.
We have eliminated this expense from adjusted net
income as it is non-cash in nature and is not indicative of our ongoing
operating performance.
Yandex's Russian
operating subsidiaries» functional currency is the Russian ruble, and therefore changes due to exchange rate fluctuations in the ruble value of these subsidiaries» monetary assets and liabilities that are denominated in other currencies are recognized
as foreign exchange gains or losses within the Other loss, net line in the condensed consolidated statements of
income.
The non-GAAP measures presented here are: revenue, gross profit,
operating expenses,
income (loss) from operations, non-
operating expenses and net
income (loss)(including those amounts
as a percentage of revenue), and net
income (loss) per diluted share.
This was unusual and excellent, but we do expect channel
operating income to grow faster than revenue growth, and that will drive margin expansion
as we move into 2017.
The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify
as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock,
income, net
income or profit (before or after taxes), economic profit,
operating income,
operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to
operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested
However,
as a counter to these strengths, we also find weaknesses including deteriorating net
income, disappointing return on equity and weak
operating cash flow.»
«Non-GAAP
Income from Operations» is defined as our non-GAAP income from operations (revenues less cost of revenues and operating expenses, excluding the impact of stock - based compensation expense and amortization of acquisition - related intangible assets), as adjusted to exclude certain acquisitions and not including the impact of amounts payable under the Kokua Bonus
Income from Operations» is defined
as our non-GAAP
income from operations (revenues less cost of revenues and operating expenses, excluding the impact of stock - based compensation expense and amortization of acquisition - related intangible assets), as adjusted to exclude certain acquisitions and not including the impact of amounts payable under the Kokua Bonus
income from operations (revenues less cost of revenues and
operating expenses, excluding the impact of stock - based compensation expense and amortization of acquisition - related intangible assets),
as adjusted to exclude certain acquisitions and not including the impact of amounts payable under the Kokua Bonus Plan.
In addition, Mr. Fink spent four years with Credit Lyonnais Securities, where he most recently served
as the
Operating Treasurer, managing the security firm's fixed
income portfolio.
Under the Bonus Plan, our compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net
income, net profit, net sales,
operating cash flow,
operating expenses,
operating income,
operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit, return on assets, return on capital, return on equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working capital, and individual objectives such
as MBOs, peer reviews, or other subjective or objective criteria.
The carrier has worked hard to improve its business recently — Sprint posted its highest
operating income in 10 years in its latest quarter — but the company's position in the U.S. wireless market isn't nearly
as strong
as it used to be.
The Financial Accounting Standards Board (FASB) introduced a new accounting standard that requires companies to present service cost
as the only
operating component of periodic pension costs on the
income statement.
For purposes of our fiscal 2015 incentive plans, «global eCommerce
operating income» is defined
as the allocated portion of the
operating income or loss from our
operating segments attributable to walmart.
As noted above, our
operating income performance during fiscal 2013 was good, particularly for our Walmart U.S. and Sam's Club divisions, which each exceeded the
operating income goals established by the CNGC under our cash incentive plan.
Hueler
operates the
Income Solutions platform, which capitalizes on the firm's market and technology expertise
as well
as its established relationships with insurance companies.
As a result, the accompanying consolidated statements of
income and comprehensive
income include tax expense related to those states and to U.S. and foreign jurisdictions where we
operate.
These measures are not substitutes for their comparable U.S. GAAP financial measures, such
as net sales,
operating income, diluted earnings per share, or other measures prescribed by U.S. GAAP, and there are limitations to using non-GAAP financial measures.