Income from Operations Clause Samples
The 'Income from Operations' clause defines how a company's earnings from its core business activities are calculated, excluding non-operating income and expenses. This typically involves subtracting operating expenses such as salaries, rent, and cost of goods sold from total revenues generated by the primary business operations. By clearly delineating operational income, the clause ensures that stakeholders can accurately assess the profitability of the company's main business activities, separate from ancillary or one-time financial events.
Income from Operations. Fail to maintain, as of the end of any fiscal quarter of PRA, positive Income from Operations for such period.
Income from Operations. (a) Net Sales/Income from Operations (Net of excise duty) (b) Other Operating Income Total income from Operations (net) 2. Expenses (a) Cost of Materials consumed (b) Purchase of stock-in-trade (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Employee benefits expense (e)Depreciation and amortisation expense (f)Other expenses(Any item exceeding 10% of the total expenses relating to continuing operations to be shown separately) Total Expenses 3. Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2)
Income from Operations. 17 -- --- 15 1 --- 16
Income from Operations. 21,907,993 ------------ (5,684,607) ----------- 8,973,271 ----------- 4,932,276 ----------- 5,459,991 ----------- 2,710,078 OTHER INCOME (EXPENSE): Interest income .......................... 1,077,713 442,444 Other income ............................. 139,355 57,308 25,145
Income from Operations. Other income (expense): -- ----- -- ----- -- ----- -- ----- 4,849 ------ 785 ------ -- ----- -- ----- 4,849 ------ 785 ------ Interest income (expense), net..... Equity in subsidiaries, net of (148) (100) (26) -- (274) taxes........................... 408 471 -- (879) -- Minority interest.................. -- -- (3) -- (3) Other, net......................... -- ----- 260 ----- -- ----- 371 ----- 8 ------ (21) ------ -- ----- (879) ----- 8 ------ (269) ------ Income before income taxes 260 371 764 (879) 516 taxes (55) (37) 294 -- 202 Provision for (benefit from) income Income before extraordinary item and cumulative effect of change in ----- ----- ------ ----- ------ accounting principle 315 408 470 (879) 314 Extraordinary item................... -- -- (1) -- (1) accounting principle............... -- -- 2 -- 2 Net income........................... ----- $ 315 ===== ----- $ 408 ===== ------ $ 471 ====== ----- $(879) ===== ------ $ 315 ====== 21 Cumulative effect of change in WASTE MANAGEMENT, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2002 (UNAUDITED) PARENT GUARANTOR NON-GUARANTORS ELIMINATIONS CONSOLIDATED Cash flows from operating activities: Net income........................................... $ 355 $ 427 $ 476 $(903) $ 355 Equity in earnings of subsidiaries, net of taxes..... (427) (476) -- 903 -- Other adjustments and charges........................ (12) (10) 551 -- 529 Net cash provided by (used in) operating activities.... (84) (59) 1,027 -- 884 Cash flows from investing activities: Acquisitions of businesses, net of cash acquired..... -- -- (64) -- (64) Capital expenditures................................. -- -- (552) -- (552) divested, and other sales of assets................ -- -- 71 -- 71 Other................................................ -- -- 96 -- 96 Net cash used in investing activities.................. -- -- (449) -- (449) Cash flows from financing activities: New borrowings....................................... 498 -- -- -- 498 Debt repayments...................................... (427) (24) (17) -- (468) Common stock repurchases............................. (500) -- -- -- (500) Exercise of common stock options and warrants........ 23 -- -- -- 23 (Increase) decrease in intercompany and investments, net................................................ 525 83 (608) -- -- Net cash provided by (used in) financing activities.... 119 59 (625) -- ...
Income from Operations. 103,353 --------- 313,820 -- --------- 760,098
Income from Operations. 1,885 ------- 22,901 ------- 11,235 1,356 ------- 13,264 ------- 6,586
Income from Operations. 15 1 --- 16 -- --- 17 Other income, net................................... Income before income tax provision.................. 5 --- 20 4 --- 20 5 --- 22 Provision for income taxes.......................... Net income.......................................... 8 --- 12% === 7 --- 13% === 8 --- 14% === YEARS ENDED DECEMBER 31, 2000 AND 1999 REVENUES. Total revenues increased 80% to $157.1 million in the year ended December 31, 2000 from $87.3 million in the year ended December 31, 1999. Revenues from core research increased 86% to $120.5 million in the year ended December 31, 2000 from $64.7 million in the year ended December 31, 1999. Increases in total revenues and revenues from core research were primarily attributable to an increase in the number of client companies to 2,378 at December 31, 2000 from 1,793 at December 31, 1999, an increase in the sales organization to 267 employees at December 31, 2000 from 153 employees at December 31, 1999, and sales of additional core research products to existing clients. No single client company accounted for more than 2% of revenues for the year ended December 31, 2000. Advisory services and other revenues increased 62% to $36.7 million in the year ended December 31, 2000 from $22.6 million in the year ended December 31, 1999. This increase was primarily attributable to increased demand for our advisory services programs, the increase in research staff providing advisory services to 207 employees at December 31, 2000 from 125 at December 31, 1999, and the increase in the number of events held to eleven in the year ended December 31, 2000 from eight in the year ended December 31, 1999. Revenues attributable to customers outside the United States increased 108% to $41.1 million in the year ended December 31, 2000 from $19.8 million in the year ended December 31, 1999. Revenues attributable to customers outside the United States increased as a percentage of total revenues to 26% for the year ended December 31, 2000 from 22% for the year ended December 31, 1999. The increase in international revenues was primarily attributable to the continued expansion of our European headquarters in Amsterdam, Netherlands and our UK Research Centre in London, England, the increase in sales personnel at each location, and our acquisition of FORIT, GmbH in Frankfurt, Germany on October 9, 2000. We invoice our international clients in U.S. dollars, except for those billed by our UK Research Centre, which invoices clients in British pou...
Income from Operations. As a result of the foregoing factors, income from operations increased $9.8 million, or 31%, to $41.6 million in 1999 from $31.7 million in 1998. Income from operations as a percentage of revenues decreased to 8.2% in 1999 from 8.6% in 1998. OTHER INCOME (EXPENSE). Other income increased $6.7 million to $6.8 million in 1999 compared to $159,000 in 1998. Included in other income in 1999 is a $6.7 million gain on the settlement of a long-term contract which was terminated by a client in 1996. Included in other income (expense) in 1998 is $1.3 million in business combination expenses relating to the business combinations accounted for under the pooling of interests method. Interest expense increased $914,000 to $2.2 million in 1999 compared to $1.3 million in 1998. This increase is primarily the result of increased borrowings. Interest income decreased $702,000 to $2.4 million in 1999 compared to $3.1 million in 1998. This decrease is the result of the decrease in short-term investments during 1999.
Income from Operations. Our income from operations increased $13.1 million, or 32.3%, to $53.6 million in fiscal 1999 from $40.5 million the previous year. This increase was primarily due to increased sales and gross profit partially offset by increased expenses and special charges. INTEREST EXPENSE. Interest expense increased $0.7 million, or 4.5%, to $16.4 million in fiscal 1999 from $15.7 million in the prior year primarily due to financing costs associated with the Latin American acquisition. INCOME TAX EXPENSE. Our effective tax rate for fiscal 1999 was 35.8% compared to 33.9% for fiscal 1998. The lower rate last year was impacted by a lower state tax rate and a lower foreign tax rate as compared to our U.S. Federal statutory rate. EXTRAORDINARY ITEM. We recorded extraordinary expense of $2.0 million, net of tax, in fiscal 1998 for the premium payment on the redemption of a portion of our Series B Senior Subordinated Notes. FISCAL YEAR ENDED SEPTEMBER 30, 1998 COMPARED TO FISCAL YEAR ENDED SEPTEMBER 30, 1997 HIGHLIGHTS OF CONSOLIDATED OPERATING RESULTS NET SALES. Our net sales increased $63.1 million, or 14.6%, to $495.7 million in fiscal 1998 from $432.6 million in fiscal 1997. The increase was driven by increased sales of alkaline, alkaline rechargeable, hearing aid and specialty batteries and lighting products and was somewhat offset by the continued decline in the heavy duty battery market. Acquisitions we made during fiscal 1988 contributed $14.0 million to the improvement in sales. NET INCOME. Net income for fiscal 1998 increased $8.2 million ($10.2 million before extraordinary item), or 132.3%, to $14.4 million from