Investors News Worldwide Sites Contact Us Linked In

Worldwide Sites

Go
 
show all +hide -Our Company
The Big Picture
Leadership Bios
Business Summary
Locations
Avery Dennison Foundation
Newsroom
Investors

Fundamentals - Annual Balance Sheet

Print Page Print Page | E-mail Page E-mail Page | RSS Feeds RSS Feeds | E-mail Alerts E-mail Alerts | IR Contacts IR Contacts

Snapshot | Trading Statistics | Balance Sheet | Income Statement | Cash Flow | Ratios
 
Download Financials to ExcelDownload to Excel
Period Ended12/1212/1101/1101/1012/08
 UpdateUpdateUpdateReclassifiedUpdate
 03/1303/1303/1301/1301/13
In millions of USD
(except for per share items)
Cash & Equivalents235.40178.00127.50138.10105.50
Cash and Short Term Investments235.40178.00127.50138.10105.50
Accounts Receivable - Trade, Gross1,017.60920.401,047.50974.801,046.20
Provision for Doubtful Accounts-44.80-43.30-51.40-56.20-57.30
Accounts Receivable - Trade, Net972.80877.10996.10918.60988.90
Total Receivables, Net972.80877.10996.10918.60988.90
Inventories - Finished Goods149.60177.60205.30205.20248.60
Inventories - Work In Progress139.20136.40130.50119.60143.40
Inventories - Raw Materials184.50216.20243.30217.90256.20
LIFO Reserve---55.10-59.20-65.40-64.60
Total Inventory473.30475.10519.90477.30583.60
Deferred Income Tax - Current Asset129.10117.40144.70103.50115.60
Discountinued Operations - Current Asset472.20454.90.00----
Other Current Assets128.90116.30163.7095.70136.80
Other Current Assets, Total730.20688.60308.40199.20252.40
Total Current Assets2,411.702,218.801,951.901,733.201,930.40
Buildings - Gross660.50662.90738.10764.10745.50
Land / Improvements - Gross56.5056.5065.1068.4068.40
Machinery / Equipment - Gross2,090.502,108.102,325.702,334.802,301.50
Construction in Progress - Gross63.6040.5057.3040.6057.70
Property / Plant / Equipment, Total - Gross2,871.102,868.003,186.203,207.903,173.10
Accumulated Depreciation, Total-1,855.60-1,788.60-1,923.30-1,853.20-1,680.10
Property / Plant / Equipment, Total - Net1,015.501,079.401,262.901,354.701,493.00
Goodwill, Net764.40759.30940.80950.801,716.70
Intangibles - Gross721.30706.20804.40791.40432.90
Accumulated Intangible Amortization-444.20-413.60-432.50-379.30-129.30
Intangibles, Net277.10292.60371.90412.10303.60
Defered Income Tax - Long Term Asset331.60322.30266.00236.60168.90
Other Long Term Assets305.00300.30305.90315.40423.10
Other Long Term Assets, Total636.60622.60571.90552.00592.00
Total Assets5,105.304,972.705,099.405,002.806,035.70
Accounts Payable804.30736.50748.20689.80672.90
Accrued Expenses524.40447.20649.40601.50660.50
Notes Payable / Short Term Debt520.20227.10381.00535.60665.00
Deferred Income Tax - Current Liability65.1081.8053.2040.8059.60
Discontinued Operations - Current Liability160.50154.50.00----
Other Current liabilities, Total225.60236.3053.2040.8059.60
Total Current Liabilities2,074.501,647.101,831.801,867.702,058.00
Long Term Debt702.20954.20956.201,088.701,544.80
Total Long Term Debt702.20954.20956.201,088.701,544.80
Total Debt1,222.401,181.301,337.201,624.302,209.80
Deferred Income Tax – Long Term Liability140.50125.80124.60127.80116.40
Deferred Income Tax140.50125.80124.60127.80116.40
Pension Benefits - Underfunded607.20587.10541.10556.00566.50
Other Liabilities, Total607.20587.10541.10556.00566.50
Total Liabilities3,524.403,314.203,453.703,640.204,285.70
Common Stock124.10124.10124.10124.10124.10
Common Stock, Total124.10124.10124.10124.10124.10
Additional Paid-In Capital801.80778.60768.00722.90642.90
Retained Earnings (Accumulated Deficit)1,910.801,810.501,727.901,499.702,381.30
Treasury Stock - Common-977.80-791.50-758.20-595.80-867.70
ESOP Debt Guarantee--.00-73.20-243.10-248.10
Unrealized Gain (Loss)-2.00-6.90-9.00-11.00-15.80
Translation Adjustment180.50137.80187.30169.2065.80
Minimum Pension Liability Adjustment-456.50-394.10-321.20-303.40-332.50
Other Equity, Total-276.00-256.30-133.90-134.20-266.70
Total Equity1,580.901,658.501,645.701,362.601,750.00
Total Liabilities & Shareholders' Equity5,105.304,972.705,099.405,002.806,035.70
Shares Outstanding - Common Stock Primary Issue99.92106.27105.39105.3098.37
Total Common Shares Outstanding99.92106.27105.39105.3098.37
Treasury Shares - Common Stock Primary Issue24.2117.8416.9312.0717.84
Employees29,800.0030,400.0032,100.0031,300.0035,700.00
Number of Common Shareholders6,745.007,181.007,610.008,180.008,584.00
Accumulated Intangible Amortization444.20413.60432.50379.30129.30
Total Current Assets less Inventory1,938.401,743.701,432.001,255.901,346.80
Quick Ratio.931.06.78.67.65
Current Ratio1.161.351.07.93.94
Net Debt987.001,003.301,209.701,486.202,104.30
Tangible Book Value539.40606.60333.00-.30-270.30
Tangible Book Value per Share5.405.713.16.00-2.75
Total Long Term Debt, Supplemental954.10955.80949.201,149.201,550.20
Long Term Debt Maturing within 1 Year251.901.60.1060.506.00
Long Term Debt Maturing in Year 21.60251.90.00280.20405.20
Long Term Debt Maturing in Year 35.601.60250.00.00.00
Long Term Debt Maturing in Year 4.205.80.00250.00250.00
Long Term Debt Maturing in Year 5249.60.105.00.00--
Long Term Debt Maturing in 2-3 Years7.20253.50250.00280.20405.20
Long Term Debt Maturing in 4-5 Years249.805.905.00250.00250.00
Long Term Debt Maturing in Year 6 & Beyond445.20694.80694.10558.50889.00
Total Capital Leases, Supplemental4.806.608.20----
Capital Lease Payments Due in Year 11.901.601.10----
Capital Lease Payments Due in Year 21.601.902.30----
Capital Lease Payments Due in Year 3.601.602.00----
Capital Lease Payments Due in Year 4.20.801.60----
Capital Lease Payments Due in Year 5.20.10.60----
Capital Lease Payments Due in 2-3 Years2.203.504.30----
Capital Lease Payments Due in 4-5 Years.40.902.20----
Capital Lease Payments Due in Year 6 & Beyond.30.60.60----
Total Operating Leases, Supplemental211.10220.00244.20239.70250.90
Operating Lease Payments Due in Year 166.2064.0066.1066.0064.60
Operating Lease Payments Due in Year 242.5046.3052.2053.0049.60
Operating Lease Payments Due in Year 331.4029.4036.8039.4039.20
Operating Lease Payments Due in Year 420.2021.4023.1027.0030.50
Operating Lease Payments Due in Year 512.4013.6017.5021.1020.10
Operating Lease Payments Due in 2-3 Years73.9075.7089.0092.4088.80
Operating Lease Payments Due in 4-5 Years32.6035.0040.6048.1050.60
Operating Lease Payments Due in Year 6 & Beyond38.4045.3048.5033.2046.90
Pension Obligation - Domestic963.70835.80744.80693.60611.90
Pension Obligation - Foreign835.80519.50504.70465.80449.90
Plan Assets - Domestic648.50551.20540.00467.70386.60
Plan Assets - Foreign551.20441.30426.60402.10325.00
Funded Status - Domestic-315.20-284.60-204.80-225.90-225.30
Funded Status - Foreign-284.60-78.20-78.10-63.70-124.90
Accumulated Obligation - Domestic961.40834.20742.30658.00586.80
Accumulated Obligation - Foreign834.20487.00474.90439.20417.70
Unfunded Plan Obligations12.0012.4038.7037.0031.80
Total Funded Status-611.80-375.20-321.60-326.60-382.00
Discount Rate - Domestic4.004.755.506.006.60
Discount Rate - Foreign3.944.805.245.725.74
Discount Rate - Post-Retirement2.853.755.255.506.60
Compensation Rate - Domestic.00.00.003.593.59
Compensation Rate - Foreign2.242.792.952.992.59
Prepaid Benefits - Domestic.00.00.00.00.00
Prepaid Benefits - Foreign38.3035.6040.0045.70.80
Accrued Liabilities - Domestic-443.50-415.50-340.10-354.30-357.00
Accrued Liabilities - Foreign-121.00-113.80-118.10-109.40-125.70
Accrued Liabilities - Post-Retirement-12.00-12.40-38.70-37.00-31.80
Other Assets, Net - Domestic560.30482.00357.30364.00349.90
Other Assets, Net - Foreign134.70121.60107.3081.70136.90
Other Assets, Net - Post-Retirement-13.40-17.209.307.101.30
Net Assets Recognized on Balance Sheet143.4080.3017.00-2.20-25.60
Equity % - Domestic--64.0070.0071.0060.00
Equity % - Foreign--35.0047.0042.0043.00
Debt Securities % - Domestic--36.0030.0029.0040.00
Debt Securities % - Foreign--52.0043.0047.0049.00
Real Estate % - Foreign--13.0010.0011.008.00
Total Plan Obligations1,811.501,367.701,288.201,196.401,093.60
Total Plan Assets1,199.70992.50966.60869.80711.60
For a more complete picture of our financial results, please review our SEC Filings
Powered by Thomson Reuters
Short Term Debt Reduction represents cash outflow due to the repayment of short-term debt.
Payable/Accrued is used when trade Accounts Payable and Accrued Expenses are not delineated by a company.
Interest/Investment Income, Non-Operating represents the sum of:
Interest Income, Non-Operating
Investment Income, Non-Operating.
Real Estate Operation Gain represents income from rentals and gains from the sale of operating real estate.
Fees for Other Customer Services represents fees earned from customer services other than the following:
Fees & Commissions From Operations
Commissions/Fees From Securities Activities
Insurance Commissions, Fees & Premiums
Credit Card Fees

Fees for Other Customer Services includes:
Consulting fees
Lock box fees
Other (unidentified) service fees earned from customers
Reinsurance – Liability represents payables by an insurance company to reinsurers. It includes:
Premiums ceded payable for outward reinsurance
Claims and losses payable to reinsurers for inward reinsurance.
Cash From Financing Activities represents the sum of:
Financing Cash Flow Items
Cash Dividends Paid
Issuance (Retirement) of Stock, Net
Issuance (Retirement) of Debt, Net.
Credit Card Fees represents fees earned from credit card services for banks. Many banks issue credit cards and provide consumer loans to their customers. Fees are earned from processing credit card transactions and interest income from loans to customers. Credit cards are also issued by credit card companies. Fees earned from these cards are classified as Credit Card Fees.
Other Policyholders’ Funds represents liabilities/funds directly related to the writing of policies by insurance companies, not included in:
Policy Liabilities
Insurance Liabilities
Unearned Premium/Unearned Revenue
Repurchase Agreements
Separate Accounts – Liability
Reinsurance – Liability.
Issuance (Retirement) of Debt, Net represents net changes in cash flow due to the changes in the level of debt of a company, which is the sum of:
Short Term Debt, Net
Long Term Debt, Net
Total Debt Issued
Total Debt Reduction.
Insurance Commissions, Fees & Premiums represents commissions, fees and premiums earned from taking or brokering insurance policy subscriptions. It is used only by banks that are involved in insurance as a secondary business activity.
Separate Accounts – Liability represents liabilities of contra accounts for transactions on segregated funds. Segregated funds are established for an insurance company to manage certain investment assets on behalf of its client. Insurance companies earn fees by managing such segregated funds. Pension fund management or annuity-style savings accounts offered by life insurance companies are examples of services through which insurance companies earn these fees.
Total Debt Reduction represents cash outflow on changes in the level of debt in a company.
Commissions/Fees From Securities Activities represents commissions and fees earned from security financing activities. syndication and similar activities.
Repurchase Agreements represents short-term liabilities on securities sold under repurchase agreements. A liability is an area of potential financial exposure or loss. Insurance companies usually receive premiums on taking policies, and actively invest the proceeds, where earnings from the investment are used for claims and loss expenses.
Total Debt Issued represents cash inflow on changes in the level of debt of a company.
Fees & Commissions From Operations represents fees and commissions earned from commercial banking operations. Although the primary source of income for commercial banks is interest income from loans to customers, they also generate income from money transferring fees, late fees, check clearing fees, and other fees and commissions.
Unearned Premium/Unearned Revenue represents premiums received but not yet earned. This generally refers to premiums received on non-life insurance policies, as these premiums are earned over the life of the contract.
Long Term Debt, Net represents the sum of Long Term Debt Issued and Long Term Debt Reduction.
Allowance for Funds Used During Construction represents imputed investment income from equity funds that are employed for power plant construction for utility companies.
Insurance Reserves represents reserves for policy benefits under actuarial assumptions on insurance policies. This reserve is usually required in long-term insurance policies, such as life or in annuity management plans.
Long Term Debt Reduction represents cash outflow on the repayment of long-term debt in a company.
Gain (Loss) on Sale of Assets represents gains/losses on sale of fixed assets that have been used for operations. Gain (Loss) on Sale of Assets also represents the gains/losses on a large stake of holdings in an investee as long-term investment.
Policy Liabilities represents payables for claims and losses to policyholders, and other liabilities directly related to insurance policies assumed. However, Policy Liabilities is limited to liabilities where the amounts of claims and losses are already confirmed.
Long Term Debt Issued represents cash inflow on the issuance of long-term debt instruments in a company. Long-term debt may include long-term bank borrowings, corporate bonds, convertible bonds, etc.
Interest Income (Expense), Net Non-Operating represents the sum of:
Interest Expense, Net Non-Operating
Interest/Investment Income, Non-Operating.
Short Term Debt, Net represents the sum of Short Term Debt Issued and Short Term Debt Reduction.
Accrued Expenses represents operational expenses accrued, but not yet paid. As current liabilities, such expenses are expected to be paid within one year or one operating cycle, whichever is longer.
Sale/Issuance of Preferred represents cash inflow from issuance of preferred stock.
Other Operating Expense represents operating expenses disclosed that have no standard identification. It is used for items not typically related to standard operating activities.
Securities/Indebtedness of Related Party represents securities of, or lending to, related parties, where such related parties include officers, directors, or employees, but not affiliated companies. Due to the relationship between a parent company and its affiliated companies, transactions between the two are delineated from other transactions.
Common Stock, Net represents the sum of Sales/Issuance of Common and Repurchase/Retirement of Common.
Property & Other Taxes represents property taxes and other indirect taxes other than income taxes for the utility sector. It may include fees for licenses and other business regulations to government agencies.
Deferred Policy Acquisition Costs represents varying costs related to the acquisition of insurance contracts that are deferred and amortized over the respective policy terms.
Other Long-Term Assets, Total represents the sum of:
Deferred Charges
Pension Benefits – Overfunded
Deferred Income Tax – Long-Term Asset
Discontinued Operations – Long-Term Asset
Restricted Cash – Long-Term
Other Long-Term Assets.
Repurchase/Retirement of Common represents cash outflow on the repurchase of common stock (increase in treasury stock) or the reduction of capital.
Loss (Gain) on Sale of Assets – Operating reflects the excess of sale proceeds over the net book value (purchase price less accumulated depreciation) of a fixed asset. The disposal of assets not only includes the sale, but also exchange or abandonment.
Sale/Issuance of Common represents cash inflow from the issuance of common stock. It also includes cash inflow from the sale of treasury shares.
Minimum Pension Liability Adjustment represents gains or losses realized from maintaining the minimum amount of liability necessary for pension liability on the balance sheet to equal the unfunded accumulated benefit obligation. Minimum Pension Liability Adjustment is defined as a part of comprehensive income by SFAS 130.
Other Long-Term Assets includes:
Advances to distributors/officers/employers
Cash surrendered
Customer deposits (long-term)
Prepaid expenses (long-term)
Security deposits (i.e., for renting)
Unpaid capital/subscriptions receivable.
Cash Dividends Paid represents cash dividends paid to shareholders, which is the sum of Cash Dividends Paid – Common and Cash Dividends Paid – Preferred.
Unrealized Losses (Gains) represents paper gains and losses on available-for-sale securities. Unrealized Losses (Gains) is defined as a part of comprehensive income by SFAS 130.
Restricted Cash – Long-Term represents cash or cash equivalents that are prepared for specific purposes, subject to long-term restrictions, and not readily available for operational uses. When a company does not delineate between current and non-current assets, all restricted cash is classified as Restricted Cash – Long-Term.
Cash Dividends Paid – Preferred represents cash dividends paid to preferred stockholders. This amount may be different from the preferred dividends declared in the same period.
Foreign Currency Translation Adjustment represents the adjustment required when a company has a foreign subsidiary that conducts business in its local currency, and then translates its figures into that of the currency of the parent company. Foreign Currency Adjustment is defined as a part of comprehensive income by SFAS 130.
Discontinued Operations – Long Term Asset represents long-term assets of discontinued operations. Such assets in discontinued operations may be subject to disposition in the future or deployed for other operations. When a company does not delineate between current and non-current assets, all assets under discontinued operations are classified as Discontinued Operations – LT Asset.
Unusual Expense (Income) represents the sum of:
Purchased R&D Written-Off
Restructuring Charge
Litigation
Impairment – Assets Held for Use
Impairment – Assets Held for Sale
Other Unusual Expense (Income).
Cash Dividends Paid – Common represents cash dividends paid to common stockholders. This amount may be different from the dividends declared in the same period.
Deferred Income Tax – Long-Term Asset represents credits that are being applied to income taxes that will be paid in future years.
Financing Cash Flow Items represents the sum of:
Increase/decrease in Deposits
Increase/decrease in FHLB
Increase/decrease in Federal Funds Sold/REPOs
Other Financing Cash Flow.
Other Unusual Expense (Income) represents unusual expenses other than Restructuring Charge, Litigation, Impairment – Assets Held for Use, or Impairment – Assets Held for Sale.
Pension Benefits – Overfunded represents overfunded pension benefits. When a company uses the Defined Benefit Method, regularly funded pension contribution may generate gains such that the fair market value of plan assets exceeds the accumulated benefit obligation. These excess benefits remain on the balance sheet as Pension Benefits – Overfunded. The accumulated benefit obligation is the present value of pension benefits earned as of the balance sheet date based on current salaries.
Other Financing Cash Flow represents cash flow from financing activities other than the following items:
Increase/decrease in Deposits
Increase/decrease in FHLB
Increase/decrease in Federal Funds Sold/Securities Purchase Under Resale Agreement
Total Cash Dividends Paid
Issuance/Retirement of Stock, Net
Issuance/Retirement of Debt, Net

Other Financing Cash Flow Includes:
Increase/decrease in debt issue costs
Increase/decrease in financing costs
Increase/decrease in minority interest
Increase/decrease in advance to officers when reported as part of financing activities
Increase/decrease in customer advances when reported as part of financing activities
Increase/decrease in restructuring costs when reported as part of financing activities.
Impairment – Assets Held for Sale is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These items are assets that will be sold by the reporting company.
Investment Income, Non-Operating represents income, other than interest, from investment securities. Such income may include dividend income, gain/loss on sale of investment securities, equity earnings in affiliates, unconsolidated subsidiaries or joint ventures (before taxes), or any other investment income.
Accounts Payable represents balances owed to suppliers for materials and merchandise acquired on an open account.
Short Term Debt Issued represents cash inflow due to the issuance of short-term debt.
Interest Income, Non-Operating represents non-operating interest income, which is generated from non-operating investment securities such as certificates of deposit or bonds for non-financial service companies.
Issuance (Retirement) of Stock, Net represents the sum of:
Common Stock, Net
Preferred Stock, Net
Sale/Issuance of Common/Preferred
Repurchase/Retirement of Common/Preferred
Options Exercised
Warrants Converted
Treasury Stock.
Total Assets represents the total assets of a company, which is the sum of:
Total Current Assets – Industrial and Utility
Cash & Due From Banks – Banking only
Other Earning Assets, Total – Banking only
Net Loans – Banking only
Property/Plant/Equipment, Total – Net – all industries
Goodwill, Net – all industries
Intangibles, Net – all industries
Total Utility Plant, Net – Utility only
Long-Term Investments – all industries
Insurance Receivables – Insurance only
Notes Receivable – Long-Term
Industrial, Insurance, Utility
Other Long-Term Assets, Total – all industries
Deferred Policy Acquisition Costs – Insurance only
Other Assets, Total – all industries.
Other Assets, Total represents the sum of:
Securities/Indebtedness of Related Party – Insurance only
Accrued Investment Income – Insurance only
Reinsurance – Assets – Insurance only
Separate Accounts – Assets – Insurance only
Interest Receivable – Banking only
Other Real Estate Owned – Banking only
Other Assets for all industries.
Interest Expense, Net Non-Operating represents Interest Expense, Non-Operating, reduced by Interest Capitalized, Non-Operating, and is usually a negative value.
Treasury Stock represents the repurchase of a company’s common stock for specific corporate purposes.
Interest Capitalized, Non-Operating represents interest charges deferred to the company’s property, plant and equipment account, amortized over the life of the related assets. It is reported in the non-operating section of the company’s income statement.
Warrants Converted represents cash inflow on behalf of warrants converted, which results in an increase of common stock.
Other Assets represents assets not classified as:
Securities/Indebtedness of Related Party – Insurance only
Accrued Investment Income – Insurance only
Reinsurance – Assets – Insurance only
Separate Accounts – Assets – Insurance only
Interest Receivable – Banking only
Other Real Estate Owned – Banking only.
Interest Expense, Non-Operating represents interest expense on debt of nonfinancial service companies, including insurance companies. The interest expense may be actually paid or imputed on financing transactions. Interest Expense, Non-Operating is always a negative figure.
Options Exercised represents cash inflow due to stock options exercised, which results in an increase of common stock.
Other Real Estate Owned represents real estate owned by banks, but not for their own use. It includes Real estate foreclosed/repossessed and Real estate held for sale as an investment.
Operating Income represents the sum of:
Total Revenue
Total Operating Expense.
Repurchase/Retirement of Common/Preferred represents cash outflow on the repurchase or retirement of common and preferred stock.
Interest Receivable represents interest income accrued, but not yet received, on loans and other investments of commercial banks. Interest income is an integral part of operating revenues for in commercial banks.
Sale/Issuance of Common/Preferred represents cash inflow from the sale or issuance of common and preferred stock.
Total Operating Expense represents the sum of:

Industrial Company:
Cost of Revenue, Total
Selling/General/Administrative Expenses, Total
Depreciation/Amortization
Interest Expense (Income), Net – Operating
Unusual Expense (Income)
Other Operating Expenses, Total

Utility Company:
Cost of Revenue, Total
Selling/General/Administrative Expenses, Total
Depreciation/Amortization
Interest Expense (Income), Net – Operating
Unusual Expense (Income)
Other Operating Expenses
Fuel Expense
Operations & Maintenance

Insurance Company:
Selling/General/Administrative Expenses, Total
Depreciation/Amortization
Interest Expense (Income), Net – Operating
Unusual Expense (Income)
Other Operating Expenses, Total.
Separate Accounts – Assets represents assets of contra accounts for transactions on segregated funds. Segregated funds are established for an insurance company to manage certain investment assets on behalf of its clients. In managing such segregated funds, income from the funds is directly transferred to the clients and the insurance company earns commissions on managing such funds for customers.
Other Operating Expenses, Total represents the sum of:
Unrealized Losses (Gains)
Loss (Gain) on Sale of Assets – Operating
Property & Other Taxes
Other Operating Expense
Other, Net.
Preferred Stock, Net represents the sum of Sale/Issuance of Preferred and Repurchase/Retirement of Preferred.
Reinsurance – Asset represents receivables from reinsurers, where a company assumed risks on insurance policies ceded by other insurance companies.
Repurchase/Retirement of Preferred represents cash outflow from the repurchase or retirement of preferred stock.
Other, Net represents any other item reported as ordinary expenses without segregation between operating and non operating.
Accrued Investment Income represents investment income accrued, but not yet received. Investment income in insurance companies is an integral part of operating revenue.
Other Liabilities represent non-specified liabilities. Other Liabilities is utilized only when a company does not differentiate between current or non-current liabilities in the balance sheet.
Accounting Change represents three types of accounting changes:
A change from one generally accepted accounting principle to another generally accepted principle
A change that occurs as the result of new information or as additional information is acquired
A change from reporting as one type of entity to another type of entity.
Discontinued Operations – Liabilities represents long-term liabilities of discontinued operations.
Net Income Before Extraordinary Items represents net income before being adjusted by extraordinary items, such as:
Accounting Change
Discontinued Operations
Extraordinary Item
Taxes on Extraordinary Items
Other Long-Term Liabilities represents non-interest-bearing long-term liabilities other than:
Deferred Income Tax
Reserves
Pension Benefits – Underfunded

Other Long-Term Liabilities includes:
Liabilities subject to compromise
Negative goodwill (which may be reported as a retained earnings in the shareholders’ equity section).
Pension Benefits – Underfunded represents the valuation of a pension fund where there are insufficient funds to support expected liabilities.
U.S. GAAP Adjustment represents the disclosure by foreign companies using local accounting standards (or International Accounting Standards) to reconcile their local accounting net income to the U.S. equivalent net income.
Reserves represents an estimate of liabilities that have a good probability of arising.
Equity in Affiliates represents the share of earnings/losses that the company is entitled to from unconsolidated affiliated companies, but that has not been distributed as dividends.
Minority Interest represents accumulated interest for minority shareholders in subsidiaries that are less than 100 percent owned by the reporting parent company. The net worth of a subsidiary is assumed to be proportionally owned by parent company and other minority shareholders according to their respective ownership percentage.
Minority Interest represents the share of earnings/losses in subsidiaries that belongs to shareholders other than the parent company when the parent company owns less than 100%, but more than 50%, of a subsidiary. Since the subsidiary’s financials are consolidated with the company, this value will be a negative number to represent the amount the company does not own.
Income After Tax represents the sum of Income Tax – Total and Income Before Tax.
Deferred Income Tax represents the sum of Deferred Income Tax – Long Term Liability and Deferred Investment Tax Credit although Deferred Investment Tax Credit only has a value for utility companies.
Income Tax – Total includes all taxes on the basis of profits that may be owed to federal, state and/or foreign government. These taxes do not include regressive taxes, such as sales taxes or excise taxes to state and federal government.
Deferred Investment Tax Credit represents estimated tax credits on certain investments by utility companies, which may reduce future tax liabilities.
Deferred Income Tax – Long Term Liability represents estimated deferred income tax liabilities that are expected to come due beyond one year.
Income Before Tax represents the sum of Operating Income and the following items for all companies other than banks:
Interest Income (Expense), Net Non-Operating
Gain (Loss) on Sale of Assets
Allowance for Funds Used During Construction – Utility only
Other, Net

For banks, Net Interest Income After Loan Loss Provision is adjusted by the following items:
Non-Interest Income, Bank
Non-Interest Expense, Bank
Total Debt represents total debt outstanding, which includes:

For industrial, insurance, and utility companies:
Notes Payable/Short-Term Debt
Current Portion of Long-Term Debt/Capital Leases
Total Long-Term Debt.

For banks:
Total Deposits
Other (Interest) Bearing Liabilities, Total
Total Short-Term Borrowings
Current Portion of Long-Term Debt/Capital Leases
Total Long-Term Debt.
Other, Net represents the sum of:
Unrealized Gains (Losses)
Minimum Pension Liability Adjustment
Other Non-Operating Income (Expense).
Other Non-Operating Income (Expense) represents any non-operating income or expense item that a company reports before taxes that would not be classified as any of the following:
Components of Interest Income (Expense), Net Non-Operating
Gain/Loss Sale of Assets
Unrealized Gains/Losses
Minimum Pension Liability Adjustment.
Total Long-Term Debt represents the sum of:
Long-Term Debt
Capital Lease Obligations.
Minimum Pension Liability Adjustment represents gains or losses realized from maintaining the minimum amount of additional liability necessary for pension liability on the balance sheet to equal the unfunded accumulated benefit obligation.
Capital Lease Obligations represents the portion of lease obligations capitalized that are due beyond one year. Properties under lease may be capitalized when the lease period of certain asset is substantially close to the useful life of the asset. When such lease obligations are capitalized, the related asset is recorded as an asset of the company and subject to depreciation.
Unrealized Gains (Losses) represents unrealized gains on securities available-for-sale as a part of comprehensive income according to SFAS 130. It is located in the non-operating segment of a company’s income statement.
Long-Term Debt represents debt with maturities beyond one year. Long-Term Debt may consist of long-term bank borrowings, bonds, convertible bonds, etc.
Foreign Currency Translation Adjustment represents the adjustment required when a company has a foreign subsidiary that conducts business in its local currency, and then translates its figures into that of the currency of the parent company. It is located in the non-operating segment of a company’s income statement.
Total Current Liabilities represents current liabilities for industrial and utility companies. Current liabilities are liabilities that are incurred from operating activities and expected to be due within one year or an operating cycle of the company.
Common Stock, Total represents the sum of Common Stock and Limited Partner, where a company is either a limited partnership or stockholding.
Basic Weighted Average Shares represents the weighted average common shares outstanding less the dilution of stock options for a given period. These shares are used to calculate Basic EPS.
Income Available to Common Stocks Including Extraordinary Items represents net income available to common stockholders, including extraordinary items, and is used to calculate Basic EPS Including Extraordinary Items.
Limited Partner represents capital provided by limited partners. This is the equivalent of Common Stock in stockholding companies.
Common Stock represents the most frequently issued class of stock; usually it provides a voting right, but is secondary to preferred stock in dividend and liquidation rights. Common stockholders generally control the management of the corporation and tend to profit most if the company is successful, but are guaranteed neither dividends nor assets upon dissolution of their shares.
Income Available to Common Excluding Extraordinary Items represents net income available to common stockholders, not including the effect of extraordinary items, and is used to calculate Basic EPS Excluding Extraordinary Items.
Preferred Stock – Non-Redeemable, Net represents the sum of:
Preferred Stock – Non-Redeemable
Convertible Preferred Stock – Non-Redeemable
Treasury Stock – Preferred
General Partner.
Total Adjustments to Net Income represents the sum of:
Preferred Dividends
General Partners’ Distributions
Miscellaneous Earnings Adjustments
Pro Forma Adjustment
Interest Adjustment – Primary EPS.
General Partner represents, if any, equity ownership of general partnership in a company. Although public companies do not necessarily have general partner ownership, those with limited partnerships may have general partners, as well. Contributions by and distributions to general partners may be set according to the articles of partnership relationship.
Interest Adjustment – Primary EPS represents expected interest expense to be recovered from the conversion of convertible securities when such securities are included in the denominator for Primary EPS computation. The recoverable interest expense is compiled net of possible tax impacts.
Treasury Stock – Preferred represents preferred stock owned by the issuing company or its consolidated subsidiaries. Due to the nature of the shareholders’ equity section, Treasury Stock – Preferred is always a negative figure.
Pro Forma Adjustment represents an adjustment used to convert historical earnings to pro forma net income when a company goes public.
Convertible Preferred Stock – Non-Redeemable represents preferred stock that is not redeemable but convertible to common stock with certain conditions.
Miscellaneous Earnings Adjustment represents an adjustment applied to net earnings that is used to obtain a company’s calculated EPS.
Preferred Stock – Non-Redeemable represents non-redeemable/convertible preferred stock, usually with a fixed amount of dividend. Preferred stock usually has a fixed rate of dividend to the nominal value without any specific maturity. However, most nonredeemable preferred stock has redemption, voting and conversion clauses for certain conditions.
General Partners’ Distributions represents earnings distribution to general unlimited partners. An unlimited partner is engaged in the management of the company, and has unlimited legal responsibility for the debts and liabilities of the partnership
Redeemable Preferred Stock, Total represents the sum of Redeemable Preferred Stock and Redeemable Convertible Preferred Stock.
Preferred Dividends represents the total dollar amount of the current dividend requirement on issued preferred stock of a company (including its subsidiaries).
Redeemable Convertible Preferred Stock represents convertible preferred stock that is redeemable at maturity. The preferred stock may be converted into common stock under certain conditions at the predetermined ratio at the option of preferred stockholders. These shares are subject to mandatory redemption requirements or have a redemption feature that is outside the control of the issuer.
Net Income represents the sum of Net Income Before Extraordinary Items and Total Extraordinary Items.
Redeemable Preferred Stock represents preferred stock that has a fixed maturity and is redeemable on the maturity date.
Total Extraordinary Items represents the sum of:
Accounting Change
Discontinued Operations
Extraordinary Item
Tax on Extraordinary items.
Tax on Extraordinary Items represents the sum of tax impacts on extraordinary items listed in the following:
Accounting Change
Discontinued Operations
Extraordinary Item.
Total Liabilities represents the sum of:

For industrial and utility companies:
Total Current Liabilities
Total Long-Term Debt
Deferred Income Tax
Minority Interest
Other Liabilities, Total

For banks:
Accounts Payable
Payable/Accrued
Accrued Expenses
Total Deposits
Other (Interest) Bearing Liabilities, Total
Total Short-Term Borrowings
Current Portion of Long Term Debt/Capital Leases
Other Current Liabilities, Total
Total Long-Term Debt
Deferred Income Tax
Minority Interest
Other Liabilities, Total

For insurance companies:
Accounts Payable
Payable/Accrued
Accrued Expenses
Policy Liabilities
Notes Payable/Short-Term Debt
Current Portion of Long Term Debt/Capital Leases
Other Current Liabilities, Total
Total Long-Term Debt
Deferred Income Tax
Minority Interest
Other Liabilities, Total.
Extraordinary Item represents events and transactions that are distinguished by their unusual nature, by the infrequency of their occurrence, and the materiality of their impact on the earnings of the company.
Other Liabilities, Total represents the sum of:
Reserves
Pension Benefits – Underfunded
Other Long-Term Liabilities
Discontinued Operations – Liabilities
Other Liabilities.
Discontinued Operations represents the gain or loss from the sale of divisions of a business that have been sold or written off by the company. In order to classify such a sale or write-down as a discontinued operation, the company may no longer be engaged in the activity (such as producing products in the same product line) that it has discontinued.
Amortization of Intangibles represents systematic charges to expenses over the useful lives of assets that lack physical existence.
Other Short-Term Borrowings represents short-term borrowings other than Commercial Paper or Federal Funds Purchased/Securities Sold Under Repurchase Agreement.
Depreciation Expense represents depreciation expenses of tangible fixed assets of a bank.
Commercial Paper represents short-term unsecured promissory notes issued to customers. This is generally discounted by customers. It includes Bankers’ acceptances, bank overdrafts, drafts payable, demand notes payable.
Labor & Related Expenses consists of expenses paid to employees of a bank in the form of salaries, wages, fees, benefits or any other form of compensation when such expenses are separately reported from the rest of selling, general and administrative expenses.
Federal Funds Purchased/Securities Sold Under Repurchase Agreement represents funds acquired from a financial institution for a limited period of time to cover reserve requirements. Although the results are the same, the providers of the varying resources are different. Federal Funds Purchased are short-term loans to other depository financial institutions without any collateral, provided by Federal Reserve banks, usually at the Federal Funds rate. These may be considered wholesale loans to other banks. Securities Sold Under Repurchase Agreement are securities purchased on a temporary basis from other financial institutions with a pre-set selling price within a short period of time.
Other (Interest) Bearing Liabilities, Total represents interest-bearing liabilities other than Total Deposits and Total Short-Term Borrowings in banks. Other (Interest) Bearing Liabilities, Total is the sum of:
FHLB Advances
Acceptances Outstanding
Other (Interest) Bearing Liabilities.
Non-Interest Income – Bank represents the sum of:
Fees & Commissions From Operations
Commissions/Fees From Securities Activities
Insurance Commissions, Fees & Premiums
Credit Card Fees
Fees for Other Customer Services
Real Estate Operation Gain
Dealer Trading Account Profit
Investment Securities Gains
Foreign Currency Gains
Unrealized Gains
Minimum Pension Liability Gain
Other Unusual Income
Other Revenue
Other Revenue represents non-interest income from banking other than following items:
Fees & Commissions From Operations
Commissions/Fees From Securities Activities
Insurance Commissions, Fees & Premiums
Credit Card Fees
Fees for Other Customer Services
Real Estate Operation Gain
Dealer Trading Account Profit
Investment Securities Gains
Foreign Currency Gains

Other Revenue includes:
Fees for data processing
Gain on sale of loans/mortgage loans
Gain on sale of foreclosed real estate.
Other (Interest) Bearing Liabilities represents interest-bearing liabilities in a commercial bank and includes:
Advance payments from borrowers
Escrow deposits, mortgage escrow
ESOP debts/loans.
Other Unusual Income represents unusual comprehensive income other than Unrealized Gains and Minimum Pension Liability Gain when a company reports gains of comprehensive income separately from losses of comprehensive income.
Acceptances Outstanding represents contingent liabilities that result from transactions mediated by a bank on behalf of customers. The mediating bank may earn fees on mediation or marginal gains/losses on such transactions.
Minimum Pension Liability Gain represents gains realized from maintaining the minimum amount of additional liability necessary for pension liability on the balance sheet to equal the un-funded accumulated benefit obligation. Such adjustment is defined as a part of comprehensive income, according to SFAS 130.
FHLB Advances represents advances/borrowings and capital provided by Federal Home Loan Banks (FHLB), where FHLB is a cooperative financial institution that mainly provides funding to other financial institutions for housing, small business, rural development and agriculture
Unrealized Gains represents unrealized gains on securities available-for-sale as a part of comprehensive income according to SFAS 130.
Total Deposits represents the sum of:
Non-Interest Bearing Deposits
Interest Bearing Deposits
Other Deposits.
When a company reports its deposits without any delineation between interest-bearing and non-interest-bearing, or if the deposits are delineated in a manner other than interest-bearing/non-interest-bearing, deposits are classified as Total Deposits
Net Cash – Ending Balance represents the sum of Net Change in Cash and Net Cash – Beginning Balance. This value will be the ending balance of cash and cash equivalents of the current fiscal period, with exceptions in certain cases where there are changes in the scope of businesses consolidated.
Foreign Currency Gains represents gains on trading foreign currencies. Foreign Currency Gains, which is treated as operating revenue for financial service companies, is differentiated from Foreign Currency (Translation) Adjustments as a part of comprehensive income.
Other Deposits represents deposits not classified as Non-Interest Bearing Deposits or Interest Bearing Deposits.
Net Cash – Beginning Balance represents the beginning balance of cash and cash equivalents, as defined by a company. This is the ending balance of cash and cash equivalents of the previous fiscal period, with exceptions for certain cases when there are changes in the scope of businesses consolidated. The only situation in which this would vary is the restatement of the cash flow for the previous fiscal period.
Investment Securities Gains represents gains on the sale of investment securities. A commercial bank may be restricted to investing in certain types of securities, but subsidiaries of the bank may be in many different businesses, including investment banking and brokerages.
Interest Bearing Deposits represents deposits that bear interest, such as savings accounts or time deposits. It includes:
Savings accounts
NOW accounts
Money market accounts
Passbook deposits
Time deposits, certificates of deposit.
Net Change in Cash represents the sum of:
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Foreign Exchange Effects.
Dealer Trading Account Profit represents profits on trading securities when a bank is engaged in securities brokerage services through its subsidiaries. Trading securities may include derivative securities, government securities, fixed income securities, and equity securities.
Non-Interest Bearing Deposits represents deposits with no interest accrual or with minimal interest earning, which are often known as demand deposits and used for checking accounts. Checking accounts with minimal interest payments, such as NOW accounts, may be considered demand deposits and may be included in Non-Interest Bearing Deposits by some banks.
Policy Liabilities represents total liabilities related to the insurance operations of an insurance company, and represents the sum of:
Policy Liabilities
Insurance Liabilities
Unearned Premium/Unearned Revenue
Repurchase Agreements
Separate Accounts – Liability
Other Policyholders’ Funds
Reinsurance – Liability.
Foreign Exchange Effects represents the increase/decrease in cash and cash equivalents due to changes in exchange rates.
Other Current Liabilities, Total represents the sum of:
Dividends Payable
Customer Advances
Security Deposits
Income Taxes Payable
Other Payables
Deferred Income Tax – Current Liability
Discontinued Operations – Current Liability
Other Current Liabilities.
Non-Interest Expense, Bank represents the sum of:
Labor & Related Expenses
Depreciation Expense
Amortization of Intangibles
Amortization of Acquisition Costs Real Estate Operation Expense
Dealer Trading Account Loss
Investment Securities Losses
Foreign Currency Losses
Unrealized Losses
Minimum Pension Liability Loss
Litigation Expense
Restructuring Charge
Other Unusual Expense
Other Expense
Other Expense represents non-interest expense from banking other than the following items:
Labor & Related Expenses
Depreciation Expense
Amortization of Intangibles
Amortization of Acquisition Costs
Real Estate Operation Expense
Dealer Trading Account Loss
Investment Securities Losses
Foreign Currency Losses
Other Current Liabilities represents current liabilities other than:
Dividends Payable
Customer Advances
Security Deposits
Income Taxes Payable
Other Payables
Deferred Income Tax – Current Liability
Discontinued Operations – Current Liability
When liabilities of a company are not delineated between current and non-current, all other liabilities are classified in the non-current section as Other Liabilities.
Restructuring Charge represents expenses associated with the reorganization of certain functions, regrouping of divisions or closing of a facility/branch. These expenses may include the consolidation of divisions, relocation of facilities and/or employees, and employee termination costs.
Discontinued Operations – Current Liability represents current liabilities of discontinued operations. Although liabilities of discontinued operations may qualify as a part of current liability of continuing operations, such liabilities are delineated between current and non-current portions by a company, and they are compiled as reported by the company.
Other Unusual Expense represents unusual expenses other than Restructuring Charge and Litigation.
Deferred Income Tax – Current Liability represents income taxes estimated and expected to be paid within one year or an operating cycle, whichever is longer. When liabilities of a company are not delineated between current and non-current, all deferred income tax liabilities are classified in the noncurrent section as Deferred Income Tax – Long Term Liability.
Litigation Expense represents unusual litigation expenses that are not part of the company’s day-to-day operating activities, such as litigation settlements, lawsuits, etc. Litigation Expense may include fees for lawyers, as well as settlement charges.
Other Payables represents current payables other than Dividends Payable and Income Taxes Payable. These payables are expected to mature within one year or an operating cycle, whichever is longer.
Other Payables includes Payables/due to employees, shareholders, officers, directors (other than loans, dividends).
Minimum Pension Liability Loss represents losses realized from maintaining the minimum amount of additional liability necessary for pension liability on the balance sheet to equal the unfunded accumulated benefit obligation. Such adjustment is defined as a part of comprehensive income, according to SFAS 130.
Income Taxes Payable represents income taxes payable to the government, where such tax liability is already confirmed in terms of amount and payable date. Income Taxes Payable is different from Deferred Income Tax – Current Liability, which is an estimated liability.
Unrealized Losses represents unrealized losses on securities available-for-sale as a part of comprehensive income according to SFAS 130.
Security Deposits represents security deposits received for the purpose of offsetting potential losses due to damage of either a physical or intellectual nature or for rights of usage.
Foreign Currency Losses represents losses on the trading of foreign currencies. Foreign Currency Losses, as a reduction of operating revenue for financial service companies, is differentiated from Foreign Currency (Translation) Adjustments as a part of comprehensive income.
Customer Advances represents advances received from customers, for goods or services expected to be delivered within the following fiscal year.
Investment Securities Losses represents losses on the sale of investment securities. A commercial bank may be restricted to investing in certain types of securities, but subsidiaries of the bank may be in many different businesses, including investment banking and brokerages.
Dividends Payable represents dividends that are declared but not yet paid to shareholders of common and preferred stock. Although dividends declared are subject to approval by shareholders, companies normally recognize the liabilities when declared by the board of directors.
Dealer Trading Account Loss represents losses on trading securities when a bank is engaged in securities brokerage services through its subsidiaries. Trading securities may include derivative securities, government securities, fixed income securities, and equity securities.
Current Portion of Long Term Debt/Capital Leases represents the portion of a long-term debt instrument that is due within the following fiscal year.
Reported Cash from Financing Activities represents the company’s as reported value for total cash received from financing activities within their financial report.
Real Estate Operation Expense represents expenses on rentals and losses from the sale of operating real estate.
Notes Payable/Short-Term Debt represents short-term bank borrowings and notes payable that are issued to suppliers.
Reported Cash from Investing Activities represents the company’s as reported value for total cash received from investing activities within their financial report.
Amortization of Acquisition Costs represents the excess of purchase price over tangible and other intangible assets acquired less liabilities assumed arising from business acquisitions. Amortization of goodwill consists of the periodic reduction of the premium paid in the acquisition of an entity over the fair market value of its identifiable tangible and intangible assets.
Total Short-Term Borrowings represents total short-term borrowings of a bank, which are the sum of:
Commercial Paper
Other Short-Term Borrowings.
When a company does not delineate between commercial paper and short term borrowings, total short-term borrowings are recorded in one line and classified as Total Short-Term Borrowings.
Reported Cash from Operating Activities represents the company’s as reported value for total cash received from operating activities within their financial report.
Other Revenue represents revenue that is not otherwise classified from the main operating activities of a company. Although “other” items reported by a company may be clearly identifiable as a part of Net Sales, some items that may not be clearly related to the main operating activity of a company are included in Other Revenue. Revenue of a subsidiary whose business is different from that of its parent company is classified as Other Revenue as well.
Federal Funds Sold/Securities Purchased Under Resale Agreement represents funds provided to a financial institution for a limited period of time to cover reserve requirements.
Taxes Payable represents changes in taxes payable during the period. An increase in income taxes payable has a positive impact on cash flow from operating activities, and vice versa.
Other Revenue, Total represents the sum of:
Other Non-Utility Revenue
Other Non-Insurance Revenue
Interest Income
Non-Bank
Other Revenue.
Trading Account Assets represents the balance of trading account assets. Trading securities is the core operating activity of securities brokerage houses. Trading account securities may consist of derivative contracts, treasury securities, fixed income securities, equity securities, etc.
Other Liabilities represents changes in other liabilities during the period. An increase in other liabilities has a positive impact on cash flow from operating activities, and vice versa.
Total Revenue represents revenue from all of a company’s operating activities after deducting any sales adjustments and their equivalents.
FHLB Stock represents loans and other investments to Federal Home Loan Banks (FHLB). FHLB is a cooperative financial institution that mainly provides funding to other financial institutions for housing, small business, rural development and agriculture. Funds are provided by cooperative financial institutions, and such funds are redistributed for community development and housing in rural areas.
Purchased Power represents the cost of purchased power, generally for electric utility companies.
Other Assets & Liabilities, Net represents the changes in the combined sum of assets and liabilities when a company reports these totals as a single line. If the value of the assets is greater than the value of the liabilities, the result has a negative impact on cash flow, and vice versa.
Other Short-Term Investments represents short-term investments other than the following items:
Interest-Earning Deposits
Federal Funds Sold/Securities Purchased Under Resale Agreement
Trading Account Assets
FHLB Stock
Fuel Purchased for Resale represents the cost of gas purchased for resale by gas utility companies.
Other Operating Cash Flow represents the impact of other operating cash flow items that cannot be classified as an adjustment item to net income, or an asset/ liability as part of changes in non-cash working capital.
Securities Held represents securities held to maturity, reported according to SFAS 115, Accounting for Certain Investments in Debt and Equity Securities. Securities Held mostly consists of debt securities, usually valued at amortized cost.
Cost of Revenue includes all costs that can be directly attributable to the goods and services produced/purchased and sold.
Investment Securities, Gains/Losses represents a reversal of gains/losses on the sale of investment securities for banks and insurance companies. Although investments in securities other than investments in affiliated companies qualify as operating assets for banks and insurance companies, changes in such items are reported as investing activities, and gains/losses on the sale of such investments are reported as an elimination of gains/losses in the operating section.
Securities for Sale represents securities available for sale, reported according to SFAS 115, Accounting for Certain Investments in Debt and Equity Securities. Securities Available for Sale are valued at fair market value.
Securities for Sale includes:
Mortgage-backed securities, if not specified for sale or held to maturity
Investment securities, if not specified for sale or held to maturity, but not including investments in affiliates
Excise Taxes Payments represents excise taxes and any other taxes collected from customers on behalf of governing authorities and paid to the authorities. Excise Taxes Payment is used only when the company does not disclose the payment in its revenue section. If this payment is disclosed in the revenue section, Excise Tax Receipts is used.
Loans, Gains/Losses represents a reversal of gains/losses on the sale of loans by a bank. Loans to customers are usually considered operating assets for commercial banks.
Total Investment Securities represents total investment securities, reported according to SFAS 115, Accounting for Certain Investments in Debt and Equity Securities, which is the sum of:
Securities Held (to Maturity)
Securities (Available) for Sale
Other Real Estate Owned represents a reversal of gains/losses on the sale of other real estate owned. It is utilized to avoid double counting of such cash flow, where changes in other real estate are reported in Foreclosed Real Estate or Other Investing Cash Flow.
Cost of Revenue, Total represents total operating expenses directly related to the goods sold and services provided.
Loans Held for Sale represents loans held for sale, rather than held for management. Banks may provide loans to customers, but sell some of them to other financial institutions, instead of holding them until their maturities. Such loans held for sale may temporarily stay in Loans Held for Sale.
Cash Interest Paid represents interest paid in cash during the period. Cash Interest Paid is utilized when the Direct Method is employed for the operating section of the cash flow statement. When a company uses the Indirect Method, this information is classified as Cash Interest Paid and compiled in the supplemental section of the cash flow statement.
Unbilled Utility Revenue represents electricity or gas consumed by customers but not yet billed to them by utility companies.
Loan Loss Provision represents noncash expenses for possible defaults of loans by customers. Such non-cash expenses are reversed to make adjustments to net income to isolate cash flow from operating activities under the Indirect Method.
Other Interest Income represents interest income earned on items other than the following: Interest & Fees on Loans, Interest & Dividends on Investment Securities, Federal Funds Sold/Securities Sold Under Resale Agreement, Interest on Deposits, and Trading Account Interest.
Deferred Gas Cost represents the cost of gas already consumed but not yet charged to consumers.
Accounts Receivables represents changes in accounts receivable during the period. An increase in accounts receivable has a negative impact on cash flow from operating activities, and vice versa.
Other Non-Bank Income includes: Rental income from access space of a banking premise or from rental property as an investment, and Insurance premiums taken by an insurance subsidiary of a commercial bank.
Discontinued Operations – Current Assets represents current assets of discontinued operations.
Inventories represents changes in inventories during the period. An increase in inventories has a negative impact on cash flow from operating activities, and vice versa.
Trading Account Interest represents interest earned on trading account securities. Trading securities may consist of derivative contracts, treasury securities, fixed income securities, equity securities, etc.
Other Current Assets, a component of Other Current Assets, Total, represents assets other than:
Restricted Cash/Investments – Current
Deferred Income Tax – Current Assets
Unbilled Utility Revenue – Utility only
Deferred Gas Cost – Utility only
Discontinued Operations – Current Assets.
Prepaid Expenses represents changes in prepaid expenses during the period. An increase in prepaid expenses has a negative impact on cash flow from operating activities, and vice versa.
Interest Income, Bank is composed of:
Interest & Fees on Loans
Interest & Dividends on Investment
Securities, Federal Funds Sold/Securities Purchased Under Resale Agreement
Interest on Deposits
Other Interest Income
Trading Account Interest
Other Non-Bank Income.
Other Assets represents changes in other assets during the period. An increase in other assets has a negative impact on cash flow from operating activities, and vice versa.
Other Non-Utility Revenue represents revenue from activities that are either non-regulated or non-utility regulated. When a company reports a single-step income statement, income from non-operating activities is reported as part of revenue and included in Other Non-Utility Revenue.
Other Current Assets, Total is the sum of:
Restricted Cash – Current
Deferred Income Tax – Current Assets
Unbilled Utility
Revenue – Utility only
Deferred Gas Cost – Utility only
Discontinued Operations – Current Assets
Other Current Assets.
Total Current Assets is the sum of:
Cash and Short Term Investments
Total Receivables, Net
Total Inventory
Prepaid Expenses
Other Current Assets, Total.
Accounts Payable represents changes in accounts payable during the period. An increase in accounts payable has a positive impact on cash flow from operating activities, and vice versa.
Other Non-Insurance Revenue represents income from operating activities other than the insurance business for insurance companies. Revenue from operating activities of noninsurance subsidiaries in an insurance company is classified as Other Non-Insurance Revenue where most such subsidiaries are engaged in banking businesses.
Cash & Due From Banks represents cash on hand and due from banks. Due from banks represents receivables from, or short-term loans to, other banks and/or financial institutions, which usually bear minor interest earnings.
Accrued Expenses represents changes in accrued expenses during the period. An increase in accrued expenses has a positive impact on cash flow from operating activities, and vice versa. When not delineated separately, Accrued Expenses is classified as Accounts Payable/Accrued.
Interest Income, Non-Bank represents the revenue received from interest-bearing obligations held by a company.
Interest-Earning Deposits represents interest-earning deposits with other banks and financial institutions. Subsidiaries of a commercial bank may have deposits with other banks and financial institutions, which are classified as Interest-Earning Deposits.
Payable/Accrued represents changes in accounts payable and accrued expenses during the period when a company does not delineate the two components. An increase in accounts payable and accrued expenses has a positive impact on cash flow from operating activities, and vice versa. Payable/Accrued is utilized when a company does not delineate between Accounts Payable and Accrued Expenses.
Loan Loss Provision represents provisions established for possible defaults by customers on loans from a financial institution. Reserves for possible loan losses are established on loans outstanding on the basis of country risks, industry risks and specific risks of groups of borrowers. When a borrower is in default, the allowance is reduced and replenished in the following fiscal period, which is accounted for in Loan Loss Provision.
Insurance Reserves represents changes in insurance reserves, such as reserves for claims and losses or reserves for benefits to policyholders, during the period. An increase in insurance reserves has a positive impact on cash flow from operating activities, and vice versa.
Land/Improvements – Gross represents land and improvements on land at acquisition cost. Land is not depreciated, but land improvements are normally depreciated over time. It includes Improvements in land (subject to depreciation).
Unearned Premiums represents changes in reserve for unearned premiums during the period. An increase in unearned premiums has a positive impact on cash flow from operating activities, and vice versa.
Net Interest Income After Loan Loss Provision represents net gains from loan operations over capital costs for the loans provided after considering expected Loan Loss Provision expenses. It is computed as Interest Income, Bank less Total Interest Expense less Loan Loss Provision.
Machinery/Equipment – Gross represents the acquisition cost of machinery and other equipment (including delivery equipment, office equipment, machinery, furniture and fixtures, furnishings, factory equipment, tools, etc.) in a company, before being reduced by accumulated depreciation.
Losses, Benefits, and Adjustments represents losses paid to policyholders, loss adjustment expenses, and benefits to life policyholders as expenses to insurance policies. Loss adjustment expenses represent expenses for the investigation of designated events that happened, estimation of losses, and any other activity after the event until the payment of claims.
Changes in Working Capital represents the sum of:
Loan Loss Provision (for banks)
Accounts Receivable (for insurance companies, industrial companies and utility companies)
Prepaid Expenses (for insurance companies and utility companies)
Other Assets (for banks, insurance companies and utility companies)
Accounts Payable (for insurance companies, industrial companies and utility companies)
Accrued Expenses (for insurance companies, industrial companies and utility companies)
Payable/Accrued (for banks, insurance companies, industrial companies and utility companies)
Taxes Payable (for banks, insurance companies, industrial companies and utility companies)
Other Liabilities (for banks, insurance companies, industrial companies and utility companies)
Other Assets & Liabilities, Net (for banks, insurance companies, industrial companies and utility companies)
Investment Securities, Gains/Losses (for banks and insurance companies)
Loans, Gains/Losses (for banks)
Other Real Estate Owned (for banks)
Sale of Loans (for banks)
Loss Adjustment (for insurance companies)
Policy Benefits/Liabilities (for insurance companies)
Deferred Policy Acquisition Costs (for insurance companies)
Policy Refunds (for insurance companies)
Reinsurance Receivable (for insurance companies)
Reinsurance Payable (for insurance companies)
Insurance Reserves (for insurance companies)
Unearned Premiums (for insurance companies)
Construction in Progress – Gross represents the cost of construction in progress of fixed assets for a company’s own use. The cost of construction in progress is normally not depreciated until the fixed assets are completed and placed in production.
Underwriting & Commissions represents the commissions received for underwriting insurance policies from policyholders or other insurance companies. Underwriting is the process of selling a guaranteed cash payment in the event of a loss or casualty. Commissions are service charges assessed by an agent in return for arranging the purchase of insurance.
Cash From Operating Activities represents the sum of:
Net Income/Starting Line
Depreciation/Depletion
Amortization
Deferred Taxes
Non-Cash Items
Cash Receipts
Cash Payments
Cash Taxes Paid
Cash Interest paid
Changes in Working Capital.
Leases – Gross represents properties leased/rented to outside customers. It also includes tenant improvements.
Expenses Recovered from Reinsurers represents the portion of expenses recovered from the external insurance companies, in relation to insurance that have been reassigned to other insurance providers. This is a negative figure that reflects a reduction in the total losses incurred by the insurance company.
Purchase of Fixed Assets is commonly referred to as Capital Expenditures. Capital Expenditures encompass all expenditures for factories and equipment that have a useful life of more than one year. These expenditures are not treated as an expense on the income statement when they are incurred. Rather, they are capitalized, meaning that they are expensed over time.
Natural Resources – Gross represents the acquisition cost of natural resources that are subject to depletion for their consumption. It may include timberlands, oil reservoirs, as well as mineral extraction rights on properties.
Purchase/Acquisition of Intangibles represents cash outflow on acquisition of intangibles.
Losses, Benefits, and Adjustments, Total represents the sum of:
Losses, Benefits, and Adjustments
Underwriting & Commissions.
Other Properties/Plant/Equipment – Gross represents gross property, plant, and equipment, other than those included in the following items:
Buildings – Gross
Land/Improvements – Gross
Machinery/Equipment – Gross
Construction in Progress – Gross
Leases – Gross
Natural Resources – Gross.
Amortization of Policy Acquisition Costs represents policy acquisition costs that are capitalized and amortized over the contractual period of the underlying policy.
Software Development Costs represents costs accumulated and capitalized for software development.
Property/Plant/Equipment, Total – Gross, when fixed assets are reported before depreciation but without detailed delineation, represents the sum of:
Buildings – Gross
Land/Improvements – Gross
Machinery/Equipment – Gross
Construction in Progress – Gross
Leases – Gross
Natural Resources – Gross
Other Property/Plant/Equipment – Gross.
Selling/General/Administrative Expense represents all of the costs of operating a business other than the costs of readying a product for sale. Individual expenses included in Selling/General/Administrative Expense may vary depending on the nature of business of a company, but they cover expenses related to selling and marketing activities, general activities that serve many different departments, and administrative activities.
Capital Expenditures represents the sum of:
Purchase of Fixed Assets
Purchase/Acquisition of Intangibles
Software Development Costs.
Accumulated Depreciation, Total represents an aggregate of accumulated depreciation to each of the fixed assets, if any, included in the following items:
Buildings – Gross
Land/Improvements – Gross
Machinery/Equipment – Gross
Construction in Progress – Gross
Leases – Gross
Natural Resources – Gross
Other Property/Plant/Equipment – Gross.
Loans Origination – Operating represents an increase in loans to customers when such loans to customers are treated as operating assets by a bank.
Gross Profit represents a measure of a company’s operating performance. Gross Profit states the profits earned directly from a company’s revenues and direct costs.
Other Earning Assets includes:
Investments in life insurance policies
Real estate investments.
Fuel Expense represents costs of fuel used for generating electricity, water, or steam for distribution by utility companies.
Sale of Loans represents a decrease in loans to by a bank to its customers. These loans to customers are treated as operating assets by a bank.
Customer Acceptances represents contingent assets that result from transactions mediated by a bank on behalf of customers. The mediating bank may earn fees on mediation or marginal gains/losses on such transactions.
Operations & Maintenance represents costs for operations and maintenance of power generating plants by electric utility companies, and maintenance of distribution facilities by utility companies. A significant portion of Operations & Maintenance may represent depreciation and maintenance of local distribution facilities such as power lines and gas pipelines.
Loss Adjustment represents reversal of non-cash expenses of estimated losses on unreported cases and cases that have been reported, but are still being processed.
Interest on Deposit represents interest paid on deposits from customers. Types of deposits may include demand/checking deposit, non-interest-bearing/interest-bearing deposits, savings deposits, money market accounts, NOW accounts, time deposit accounts, and certificates of deposit.
Policy Benefits/Liabilities represents changes in reserves for future policy benefits. Reserves for life and other policies are estimated on the basis of various actuarial factors.
Other Earning Assets, Total represents earning assets other than loans to customers. It consists of the following items:
Interest-Earning Deposits
Federal Funds Sold/Securities Purchased Under Resale Agreement
Trading Account Assets
FHLB Stock
Total Investment Securities
Loans Held for Sale
Other Earning Assets
Customer Acceptances.
Total Gross Loans represents the nominal value of loans to customers. Loans to customers may be further delineated in various categories, such as by customers (consumer or industrial), by maturity (short-term or long-term), or by underlying securities (secured or not secured), either on the balance sheet or in a footnote to the financial statement.
Interest on Other Borrowings represents interest paid for borrowings by banks. Although commercial banks mostly rely on capital from deposits from customers, such banks may issue notes and bonds as long-term capital resources. This interest paid on notes and bonds is still considered an operating interest expense for banks.
Deferred Policy Acquisition Costs represents changes in deferred policy acquisition costs capitalized.
Loan Loss Allowances represents allowances accumulated for possible defaults on loans outstanding. The default rates are established according to regulations in the country and the Bank’s experience with each group of customers. The default risks are typified by country risk, industry risk, and risks on individual customers.
Federal Funds Purchased/Securities Sold Under Repurchase Agreement represents funds acquired from a financial institution for a limited period of time to cover reserve requirements. Although the results are the same, the providers of the varying resources are different. Federal Funds purchased are short-term borrowings from other depository financial institutions without any collateral, usually at the Federal Funds rate. These may be considered wholesale borrowings from other banks. Securities Sold Under Repurchase Agreement are securities sold on a temporary basis to other financial institutions with a pre-set buying price within a short period of time.
Policy Refunds represents the change in the refunding of policy assets and investment capital to policyholders. This can be the result of the cancellation of a policy or related to the policyholder accessing the investment component of the policy.
Unearned Income represents unearned interest income, where the nominal value of a loan includes prepaid interest income, and a portion of the prepaid interest income is not yet earned at the end of a fiscal period. As it is an asset account, Unearned Income is always classified as a negative figure.
Reinsurance Receivable represents changes in receivables from reinsurers during the period. An increase in reinsurance receivable has a negative impact on cash flow from operating activities, and vice versa.
Total Interest Expense represents total operating interest expense for financial institutions:
Interest on Deposits
Interest on Other Borrowings
Federal Fund Purchased/Securities Sold Under Repurchase Agreement.
Net Loans represents total loans to customers, reduced by possible default losses and unearned interest income. Reuters computes Net Loans by taking Total Gross Loans and subtracting:
Loan Loss Allowances
Unearned Interest.
Net Interest Income represents Interest Income, Bank, reduced by Total Interest Expense for banks. Net Interest Income indicates interest margins for financial institutions engaged in the lending and borrowing businesses. However, Net Interest Income is computed before consideration of Loan Loss Provision.
Reinsurance Payable represents changes in payables to reinsurers during the period. An increase in reinsurance payable has a positive impact on cash flow from operating activities, and vice versa.
Building – Gross represents the gross amount of buildings and their attachments, before being reduced by accumulated depreciation of the buildings. Building – Gross includes:
Properties (residential, commercial, office) for rent in a real estate rental company
Leased property under finance lease, including leasehold improvements on it, for own use.
Exploration & Production represents costs incurred in the exploration for and production of oil. Exploration & Production has been used historically, but is being discontinued.
Interest Expense, Net – Operating represents Interest Expense – Operating reduced by Interest Capitalized – Operating
Loans Origination – Investing represents cash inflow from increases in loans to customers, which may be directly originated from customers, or acquired from other loan originators.
Utility Plant, Net represents Utility Plant reduced by Utility Plant Accumulated Depreciation. Utility Plant is limited to the unique fixed assets that are employed for electric generation, distribution of electricity, gas, water, or any other regulated resources.
Loans represents changes in loans to customers for banks.
Interest Capitalized – Operating represents interest charges deferred to a company’s property, plants and equipment account, amortized over the life of the related assets. Interest Capitalized – Operating reflects only the portion of interest on an asset that is amortized during the fiscal period.
Utility Plant Accumulated Depreciation represents accumulated depreciation against Utility Plant. Accumulated depreciation included in Utility Plant Accumulated Depreciation should match that included in Utility Plant). Due to the nature of Utility Plant Accumulated Depreciation as a contra account to asset, Utility Plant Accumulated Depreciation is always a negative figure.
Intangible, Net represents changes in intangible assets. When a company does not delineate its purchase of intangibles and sale of intangibles, Intangible, Net is utilized.
Interest Expense – Operating represents interest expense for financial services subsidiaries of non-banking companies. In order to use Interest Expense – Operating, the subsidiaries must primarily be engaged in financial services other than insurance operations. Although the parent company is engaged in industrial, utility, or insurance businesses, the respective subsidiaries must be engaged in financial services in their day-to-day operations, including the provision of loans to customers.
Utility Plant represents the gross amount of fixed assets employed by utility companies in the production of the utility, such as electric plants, distribution facilities of electricity, gas or water, etc.
Depreciation/Amortization represents the sum of:
Depreciation
Amortization of Intangibles
Amortization of Acquisition Costs.
Sale of Intangible Assets represents cash inflow on the sale of intangible assets.
Intangibles, Net represents Intangibles, Gross reduced by Accumulated Intangible Amortization. Intangibles, Net is utilized when the company does not provide Intangibles, Gross. Intangibles consist of patents, copyrights, franchises, goodwill, trademarks, trade names, secret processes, and organization costs.
Principal Payments From Securities represents cash inflow from the repayment of securities that have been invested and have matured. It is utilized when principal repayments on securities are separately reported from the Sale of Investment.
Amortization of Acquisition Costs (also known as amortization of goodwill) represents the excess of purchase price over tangible and intangible assets acquired, less liabilities assumed arising from business acquisitions using the Purchase Method of accounting. Amortization of goodwill consists of the periodic reduction of the premium paid in the acquisition of an entity over the fair market value of its identifiable tangible and intangible assets.
Accumulated Intangible Amortization represents accumulated amortization against intangible fixed assets. Intangible fixed assets acquired are expensed over the useful life of each asset, and amortization of each intangible asset is included in Accumulated Intangible Amortization.
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Amortization of Intangibles represents the accounting process of allocating the cost of assets that lack physical existence over those periods expected to benefit from the use of these assets. These assets usually have a high degree of uncertainty concerning future benefits.
Intangibles, Gross consists of patents, copyrights, franchises, goodwill, trademarks, trade names, secret processes, and organization costs. Intangibles, Gross represents the gross amount of intangibles before being reduced by Accumulated Intangible Amortization. If the company reports a net figure, it is classified as Intangibles, Net.
Investment, Net represents changes in investments in securities. It is utilized when a company does not delineate the sale of investments and the purchase of investments on the cash flow statement.
Depreciation represents the accounting process of allocating the cost of tangible assets to expenses over those periods expected to benefit from the use of the assets.
Goodwill, Net represents Goodwill, Gross reduced by Accumulated Goodwill Amortization. When a company reports its goodwill, net of accumulated amortization, the net figure is directly assigned to Goodwill, Net and neither Goodwill, Gross nor Accumulated Goodwill Amortization is used. Goodwill, Net includes negative goodwill (reported as a part of total assets)
Sale/Maturity of Investment represents cash inflow on the sale of securities or repayment of securities matured.
Deferred Charges represents prepaid expenses other than for operations. Such expenses may be deferred and amortized in later years.
Federal Funds/REPOs represents an increase/decrease in cash flow due to changes in the level of Federal Funds Sold/Securities Purchased Under Resale Agreement.
Impairment – Assets Held for Use is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These assets are retained by the reporting company.
Notes Receivable – Long Term represents long-term notes receivable, excluding the current portion of the long-term receivables. When a company reports its assets without segregation between current and non-current, all notes receivable are classified as Notes Receivable – Long Term.
FHLB Borrowings represents an increase/decrease in cash flow due to changes in the level of borrowings from Federal Home Loan Banks (FHLB).
Litigation represents unusual litigation expenses. Litigation expenses may include fees for lawyers, or settlement charges. However, Litigation does not include standard business-related lawyers’ fees.
Insurance Receivables represents receivables from policyholders, agencies, and other operating parties in insurance companies, but excludes receivables from reinsurers.
Long-Term Investments represents the sum of LT Investments – Affiliate Companies and LT Investments – Other.
Deposits represents an increase/decrease in cash flow due to changes in the level of deposits from customers for banks.
Restructuring Charge is an unusual or non-recurring item related to a significant rearrangement of a company’s assets and/or liabilities. The restructuring may include discontinuing a line of business, closing plants, or making employee cutbacks. Restructuring Charge is reported as an expense before taxes.
Cash From Investing Activities represents the sum of:
Capital Expenditures
Other Investing Cash Flow Items, Total.
Purchased R&D Written-Off represents the write-off of purchased research and development (R&D).
Long-Term Investments – Other represents long-term investments with maturities of one year or longer. It also includes special funds such as pension funds.
Other Investing Cash Flow Items, Total represents the sum of:
Acquisition of Business
Sale of Business
Sale of Fixed Assets
Sale/Maturity of Investment
Purchase of Investments
Principal Payments From Securities
Sale of Intangible Assets
Intangible, Net
Loans
Loans Origination – Investing
Foreclosed Real Estate
Policy Loans
Other Investing Cash Flow.
Interest Expense (Income) – Net Operating represents the difference between interest income and any interest expense reported in the operating section.

Interest Income (Expense), Net Operating represents the sum of:
Interest Expense
Net Operating
Interest/Investment Income, operating.
LT Investment – Affiliate Companies represents long-term investment in securities (loans, bonds, and equity) of affiliate companies, where the affiliation may be defined as associated companies, joint ventures, and unconsolidated subsidiaries.
Total Utility Plant, Net represents Total Utility Plant reduced by Accumulated Depreciation.
Interest/Investment Income – Operating represents the sum of Interest Income – Operating and Investment Income – Operating.
Other Investing Cash Flow represents investing activities other than the following items:
Capital Expenditures
Acquisition of Business
Sale of Business
Sale of Fixed Assets
Sale/Maturity of Investment
Purchase of Investments
Principal Payments From Securities
Sale of Intangible Assets
Intangible, Net
Loans
Loans Origination – Investing
Foreclosed Real Estate
Policy Loans

Other Investing Cash Flow includes:
Long-term advances to related parties (affiliates, unconsolidated subsidiaries, joint ventures, officers, employees, etc.)
Cash from the sale of discontinued operations
Changes of cash in escrow/trust
Interest/dividends received from investments.
Policy Loans represents an increase/decrease in cash flow on changes in the total outstanding policy loans to policyholders during a period.
Investment Income – Operating represents investment income and losses, as well as dividend income received from invested assets. It may be reported as either a negative or a positive figure on the income statement.
Accumulated Depletion represents the accumulated value of erosion of land over its useful life. Accumulated Depletion has been used historically, but is being discontinued.
Foreclosed Real Estate represents an increase/decrease in cash flow due to foreclosed real estate for banks.
Interest Income – Operating is interest that is collected from an investment portfolio or invested securities. This amount is reported as a negative figure in the operating section of the income statement.
Other Insurance Revenue represents insurance-related revenue other than the following items: Net Premiums Earned, Net Investment Income, Realized Gains (Losses).
Inventories – Other represents inventories not classified as:
Inventories – Finished Goods
Inventories – Work-in-Progress
Inventories – Raw Materials (for manufacturing companies).
Purchased R&D represents non-cash expenses from amortization of purchased research and development expenses.
Premiums Ceded Out and Unearned represents reinsurance premium ceded out and changes in unearned premiums. This item serves as a contra account to Gross Premiums Written to obtain the Net Premiums Earned by an insurance company.
LIFO Reserve represents the difference between inventories computed under the FIFO (First In, First Out) and LIFO (Last In, First Out) methods.
Equity in Net Earnings/Loss represents a reversal of non-cash earnings/losses from investments under the Equity Method. For such investments, undistributed earnings/losses of the investee are included in the net income computation of the investor. Since the earnings are non-cash, these are reversed out of cash flow from operations.
Total Premiums Earned represents total insurance-related premiums proportionate to the amount of potential risk taken by a company. When a company reports its premiums earned in multiple lines on its income statement, the insurance premiums earned may be classified as Net Premiums Earned and/or Other Insurance Revenue.
Gas in Storage – Inventory represents gas in storage as inventory for gas utility companies. Gas in storage may also include gas in transit, when gas is transported either through a gas pipeline or by gas tankers.
Other Non-Cash Items represents noncash operating activities other than those included in:
Depreciation/Depletion
Amortization
Deferred Taxes
Accounting Change
Discontinued Operations
Extraordinary Items
Unusual Items
Purchased R&D
Equity in Net Earnings/Loss

Other Non-Cash Items also includes reversal of gains (losses) on the sale of fixed assets, which is intended to avoid double counting of gains/losses on the sale of noncurrent assets, such as fixed assets, long-term investments in securities, etc.
Net Investment Income represents total earned investment income of an insurance company, reduced by investment expenses directly related to investing activities. However, the investment income is limited to earnings on capital such as interest income, dividend income, etc., and does not include Realized Gains (Losses) on sale or Unrealized Gains (Losses) on valuation of such investments.
Fuel – Inventory represents fuel in storage as an inventory for electric utility companies. This is an important cost factor to electric power companies when oil prices are fluctuating in the global market.
Realized Gains (Losses) includes not only realized gains (losses) on investments, but also unrealized gains (losses) on trading securities. Unrealized gains and losses may also be reported separately in the non-operating section and classified as Unrealized Gains (Losses) for insurance companies.
Non-Cash Items represents the sum of:
Accounting Change
Discontinued Operations
Extraordinary Items
Unusual Items
Purchased R&D
Equity in Net Earnings/Loss
Other Non-Cash Items.
Total Inventory consists of all assets held for sale in the ordinary course of business or goods that will be used and/or consumed in the production of goods to be sold. Inventories may include raw material, work in progress and finished goods, although other categories of asset items may be classified as ‘Inventories’ depending upon the company’s business.
Cash Receipts represents total cash receipts from the sale of merchandise, delivery of services, or from any other operating activity. Because Cash Receipts indicates cash receipts during the period, it may be slightly different from the revenue of a company according to the Income/Expense Matching Accounting Principle. Cash Receipts is derived from total revenue, adjusted by changes in accounts receivable. Cash Receipts is utilized when the Direct Method is employed for the operating section of a cash flow statement.
Interest & Fees on Loans is generally the major source of income for the commercial banking business. Loans to customers are the most significant portion of investment assets in banking, where the loans may be inclusive of interbank loans. Fees related to loan transactions are not separated from interest income because typical loan contracts may set a lower interest rate when a higher initial fee is charged.
Prepaid Expenses represents goods or services that have already been purchased, but not fully consumed or used.
Cash Payments represents total cash disbursements for operating activities such as purchase of materials or merchandise, payments of salaries to employees, etc. Because Cash Payments indicates cash disbursements during the period, it may be slightly different from operating expenses of a company. Cash Payments is utilized when the Direct Method is employed for the operating section of the cash flow statement.
Interest & Dividends on Investment Securities represents the distributable share of an investment portfolio. In addition to loans to customers, investments in various securities are an essential part of a total investment portfolio for financial institutions. Interest & Dividends on Investment Securities can be derived from equity securities and fixed income securities.
Restricted Cash – Current represents cash on hand that bears some kind of restriction and may not be available for operational use by the company.
Federal Funds Sold/Securities Purchased Under Resale Agreement represents funds provided to a financial institution for a limited period of time to cover reserve requirements. Although the results are the same, the providers of the varying resources are different. Federal Funds Sold are short-term loans to other depository financial institutions without any collateral, provided by Federal Reserve banks, usually at the Federal Funds rate. These may be considered wholesale loans to other banks. Securities Purchased Under Resale Agreement are securities purchased on a temporary basis from other financial institutions with a pre-set selling price within a short period of time.
Cash Taxes Paid represents taxes paid in cash. Cash Taxes Paid is utilized when the Direct Method is employed for the cash flow statement. When a company uses the Indirect Method, this information is classified as Cash Taxes Paid and compiled in the supplemental section of the cash flow statement.
Deferred Income Tax – Current Asset represents the deferred tax assets with a current maturity.
Interest on Deposits represents interest income earned from deposits with other depository institutions. Usually Financial institutions other than commercial banks use Interest on Deposits.
Research & Development represents expenses for research and development of new products and services by a company in order to obtain a competitive advantage.
Accumulated Goodwill Amortization represents accumulated amortization of goodwill acquired through mergers according to the Purchase Method. Due to the nature of Accumulated Goodwill Amortization as a contra account to assets, it is always a negative figure. Upon the institution of SFAS 142 (which took effect in January 2002), goodwill ceased to be amortized, and may only be written off if it is impaired.
Selling/General/Administrative Expenses, Total represents the sum of:
Selling/General/Administrative Expense
Labor & Related Expense
Advertising Expense.
Sale of Fixed Assets represents cash inflow from the sale of fixed assets.
Goodwill, Gross represents the excess of purchase price over the fair market value of net assets acquired. Goodwill may consist of certain rights or privileges, but it is not specifically identifiable and it is assumed to have such value for a significant period after the acquisition.
Sale of Business represents cash inflow from the disposal of existing businesses.
Advertising Expense represents the cost of advertising media and promotional expenses. Advertising Expense may include outsourced advertising expenses for marketing.
Property/Plant/Equipment, Total – Net normally represents Property/Plant/Equipment, Total – Gross reduced by Accumulated Depreciation, Total. However, when a company reports its fixed assets net of accumulated depreciation, fixed assets are compiled using Property/Plant/Equipment, Total – Net. Property/Plant/Equipment, Total – Net may include land, buildings, machinery, furniture, tools, natural resources, leases, and construction in progress. Additionally, other categories of asset items may be classified as “Property and Equipment”, depending upon the company’s business.
Acquisition of Business represents cash outflow for acquiring new businesses.
Labor & Related Expense consists of expenses paid to employees of a company in the form of salaries, wages, fees, benefits or any other form of compensation. Labor & Related Expense is collected when it is reported separately from selling, general, and administrative expenses. Expenses paid to auditors and out-sourced consultants need to be excluded from this line unless such labor forces are contracted employees.
Receivables – Other represents a company’s receivables that are from activities other than trading (sale of products or services rendered). Non-trading receivables may include both current and non-current receivables; the current portion is classified Receivables – other.
Deferred Taxes represents income taxes, accounted for in a company’s net income computation on its income statement, but not affecting the cash flow position.
Other Utility Revenue represents sales and services from non-regulated utility commodities. Other Utility Revenue has been used historically, but is being discontinued.
Total Receivables, Net normally represents the sum of:
Accounts Receivable – Trade, Net
Notes Receivable – Short-Term
Receivables – Other.
Accounting Change is applicable only if Net Income/Starting Line is income after accumulated gains/losses from changes in accounting principles. Because the purpose of the operating section of the cash flow is to provide cash representation of a company’s operating activities, any gain/loss from accounting change included in net income computation needs to be reversed.
Revenue is used for industrial and utility companies. It consists of revenue from the sale of merchandise, manufactured goods and services, and the distribution of regulated energy resources, depending on a specific company’s industry.
Inventories – Finished Goods represents inventories of unsold finished goods on hand. These goods may have been produced internally or purchased for resale.
Discontinued Operations is applicable only if Net Income/Starting Line is income after gains/losses from discontinued operations. Because the operating section of cash flow pursues changes in cash flow from operating activities, any gain/loss from discontinued operations included in net income computation needs to be reversed.
Gross Premiums Written represents total premiums written before adjustments of unearned premiums, reinsurance ceded, and other adjustments. These adjustments to Gross Premiums Written yield Net Premiums Earned. Gross Premiums Written also includes premiums received through reinsurance policies of other insurance companies. Insurance policies may consist of life policies and non-life policies such as fire, automobile, professional liability, health insurance, etc.
Inventories – Work-in-Progress represents inventories of goods in the manufacturing process.
Extraordinary Item is applicable only if Net Income/Starting Line is income after extraordinary gains/losses. Because the operating section of the cash flow pursues changes in cash flow from operating activities, any gain/loss from extraordinary activities included in net income computation needs to be reversed.
Net Premiums Earned represents premiums earned proportionate to the amount of potential risks taken by a company.
Inventories – Raw Materials represents raw materials acquired, but not yet used. It may also include raw materials in transit. However, Inventories – Raw Materials is limited to materials that will be used for manufacturing of finished goods that will eventually be sold to customers.
Unusual Items is applicable only if Net Income/Starting Line is income after gains/losses from unusual activities. Because the operating section of the cash flow pursues changes in cash flow from operating activities, any unusual gain/loss included in net income computation needs to be reversed.
Hotels/ Gaming represents the hotels/gaming industry for Balance Sheet Operating Metrics information collected by Reuters.

The Hotels/ Gaming Industry consists of:
Hotels, Motels & Cruise Lines companies engaged in the operation of hotels, bed and breakfast inns, motels, cabins, cottages, youth hostels, cruise lines and other tourist and boarding lodges.
Casinos & Gaming of companies engaged in casinos and gambling operations.

Companies The Hotels/ Gaming Industry excludes:
Ski resorts and amusement parks with resort owned hotel service, where the ski or amusement operation comprises the dominant operation (classified under the Leisure & Recreation Industry)
Horse and dog race tracks (classified under the Leisure & Recreation Industry).
Revenue per Available Room (REVPAR), Total represents the Company level average revenue earned per available room in a given time period, as reported by the company. It is obtained using the total room revenues in a given period (net of discounts, sales taxes, and meals) divided by the number of available room in a given time period.
Embedded Value represents the present value of existing life insurance business at the valuation date and excluding any value attributable to future new business. The embedded value is an Actuarial science construct, which allows the uncertain future cash-flows of a life insurer to be valued, so as to give a more realistic picture of the company’s financial position, allowing for future contingencies.
Property-Level EBITDA represents earnings before interest, other non-operating Income/Expense, Taxes, depreciation and amortization, and before any corporate expenses and stock compensation expense on properties that a company owns.
Insurance represents the insurance industry for Balance Sheet Operating Metrics information collected by Reuters. The Insurance Industry consists of:
Multi-line insurance companies carrying life and non-life policies.
Property & Casualty insurance companies engaged in insurance underwriting and carriers of property, fire, marine, auto, title, professional liability, funeral, bonding, fidelity and other surety policies.
Life & Health insurance companies engaged in insurance underwriting and carriers of accidental death and dismemberment, disability, dental, health, medical and life policies, as well as the management of annuity plans.
Property and casualty, and life and health Reinsurance carriers.
Value of Slot Handle represents the total amount of coins, tokens, credits or currency placed into slot machines by patrons to play the slot machines.
Unprocessed Claims Inventories, Number represents the claims count of claims received, but not yet fully processed. The inventory of unprocessed claims reflects the company’s ability to manage and process claims submissions made to the company.
Growth in Table Games Drop (Volume), Total - % represents the Company level Growth in the volume of Table Games Drop. It shows the percentage of change of the table games drop from the prior period. Table games drop refers to the amount of chips exchanged for cash or cash equivalents for table games.
Unprocessed Claims Inventories, Value represents the estimated valuation of claims received but not yet fully processed. The inventory of unprocessed claims reflects the company’s ability to manage and process claims submissions made to the company.
Percentage of Win or Hold, Total - % represents the Company level Percentage Win or Hold, as reported by the company. It shows gross win as a percentage of total slot handle or total table games drop.
Unprocessed Claims Inventories, Number represents number of days on hand of the unprocessed claims inventories. The inventory of unprocessed claims reflects the company’s ability to manage and process claims submissions made to the company.
Hotels/ Gaming represents the hotels/ gaming industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the hotels/ gaming industry, reported by the company.
Days in Claims Payable (DCP) represents the medical claim liabilities at the end of the period, divided by average medical expenses per day in the quarterly period.
Expense Ratio, Total - % represents the Company level Expense Ratio, as reported by the company. It shows the sum of the acquisition costs and other underwriting expenses in relation to the premium earned.
Days in Claims Payable excluding Capitation represents medical claim liabilities at the end of the period divided by average medical expenses per day in the quarterly period, excluding capitation.
Loss Ratio, Total - % represents the Company level Loss Ratio, as reported by the company. It shows the loss expenses incurred by an insurance company, in relation to the total premiums earned.
Receipt Cycle Time (Days) represents the average length of time (in number of days) that has lapsed between the time when a claim was initially incurred and when the claim form was received.
Utilization of Licensed Beds, Total - % represents the Company level average utilization of the licensed beds during the period, as reported by the company. It is obtained using the average patient days divided by average licensed beds divided by number of days in the period.
Size of Fleet represents the number of aircraft operated by a single company or ownership as at the period end.
Patient Days represents the total number of days of patient care provided by the hospital for the periods indicated.
Airlines represents the airlines industry for Balance Sheet Operating Metrics information collected by Reuters. The Airlines Industry consists of companies engaged in the operation of airline transportation primarily for consumer and business passengers.
Equivalent Patient Days represents actual admissions/patient days adjusted to include outpatient services. It is obtained by multiplying actual admissions/patient days by the sum of gross inpatient revenues and outpatient revenues, and dividing the result by gross inpatient revenues.
Inpatient Revenue per Patient Day, Total represents the Company level average inpatient revenues earned by the hospital for each patient day, as reported by the company. It is obtained using total billed value of inpatient services divided by the total number of patient days.
Inpatient Revenue per Admission, Total represents the Company level average inpatient revenues earned by the hospital for each admission, as reported by the company. It is obtained using the total billed value of inpatient services divided by the number of admissions.
Number of Hospitals represents the number of hospitals owned by the company as at the end of the period.
Outpatient Revenue per Visit, Total represents the Company level average outpatient revenue earned by the hospital for each hospital visit, as reported by the company. It is obtained using the total billed value of outpatient services divided by the number of hospital visits.
Number of Licensed Beds represents the maximum number of beds permitted in a facility under its license as at the end of the period, regardless of whether the beds are actually available for patient care.
Healthcare Facilities represents the healthcare facilities industry for Balance Sheet Operating Metrics information collected by Reuters. The Healthcare Facilities Industry consists of:
Companies engaged in operating hospitals, physician and dental clinics, psychiatric facilities, nursing homes and home health care agencies
Medical laboratories that support healthcare facilities such as blood analysis, pathology, urinalysis, medical x-ray and other diagnostic laboratories.
Average Length of Stay (Days), Total represents the Company level average number of days an admitted patient stays in the facility, as reported by the company.
Number of Properties represents the total number of properties that the company owns as of the period end date.
Healthcare Facilities represents the healthcare facilities industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the healthcare facilities industry, reported by the company.
Occupancy, Total - % represents the Company level Occupancy percentage, as reported by the company. It shows the percentage of rooms that are occupied or rented in a hotel at a given time.
Number of Rooms represents the total number of rooms owned by the company as of the period end date.
Average Daily Room Rate (ADR), Total represents the Company level average rental income per occupied room in a given time period, as reported by the company. It is obtained using the total room revenues divided by the total number of rooms sold.
Gold, Reserves (Troy Ounces) captures the total Gold reserves owned by the mining company in Troy Ounces, as at the period end.
Average Revenue per Customer, Total represents the Company level revenue generated by a customer per month, as reported by the company. This item is commonly used by telephone carriers and other industries including consumer Internet services, to measure the rate of revenue generation.
Iron Ore, Reserves (Metric Tons) captures the total Iron Ore reserves owned by the mining company in Metric Tons, as at the period end.
Click Rate, Total - % represents the Company level Click Rate, as reported by the company. It shows the frequency an advertisement downloaded with a webpage, is clicked on. This is obtained using the number of clicks on an ad on a webpage, divided by the total number of times that the ad was downloaded with a page.
Platinum, Reserves (Troy Ounces) captures the total Platinum reserves owned by the mining company in Troy Ounces, as at the period end.
Number of Page Views (User Traffic) represents the number of hits (page views) that a website has received over the specified period of time. This is used to measure the user traffic of a particular website during the period.
Silver, Reserves (Troy Ounces) captures the total Silver reserves owned by the mining company in Troy Ounces, as at the period end.
Value of Paid Clicks represents the total sales resulting from the click-paid activity for an internet media company.
Titanium Slag, Reserves (Metric Tons) captures the total Titanium Slag reserves owned by the mining company in Metric Tons, as at the period end.
Query Market Share, Total - % represents the Company level Query Market Share percentage, as reported by the company. It shows the market share percentage specifically for query volumes of an Internet search company (Yahoo, Google etc.). It is an indicator of the search engine’s market position, with respect to the totals search/query volume during the period.
Zinc, Reserves (Metric Tons) captures the total Zinc reserves owned by the mining company in Metric Tons, as at the period end.
Traffic Acquisition Costs (TAC) represents the cost for a company to acquire traffic into their site. This cost is considered as the cost of revenue for many internet search company such as Yahoo, Google, etc.
Mining, Reserves represents the Balance Sheet (Reserves) Operating Metrics information collected by Reuters for the Mining Industry. This includes the reserves information for a range of metals, reported by the mining company. The Mining Industry consists of companies engaged in the extraction and primary processing of Precious Metals & Minerals.
Internet Media represents the internet media industry for Operating Metrics information collected by Reuters. This includes all the operating indicators for the internet media industry, reported by the company.
Developed Square Kilometers represents the total area, in square kilometers, that are allocated or assignable to productive mines or mines capable of production.
Copper, Average Price per Metric Ton captures the average selling price of Copper per Metric Ton, during the specified period of time.
Undeveloped Square Kilometers represents the total lease area, in square kilometers on which mines have not been completed to a point that would permit the production of commercial quantities of minerals, regardless of whether such area contains proved reserves.
Combined Ratio, Total - % represents the Company level Combined Ratio, as reported by the company. It shows the combination of the loss ratio and the expense ratio, and is an indicator of the operational profitability of an insurance company.
Receipt Cycle Time (Months) represents the average length of time (in number of months) that has lapsed between the time when a claim was initially incurred and when the claim form was received.
Statutory Expense Ratio, Total - % represents the Company level Statutory Expense Ratio, as reported by the company. It shows the sum of the acquisition costs and other underwriting expenses in relation to the premium earned (under the Statutory Accounting Principle).
Claims Reserves represents the provisions set apart for future claims, as at the end of the period. The claims reserves include:
Incurred but not reported claims
Received but unprocessed claims
Reserves for loss adjustment expenses.
Weighted Average Cost of Capital (WACC), Total - % represents the Company level Weighted Average Cost of Capital, as reported by the company. It shows the average cost of raising capital, by proportionately weighing the cost of each category of capital. The company may raise its capital by issuing equity or from borrowings.
Membership under Capitation - % represents the Company level Membership under Capitation Percentage, as reported by the company. It shows the percentage of membership under the capitation agreement.
Underwriting Profit or Loss represents the money earned or loss by an insurer in its underwriting operations. This is obtained by subtracting the sum of its losses, loss adjusting expenses and other underwriting expenses, from the total premiums earned.
Covered Lives represents the total number of people covered by the insurance policies.
New Business Profit represents the contribution of the total new business sales of an insurer during the period. The insurer’s new business sales can include premium income on new regular policies, and also single premium policies.
Enrollment of Membership represents the total number of members acquired by the company, as at period end.
New Business Annual Premium Equivalent represents the annual premium amount for regular premium contracts plus 10% of new single premiums.
Managed Care represents the Managed Care industry for Balance Sheet Operating Metrics information collected by Reuters. The Managed Care Industry consists of companies engaged in providing managed healthcare, mainly operating in the United States.
New Business Margin, Total - % represents the Company level New Business Margin percentage, as reported by the company. It shows the profit from new business sales, expressed as a percentage of the Present Value of New Business Premiums (PVNBP) for the period
Copper, Reserves (Metric Tons) captures the total Copper reserves owned by the mining company in Metric Tons, as at the period end.
Insurance represents the insurance industry for Operating Metrics information collected by Reuters. This includes all the operating indicators for the insurance industry, reported by the company.
Diamonds, Reserves (Carats) represents the total Diamonds reserves owned by the mining company in Carats, as at the period end.
Average Revenue per Click, Total represents the Company level average revenue earned per click from each campaign, as reported by the company. This is a measurement of the average revenue earned each time a visitor clicks on an advertisement displayed in a website.
Percentage of plan assets allocated to equity securities for Domestic pension plans.
Load Factor, Total - % represents the Company level Load Factor percentage that is reported by the company. It represents the percentage of aircraft seating capacity that is actually utilized, and is obtained using revenue passenger miles/kilometers, divided by available seat miles/kilometers.
Percentage of plan assets allocated to equity securities for Foreign pension plans.
Revenue per ASK captures the revenue earned by each available seat kilometer of an airline. It is obtained by using total revenues divided by the total available seat kilometers of an airline.
Percentage of plan assets allocated to equity securities for Post-Retirement plans.
Breakeven Load Factor, Total - % represents the Company level Breakeven Load Factor as reported by the company.
Percentage of plan assets allocated to debt securities for Domestic pension plans.
Passenger Haul, Average Length (Kilometers) captures the average distance traveled by a scheduled fare paying passenger of the airline in kilometers.
Percentage of plan assets allocated to debt securities for Foreign pension plans.
Aircraft Stage, Average Length (Kilometers) captures the average distance flown per flight of an airline in kilometers.
Percentage of plan assets allocated to debt securities for Post-Retirement plans.
Number of Trips Flown (Departures) represents the number of takeoffs made at an airport.
Percentage of plan assets allocated to real estate for Domestic pension plans.
Average Passenger Fare, Total represents the Company level Average Passenger Fare as reported by the company. It shows the average one-way fare paid per flight segment by a revenue passenger.
Percentage of plan assets allocated to real estate for Foreign pension plans.
Passenger Revenue per RPK captures the total passenger revenues earned per revenue passenger kilometer traveled by the airline. It is obtained using passenger revenue divided by total revenue passenger kilometers
Percentage of plan assets allocated to real estate for Post-Retirement plans.
Legal claims to future benefits for Post-Retirement plans.
Cumulative net pension cost accrued in excess of the employer’s contributions for plans based in the company’s home country.
Cumulative net pension cost accrued in excess of the employer’s contributions for plans based in countries other than the company’s home country.
Cumulative net pension cost accrued in excess of the employer’s contributions for Post-Retirement plans.
Any items which do not have an associated COA code and line item for plans based in the company’s home country.
Any items which do not have an associated COA code and line item for plans based in countries other than the company’s home country.
EBITDAR represents earnings before interest, taxes, depreciation, amortization and obsolescence and aircraft rent. It is a non-GAAP financial measure.
Any items which do not have an associated COA code and line item for Post-Retirement plans.
Passengers, Total represents the number of persons on board a flight who is not a member of the flight or cabin crew.
Sum of assets and liabilities for Domestic Pension plans.
Revenue Passengers represents the total number of paying passengers flown on all flight segments.
Sum of assets and liabilities for Foreign Pension plans.
Enplaned Passengers represents the total number of revenue passengers boarding aircraft.
Sum of assets and liabilities for Post-Retirement plans.
Revenue Passengers Kilometers (RPK) captures the total distance flown by the airline’s revenue passengers in kilometers. This is a measure of total passenger traffic for an airline.
Net Assets Recognized on Balance Sheet represents:
Prepaid Benefits – Domestic
Prepaid Benefits – Foreign
Prepaid Benefits – Post-Retirement
Intangible Assets – Domestic
Intangible Assets- Foreign
Intangible Assets – Post-Retirement
Accrued Liabilities – Domestic
Accrued Liabilities- Foreign
Accrued Liabilities – Post-Retirement
Other Assets, Net – Domestic
Other Assets, Net- Foreign
Other Assets, Net – Post-Retirement
Net Domestic Pension Assets
Net Foreign Pension Assets
Net Post-Retirement Assets.
Available Seat Kilometers (ASK) captures the total flight passenger capacity of an airline in kilometers. It is obtained by multiplying the total number of seats available for scheduled passengers and the total number of kilometers those seats were flown.
Total Plan Assets represents the total value of all pension and post-retirement plan assets for a company. Total Plan Assets is calculated as the sum of:
Plan Assets - Domestic
Plan Assets - Foreign
Plan Assets - Post-Retirement.
Number of Hours Flown represents the block hours or the number of hours which elapsed between the time the aircraft started to move to commence a flight, and the time the aircraft came to its final stop after the conclusion of a flight.
The Airlines Industry consists of companies engaged in the operation of airline transportation primarily for consumer and business passengers.
Net Interest Margin, Total - % represents the Company level Net Interest Margin, as reported by the company. It shows the difference between interest income earned and the interest paid on borrowings by the bank, as a percentage of its earning assets.
Net Interest Spread, Total - % represents the Company level Net Interest Spread, as reported by the company. It shows the difference in the borrowing and lending rates of the bank.
Banking/ Brokerage represents the banking/ brokerage industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the banking/brokerage industry, reported by the institution.
Number of Units Sold represents the number of products sold by the electronics company.
Consumer Electronics represents the consumer electronics industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the consumer electronics industry, reported by the company.
Number of Visits per Admission, Total represents the Company level average number of visits each patient admitted into the hospital has, as reported by the company. It is obtained using the total number of visits divided by the number of admissions.
Number of Outpatient Visits represents the number of individual visits to hospital outpatient departments located on the hospital campus, during the period.
Number of Discharges represents the number of discharges in the hospital during the period.
Number of Cases of Scan, Total represents the Company level number of patient visits per time they need a medical procedure/scan, as reported by the company.
Number of Surgeries represents the number of surgeries performed in the hospital during the period.
Revenue per Visit/ Discharge/ Case/ Scan represents the Company level average revenue earned by the hospital for each visit, discharge, case or scan, as reported by the company. It is obtained using total value billed divided by the total number of visits, discharges, cases and/or scan
Net Inpatient Revenues represents the total billed value for the services provided by the hospital to its inpatients.
Net Outpatient Revenues represents the total billed value for the services provided by the hospital to its outpatients.
Average Number of Licensed Beds represents the average number of licensed beds owned by the hospital during the period. It is obtained by weighting the total number of licensed beds owned, by according to the periods owned.
Passenger Revenue per ASK captures the total passenger revenues earned per available seat kilometer of the airline. It is obtained using passenger revenues divided by total available seat kilometers.
Percentage of plan assets allocated to private investments for Domestic pension plans.
Operating Revenue per ASK captures the total operating revenues earned per available seat kilometer of the airline. It is obtained using total operating revenues divided by total available seat kilometers.
Percentage of plan assets allocated to private investments for Foreign pension plans.
Operating Expense per ASK captures the total operating expenses incurred per available seat kilometer of the airline. It is obtained using total operating expenses divided by total available seat kilometers.
Percentage of plan assets allocated to private investments for Post-Retirement plans.
Operating Expense per ASK, excluding Fuel captures the total operating expenses, less aircraft fuel, incurred per available seat kilometer of the airline. It is obtained using total operating expenses, less aircraft fuel, divided by total available seat kilometers.
Percentage of plan assets allocated to other investments for Domestic pension plans.
Fuel Cost per Liter captures the unit cost of each liter of fuel consumed by the airline. This is obtained using total aircraft fuel costs (excluding fuel taxes) divided by the total number of fuel liters consumed.
Percentage of plan assets allocated to other investments for Foreign pension plans.
Fuel Consumed, Liters captures the total volume of fuel consumed by the airlines, in liters.
Percentage of plan assets allocated to other investments for Post-Retirement plans.
Aircraft Utilization (Hours per Day), Total represents the Company level Aircraft Utilization as reported by the company. It shows the average number of block hours operated per day per aircraft for the total fleet of aircraft.
The allocation of plan asset presentation lists the ‘classes’ of underlying investments of plan assets, showing each investment type as a percentage of total plan assets. The sum of each plan (Domestic/Foreign/Post Retirement) should total 100% (rounding).
Asset Allocation [VASA] represents:
Equity % - Domestic
Equity % - Foreign
Equity % - Post-Retirement
Debt Securities % - Domestic
Debt Securities % - Foreign
Debt Securities % - Post-Retirement
Real Estate % - Domestic
Real Estate % - Foreign
Real Estate % - Post-Retirement
Private Investments % - Domestic
Private Investments % - Foreign
Private Investments % - Post-Retirement
Other Investments % - Domestic
Other Investments % - Foreign
Other Investments % - Post-Retirement.
Average Number of Operating Aircraft represents the average number of aircrafts used by an airline during a period of time. This is obtained using the number of aircraft in use, divided by a given period of time.
Total Plan Obligations represents the total value of all pension, post-retirement and other plan obligations for a company. Total Plan Obligations is calculated as the sum of:
Pension Obligation - Domestic
Pension Obligation - Foreign
Post-Retirement Obligation
Unfunded Plan Obligations.
Percentage of Sales - Internet, Total - % represents the Company level portion of sales that is made from the internet, as reported by the company. It is obtained using the number of sales via Internet, divided by the total number of sales.
Managed Care represents the managed care industry for Operating Metrics information collected by Reuters. This includes all the operating indicators for the managed care industry, reported by the company. The Managed Care Industry consists of companies engaged in providing managed healthcare, mainly operating in the United States.
Number of Stores Closed represents the total number of new stores closed in all regions during the period.
FFO per Share (Basic) represents Funds from Operations (FFO) divided by the basic weighted average shares for the period. It is used by real estate and other investment trusts to define the cash flow from trust operations.
Number of Stores, End of Period represents the total number of stores operated by the company at the end of the period.
FFO per Share (Diluted) represents Funds from Operations (FFO) divided by the diluted weighted average shares for the period. Funds from Operations (FFO) is used by real estate and other investment trusts to define the cash flow from trust operations.
Retail represents the Retail industry for Balance Sheet Operating Metrics information collected by Reuters. The Retail Industry consists of:
Department Stores companies engaged in the operation of department store chains offering a diversified product line, including auxiliary internet and mail order facilities
Discount Stores companies engaged in the operation of stores offering a diversified product line at a discount, including auxiliary internet and mail order facilities
Catalog & Internet Order companies engaged in internet and catalog retailing of single line and diversified product lines, including internet and catalog retailers with auxiliary brick and mortar stores
Apparel & Accessories companies engaged in the operation men, women and children's clothing and accessories stores, as well as retailers of handbags, footwear, leather goods, luggage, jewelry and watches.
Computer & Electronics companies engaged in the retailing of computers and peripherals, consumer electronics and other technology products- including household appliances, audio and video equipment, consumer software, digital cameras, cell phones and components and other electronic goods.
Specialty Retail companies engaged in the operation of stores and dealerships concentrated on a single product, including car and truck dealerships, auto parts, home improvement, office supplies, books, kitchen wares, house wares, garden centers, toys, sporting equipment and other focused retail operations.
Drugs companies engaged in the operation of pharmacies, including retail drug operations with auxiliary food and household good product lines.
Food Distribution & Convenience Stores companies engaged in the operation of grocery, convenience, liquor and specialty food stores.
Adjusted FFO (AFFO) represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items. Funds from Operations (FFO) is used by real estate and other investment trusts to define the cash flow from trust operations.
Value of Bookings represents the total value of new orders received by the company during the period.
Adjusted FFO per Share (Basic) represents Adjusted Funds from Operations (AFFO) divided by the basic weighted average shares for the period. AFFO represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items.
Value of Backlog represents the total order backlog of the company as of the end of the period.
Adjusted FFO per Share (Diluted) represents Adjusted Funds from Operations (AFFO) divided by the diluted weighted average shares for the period. AFFO represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items.
Book to Bill Ratio, Total represents the Company level Book to Bill Ratio as reported by the company. It shows the ratio of the total orders received from the company’s customers to the total orders that have been shipped.
Funds Available for Distribution (FAD) represents Funds from Operations (FFO) adjusted for non-real estate depreciation and the effect of straight-line rent, less capital investments in property.
Semiconductors/ Semiconductor Equipment represents the Semiconductors/Semiconductor Equipment industry for Balance Sheet Operating Metrics information collected by Reuters. The Semiconductors/ Semiconductor Equipment Industry consists of:
Companies engaged in the design and fabrication of high-value and commodity-type circuit boards, microcircuits, microprocessor chips, integrated circuits, memory chips, fuel and solar cells
Semiconductor Equipment & Testing companies engaged in the production of semiconductor testing equipment and semiconductor manufacturing equipment
Companies engaged in semiconductor testing services.
FFO Payout Ratio, Total - % represents the Company level FFO Payout Ratio, as reported by the company. It shows the dividend payout rate from the Funds from Operations (FFO) for each share. It is obtained using Dividends per Common share divided by Funds from Operations per share.
FAD Payout Ratio, Total - % represents the Company level FAD Payout Ratio, as reported by the company. It shows the dividend payout rate from the Funds Available for Distribution (FAD) for each share. It is obtained using Dividends per Common share divided by Funds Available for Distribution per share.
Net Operating Income (NOI) represents the underlying profitability of the operating properties of the REIT/ Real Estate company. It is a non- GAAP measure that is generally equivalent to tenant revenues less labor and facility operating costs and management fees.
Number of Restaurants, End of Period represents the total number of restaurants in operation at the end of the period. This includes both company owned and franchised restaurants.
Oil and Gas represents the oil and gas industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the oil and gas industry, reported by the company.
Number of Stores per Region represents the total number of restaurants (both company owned and franchised restaurants) in operation in a specified region as at the end of the period.
Premiums per Member per Month, Total represents the Company level Premiums per Member per Month, as reported by the company. It is obtained using the total revenues earned by the company, divided by the total number of member months.
Number of Company Owned Restaurants represents the total number of restaurants in operation owned by the company at the end of the period.
Medical Costs per Member per Month, Total represents the Company level Medical Costs incurred per Member per Month, as reported by the company. It is obtained using total medical costs incurred by the company, divided by the total number of member months.
Number of Franchised Restaurants represents the number of restaurants in operation owned by franchisees at the end of the period.
Selling, General and Administrative Costs per Member per Month, Total represents the Company level Selling, General and Administrative costs incurred per Member per Month, as reported by the company. It is obtained using SG&A costs incurred by the company, divided by the total number of member months.
Restaurants represents the Restaurants industry for Balance Sheet Operating Metrics information collected by Reuters. The Restaurants Industry consists of companies engaged in the operation of restaurants, diners, taverns, pubs, nightclubs, banquet halls, fixed location snack bars, food cart vendors, food service contractors and companies engaged in commercial food service equipment wholesaling.
Medical Expense Ratio, Total - % represents the Company level Medical Expense Ratio, as reported by the company. It shows the percentage of the premiums that are used to pay for the delivery of health care. It is obtained using the total medical expenses incurred by the company, divided by the total revenues earned.
Selling Space, Square Meters (Gross) represents the total gross area, in square meters, of all the company’s stores at period end.
General & Administration Ratio, Total - % represents the Company level General & Administration Ratio, as reported by the company. It is obtained using the total General and Administration costs incurred by the company, divided by the total revenues earned. It shows the percentage of total revenues that are used to administer the health plan, and is a measure of the efficiency of the company.
Selling Space, Square Meters (Net) represents the total net area, in square meters, of all the company’s stores at period end.
Selling Costs Ratio, Total - % represents the Company level Selling Costs Ratio, as reported by the company. It shows the percentage of total revenues that are used to complete the sales of the health plan. It is obtained using the total selling expenses incurred by the company, divided by the total premiums earned.
Average Store Size (Square Meters) represents the total average size of all the company’s stores at period end.
Combined Ratio, Total - % represents the Company level Combined Ratio, as reported by the company. It is the sum of the Loss ratio, LAE (Loss Adjustment Expenses) ratio, and Underwriting Expense and Policyholder dividends to premiums ratio. It is a measure of the efficiency of the company.
Number of Stores Opened represents the total number of new stores opened in all regions during the period. This item includes the net number of stores opened during the period – number of stores opened, less the number of stores closed during the period.
Average Sales per Square Meter captures the total average sales-per-square meter of retail space. It is obtained using the total revenues earned from store sales, divided by the total area of retail space (in square meters) during the period.
Average Rental Expense per Square Meter captures the total average rental expense-per-square meter of retail space. It is obtained using the total rental expenses incurred for store operations, divided by the total area of retail space (in square meters) during the period.
Average Rental Expense per Store, Total represents the Company level Average Rental Expense incurred per store during the period, as reported by the company. It is obtained using the total rental expenses incurred for store operations, divided by the total number of stores during the period.
Retail Sales represents the total value of sales at retail locations (physical stores) during the period.
Catalog Sales represents the total value of sales revenues earned by the company through catalogs (mail order) during the period.
Online Sales represents the total value of sales generated over the Internet during the period.
Retail represents the Retail industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the Retail industry, reported by the company.
Interest Income (Expense), Net- Non-Operating, Total represents the sum of:
Interest Expense, Net Non-Operating
Interest/Investment Income, Non-Operating
Interest Income (Expense), Net Non-Operating.
Interest Expense (Income), Net-Operating, Total represents the sum of:
Interest Expense, Net – Operating
Interest/Investment Income – Operating
Interest Expense (Income) – Net Operating.
Unusual Expense (Income) represents the sum of:
(Gain) Loss on Sale of Assets, Supplemental
Impairment-Assets Held for Sale, Supplemental
Impairment-Assets Held for Use, Supplemental
Litigation Charge, Supplemental
Purchased R&D Written-Off, Supplemental
Restructuring Charge, Supplemental
Other Unusual Expense (Income), Supplemental
Non-Recurring Items, Total.
This item reflects the excess of sale proceeds over the net book value (purchase price less accumulated depreciation) of a fixed asset. The disposal of assets not only includes the sale, but also exchange or abandonment.
This item is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These items are assets that will be sold by the reporting company. It also includes the Impairment/write-down/write-off/revaluation of inventories and investment securities.
This item is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These assets are retained by the reporting company.
This item represents unusual litigation expenses, and may include fees for lawyers, or settlement charges. However, this item does not include standard business-related lawyers’ fees.
This item represents the write-off of purchased research and development (R&D). The item may also consist of the written-off portion of purchased R&D.
This item refers to an unusual or non-recurring item related to a significant rearrangement of a company’s assets and/or liabilities. The restructuring may include discontinuing a line of business, closing plants, or making employee cutbacks.
This item represents unusual expenses other than Restructuring Charge, Supplemental, Litigation Charge, Supplemental, Impairment – Assets Held for Use, Supplemental, or Impairment – Assets Held for Sale, Supplemental.
Fixed Charge Coverage Ratio, Total represents the Company level Fixed Charge Coverage Ratio, as reported by the company. It is a measure of leverage of the REIT/ Real Estate company, and is obtained using EBITDA divided by fixed charges.
Average Rent per Square Meter represents the total average rent received from tenants, per square meter of property controlled by the Real Estate company.
Rent Growth (Sequential), Total - % represents the Company level sequential Rent Growth percentage, as reported by the company. It shows the percentage increase in rental rates from the previous period.
REITs/ Real Estate represents the REITs/ Real Estate industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the REITs/ Real Estate industry, reported by the company.
Comparable Store Sales Growth, Restaurants, Total - % represents the Company level Growth in Comparable Store Sales, as reported by the company. It shows the period over period percentage change in total sales of the restaurants that are in operation in for both periods.
Comparable Store Sales, Restaurants (Value) represents the total sales generated by all restaurants in operation in both this and the prior periods.
Operating Margin, Total - % represents the Company level Operating Margin, as reported by the company.
Average Value per Transaction, Total represents the Company level Average customer check or bill per transaction during the period, as reported by the company. It is obtained using the total revenues earned from customer checks, divided by the total number of transactions during the period. This is a measurement of the average revenue earned for every customer transaction.
Growth in Average Value per Transaction, Total - % represents the Company level Growth in Average Value per Transaction for the period, as reported by the company. It shows the period over period percentage change in average customer check or bill per transaction.
Growth in Guest Counts, Total - % represents Company level Growth in Guest Counts for the period, as reported by the company. It shows the period over period percentage change in the total number of guest or customer visits to the restaurants.
Weighted Average Weekly Sales per Restaurant, Total represents the Company level Weighted Average Weekly Sales per Restaurant during the period, as reported by the company.
Restaurants represents the Restaurants industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the Restaurants industry, reported by the company. The Restaurants Industry consists of companies engaged in the operation of restaurants, diners, taverns, pubs, nightclubs, banquet halls, fixed location snack bars, food cart vendors, food service contractors and companies engaged in commercial food service equipment wholesaling.
Comparable Store Sales Growth, Retail, Total - % represents the Company level Growth in Comparable Store Sales for the period, as reported by the company. It shows the period over period percentage change in total sales of stores in operation in both periods.
Comparable Store Sales, Retail (Value) represents the total sales generated by all stores in operation in both this and the prior periods.
Traffic (Number of Customer Visits) represents the total number of customer visits to all of the company’s stores during the period.
Merchandise Margins, Total - % represents the Company level Merchandise Margins, as reported by the company. It shows the percentage profit margin on product sales achieved during the period.
Average Sales per Store, Total represents the Company level Average Sales per Store during the period, as reported by the company. It is obtained using the total revenues earned from store sales, divided by the total number of stores during the period.
Copper Production (Metric Tons) captures the total production volume of Copper by the mining company in Metric Tons, during the specified period of time.
Diamond Production (Carats) represents the total production volume of Diamonds in Carats, by the mining company during the specified period of time.
Natural Gas Reserves, Proved (Cubic Meters) represents the total estimated quantities of natural gas, in cubic meters, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions.
Oil and LNG Reserves, Probable (Barrels) represents the estimated quantities of oil and liquefied natural gas reserves which is categorized as “reasonably probable" of being produced using current or likely technology at current prices, with current commercial terms and government consent. (in Barrels)
Gold Production (Troy Ounces) captures the total production volume of Gold by the mining company in Troy Ounces, during the specified period of time.
Natural Gas Reserves, Probable (Cubic Meters) represents the total estimated quantities, in cubic meters, of gas reserves which is categorized as “reasonably probable" of being produced using current or likely technology at current prices, with current commercial terms and government consent.
Iron Ore Production (Metric Tons) captures the total production volume of Iron Ore by the mining company in Metric Tons, during the specified period of time.
Oil and LNG Reserves, Possible (Barrels) represents the estimated quantities of oil and liquefied natural gas reserves that have a chance of being developed under favorable circumstances. (in Barrels)
Platinum Production (Troy Ounces) captures the total production volume of Platinum by the mining company in Troy Ounces, during the specified period of time.
Natural Gas Reserves, Possible (Cubic Meters) represents the total estimated quantities, in cubic meters, of natural gas reserves that have a chance of being developed under favorable circumstances.
Silver Production (Troy Ounces) captures the total production volume of Silver by the mining company in Troy Ounces, during the specified period of time.
Oil and Gas represents the oil and gas industry for Balance Sheet Operating Metrics information collected by Reuters. The Oil and Gas Industry consists of:
Integrated Oil & Gas companies engaged in the exploration, production, refinement and distribution of oil and gas.
Oil & Gas Exploration & Production companies engaged in the exploration and extraction of crude petroleum and natural gas.
Oil & Gas Refining & Marketing companies engaged in the operation of oil and gas refineries for the production of heating, lubricating, and fuel oils, as well as gasoline, diesel, jet fuel, propane, kerosene and other liquefied petroleum gas (LPG) products.
Oil & Gas Drilling companies engaged in oil and gas drilling services on a contract basis. Services include, directional drilling, well drilling and reconditioning of oil and gas field wells.
Titanium Slag Production (Metric Tons) captures the total production volume of Titanium Slag by the mining company in Metric Tons, during the specified period of time.
Number of Patents represents the number of patents on drug compounds and manufacturing processes held by the company as at the period end.
Zinc Production (Metric Tons) captures the total production volume of Zinc by the mining company in Metric Tons, during the specified period of time.
Mining, Production represents the Production Volume Operating Metrics information collected by Reuters for the Mining Industry. This includes the total production volume information for a range of metals, reported by the mining company. The Mining Industry consists of companies engaged in the extraction and primary processing of Precious Metals & Minerals.
Number of Patent References (Other) represents the number of references to this company’s patents by other pharmaceutical/biotech companies in their patent filings.
Diamonds, Average Price per Carat, Total represents Company level Average Selling Price of Diamonds per Carat during the specified period of time, as reported by the company.
Number of Mines represents the number of mines the company is working on as at the period end.
Remaining Mine Life - Years represents the number of years left remaining of the life of the productive mine as at the period end.
Gold, Average Price per Troy Ounce captures the average selling price of Gold per Troy Ounce, during the specified period of time.
Mining, Other represents the other Balance Sheet Operating Metrics information collected by Reuters for the Mining Industry. This includes the reserves information for a range of metals, reported by the mining company. The Mining Industry consists of companies engaged in the extraction and primary processing of Precious Metals & Minerals.
Iron Ore, Average Price per Metric Ton captures the average selling price of Iron Ore per Metric Ton, during the specified period of time.
Platinum, Average Price per Troy Ounce captures the average selling price of Platinum per Troy Ounce, during the specified period of time.
Developed Square Kilometers – Oil & Gas represents the total area, in square kilometers, that are allocated or assignable to productive wells or wells capable of production.
Silver, Average Price per Troy Ounce captures the average selling price of Silver per Troy Ounce, during the specified period of time.
Undeveloped Square Kilometers – Oil & Gas represents the total lease area, in square kilometers on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of natural gas and oil, regardless of whether such area contains proved reserves.
Number of Rigs represents the number of Rigs the company is actively exploring for oil and natural gas as at the period end.
Titanium Slag, Average Price per Metric Ton captures the average selling price of Titanium Slag per Metric Ton, during the specified period of time.
Number of Wells, New represents the number of new wells explored by the company as at the period end.
Zinc, Average Price per Metric Ton captures the average selling price of Zinc per Metric Ton, during the specified period of time.
Mining, Average Price represents the Average Price Operating Metrics information collected by Reuters for the Mining Industry. This includes the average selling price information for a range of metals, reported by the mining company. The Mining Industry consists of companies engaged in the extraction and primary processing of Precious Metals & Minerals.
Number of Wells, Total represents the number of total wells owned by the company as at the period end.
Oil and LNG Reserves, Proved (Barrels) represents the estimated quantities of oil and liquefied natural gas reserves which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions (in Barrels).
Gross Net Asset Value (GNAV) represents the market value of the net assets of the REIT, before any deductions for deferred tax on revaluation gains. This construct is used for valuation purposes of a REIT, and is usually used by UK REIT companies.
Triple Net Asset Value (NNNAV) represents the net asset value when all of the assets and liabilities of the REIT are valued at their respective market values. This construct is used for valuation purposes of a REIT, and is usually used by UK REIT companies.
Natural Gas, Average Production (Cubic Meters/Day) represents the average production of gas liquids on daily basis by the company, in cubic meters.
Total Number of Units or Properties represents the total number of units (buildings) or properties controlled by the company as at the end of the period.
Natural Gas, Average Sales Price per Cubic Meter represents the average sales price of Natural Gas per Cubic Meter.
Natural Gas Production (Cubic Meters) represents the total production of natural gas by the company, in cubic meters.
Total Square Meters Available for Lease represents the total amount of space, in square meters, controlled by the company that’s available for lease as at the end of the period.
Average Production Costs per Barrel, Total represents the Company level Average Cost incurred to produce a barrel of oil or gas, as reported by the company.
Average Square Meters Leased represents the total average amount of space per property, in square meters, leased by the company during the period.
Oil Equivalent Production (Barrels/Day) represents the total daily production (of natural gas) in Oil Equivalent Barrel.
Occupancy Rate of Space Leased, Total - % represents the Company level Occupancy Rate of Space Leased, as reported by the company. It shows the percentage of leased space that is occupied by tenants, as at the end of the period.
Production Growth, Total - % represents the Company level Average Daily Production Growth, as reported by the oil/gas company. This item is used to collect the rate of growth of the production of Crude Oil, Gas Liquids and/or Natural Gas.
REITs/ Real Estate represents the REITs/ Real Estate industry for Balance Sheet Operating Metrics information collected by Reuters. The REITs/ Real Estate Industry consists of:
Real Estate Operations companies engaged in developing, renting, leasing and managing residential and commercial properties; such as: real estate brokerage and agent services, real estate appraisal services and consulting services.
Residential & Commercial REIT companies engaged in the securitization of interests related to rights on residential and commercial real estate.
Exploration and Development Costs represents the exploration and development costs incurred by the company for feasibility studies for new wells.
Number of Restaurants Opened represents the number of new restaurants opened during the period. This includes both company owned and franchised restaurants in all regions. This item includes the net number of restaurants opened during the period – number of restaurants opened, less the number of restaurants closed during the period.
Recycle Ratio, Total - % represents the Company level Recycle Ratio, as reported by the company. It shows the value created for each dollar invested in the oil/gas company, and is a measure of the capital efficiency of the company.
Number of Restaurants Closed represents the total number of new restaurants closed during the period. This includes both company owned and franchised restaurants in all regions.
Number of Products in Phase I represents the number of products/compounds the company has in Phase 1 clinical trials. Phase 1 clinical trials investigate the safety and proper dose ranges of a product candidate in a small number of human subjects.
Average Production per Mine (Metric Tons) captures the average production volume of a mineral per mine, in Metric Tons, of a mining company.
Stripping Ratio, Total - % represents the Company level Stripping Ratio, as reported by the company. It shows the amount of waste rock mined relative to the amount of ore mined.
Number of Products in Phase II represents the number of products/compounds the company has in Phase 2 clinical trials. Phase 2 clinical trials investigate side effect profiles and efficacy of a product candidate in a large number of patients who have the disease or condition under study.
Mining, Other represents the Operating Metrics information (other than average price and production volume information) collected by Reuters for the Mining Industry. This includes the average production per mine and stripping ratio information, reported by the mining company. The Mining Industry consists of companies engaged in the extraction and primary processing of Precious Metals & Minerals.
Number of Products in Phase III represents the number of products/compounds the company has in Phase 3 clinical trials. Phase 3 clinical trials investigate the safety and efficacy of a product candidate in a large number of patients who have the disease or condition under study.
Crude Oil, Average Production (Barrels/Day) represents the average production of crude oil on daily basis, in barrels.
Number of Products in Pre-Registration represents the number of products/compounds that have passed Phase 3 clinical trials and are awaiting regulatory approval before being launched for sale.
Crude Oil, Average Sales Price per Barrel, Total represents the Company level Average Sales Price of Crude Oil per Barrel, as reported by the company.
Number of Products Launched represents the number of products/compounds that have passed Phase 3 clinical trials, received all necessary regulatory approvals and have been launched for sale for the year.
Crude Oil Production (Barrels) represents the total production of crude oil in barrels.
Pharmaceuticals/ Biotech represents the Pharmaceuticals/ Biotech industry for Balance Sheet Operating Metrics information collected by Reuters. The Pharmaceuticals/ Biotech Industry consists of:
Large pharmaceutical companies engaged in a diversified range of activities like research, development, manufacturing and marketing of drugs.
Biotechnology companies engaged in the research and development of new drugs, medical devices and procedures, including the manufacturing and marketing of drugs as a result of direct research and development.
Generic & Specialty Pharmaceuticals companies engaged in the manufacturing and marketing of over the counter, prescription and veterinary drugs.
Gas Liquids, Average Production (Barrels/Day) represents the average production of gas liquids on daily basis, in barrels.
Number of Operating Partnership Units represents the total number of interests units issued for unit-holders, for ownership in the partnership that controls the REIT.
Gas Liquids, Average Sales Price per Barrel, Total represents the Company level Average Sales Price of Gas Liquids per barrel, as reported by the company.
Net Asset Value (NAV) represents the net “market value’ of all of a company’s assets. This includes but is not limited to its properties, after subtracting all its liabilities and obligations. This construct is used for valuation purposes of a REIT. Net Asset Value (NAV) [MRGN] is generally obtained using Net Assets, less Liabilities and Preferred Stock.
Gas Liquids Production (Barrels) represents the total production of gas liquids in barrels.
Reported Total Sales, General & Administrative Expense represents all of the costs of operating a business other than the costs of readying a product for sale. It reflects the company’s as reported value within their financial report.
Part-Time Employees represents the number of part-time employees, as reported by the company as of the fiscal period end date. Part-Time Employees also includes seasonal and temporary workers. The number of Part-Time Employees will be included in Employees if the company does not differentiate between fulltime and part-time employees.
Reported Gross Profit represents a measure of a company’s operating performance. Gross Profit reflects the profits earned directly from a company’s revenues and direct costs.
Reported Operating Profit represents revenue less costs of goods sold and related operating expenses applying to the normal business activities of the entity.
Reported Operating Profit Margin represents the company’s as reported value for Operating Profit Margin within their financial report. It is a measurement of management’s efficiency and is obtained using Operating Income divided by Total Revenue.
Reported Ordinary Profit represents earnings attributable to the nominal and recurring business operations of the entity. This value reflects the profits earned after taking into consideration the income and expenses from operating and non-operating section attributable to the recurring business operations.
Reported Net Income After Tax represents the company’s as reported net income after tax within their financial report.
Reported Basic EPS represents the company’s as reported value for basic EPS within their financial report.
Reported Diluted EPS represents the company’s as reported value for diluted EPS within their financial report.
Reported Net Business Profits represents the net business profits, after credit related costs for trust accounts and provision for general allowance for credit losses. This is most commonly reported by banks.
Number of Common Shareholders represents the number of common shareholders, as reported, as of the fiscal period end date.
Gross Margin represents Gross Profit divided by Revenue.
Operating Margin represents Operating Income divided by Total Revenue.
Pretax Margin represents Income Before Tax divided by Total Revenue.
Accumulated Goodwill Amortization represents accumulated amortization of goodwill acquired through mergers according to the Purchase Method. Unlike Accumulated Goodwill Amortization which generally appears as a negative value on the balance sheet, Accumulated Goodwill Amortization will generally be a positive value (exception being negative goodwill amortization which will be reflected as a negative value).
Effective Tax Rate represents Income Tax – Total divided by Income Before Tax.
Accumulated Intangible Amortization represents accumulated amortization against intangible fixed assets. Intangible fixed assets are expensed over the useful life of each asset, and amortization of each intangible is included in Accumulated Intangible Amortization. Accumulated Intangible Amortization will be reflected as a positive value.
Supplemental EPS is used to collect country specific reported EPS figures.
Treasury Shares – Preferred Issue 5 represents the number of preferred shares a company or its consolidated subsidiaries owns of the fifth class of stock when a company has more than one type of preferred shares. The description will match the reporting terminology used by the reporting company.
Advertising Expense - Supplemental represents the cost of advertising, media and promotional expenses. It may include outsourced advertising expenses for marketing.
Equity in Affiliates, Supplemental represents the share of earnings/losses that the company is entitled to from unconsolidated affiliated companies, but that has not been distributed as dividends.
Minority Interest, Supplemental represents the share of earnings/losses in subsidiaries that belongs to shareholders other than the parent company when the parent company owns less than 100%, but more than 50%, of a subsidiary.
Treasury Shares – Preferred Issue 6 represents the number of preferred shares a company or its consolidated subsidiaries owns of the sixth class of stock when a company has more than one type of preferred shares. The description will match the reporting terminology used by the reporting company.
Research & Development Expense, Supplemental represents expenses for research and development of new products and services by a company in order to obtain a competitive advantage.
Audit Fees, Supplemental comprise of fees for professional services necessary to perform an audit or review in accordance with the standards of the Public Company Accounting Oversight Board, including services rendered for the audit of the Company’s annual financial statements (including services incurred with rendering an opinion under Section 404 of the Sarbanes-Oxley Act of 2002) and review of quarterly financial statements.
Audit-Related Fees, Supplemental comprise fees for services that are reasonably related to the performance of the audit or review of the Company’s financial statements.
Tax Fees, Supplemental comprise of fees for tax compliance, tax planning, and tax advice. Corporate tax services encompass a variety of permissible services.
All Other Fees Paid to Auditor, Supplemental represents other professional fees paid to the Auditor by the company not classified as:
Audit Fees, Supplemental
Audit-Related Fees, Supplemental
Tax Fees, Supplemental.
Reported Recurring Revenue represents the portion of a company’s revenue that is highly likely to continue in the future. This is most commonly reported by banking and insurance companies.
Reported Net Premiums Written represents the company’s as reported value for Net Premiums Written within their financial report. This is most commonly reported by insurance companies.
Reported Total Revenue represents revenue from the sale of goods and services, depending on a specific company’s industry. This includes Industrial, Bank, Insurance and Utility companies.
Reported Operating Revenue represents the value generated by a company from its own operations. It excludes revenues from other activities, like investments.
Reported Total Cost of Revenue represents all costs that can be directly attributable to the revenues produced. This includes Industrial, Bank, Insurance and Utility companies.
Employees represents the number of full-time employees and full-time equivalents of part-time/temporary employees, as reported, as of the fiscal period end date. Employees includes part-time employees if the company does not differentiate between the two.
Current Tax – Local reflects the portion of a company’s current income tax provision attributable to local tax jurisdictions. Current Tax – Local does not include current provisions for federal or national income taxes.
Current Ratio represents Total Current Assets divided by Total Current Liabilities. Current Ratio is not available for non-detailed periods or for companies which report non-differentiated balance sheets.
Current Tax – Other reflects the portion of a company’s current income tax provision not classified as Current Tax – Domestic, Current Tax – Foreign or Current Tax – Local.
Net Debt represents the sum of:
Total Debt
Minority Interest
Redeemable Preferred Stock
Preferred Stock – Non Redeemable, Net;
Less
Cash
Cash & Equivalents
Short Term Investments.
When a company reports its total current taxes without any delineation between tax jurisdictions, this amount is classified as Current Tax – Total.
Tangible Book Value represents Total Equity less:
Goodwill, Net
Intangibles, Net
Redeemable Preferred Stock
Preferred Stock – Non Redeemable, Net.
Current Tax – Total reflects the sum of Current Tax – Domestic, Current Tax – Foreign, Current Tax – Local, Current Tax – Other and Current Tax – Total.
Tangible Book Value per Share represents Tangible Book Value divided by Total Common Shares Outstanding.
Deferred Tax – Domestic reflects the portion of a company’s deferred income tax provision attributable to its domestic tax jurisdiction. Deferred tax provisions are established to account for changes in deferred tax asset and liability accounts within a given period.
Reported Total Assets represents the company’s as reported total assets value within their financial report.
Reported Total Liabilities represents the company’s as reported liabilities value within their financial report.
Shareholders’ Equity excluding New Stock Subscription represents the company’s as reported Shareholders’ Equity excluding New Stock Subscription value within their financial report.
Reported Shareholders’ Equity represents the company’s as reported Shareholders’ equity value within their financial report. This represents the sum of:
Common Stock
Capital Surplus
Retained Earnings
Treasury Stock
Reported Net Assets represents the total net assets, as reported by the company within their financial report. It is the sum of:
Shareholders’ Equity
Valuation and Translation Adjustments
New Subscription Rights
Minority Interests.
Reported Equity to Total Assets represents the proportion of the company’s total assets that are owned by equity holders. It is an indication of the financing position of the company.
Reported Return on Assets represents a measure of the company’s management effectiveness in using its assets to generate earnings. It represents the company’s as reported value within their financial report.
Reported Return on Equity represents a measure of the company’s management effectiveness in using its equity to generate earnings. It is generally obtained using Net Income, divided by Shareholder’s equity. It represents the company’s as reported value within their financial report.
Net Profit Margin represents Income Available to Common Excluding Extraordinary Items divided by Total Revenue.
Deferred Revenue – Current represents advances received from customers for goods or services expected to be delivered within the following fiscal year. Since this revenue is considered ‘unearned’, a liability for this prepayment is recorded on the balance sheet until delivery of goods or completion of services. In addition to deferred revenues, companies may refer to this item as customer advances, deferred income or unearned revenue/income.
Normalized Earnings before Interest and Taxes represents the sum of:
Operating Income
Interest Expense (Income), Net Operating
Unusual Expense (Income)
Loss (Gain) on Sale of Assets – Operating.
Deferred Revenue – Long Term represents advances received from customers for goods or services expected to be delivered in greater than one year. Since this revenue is considered ‘unearned’, a liability for this prepayment is recorded on the balance sheet until delivery of goods or completion of services. In addition to deferred revenues, companies may refer to this item as customer advances, deferred income or unearned revenue/income.
Normalized Earnings before Interest, Taxes, Depreciation and Amortization represents the sum of:
Operating Income
Interest Expense (Income), Net Operating
Unusual Expense (Income)
Loss (Gain) on Sale of Assets – Operating
Depreciation, Supplemental
Amortization of Acquisition Costs, Supplemental
Amortization of Intangibles, Supplemental.
Total Risk-Weighted Capital reflects the value of both on and off balance sheet assets weighted for credit and market risks. Each asset is assigned a value based upon specific guidelines designed to evaluate the risk associated with the underlying asset. Total Risk-Weighted Capital represents the denominator in Tier 1 Capital and Total Capital Ratios and may also be referred to as Total Risk Adjusted Assets.
Bank Total Revenue represents the sum of:
Interest Income, Bank
Non-Interest Income, Bank.
Tier 1 Capital % reflects the ratio of Tier 1 Capital to Total Risk-Weighted Assets. Tier 1 Capital, also known as Core Capital, is defined as the sum of common stockholder’s equity, certain qualifying issues of preferred stock and minority interest, less goodwill, intangible assets, investments in certain subsidiaries and other adjustments.
Current Tax – Domestic reflects the portion of a company’s current income tax provision attributable to its domestic tax jurisdiction.
Total Capital % reflects the ratio of Total Capital to Total Risk-Weighted Assets. Total Capital includes all components of Tier 1 Capital plus perpetual preferred stock not included in Tier 1, senior and subordinated debt, limited life preferred stock and allowances for credit losses.
Trading Account represents an account held at a financial institution and administered by an investment dealer that the account holder uses to employ a trading strategy rather than a buy-and-hold investment strategy.
Credit Exposure represents all transactions where losses might occur due to the fact that counterparties may not fulfill their contractual payment obligations.
Non-Performing Loans represents loans that are in default or close to being in default.
Supplemental Item Assets under Management represents the market value of assets an investment company manages on behalf of investors. The Company includes in its assets under management, items such as:
Funds managed by foreign exchange overlay business
Short term investment funds managed as part of its securities lending business.
Total Current Assets less Inventory represents Total Current Assets minus Total Inventory. Total Current Assets less Inventory is not available for non-detailed periods or for companies which report non-differentiated balance sheets.
Current Tax – Foreign reflects the portion of a company’s current income tax provision attributable to non-domestic tax jurisdictions.
Quick Ratio represents Total Current Assets less Inventory divided by Total Current Liabilities. Quick Ratio is not available for non-detailed periods or for companies which report non-differentiated balance sheets.
Other Comprehensive Income represents any component of comprehensive income according to SFAS 130 other than:
Unrealized Gain (Loss)
Cumulative Translation Adjustment
Minimum Pension Liability Adjustment
It may include any change in equity during a period, except those resulting from investments by owners and distribution to owners.
Dividend per Share – Common Stock Issue 3 represents dividends paid per share for common share 3, when the company has more than one type of common stock outstanding.
Other Equity, Total represents the sum of:
Cumulative Translation Adjustment
Minimum Pension Liability Adjustment
Other Comprehensive Income
Other Equity.
Dividend per Share – Common Stock Issue 4 represents dividends paid per share for common share 4, when the company has more than one type of common stock outstanding.
Total Equity consists of the equity value of preferred shareholders, general and limited partners, and common shareholders, but does not include minority shareholders’ interest.
Special Dividends per Share – Common Stock represents special dividends paid per share to the primary common shareholders.
Special Dividends per Share – Common Stock Issue 2 represents special dividends paid per share for common share 2, where the company has more than one type of common stock outstanding.
Special Dividends per Share – Common Stock Issue 3 represents special dividends paid per share for common share 3, where the company has more than one type of common stock outstanding.
Special Dividends per Share – Common Stock Issue 4 represents special dividends paid per share for common share 4, where the company has more than one type of common stock outstanding.
Gross Dividends – Common Stock represents total dividends declared and paid to common shareholders for a period. It represents the gross amount of dividends, before taxes withheld for stockholders.
Total Liabilities & Shareholders’ Equity represents the sum of Total Liabilities and Total Equity.
Shares Outstanding – Common Stock Primary Issue represents the number of common shares outstanding in a company. When a company has two or more different types of common shares outstanding, Shares Outstanding – Common Stock Primary Issue represents the primary issue, which is most actively traded in the market. The description will match the reporting terminology used by the reporting company.
Pro Forma Stock Compensation Expense represents employee compensation paid in the form of stock options that have not yet been exercised and are not disclosed on the income statement.
Shares Outstanding – Common Issue 2 represents the total number of shares outstanding of a second class (determined by trading value) of a company’s common stock. The description will match the reporting terminology used by the reporting company.
Net Income After Stock-Based Compensation Expense represents Net Income Before Extraordinary Items reduced by Stock-Based Compensation Expense.
Shares Outstanding – Common Issue 3 represents the total number of shares outstanding of a third class (determined by trading value) of a company’s common stock. The description will match the reporting terminology used by the reporting company.
Basic EPS After Stock-Based Compensation Expense represents Net Income After Stock-Based Compensation Expense divided by Basic/Primary Weighted Average Shares.
Additional Paid-In Capital represents capital contributed by shareholders in excess of par value of common stock in return for shares issued to them.
Basic EPS Excluding Extraordinary Items represents Income Available to Common Excluding Extraordinary Items divided by Basic Weighted Average Shares.
Retained Earnings (Accumulated Deficit) represents residual earnings from operations, not distributed to shareholders. It may represent accumulated deficit when a company incurs losses over time.
Basic EPS Including Extraordinary Items represents Income Available to Common Stocks Including Extraordinary Items divided by Basic Weighted Average Shares.
Treasury Stock – Common represents common stock owned by the issuing company or its consolidated subsidiaries. Treasury stock is recorded at purchase cost, which is inclusive of par value, additional paid-in capital and retained earnings. As Treasury Stock – Common is a contra account against common stock; it is compiled as a negative figure.
Dilution Adjustment represents the adding back to reported net income the interest expense of debentures when assumed converted, and the adding back to the reported net income the convertible preferred dividends when assumed converted. The adjustment is used to calculate Diluted EPS.
ESOP Debt Guarantee represents all transactions related to a company’s Employee Stock Ownership Plan (ESOP), such as shares/debt/loans owned by ESOP.
Diluted Net Income represents Net Income adjusted by Dilution Adjustment for Diluted EPS computation. Diluted Net Income assumes the conversion of all convertible preferred stock and debt, which means the net income will be adjusted for not paying out any interest expense or preferred dividends.
Unrealized Gain (Loss) represents unrealized gains (losses) on investment securities owned by a company.
Diluted Weighted Average Shares represents the number of shares for Diluted EPS computation. This is used as a denominator for computation of Diluted EPS Excluding Extraordinary Items and Diluted EPS Including Extraordinary Items.
Cumulative Translation Adjustment represents translation gains (losses) on financial statements of foreign subsidiaries. Such adjustments may be required when the currency of a subsidiary is different from the reporting currency of the reporting company. Such gains (losses) are included as a part of comprehensive income according to SFAS 130, and are directly transferred to the shareholders’ equity.
Diluted EPS Excluding Extraordinary Items represents Diluted Net Income excluding Total Extraordinary Items and divided by Diluted Weighted Average Shares.
Other Equity represents any residual value of shareholders’ equity that belongs to shareholders but is not included in:
Redeemable Preferred Stock, Total
Preferred Stock – Non-Redeemable, Total
Common Stock, Total
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Treasury Stock – Common
ESOP Debt Guarantee
Unrealized Gain (Loss)
Cumulative Translation Adjustment
Minimum Pension Liability Adjustment
Other Comprehensive Income
Diluted EPS Including Extraordinary Items represents Diluted Net Income divided by Diluted Weighted Average Shares.
DPS – Common Stock Primary Issue represents dividends paid per share to the primary common shareholders.
Minimum Pension Liability Adjustment represents the minimum amount of additional liability necessary for pension liability on the balance sheet to equal the unfunded accumulated benefit obligation according to SFAS 130.
Dividend per Share – Common Stock Issue 2 represents dividends paid per share for common share 2, when the company has more than one type of common stock outstanding.
Shares Outstanding – Preferred Issue 3 represents the number of preferred shares outstanding of the third class of stock when a company has more than one type of preferred stock outstanding. The description will match the reporting terminology used by the reporting company.
Income Taxes Excluding Impact of Special Items represents the sum of Income Tax – Total and the Effect of Special Items on Income Taxes.
Shares Outstanding – Preferred Issue 4 represents the number of preferred shares outstanding of the fourth class of stock when a company has more than one type of preferred stock outstanding. The description will match the reporting terminology used by the reporting company.
Normalized Income After Taxes represents income after taxes excluding nonrecurring charges and/or credits and the related tax effects of excluding the non-recurring charges and/or credits. It is calculated by subtracting Income Taxes Except Impact of Special Items from Normalized Income Before Taxes.
Shares Outstanding – Preferred Issue 5 represents the number of preferred shares outstanding of the fifth class of stock when a company has more than one type of preferred stock outstanding. The description will match the reporting terminology used by the reporting company.
Normalized Income Available to Common represents the sum of Normalized Income After Taxes and Total Adjustments to Net Income.
Shares Outstanding – Preferred Issue 6 represents the number of preferred shares outstanding of the sixth class of stock when a company has more than one type of preferred stock outstanding. The description will match the reporting terminology used by the reporting company.
Basic Normalized EPS represents Normalized Income Available to Common divided by Basic Weighted Average Shares.
Total Preferred Shares Outstanding represents an aggregated number of preferred shares outstanding. Total Preferred Shares Outstanding is calculated differently from Total Common Shares Outstanding, which aggregates an equivalent number of primary issue shares using conversion ratios from each common share outstanding. Total Preferred Shares Outstanding does a simple aggregation of the number of each preferred share outstanding, without any conversion.
Diluted Normalized EPS represents Normalized Income Available to Common adjusted for Dilution Adjustment divided by Diluted Weighted Average Shares.
Treasury Shares – Primary Preferred Issue represents the number of primary preferred shares owned by the company itself and/or its consolidated subsidiaries. The description will match the reporting terminology used by the reporting company.
Amortization of Acquisition Costs, Supplemental represents systematic charges to expense over the useful lives of assets that lack physical existence and have a high degree of uncertainty concerning future benefits.
Treasury Shares – Preferred Issue 2 represents the number of preferred shares a company or its consolidated subsidiaries owns of the second class of stock when a company has more than one type of preferred shares. The description will match the reporting terminology used by the reporting company.
Amortization of Intangibles, Supplemental represents systematic charges to expense over the useful lives of assets that lack physical existence and a high degree of uncertainty concerning future benefits.
Treasury Shares – Preferred Issue 3 represents the number of preferred shares a company or its consolidated subsidiaries owns of the third class of stock when a company has more than one type of preferred shares. The description will match the reporting terminology used by the reporting company.
Rental Expense, Supplemental represents rental expenses paid for offices, factories, machinery and equipment.
Treasury Shares – Preferred Issue 4 represents the number of preferred shares a company or its consolidated subsidiaries owns of the fourth class of stock when a company has more than one type of preferred shares. The description will match the reporting terminology used by the reporting company.
Shares Outstanding – Common Issue 4 represents the total number of shares outstanding of a fourth class (determined by trading value) of a company’s common stock. The description will match the reporting terminology used by the reporting company.
Diluted EPS After Stock-Based Compensation Expense represents Net Income After Stock-Based Compensation Expense plus the Dilution Adjustment, divided by Diluted Weighted Average Shares.
Stock-Based Compensation, Supplemental represents expense related to the adoption of FAS 123(R), “Share-Based Payment”. Stock-Based Compensation expense is measured at the grant date based on the fair value of the award and is recognized as expense over the employee requisite service period.
Total Common Shares Outstanding represents the number of primary common shares equivalent outstanding. When a company has more than one type of common shares outstanding, the number of shares outstanding for each category is collected and displayed using Shares Outstanding – Common Stock Primary Issue, Shares Outstanding – Common Issue 2, Shares Outstanding – Common Issue 3, and Shares Outstanding – Issue 4. Then, each of issues 2, 3, and 4 is converted to the equivalent of the Primary Issue and are aggregated to derive Total Common Shares Outstanding.
Interest Expense, Supplemental represents interest expense that may be paid and/or imputed, and are reported net of interest capitalized. When interest expense is not reported on the income statement, it is obtained from the notes of the financial statement.
Treasury Shares – Common Primary Issue represents the number of common shares owned by the company itself and its consolidated subsidiaries. When a company has more than one type of common shares, Treasury Shares – Common Primary Issue represents the number of primary issue shares owned by the company itself or its consolidated subsidiaries. The description will match the reporting terminology used by the reporting company and is related to the corresponding common class of stock.
Interest Capitalized, Supplemental represents interest charges deferred to a company’s property, plant and equipment account, amortized over the life of the related assets. If Interest Capitalized, Supplemental is not provided on the income statement, it is obtained from the notes. It is always reported as a negative figure.
Treasury Shares – Common Issue 2 represents the number of common shares a company or its consolidated subsidiaries owns of the second class of stock, when a company has more than one type of common shares. The description will match the reporting terminology used by the reporting company and is related to the corresponding common class of stock.
Depreciation, Supplemental represents the accounting process of allocating the cost of tangible assets to expenses in a systematic and rational manner to those periods expected to benefit from the use of the assets.
Funds From Operations (FFO) – REIT represents, according to the National Association of Real Estate Investment Trusts, Inc. (NAREIT), net income computed in accordance with Generally Accepted Accounting Principals (GAAP), excluding gains (or losses) from debt restructuring and sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. Funds From Operations – REIT is always found in the notes.
Treasury Shares – Common Issue 3 represents the number of common shares a company or its consolidated subsidiaries owns of the third class of stock, when a company has more than one type of common shares. The description will match the reporting terminology used by the reporting company and is related to the corresponding common class of stock.
Treasury Shares – Common Issue 4 represents the number of common shares a company or its consolidated subsidiaries owns of the fourth class of stock, when a company has more than one type of common shares. The description will match the reporting terminology used by the reporting company and is related to the corresponding common class of stock.
Total Special Items captures all of the unusual/one-time/special items that impact a company in any given period.
Shares Outstanding – Preferred Stock Primary Issue represents the number of preferred shares outstanding. When a company has more than one type of preferred stock outstanding, the preferred stock that is most actively traded and into which other preferred shares may be converted, is chosen as the primary issue and classified as Shares Outstanding – Preferred Stock Primary Issue. The description will match the reporting terminology used by the reporting company.
Normalized Income Before Taxes represents income before taxes excluding nonrecurring charges and/or credits. It represents the sum of Income Before Tax and Total Special Items.
Shares Outstanding – Preferred Issue 2 represents the number of preferred shares outstanding of the second class of stock when a company has more than one type of preferred stock outstanding. The description will match the reporting terminology used by the reporting company.
Effect of Special Items on Income Taxes represents the tax effect of non-recurring charges and/or credits.
Standardized Operating Lease Payments Due in Year 6 and Beyond represents Total Operating Leases, Supplemental less Standardized Operating Lease Payments Due within 1 Year, Standardized Operating Lease Payments Due in Year 2, Standardized Operating Lease Payments Due in Year 3, Standardized Operating Lease Payments Due in Year 4 and Standardized Operating Lease Payments Due in Year 5.
Defined Contribution Expense – Foreign represents funds contributed to benefit plans during reported period.
Value of benefits for plans based in the company’s home country.
Defined Contribution Expense Post-Retirement represents funds contributed to benefit plans during reported period.
Value of benefits for plans based in countries other than the company’s home country.
Total Pension Expense represents the following:
Defined Contribution Expense – Domestic
Defined Contribution Expense – Foreign
Defined Contribution Expense – Post-Retirement.
Value of benefits for Post-Retirement plans based in countries other than the company’s home country.
Discount Rate – Domestic represents the rate used in determining the present value of plan obligations for plans based in the company’s home country.
Fair value of plan assets for plans based in the company’s home country.
Discount Rate – Foreign represents the rate used in determining the present value of plan obligations for plans based in countries other than the company’s home country.
Fair value of plan assets for plans based in countries other than the company’s home country.
Discount Rate - Post-Retirement represents the rate used in determining the present value of plan obligations for Post-Retirement plans.
Plan Assets – Post-Retirement represents the fair value of plan assets for Post-Retirement Plans.
Expected Rate of Return- Domestic represents the estimated return on plan assets for plans based in the company’s home country.
Presents funding status of plan. Funded Status is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. This is the “headline” number cited when a company’s pension plan is considered “under funded”. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan’s assets.
Expected Rate of Return – Foreign represents the estimated return on plan assets for plans based in countries other than the company’s home country.
Funded Status – Foreign represents the funding status of plan. Funded Status is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. This is the “headline” number cited when a company’s pension plan is considered “under funded”. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan’s assets.
Service Cost – Post-Retirement represents the present value of pension benefits attributed to current reporting period for Post-Retirement plans.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Prior Service Cost – Post-Retirement represents the cost of retroactive benefits granted in a plan amendment for Post-Retirement plans.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Expected Return on Plan Assets –Post-Retirement represents the reporting company’s expected long term return on its pension plan assets for Post-Retirement plans.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Actuarial Gains and Losses - Post-Retirement represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Curtailments and Settlements - Post-Retirement reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Transition Costs – Post-Retirement represents the expenses associated with a change in plans. For example, costs associated with a change from publicly provided old age pensions to privately owned retirement accounts.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Other Post-Retirement, Net represents the other components of net periodic pension costs not classified as Service Costs, Interest Costs, Expected Return on Plan Assets, Actuarial Gains\Losses, Amortization of Unrecognized Prior Service Costs, Settlements, Curtailments, or Transition Costs.
Standardized Operating Lease Payments Due in Years 2 and 3 represents the summation of Standardized Operating Lease Payments Due in Year 2 and Standardized Operating Lease Payments Due in Year 3.
Post-Retirement Plan Expense consists of all incomes and expenses associated with the company’s Post-Retirement plan.
Standardized Operating Lease Payments Due in Years 4 and 5 represents the summation of Standardized Operating Lease Payments Due in Year 4 and Standardized Operating Lease Payments Due in Year 5.
Defined Contribution Expense – Domestic represents funds contributed to benefit plans during reported period.
Total Plan Expected Return represents the total amount of expected return on all of a company’s pension and post-retirement plans. It is calculated as the sum of:
Expected Return on Assets – Domestic
Expected Return on Assets – Foreign
Expected Return on Assets – Post Retirement.
Rate used in determining the present value of plan obligations for Post-Retirement plans.
Total Plan Other Expense represents the total amount of other expenses on all of a company’s pension and post-retirement plans. It is calculated as the sum of:
Other Pension, Net - Domestic
Other Pension, Net – Foreign
Other Post Retirement, Net.
Expected Rate of Return- Domestic reflects the estimated return on plan assets for plans based in the company’s home country.
Estimated return on plan assets for plans based in countries other than the company’s home country.
Estimated return on plan assets for Post-Retirement plans.
Projected increase in salaries used in calculation of future benefit obligations for plans based in the company’s home country.
Projected increase in salaries used in calculation of future benefit obligations for plans based in countries other than the company’s home country.
Projected increase in salaries used in calculation of future benefit obligations for Post-Retirement plans.
Payment rate of pension plans for plans based in the company’s home country.
Payment rate of pension plans for plans based in countries other than the company’s home country.
Assumption rates are given for both the Income Statement and Balance Sheet. The rates labeled “For The Years Ended …” are to be populated on the Income Statement. The rates labeled “At ….” are to be populated on the Balance Sheet.
Cumulative employer contributions in excess of accrued net pension cost for plans based in the company’s home country.
Cumulative employer contributions in excess of accrued net pension cost for plans based in countries other than the company’s home country.
Cumulative employer contributions in excess of accrued net pension cost for Post-Retirement plans.
Legal claims to future benefits for plans based in the company’s home country.
Legal claims to future benefits for plans based in countries other than the company’s home country.
Expected Rate of Return - Post-Retirement represents the estimated return on plan assets for Post-Retirement plans.
Funded Status – Post-Retirement represents funding status of plan. Funded Status is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. This is the “headline” number cited when a company’s pension plan is considered “under funded”. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan’s assets.
Compensation Rate – Domestic represents the projected increase in salaries used in calculation of future benefit obligations for plans based in the company’s home country.
Present value of all plan obligations (both vested and non-vested) as of measurement date. Unlike the Projected Benefit Obligation, the ABO makes no assumptions about future compensation levels of plan participants.
Compensation Rate – Foreign represents the projected increase in salaries used in calculation of future benefit obligations for plans based in countries other than the company’s home country.
Present value of all plan obligations (both vested and non-vested) as of measurement date. Unlike the Projected Benefit Obligation, the ABO makes no assumptions about future compensation levels of plan participants.
Compensation Rate - Post-Retirement represents the projected increase in salaries used in calculation of future benefit obligations for Post-Retirement plans.
Present value of all plan obligations (both vested and non-vested) as of measurement date. Unlike the Projected Benefit Obligation, the ABO makes no assumptions about future compensation levels of plan participants.
Pension Payment Rate – Domestic represents the payment rate of pension plans for plans based in the company’s home country.
An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan’s assets (i.e. accumulated benefit obligation exceeds plan assets).
Pension Payment Rate – Foreign represents the payment rate of pension plans for plans based in countries other than the company’s home country.
Funded Status is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan’s assets.
Assumptions represents the estimates of the occurrence of future events affecting pension costs, such as mortality, withdrawal, disablement and retirement, changes in compensation and national pension benefits, and discount rates to reflect the time value of money.
Total Plan Interest Cost represents the total amount of interest costs paid on all of a company’s pension and post-retirement plans. It is calculated as the sum of:
Interest Cost – Domestic
Interest Cost – Foreign
Interest Cost – Post Retirement.
Rate used in determining the present value of plan obligations for plans based in the company’s home country.
Total Plan Service Cost represents the total amount of service costs paid on all of a company’s pension and post-retirement plans. It is calculated as the sum of:
Service Cost – Domestic
Service Cost – Foreign
Service Cost – Post Retirement.
Rate used in determining the present value of plan obligations for plans based in countries other than the company’s home country.
When a company reports its income tax provision segmented between current and deferred taxes, any non-current or non-deferred items not classified as Domestic Tax – Other, Foreign Tax – Other and Local Tax – Other will be reported as Other Tax.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Income Tax – Total reflects the sum of Domestic Tax - Other, Foreign Tax – Other, Local Tax – Other and Other Tax.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
When a company reports its tax provisions segmented by geographic location of tax jurisdiction, any tax provision attributable to its domestic tax jurisdiction will be classified as Domestic Tax. If disclosed separately, tax provisions attributable to local tax jurisdictions will be classified as Local Tax.
Standardized Long Term Debt Maturing in Years 2 and 3 represents the summation of Standardized Long Term Debt Maturing in Year 2 and Standardized Long Term Debt Maturing in Year 3.
When a company reports its tax provision segmented by geographic location of tax jurisdiction, any tax provision attributable to nondomestic tax jurisdictions will be classified as Foreign Tax.
Standardized Long Term Debt Maturing in Years 4 and 5 represents the summation of Standardized Long Term Debt Maturing in Year 4 and Standardized Long Term Debt Maturing in Year 5.
When a company reports its tax provision segmented by geographic location of tax jurisdiction, any tax provision attributable to its local tax jurisdictions will be classified as Local Tax. Provisions attributable to national or federal income tax are not included in this value.
Standardized Long Term Debt Maturing in Year 6 and Beyond represents Total Long Term Debt, Supplemental less Standardized Long Term Debt Maturing within 1 Year, Standardized Long Term Debt Maturing in Year 2, Standardized Long Term Debt Maturing in Year 3, Standardized Long Term Debt Maturing in Year 4 and Standardized Long Term Debt Maturing in Year 5
When a company reports its tax provision segmented by geographic location of tax jurisdiction, any tax provision not classified as Domestic Tax, Foreign Tax or Local Tax, will be recorded as Other Tax.
Interest Costs reflects the growth (interest rate) value discounted from future capital lease payments to reconcile these payments to present value. This item will be used when capital lease maturities are presented as gross payments (versus maturities presented at present value). It will always be reported as a negative value.
Income Tax by Region – Total reflects the sum of Domestic Tax, Foreign Tax, Local Tax and Other Tax.
Executory Costs reflects administrative, legal, and tax expense deducted from future capital lease payments to reconcile payments to present value. This item will be used when capital lease maturities are presented as gross payments (versus maturities presented at present value). It will always be reported as a negative value.
Interest Cost – Domestic represents the increase in projected benefit obligation due to the passage of time for plans based in the company’s home country.
Service Cost – Domestic represents the present value of pension benefits attributed to current reporting period for plans based in the company’s home country.
Total Capital Leases reflects the sum of Capital Leases Maturing within 1 through 10 Years, Capital Leases – Remaining Maturities, Interest Costs and Executory Costs.
Deferred Tax – Foreign reflects the portion of a company’s deferred income tax provision attributable to non-domestic tax jurisdictions. Deferred tax provisions are established to account for changes in deferred tax asset and liability accounts within a given period.
Total Long Term Debt, Supplemental reflects the sum of Long Term Debt Maturing within 1 through 10 Years and Long Term Debt – Remaining Maturities.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Deferred Tax – Local reflects the portion of a company’s deferred income tax provision attributable to local tax jurisdictions. Deferred tax provisions are established to account for changes in deferred tax asset and liability accounts within a given period. It does not include deferred provisions for federal or national income taxes.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Deferred Tax – Other reflects the portion of a company’s deferred income tax provision not classified as Deferred Tax – Domestic, Deferred Tax – Foreign or Deferred Tax – Local.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
When a company reports its total deferred taxes without any delineation between tax jurisdictions, this amount is classified as Deferred Tax – Total.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Deferred Tax – Total reflects the sum of Deferred Tax – Domestic, Deferred Tax – Foreign, Deferred Tax – Local, Deferred Tax – Other and Deferred Tax – Total.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
When a company reports its income tax provision segmented between current and deferred taxes, any items attributable to its domestic tax jurisdiction but not classified as either current or deferred, will be reported as Domestic Tax – Other . If disclosed separately, tax provisions attributable to local tax jurisdictions, but not classified as either current or deferred, will be reported as Local Tax – Other.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
When a company reports its income tax provision segmented between current and deferred taxes, any items attributable to its foreign tax jurisdictions, but not allocated to either current or deferred, will be classified as Foreign Tax – Other.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
When a company reports its income tax provision segmented between current and deferred taxes, any items attributable to its local tax jurisdictions, but not classified as either current or deferred, will be reported as Local Tax – Other. Provisions attributable to national or federal income tax are not included in this value.
These values represent the amount of long term debt maturing within a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their long term debt maturities in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Prior Service Cost – Foreign represents the cost of retroactive benefits granted in a plan amendment for plans based in countries other than the company’s home country.
Standardized Capital Lease Payments Due in Years 2 and 3 represents the summation of Standardized Capital Lease Payments Due in Year 2 and Standardized Capital Lease Payments Due in Year 3.
Expected Return on Plan Assets –Foreign represents the reporting company’s expected long term return on its pension plan assets for plans based in countries other than the company’s home country. This item should not be confused with Actual Return on Plan Assets.
Standardized Capital Lease Payments Due in Years 4 and 5 represents the summation of Standardized Capital Lease Payments Due in Year 4 and Standardized Capital Lease Payments Due in Year 5.
Actuarial Gains and Losses – Foreign represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.
Standardized Capital Lease Payments Due in Year 6 and Beyond represents Total Capital Leases, Supplemental less Standardized Capital Lease Payments Due within 1 Year, Standardized Capital Lease Payments Due in Year 2, Standardized Capital Lease Payments Due in Year 3, Standardized Capital Lease Payments Due in Year 4 and Standardized Capital Lease Payments Due in Year 5.
Curtailments and Settlements - Foreign represents the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.
Transition Costs – Foreign represents the expenses associated with a change in plans. For example, costs associated with a change from publicly provided old age pensions to privately owned retirement accounts.
Total Operating Leases reflects the sum of Operating Leases Maturing within 1 through 10 Years and Operating Leases – Remaining Maturities.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Other Pension, Net – Foreign represents the other components of net periodic pension costs not classified as Service Costs, Interest Costs, Expected Return on Plan Assets, Actuarial Gains\Losses, Amortization of Unrecognized Prior Service Costs, Settlements, Curtailments, or Transition Costs.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Foreign Pension Plan Expense consists of all incomes and expenses associated with the company’s Foreign pension plan.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Interest Cost – Post-Retirement represents the increase in projected benefit obligation due to the passage of time, for Post-Retirement plans.
These values represent the amount of operating lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their operating lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Prior Service Cost – Domestic represents the cost of retroactive benefits granted in a plan amendment for plans based in the company’s home country.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Expected Return on Plan Assets - Domestic represents the reporting company’s expected long term return on its pension plan assets.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Actuarial Gains and Losses – Domestic represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Curtailments and Settlements – Domestic reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Transition Costs – Domestic represents the expenses associated with a change in plans. For example, costs associated with a change from publicly provided old age pensions to privately owned retirement accounts.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Other Pension, Net – Domestic represents other components of net periodic pension cost not classified as Service Cost, Interest Cost, Expected Return on Plan Assets, Actuarial Gains/Losses, Amortization of Unrecognized Prior Service Costs, Settlements, Curtailments or Transition Costs.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Domestic Pension Plan Expense consists of all incomes and expenses associated with the company’s Domestic pension plan.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Interest Cost – Foreign represents the increase in projected benefit obligation due to the passage of time for plans based in countries other than the company’s home country.
These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.
Service Cost – Foreign represents the present value of pension benefits attributed to current reporting period for plans based in countries other than the company’s home country.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is EBIT for the trailing twelve months plus the same period's Depreciation and Amortization expenses (from the Statement of Cash Flows)
EBIT is computed as Total Revenues for the most recent fiscal year minus Total Operating Expenses plus Operating Interest Expense for the same period. This definition excludes non-operating income and expenses.
EBIT is computed as Total Revenues for the most recent interim period minus Total Operating Expenses plus Operating Interest Expense for the same period. This definition excludes non-operating income and expenses.
EBIT is computed as Total Revenues for the trailing twelve months minus Total Operating Expenses plus Operating Interest Expense for the same period. This definition excludes non-operating income and expenses.
This is the Adjusted Income Available to Common Stockholders for the most recent interim period plus Discontinued Operations, Extraordinary Items, and Cumulative Effect of Accounting Changes for the same period divided by the most recent interim period's Diluted Weighted Average Shares Outstanding.
This is the Adjusted Income Available to Common Stockholders for the trailing twelve months divided by the trailing twelve month Diluted Weighted Average Shares Outstanding.
This is the declaration date for latest dividend payment reported by the company.
This is the number of freely traded shares in the hands of the public. Float is calculated as Shares Outstanding minus Shares Owned by Insiders, 5% Owners, and Rule 144 Shares.
This value measures the percent of revenue left after paying all direct production expenses. It is calculated as annual Total Revenue minus annual Cost of Goods Sold divided by annual Total Revenue and multiplied by 100.
This value measures the percent of revenue left after paying all direct production expenses. It is calculated as quarterly Total Revenue minus quarterly Cost of Goods Sold divided by quarterly Total Revenue and multiplied by 100.
This value measures the percent of revenue left after paying all direct production expenses. It is calculated as the trailing 12 months Total Revenue minus the trailing 12 months Cost of Goods Sold divided by the trailing 12 months Total Revenue and multiplied by 100.
This is the number of institutions (pension funds, mutual funds, etc.) that currently report an investment position in the company's stock.
This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the most recent fiscal year divided by Average Inventory. Average Inventory is the average of the Inventory at the beginning and end of the year.
This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the most recent interim period divided by Average Inventory. Average Inventory is the average of the Inventory at the beginning and the end of the interim period.
This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the trailing twelve months divided by Average Inventory. Average Inventory is calculated by adding the Inventory for the 5 most recent quarters and dividing by 5.
This ratio is the Total Long Term Debt for the most recent fiscal year divided by Total Shareholder Equity for the same period.
This is the current Price divided by Cash Flow Per Share for the most recent fiscal year. Cash Flow is defined as Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.
This is the Current Price divided by the latest interim period Book Value Per Share.
This is the Current Price divided by the latest annual Book Value Per Share.
This is the percent of common stock held by all the reporting institutions as a group. It is calculated as Total Shares owned by Institutions divided by Total Shares Outstanding multiplied by 100.
The P/E Ratio for each of the past 60 months is calculated using the month end Price divided by the trailing twelve month Earnings Per Share (EPS) Excluding Extraordinary Items ending at least 1 month earlier than the pricing date. The lowest of these 60 P/E values is the 5 Year Low Price Earnings Ratio.
The P/E Ratio for each of the past 60 months is calculated using the month end Price divided by the trailing twelve month Earnings Per Share (EPS) Excluding Extraordinary Items ending at least 1 month earlier than the pricing date. The highest of these 60 P/E values is the 5 Year High Price Earnings Ratio.
This value measures the percent of revenues remaining after paying all operating expenses. It is calculated as the trailing 12 months Operating Income divided by the trailing 12 months Total Revenue, multiplied by 100. Operating Income is defined as Total Revenue minus Total Operating Expenses.
Also known as Return on Sales, this value is the Income After Taxes for the trailing twelve months divided by Total Revenue for the same period and is expressed as a percentage.
This value measures the percent of revenues remaining after paying all operating expenses. It is calculated as interim operating Income divided by interim Total Revenue, multiplied by 100. Operating Income is defined as Total Revenue minus Total Operating Expenses.
This value measures the percent of revenues remaining after paying all operating expenses. It is calculated as annual Operating Income divided by annual Total Revenue, multiplied by 100. Operating Income is defined as Total Revenue minus Total Operating Expenses.
Also known as Return on Sales, this value is the Income After Taxes for the most recent interim period divided by Total Revenue for the same period and is expressed as a percentage.
Also known as Return on Sales, this value is calculated by dividing Net Income for the most recent fiscal year by Total Revenue for the same period and is expressed as a percentage.
This is the net difference between the NUMBER of officers and directors that purchased the company's stock and the NUMBER of officers and directors that sold the company's stock in the last six months.
Net Income Including Extraordinary Items represents net income after being adjusted by extraordinary items, such as accounting changes, discontinued operations, extraordinary items, and taxes on extraordinary items.
Net Income Before Extraordinary Items represents net income before being adjusted by extraordinary items, such as accounting changes, discontinued operations, extraordinary items, and taxes on extraordinary items.
This value is calculated by multiplying the current Price by the current number of Shares Outstanding.
This ratio is the Total Long Term Debt for the most recent interim period divided by Total Shareholder Equity for the same period.
This ratio is calculated by dividing the current Price by the sum of the Basic Earnings Per Share from continuing operations BEFORE Extraordinary Items and Accounting Changes over the last four quarters.
This ratio is calculated by dividing the current Price by the sum of the Diluted Earnings Per Share from continuing operations BEFORE Extraordinary Items and Accounting Changes for the latest annual period.
This is the percentage change in the company's stock price over the last twenty six weeks.
This is the percentage change in the company's stock price over the last four weeks.
The 5 Day Price Percent Change is the percentage change in the company's stock price over the last 5 tradable (business) days. If the issue did not trade at the beginning of this period, then the latest price prior to 5 days ago will be used.
This growth rate is the compound annual growth rate of Sales Per Share over the last 5 years.
This growth rate is the compound annual growth rate of Earnings Per Share Excluding Extraordinary Items and Discontinued Operations over the last 5 years.
The highest intraday price during the preceding 52 weeks.
The lowest intraday price during the preceding 52 weeks.
This is the percentage change in the company's stock price over the last fifty two weeks.
This growth rate is the compound annual growth rate of cash dividends per common share of stock over the last 5 years.
The Five Year Revenue Growth Rate is the annual compounded growth rate of Revenues over the last 5 years.
This is the date that the most recent Short Interest information reflects.
This value is calculated as the Total Revenues for the most recent year divided by the Average Total Assets. The Average Total Assets is the average of the Total Assets at the beginning and end of the year.
This value is calculated as the Total Revenues for the most recent interim period divided by the Average Total Assets. The Average Total Assets are the average of the Total Assets for the beginning and ending of the interim period.
This value is calculated as the Total Revenues for the trailing twelve months divided by the Average Total Assets. The Average Total Assets is defined as the Total Assets for the 5 most recent quarters divided by 5.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is EBIT for the most recent interim period plus the same period's Depreciation and Amortization expenses (from the Statement of Cash Flows).
EBITDA is EBIT for the most recent fiscal year plus the same period's Depreciation and Amortization expenses (from the Statement of Cash Flows).
This is the sum of the Cash Dividends per share paid to common stockholders during the last trailing twelve month period.
This is the Dividend Per Share amount paid by the company for the most recent fiscal year.
This value is the total of the expected dividend payments over the next twelve months. It is generally the most recent cash dividend paid or declared multiplied by the dividend payment frequency, plus any recurring extra dividends.
This is the Adjusted Income Available to Common Stockholders for the most recent fiscal year plus Discontinued Operations, Extraordinary Items, and Cumulative Effect of Accounting Changes for the same period divided by the most recent fiscal year's Diluted Weighted Average Shares Outstanding.
This is the Adjusted Income Available to Common Stockholders for the most recent fiscal year divided by the most recent fiscal year's Diluted Weighted Average Shares Outstanding.
This is the ratio of Total Current Assets for the most recent interim period divided by Total Current Liabilities for the same period.
This is the ratio of Total Current Assets for the most recent fiscal year divided by Total Current Liabilities for the same period.
This value is the trailing twelve month Cash Flow divided by the trailing twelve month Average Shares Outstanding. Cash Flow is defined as the sum of Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.
This is Cash Flow for the most recent interim period divided by the Average Shares Outstanding for the same period. Cash Flow is defined as the sum of Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.
This is Cash Flow for the most recent fiscal year divided by the Average Shares Outstanding for the same period. Cash Flow is defined as the sum of Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.
This is the Total Cash plus Short Term Investments divided by the Shares Outstanding at the end of the most recent interim period.
This is the Total Cash plus Short Term Investments divided by the Shares Outstanding at the end of the most recent fiscal year.
This is defined as the Common Shareholder's Equity divided by the Shares Outstanding at the end of the most recent interim period. Book Value is the Total Shareholder's Equity minus Preferred Stock and Redeemable Preferred Stock.
This is defined as Common Shareholder's Equity divided by the Shares Outstanding at the end of the most recent fiscal year. Book Value is the Total Shareholder's Equity minus Preferred Stock and Redeemable Preferred Stock.
Beta is a measure of a company's common stock price volatility relative to the market. Thomson Reuters Beta is the slope of the 60 month regression line of the percentage price change of the stock relative to the percentage price change of the local index
This represents the number of days it would take to cover the Short Interest if trading continued at the average daily volume for the month. It is calculated as the Short Interest for the Current Month divided by the Average Daily Volume.
This ratio is Total Debt for the most recent fiscal year divided by Total Shareholder Equity for the same period.
This ratio is Total Debt for the most recent interim period divided by Total Shareholder Equity for the same period.
The Pricing Date is the date at which the issue was last priced.
This is the daily average of the cumulative trading volume for the last 10 days.
This is the monthly average of the cumulative trading volume during the last three months. It is calculated by dividing the cumulative trading volume of the last 91 days by 3.
This value is the average of the dividend yield over the last 60 months.
This value is the current percentage dividend yield based on the present cash dividend rate. It is calculated as the Indicated Annual Dividend divided by the current Price, multiplied by 100.
This is the percentage change in the company's stock price since the close of the last trading day of the previous year.
Cash represents cash on hand, balances on demand deposits, and near-term savings and time deposits. These should be readily available for use and must be free from any contractual restrictions that limit their use in satisfying debts and other operational cash needs. When cash includes short-term investments and deposits, it is classified as Cash and Equivalents rather than as Cash.
Net Income/Starting Line is the first line of a cash flow statement when a company employs the Indirect Method in the operating cash flow section.
Net Sales represents sales receipts for products and services, less cash discounts, trade discounts, excise tax, and sales returns and allowances. Revenues are recognized according to applicable accounting principles.
Cash and Equivalents represents short-term, highly liquid investments that are both readily convertible to known amounts of cash and so close to their maturity that they present insignificant risk of changes in interest rates. Only investments with original maturities of three months or less qualify under these definitions. When cash is delineated separately it is classified as Cash, rather than as Cash and Equivalents.
Gross Revenue consists of gross receipts from the sale of products and services. Gross receipts are the summation of invoice values before any adjustments such as Sales Returns and Allowances or Excise Tax Receipts.
Depreciation – Supplemental represents total non-cash depreciation expenses. Depreciation also represents the amount of expense charged against earnings by a company to write off the cost of a plant or machine over its useful life, giving consideration to wear and tear, obsolescence and salvage value.
Short-Term Investments consists of any investments in debt and equity securities with maturity of one year or less. The “short-term” nature depends on actual maturity of one year from the balance sheet date rather than on the original maturity of a specific investment. When a company reports its assets without segregation between current and non-current, all investments are classified as Long-Term Investments - Other.
Amortization represents the sum of:
Amortization of Intangibles
Amortization of Acquisition Costs
Amortization of Deferred Policy Costs.
Steam Operations include revenue from the distribution of steam, which is mostly used for space heating. Such services are often found in densely populated urban areas in the U.S. and throughout Europe.
Notes Receivable – Short-Term represents promissory notes received in exchange for goods sold or services rendered by a company to customers in the normal course of business.
Water Operations includes revenue from the distribution of water through local distribution establishments, which is regulated by local authorities.
Amortization of Deferred Policy Acquisition Costs represents amortization of deferred policy acquisition costs for an insurance company. Deferred policy acquisition costs represent commissions already paid for insurance policies acquired.
Accounts Receivable – Trade, Net represents claims held against customers for goods sold or services rendered as part of normal business operations.
Gas Operations includes revenue from the sale of gas through local distribution establishments, which is regulated by local authorities. It also includes service charges related to gas distribution.
Amortization of Acquisition Costs represents a non-cash expense, from the amortization of goodwill or business acquisition costs capitalized.
Provision for Doubtful Accounts represents provisions established for doubtful accounts receivable. It is usually established on the basis of maturities of receivables and the company’s experience on collecting such receivables. Since this is an asset account, Provision for Doubtful Accounts is established as a contra account to receivables and expressed in a negative figure.
Electric Operations represents revenue from regulated electric sales. It also includes service charges related to electricity distribution activities.
Amortization of Intangibles represents a non-cash expense incurred due to the amortization of intangible fixed assets.
Accounts Receivable – Trade, Gross represents receivables from sales of trading assets (such as inventories) or from services provided. Trade accounts receivable are restricted to “current” assets, where “current” is defined as one year or one operating cycle of the company, whichever is longer. This information is classified as Accounts Receivable – Trade, Gross only when it is presented as such on the company’s balance sheet or in its notes.
Depreciation/Depletion represents the sum of Depreciation and Depletion. Depreciation/Depletion is usually the largest non-cash expense factored into net income under the Indirect Cash Flow Method.
Cash and Short-Term Investments is the sum of:
Cash
Cash & Equivalents
Short-Term Investments.
Excise Taxes Receipts represents a government-levied tax on the manufacture, sale, or consumption of goods and services, and is included in the sale price, collected by the seller, and returned to the government. The tax can be imposed at any trade level and can either be a specific tax or a value-added tax (percentage of value).
Sales Returns and Allowances reflects a reduction in gross sales resulting from merchandise being returned by customers or from the seller’s reduction in the original sales price -- a contra account to sales. It may consist of any merchandise returned for credit or cash refund, or a price reduction granted for damaged goods kept by the customer. Excise Tax Payments and Sales Returns and Allowances are used to adjust Gross Revenue to give a Net Sales equivalent figure.
Depletion represents a non-cash expense: depletion of depletable fixed assets such as oil reserves, forests or mineral extraction rights. Depletion is an equivalent of depreciation, but is applied to consumable fixed assets or rights on mining assets.
This is the ratio of Total Revenue for the most recent fiscal year divided by Average Accounts Receivables. Average Receivables is the average of the Accounts Receivables at the beginning and end of the year.
This is the ratio of Total Revenue for the most recent interim period divided by Average Accounts Receivables. Average Receivables is the average of Accounts Receivable in the beginning and end of the interim period.
This is the ratio of Total Revenue for the trailing twelve months divided by Average Accounts Receivables. Average Receivables is calculated by adding the Accounts Receivables for the 5 most recent quarters and dividing by 5.
This is the close price for the issue from the day it last traded. It is also referred to as the Current Price. Note that some issues may not trade every day, and therefore it is possible for this price to come from a date prior to the last business day.
The Quick Ratio, also known as the Acid Test Ratio, is defined as Total Current Assets minus Total Inventory for the most recent interim period divided by Total Current Liabilities for the same period.
The Quick Ratio, also known as the Acid Test Ratio, is defined as Total Current Assets minus Total Inventory for the most recent fiscal year divided by Total Current Liabilities for the same period.
This is the Current Price divided by the latest annual Tangible Book Value Per Share. Tangible Book Value Per Share is defined as Book Value minus Goodwill and Intangible Assets divided by the Shares Outstanding at the end of the fiscal period.
This is the Current Price divided by the latest annual Tangible Book Value Per Share. Tangible Book Value Per Share is defined as Book Value minus Goodwill and Intangible Assets divided by the Shares Outstanding at the end of the fiscal period.
This is the Current Price multiplied by Total Shares Outstanding divided by Tangible Common Equity. Tangible Common Equity is defined as common equity less goodwill and intangibles.
This is the Current Price multiplied by Total Shares Outstanding divided by Tangible Common Equity. Tangible Common Equity is defined as common equity less goodwill and intangibles.
This is the current Price divided by the Sales Per Share for the trailing twelve months. If there is a preliminary earnings announcement for an interim period that has recently ended, the revenue (sales) values from this announcement will be used in calculating the trailing twelve month revenue per share.
This is the current Price divided by the Sales Per Share for the most recent interim period. If there is a preliminary earnings announcement for an interim period that has recently ended, the revenue (sales) values from this announcement will be used in calculating the interim Revenues Per Share.
This is the current Price divided by the Sales Per Share for the most recent fiscal year.
This is the current Price divided by Cash Flow Per Share for the trailing twelve months. Cash Flow is defined as Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.
This is the current Price divided by the annual Free Cash Flow Per Share. Free Cash Flow is calculated from the Statement of Cash Flows as Cash From Operations minus Capital Expenditures and Dividends Paid.
This is the current Price divided by Cash Flow Per Share for the trailing twelve months. Cash Flow is defined as Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.
This is the current Price divided by Cash Flow Per Share for the most recent interim period. Cash Flow is defined as Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.
This is the number of shares currently borrowed by investors for sale, but not yet returned to the owner (lender). (Millions)
These are the Diluted Average Shares Outstanding for the most recent fiscal year as reflected in the Income Statement.
This is the number of shares of common stock currently outstanding. This number is defined as the number of shares issued minus the shares held in treasury.
This is the total number of shares held by all institutions (pension funds, mutual funds, etc.) that report their holdings to the SEC in millions.
This value is the trailing twelve month Total Revenue divided by the Average Diluted Shares Outstanding for the trailing twelve months.
This value is the Total Revenue for the most recent interim period divided by the Average Diluted Shares Outstanding for the same period.
This value is the Total Revenue for the most recent fiscal year divided by the Average Diluted Shares Outstanding for the same period.
This is the sum of all revenue (sales) reported for all operating divisions.
This value is the trailing twelve month Income After Taxes divided by the average Total Long Term Debt, Other Long Term Liabilities and Shareholders Equity, expressed as a percentage.
This value is the most recent interim period Income After Taxes divided by the average Total Long Term Debt, Other Long Term Liabilities, and Shareholders Equity, expressed as a percentage.
This value is the annual Income After Taxes divided by the average Total Long Term Debt, Other Long Term Liabilities, and Shareholders Equity, expressed as a percentage.
This value is the Income Available to Common Stockholders for the trailing twelve months divided by the Average Common Equity and is expressed as a percentage. Average Common Equity is calculated by adding the Common Equity for the 5 most recent quarters and dividing by 5.
This value is calculated as the Income Available to Common Stockholders for the most recent interim period divided by the Average Common Equity and is expressed as a percentage. This value is annualized to make it comparable with annual and TTM values. Average Common Equity is the average of the Common Equity at the beginning and the end of the interim period.
This value is calculated as the Income Available to Common Stockholders for the most recent fiscal year divided by the Average Common Equity and is expressed as a percentage. Average Common Equity is the average of the Common Equity at the beginning and the end of the year.
This value is the Income After Taxes for the trailing twelve months divided by the Average Total Assets, expressed as a percentage. Average Total Assets is calculated by adding the Total Assets for the 5 most recent quarters and dividing by 5.
This value is the Income After Taxes for the most recent interim period divided by the Average Total Assets, expressed as a percentage. Average Total Assets is the average of the Total Assets at the beginning and the end of the interim period.
This value is calculated as the Income After Taxes for the most recent fiscal year divided by the Average Total Assets, expressed as a percentage. Average Total Assets is the average of the Total Assets at the beginning and the end of the year.
Share Linked In
© 2012 Avery Dennison Corporation. All Rights Reserved. LocationsSite MapLegal & Privacy NoticesContact Us