Please enter your email address (clients only) and we'll send you a one-time code to login. Operating income is a company's income after subtracting operating expenses and other costs from total revenue. Reporting lines in Other Operating Income - What has to be included in profit or loss and what should be included in other comprehensive income?. We discuss why it is better to evaluate percentiles rather than average IT spending. 12,438. Other operating expenses will differ from one company to another. During this period, the company significantly scaled overall revenue from $12 million in 2010 to over $500 million run rate, Dropbox for Business revenue from $1 million to over $200mm run rate, and users from 15 million to 300 million. Operating Costs means any costs associated with the operation, management, maintenance, repair, replacement, and protection of the Building including, without limitation, costs of heating; cooling; utilities (including any taxes or impositions thereon); insurance; parking lot maintenance, repair, repaving, resurfacing and re-stripping; re-roofing; janitorial and cleaning service; lobby host, if any is provided by Landlord; security services, if any are provided by Landlord; salaries, wages, and other personnel costs of engineers, superintendents, watchmen, and other Building employees, and other employees of Landlord and the employees of Landlords agents and contractors allocable to Building or Project-related matters (provided, however, that to the extent that employees of Landlord or employees of Landlords agents are not assigned exclusively to the Building or the Project, then Operating Costs will include only the portion of their salaries, wages, and other personnel costs that Landlord allocates to the Building or the Project); charges under all Building and Project maintenance and service contracts, including contracts for chilled water and hot water, boilers, controls, elevators, security systems, exterior window cleaning, landscaping (including new plantings and irrigation), common areas, public areas, lobbies, and Building, Project and Land maintenance; costs of all maintenance and repair, including costs of all warranties included in contracts for the provision of materials or services to the Building to the extent the cost of such warranty is separately stated in such contract; costs of enforcing warranties; costs of supplies that are deducted (and not capitalized) for federal income tax purposes; management fees that are not in excess of the prevailing market rate management fees paid to management organizations managing Comparable Buildings; accounting costs and fees; costs incurred for attorneys or other third parties to appeal or contest Real Estate Tax assessments (as more fully provided in this Section 4), including the costs incurred to review the feasibility thereof; costs of cleaning, decorating, repairing, maintaining, replacing and operating any common areas in the Project; all other costs Landlord incurs to operate, service, maintain, repair and replace the Building, Land and Project; the cost of any capital improvements made by Landlord to the Building and/or Project, or capital assets acquired by Landlord after the Lease Commencement Date in order to comply with any local, state or federal law, ordinance, rule, regulation, code or order of any governmental entity or insurance requirement, including but not limited to, the Americans with Disability Act (each a Legal Requirement and collectively, the Legal Requirements) with which the Building and/or Project was not required to comply at the Lease Commencement Date, or to comply with any amendment or other change to the enactment or interpretation of any Legal Requirement from its enactment or interpretation at the time of the Lease Commencement Date; and the cost of any capital improvements made by Landlord to the Building and/or Project or capital assets acquired by Landlord after the Lease Commencement Date for the protection of health and safety of the occupants of the Building and/or Project or that are designed to reduce other Operating Costs; provided however, any and all costs of capital improvements or capital assets acquired which are includable in Operating Costs shall be amortized on a straight-line basis over the useful life of the asset, pursuant to Generally Accepted Accounting Principles. Sign in link expires every 15 minutes. Click the link or enter the six-digit code below to login. Report on Other Legal and Regulatory Requirements; Revenue; Previous year figures have been regrouped/ rearranged, wherever considered necessary to conform to current year's classification; Foreign Currency Translation Reserves (FCTR)Annual Report 2021-22; 000; FINANCIAL STATEMENTS; Notes to the Statement of Financial Performance; Securities . Notwithstanding the provisions of the immediately preceding sentence, the Series Annual Operating Expenses for the Class do not include acquired fund expenses, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are extraordinary as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. Operating Revenue means in any single fiscal year during the effective term of this Agreement, the total revenue generated by Party B in its daily operation of business of that year as recorded under the Revenue of Principal Business in the audited balance sheet prepared in accordance with the PRC accounting standards. Operating Revenues means, without duplication, all revenues and receipts of the Borrowers from operation of the Properties or otherwise arising in respect of the Properties which are properly allocable to the Properties for the applicable period in accordance with GAAP, including, without limitation, all hotel receipts, revenues and credit card receipts collected from guest rooms, restaurants and bars (including without limitation, service charges for employees and staff), mini-bars, meeting rooms, banquet rooms, apartments, parking and recreational facilities, health club membership fees, food and beverage wholesale and retail sales, service charges, convention services, special events, audio-visual services, boat cruises, travel agency fees, internet booking fees, telephone charges, laundry services, vending machines and otherwise, all rents, revenues and receipts now existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the possession, use or occupancy of all or any portion of the Properties or personalty located thereon, or rendering of service by any of the Borrowers or any operator or manager of the hotel or commercial space (including, without limitation, from the rental of any office space, retail space, guest rooms or other space, halls, stores and deposits securing reservations of such space (only to the extent such deposits are not required to be returned or refunded to the depositor)), proceeds from rental or business interruption insurance relating to business interruption or loss of income for the period in question and any other items of revenue which would be included in operating revenues under the Uniform System; but excluding proceeds from the sale of FF&E, abatements, reductions or refunds of real estate or personal property taxes relating to the Properties, dividends on insurance policies relating to the Properties, condemnation proceeds arising from a temporary taking of all or a part of any Properties, security and other deposits until they are forfeited by the depositor, advance rentals until they are earned, proceeds from a sale, financing or other disposition of the Properties or any part thereof or interest therein and other non-recurring revenues as determined by Lender, insurance proceeds (other than proceeds from rental or business interruption insurance), other condemnation proceeds, capital contributions or loans to any of the Borrowers, disbursements to any of the Borrowers from the Reserves, sales, use and occupancy taxes collected from customers or patrons of the Properties to be remitted to the applicable taxing authorities, and gratuities or service charges collected on behalf of and remitted to employees or contractors of the Properties. That's why you need to consider multiplemetrics in calculating the profitability of a company before investing. Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement for the period beginning May 1, 2017 and ending April 30, 2018 (the Period), and/or agrees to reimburse expenses relating to the Period to the Series with respect to the Class in an amount, if any, necessary so that the Series Annual Operating Expenses for its Service Class of shares (the Class) are not more than 1.49% of the Class average net assets for the Period. Operating Profit means the difference between the discounted revenues and the discounted operating costs over the economic lifetime of the investment, where this difference is positive. Operating revenue and non-operating revenue are often wrongly referred to as something similar. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. The segment Other includes both Group eliminations as well as Other operating revenue not related to the identified segments. Gross income represents the total income from all sources, including returns, discounts, and allowances, before deducting any expenses or taxes. Abbreviation is mostly used in categories: Accounting Accountancy Business Occupation. Our accounting screen is set to trigger a red flag when other operating income/operating income exceeds the 80th percentile relative to its GICS industry peers, and/or when there is an abnormally large increase relative to the normal rate of change amongst industry peers over one and three years. For a receiving district, if school operating taxes are to be levied on behalf of a dissolved district that has been attached in whole or in part to the receiving district to satisfy debt obligations of the dissolved district under section 12 of the revised school code, MCL 380.12, local school operating revenue does not include school operating taxes levied within the geographic area of the dissolved district. "Form 10-K/A-J.C. Penney Company Inc. for the Fiscal Year Ended Feb. 3, 2018," Page 26. Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series statement of operations in accordance with generally accepted accounting principles. Category filter: Show All (17)Most Common (0)Technology (2)Government & Military (6)Science & Medicine (3)Business (6)Organizations (1)Slang / Jargon (3) Acronym Definition OOR Office of Research (various locations) OOR Object Oriented Requirement OOR Out of Range OOR Out of Range (Everquest) OOR Open Ontology Repository OOR Out of Retirement OOR Out of . Gross Profit vs. Net Income: What's the Difference? Operating income = Total Revenue - Direct Costs - Indirect Costs OR 2. Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis). In other words, operating expenses are the costs that a company must make to perform its operational activities. Operating income can be obtained by subtracting the production cost and overhead from the total revenue earned from operations. Operating income includes: Gross income (revenues minus cost of sales), Distribution costs, Administrative expenses, Other operating revenue, Other operating expenses, and Other gains/losses. 30). OOR stands for Other Operating Revenue (also Out . Non-operating revenue is the total amount of profit or losses that you cannot attribute to core business activities. other recovery orders issued under structural actions concern the recovery of pre-financing. These include white papers, government data, original reporting, and interviews with industry experts. Operating revenue is the revenue that a company generates from its primary business activities. Operating income = Gross Profit - Operating Expenses - Depreciation - Amortization OR 3. Other operating expenses are also known as overhead expenses. Commonly referred to as your "bottom line" or "revenue," net income is usually the last line of your business's income statement. Revenue is the income generated from normal business operations. Technically, net sales refer to revenue minus any returns of purchased merchandise. Adjusted Net Operating Income or Adjusted NOI means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments: Consolidated Operating Income means, for any period, Consolidated Gross Profit less Consolidated Operating Expenses of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP and as calculated consistent with the manner disclosed by the Company in its Annual Report on Form 10-K for the fiscal year ended December 26, 2009. Indeed, retailers tend to generate other operating income in excess of 14% of total operating income, as shown in Figure 69. The disparity between these two figures can be an important barometer of a company's financial health. Please check your mailbox again. A portion of sales revenue may be paid in . The segment Other includes both Group eliminations as well as Other operating revenue not related to the identified segments. Provision for income taxes (40800) Net income 220,250 This latter red flag is triggered when the increase in other operating income /operating income exceeds the 80th percentile relative to the change experienced by GICS industry peers between 2010 and 2015. TIF Revenues means incremental ad valorem taxes generated on the Redevelopment Project Property by the Project which are to be allocated to and paid to the Authority pursuant to the Act. . Table I-1 Other Operating Revenue - Customer Interactions Recorded 2014-2018 and Forecast 2019-2021 (Nominal $000) Line No. Operating income helpsinvestors separate out the earnings for the company's operating performance by excludinginterest and taxes. Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales. Revenue is the total amount of income generated by a company for the sale of its goods or services. Local school operating revenue means school operating taxes levied under section 1211 of the revised school code, MCL 380.1211. 2014-2022 GMT Research. Other operating revenue consists mainly of income earned from the sale of scrap materials and provision of maintenance services and subcontracting services. For example, some companies consistently meet earnings expectations by generating asset disposals. Operating incomeis the sum total of a company's profitafter subtracting its regular, recurring costs and expenses. The Advisers obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement. Operating revenue is the sales associated with the normal daily operations of a business. 2,876 . When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. One subtracts the operating expense from . Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007; Operating Income means the Companys or a business units income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles. Net sales for the first quarter increased 8.1 percent, to $53.44 billion from $49.42 billion last year. Recurring Revenue means, with respect to any Eligible Loan Assets that are Recurring Revenue Loans, the definition of annualized recurring revenue used in the Underlying Instruments for each such Eligible Loan Asset, or any comparable term for Revenue, Recurring Revenue or Adjusted Revenue in the Underlying Instruments for each such Eligible Loan Asset or if there is no such term in the Underlying Instruments, all recurring maintenance, service, support, hosting, subscription and other revenues identified by the Servicer (including, without limitation, software as a service subscription revenue), of the related Obligor and any of its parents or Subsidiaries that are obligated with respect to such Eligible Loan Asset pursuant to its Underlying Instruments (determined on a consolidated basis without duplication in accordance with GAAP). Operating Costs means any costs associated with the operation, management, maintenance, repair, replacement, and protection of the Building including, without limitation, costs of heating; cooling; utilities (including any taxes or impositions thereon); insurance; parking lot maintenance, repair, repaving, resurfacing and re-stripping; re-roofing; janitorial and cleaning service; lobby host, if any is provided by Landlord; security services, if any are provided by Landlord; salaries, wages, and other personnel costs of engineers, superintendents, watchmen, and other Building employees, and other employees of Landlord and the employees of Landlords agents and contractors allocable to Building or Project-related matters (provided, however, that to the extent that employees of Landlord or employees of Landlords agents are not assigned exclusively to the Building or the Project, then Operating Costs will include only the portion of their salaries, wages, and other personnel costs that Landlord allocates to the Building or the Project); charges under all Building and Project maintenance and service contracts, including contracts for chilled water and hot water, boilers, controls, elevators, security systems, exterior window cleaning, landscaping (including new plantings and irrigation), common areas, public areas, lobbies, and Building, Project and Land maintenance; costs of all maintenance and repair, including costs of all warranties included in contracts for the provision of materials or services to the Building to the extent the cost of such warranty is separately stated in such contract; costs of enforcing warranties; costs of supplies that are deducted (and not capitalized) for federal income tax purposes; management fees that are not in excess of the prevailing market rate management fees paid to management organizations managing Comparable Buildings; accounting costs and fees; costs incurred for attorneys or other third parties to appeal or contest Real Estate Tax assessments (as more fully provided in this Section 4), including the costs incurred to review the feasibility thereof; costs of cleaning, decorating, repairing, maintaining, replacing and operating any common areas in the Project; all other costs Landlord incurs to operate, service, maintain, repair and replace the Building, Land and Project; the cost of any capital improvements made by Landlord to the Building and/or Project, or capital assets acquired by Landlord after the Lease Commencement Date in order to comply with any local, state or federal law, ordinance, rule, regulation, code or order of any governmental entity or insurance requirement, including but not limited to, the Americans with Disability Act (each a Legal Requirement and collectively, the Legal Requirements) with which the Building and/or Project was not required to comply at the Lease Commencement Date, or to comply with any amendment or other change to the enactment or interpretation of any Legal Requirement from its enactment or interpretation at the time of the Lease Commencement Date; and the cost of any capital improvements made by Landlord to the Building and/or Project or capital assets acquired by Landlord after the Lease Commencement Date for the protection of health and safety of the occupants of the Building and/or Project or that are designed to reduce other Operating Costs; provided however, any and all costs of capital improvements or capital assets acquired which are includable in Operating Costs shall be amortized on a straight-line basis over the useful life of the asset, pursuant to Generally Accepted Accounting Principles. If you just considered Penney's revenue in 2017, it would seem it could carry its $325 million in interest payments with no problem. 14,731 . Other income and expenses 24,750 Net income before income taxes 261,050. In other words, J.C, Penney posteda loss for theyear of $116 million after deducting the interest paid on its outstanding debt. However, some business models generate higher levels of other operating income than others. Foreign exchange gains mainly comprise gains from changes in exchange rates between the dates of recognition and payment of receivables and liabilities denominated in foreign currencies, as well as exchange rate gains resulting from measurement at the closing rate. A company's revenue and its operating income can end up as two dramatically disparate numbers. Operating income ; On the other hand, operating income is the net profit gained by a company by its main operating activities. Discounting revenues and operating costs using an appropriate discount rate allows a reasonable profit to be made; Net Operating Income or NOI means, for any Property and for a given period, the sum of the following (without duplication and determined on a consistent basis with prior periods): (a) gross revenues received in the ordinary course from such Property minus (b) all expenses paid (excluding interest but including an appropriate accrual for property taxes and insurance) related to the ownership, operation or maintenance of such Property, including but not limited to property taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Property, but specifically excluding general overhead expenses of the Borrower or any Subsidiary and any property management fees) minus (c) the FF&E Reserves for such Property as of the end of such period minus (d) the greater of (i) the actual property management fee paid during such period and (ii) an imputed management fee in the amount of three percent (3.0%) of the gross revenues for such Property for such period. IT Spending as a Percentage of Revenue by Industry, Company Size, and Region This Research Byte analyzes IT spending as a percentage by industry, IT costs as a percentage of revenue by company size, and IT budgets as a percentage of revenue by region. Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis). 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