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. The Adviser hereby also waives compensation for services provided by it under the Agreement to the Series with respect to the Class, and/or agrees to reimburse expenses to the Series with respect to the Class for each subsequent annual period through the annual period ending April 30, 2020 (but not for any annual period thereafter) in an amount, if any, necessary so that the Series Annual Operating Expenses for the Class are not more than 1.99% of the Class average net assets for such annual period. Other operating revenue consists mainly of income earned from the sale of scrap materials and provision of maintenance services and subcontracting services. 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. Indeed, retailers tend to generate other operating income in excess of 14% of total operating income, as shown in Figure 69. Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Non-operating income is the portion of an organization's income that is derived from activities not related to its core business operations. After all, both these concepts are directly influenced by a business's sales and are also closely related. 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. Net sales for the first quarter increased 8.1 percent, to $53.44 billion from $49.42 billion last year. Income from reversal of loss allowances on receivables and other assets, Income from reversal of provisions and accruals, Income from foreign currency hedging derivatives within hedge accounting, Gains on asset disposals and the reversal of impairment losses on noncurrent assets. Non-Operating Revenues means the proceeds of any financing undertaken by NE LP, NE LLC or the Company, distributions made by the Partnerships to NE LP or NE LLC with the proceeds of any financing or with funds required to be used for the extraordinary mandatory redemption of the Bonds under Section 3.09 hereof and any other extraordinary . Operating profit is the total earnings from a company's core business operations, excluding deductions of interest and tax. Also, you'll notice that netincomethe actual profit of the company, also known as the bottom lineis actually a negative $116 million. 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. 30). Please check your mailbox again. 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). Non-operating revenue is the total amount of profit or losses that you cannot attribute to core business activities. Local school operating revenue means school operating taxes levied under section 1211 of the revised school code, MCL 380.1211. The "Other operating revenue" worksheet is intended to plan for a revenues that are not related to regular sales of goods and services. It's easy to forgive someone who interchanges the terms "operating income" and "revenue". net non-operating income means the difference between: Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender. Operatingincome does not include money earnedfrom investments in other companies ornon-operating income, taxes,and interest expenses. 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. Companies earn money through the sale of their products and services, which is why operating income and revenue are important metrics. 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. There are many ways to earn revenue, but the operating revenue is earned from the core business activities the organization undertakes in their main work. Real-Life Example of Revenue andOperating Income, Operating Profit: How to Calculate, What It Tells You, Example, What is Gross Income? Operating revenue is the total cash inflow from your primary income-generating activity. 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. 30). We just emailed a confirmation link to . These include white papers, government data, original reporting, and interviews with industry experts. Other operating revenue means income from nonpatient care services to patients and from sales to and activities for persons other than patients which may include but are not limited to such activities as providing personal laundry service for patients, providing meals to persons other than patients, gift shop sales, or vending machine commissions. Operating income is the income you have after subtracting the costs of doing business. We are concerned with companies that have high levels of other operating income relative to their industry peers as it suggest that earnings are of relatively low quality. Exclude revenue from non-carrier activities such as packing and warehousing.Line 204: Other operating revenue Operating revenue not included in lines 201 through 203. Table I-1 Other Operating Revenue - Customer Interactions Recorded 2014-2018 and Forecast 2019-2021 (Nominal $000) Line No. Any operating revenues not otherwise provided for in this Section 8, shall be prorated between Buyer and Seller as of Closing; but no proration shall be made of any rents or . This means that in addition to considering operating expenses, net profit also represents all other expenses to determine how much your net profit is. Other operating revenue comprises irregular revenue not directly related to the principal activity.Interest income is recognised on an accrual basis once it is likely that the group will gain economic benefit from the transaction and the amount of interest income can be reliably measured. The answer is defined practical in IFRS (IAS 1 Presentation of Financial Statements, in 7 Definitions):Other comprehensive income (OCI) comprises items of income and expense (including reclassification adjustments) that are not recognised in profit . 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. operating expenses. Notwithstanding anything to the contrary contained in this Lease, Tenants Proportionate Share of Operating Costs shall not include any costs and/or expenses incurred which solely benefit another building (and not the Building or Common Areas) in the Project. "Form 10-K/A-J.C. Penney Company Inc. for the Fiscal Year Ended Feb. 3, 2018," Page 26. Operating expensesincludeselling, general & administrative expense(SG&A), depreciation, and amortization. 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. Sales 696,500. Miscellaneous other operating income . But when you see how small its operating income is, you realize this company could easily sink under the weight of its service obligationssomething to consider before purchasing its stock. 1. For example, the meals sold by a restaurant would generate operating revenue, while the sale of its delivery van would instead generate a gain or loss. What does OOR mean? This contrasts with both USDA's original February estimates . ALL Rights Reserved. 2,876 . 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. 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. Notwithstanding anything to the contrary contained in this Lease, Tenants Proportionate Share of Operating Costs shall not include any costs and/or expenses incurred which solely benefit another building (and not the Building or Common Areas) in the Project. Other operating revenue consists mainly of income earned from the sale of scrap materials and provision of maintenance services and subcontracting services. 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. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. In contrast, operating incomeis a company's profitafter subtractingoperating expenses, which are the costs of running the daily business. It is important to note that revenue does not necessarily mean cash received. Commonly referred to as your "bottom line" or "revenue," net income is usually the last line of your business's income statement. Contribution Margin: What's the Difference? 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. Gross Income from Operations means all income, computed in accordance with GAAP, derived from the ownership and operation of the Properties from whatever source, including, but not limited to, the Rents, utility charges, escalations, service fees or charges, license fees, parking fees, rent concessions or credits, and other required pass-throughs, but excluding sales, use and occupancy or other taxes on receipts required to be accounted for by Mortgage Borrower to any Governmental Authority, refunds and uncollectible accounts, sales of furniture, fixtures and equipment, Insurance Proceeds (other than business interruption or other loss of income insurance), Awards, security deposits, interest on credit accounts, utility and other similar deposits, payments received under the Mortgage Interest Rate Cap Agreement, interest on credit accounts, interest on the Mortgage Reserve Funds, and any disbursements to Mortgage Borrower from the Mortgage Reserve Funds. You can learn more about the standards we follow in producing accurate, unbiased content in our. In many cases it involves the sale of assets. Definition, Formula, Calculation, and Example, What is Revenue? How much a company is able to earn monthly, quarterly, or annually, is reflected in both its net revenue as well as its operating income. Operating revenue and non-operating revenue are often wrongly referred to as something similar. One subtracts the operating expense from . Revenueis often calledthe "top line" because it's locatedat the topof theincome statement. Operating income helpsinvestors separate out the earnings for the company's operating performance by excludinginterest and taxes. Exclude revenue from non-carrier activities such as packing and warehousing.Line 204: Other operating revenue Operating revenue not included in lines 201 through 203. Revenue can also be earned by governments and nonprofits. Non-operating revenue refers to earnings that are generated from sources other than core operations. Income on interests, rental, and dividends, etc., are some common forms of non-operating income. Please enter your email address (clients only) and we'll send you a one-time code to login. Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. 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 . Gross income shall not be diminished as a result of the Security Instruments or the creation of any intervening estate or interest in a Property or any part thereof. Gross Profit vs. Net Income: What's the Difference? Colicity other operating income or expenses from 2021 to 2022. Operating Revenue means revenue earned by an individual, firm, company, organization from the core activities which they undertake regularly. An income statement is one of the three major financial statements that report a companys financial performance over a specific accounting period. Operating incomeis the sum total of a company's profitafter subtracting its regular, recurring costs and expenses. Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP. 11 are offset by an increase in CCA OOR revenues due to the significant increase in number of CCA 12 customers and increased Connection Charge OOR. Members of the Supervisory Board and Board of Management, Members of the Supervisory Board and Committees, The 12 Group Initiatives of the NEW AUTO Strategy, Results of Operations, Financial Position and Net Assets, Return on investment (ROI) and value contribution, ROI and value contribution in the reporting period, Economic activities of the Volkswagen Group, Passenger cars and light commercial vehicles, Exchange rate, interest rate and commodity price trends, Risks and opportunities from the macroeconomy, the sector, markets and sales, Opportunities and risks from mergers and acquisitions and/or other strategic partnerships/investments, Share of result of equity-accounted investments, Auditors report on the remuneration report. 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. these amounts are not shown as revenue, but credited to the pre-financing heading on the balance sheet. Foreign exchange losses are included in other operating expenses. Other Operating Income and Expenses XLS Income from the adjustment and release of provisions recognized in other operating expenses in 2021 resulted primarily from the release of provisions in connection with the restructuring of the Global Business Services unit. Net income after taxes is an accounting term most often found in an annual report, and used to show the company's definitive bottom line. Suggest. This was a significant increase as . If you just considered Penney's revenue in 2017, it would seem it could carry its $325 million in interest payments with no problem. Finally, we outline other key metrics for IT budget . Reporting lines in Other Operating Income - What has to be included in profit or loss and what should be included in other comprehensive income?. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models. 2014-2022 GMT Research. Operating income shows the income generated from a company's. ISSAQUAH, Wash., Dec. 08, 2022 (GLOBE NEWSWIRE) - Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq: COST) today announced its operating results for the first quarter (twelve weeks) of fiscal 2023, ended November 20, 2022. INCOME STATEMENT. Published by Statista Research Department , Dec 5, 2022. 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. 1 vote. Also excluded: any special or nonrecurring items, such as cash paid for a lawsuit settlement. Cite. He is an expert on personal finance, corporate finance and real estate and has assisted thousands of clients in meeting their financial goals over his career. The concept of operating revenue is important, because it reveals the core sales productivity of a business. 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. The segment Other includes both Group eliminations as well as Other operating revenue not related to the identified segments. Similarly, these expenses do not depend on sales or production levels. Revenue is the income generated from normal business operations. CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Sellers Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value. 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. 4.3. 1 Residential $1,302 $2,509 $2,908 Account Name Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year. Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year. Other operating income includes revenue from all other operating activities which are not related to the principal activities of the company, such as gains/losses from disposals, interest income, dividend income, etc. Table of contents Operating Revenue Definition To record other miscellaneous operating revenues pledged in support of revenue bonds. Other operating expenses are also known as overhead expenses. . It refers to the sum generated beforeany expensessuch as those involved in running the businessare taken out. Other operating revenue mainly represents interconnection revenue. Operating revenue is the total sum of a business's revenue earned from its primary business functions. For example, a company may sell real estate or intellectual property for cash. Bi tp chng 5 km gii vol 1 income from operations is gross profit less administrative expenses. The Adviser hereby also waives compensation for services provided by it under the Agreement to the Series with respect to the Class, and/or agrees to reimburse expenses to the Series with respect to the Class for each subsequent annual period through the annual period ending April 30, 2020 (but not for any annual period thereafter) in an amount, if any, necessary so that the Series Annual Operating Expenses for the Class are not more than 1.99% of the Class average net assets for such annual period. The revenue a company receives in the course of its normal operations. Please click the button below to sign-in again. Other Operating Revenues. Gross income shall not be diminished as a result of the Security Instruments or the creation of any intervening estate or interest in a Property or any part thereof. The difference between these two figures shows why analyzing financial statements can be challenging. 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. OTHER OPERATING INCOME Other operating revenue is recognized on accrual basis. Definition, Formula, Calculation, and Example, selling, general & administrative expense, Form 10-K/A-J.C. Penney Company Inc. for the Fiscal Year Ended Feb. 3, 2018, Revenueis the total amount of income generated by a company for the sale of its goods or services. 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. 14,731 . Non-operating income is also displayed below operating income on the income statement. Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions. In most cases, these will include immaterial or insignificant accounts. Operating revenue is the revenue that a company generates from its primary business activities. We just resent you an email. However,the two numbers aredifferent ways of expressing a company's earnings, and they have different deductions and credits involved in their calculations. Colicity Inc. is a blank check company. Operating Margin vs. EBITDA: What's the Difference? 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. 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. 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). In 2016, other operated department revenue for our Trends sample averaged 4.3% of total revenue . 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