NOPAT definition

NOPAT means cash adjusted net operating profits after taxes for the Plan Year, calculated as follows:

NOPAT means the Company’s Operating Profit minus all taxes applicable to such Operating Profit; and

NOPAT means the Company’s Net Income plus tax effected interest expense plus preferred stock dividends.

Examples of NOPAT in a sentence

• Certain adjustments are necessary to determine NOPAT and Capital.

• The capitalized value (NOPAT/Target's Cost of Capital) of the acquired entity's last full year's NOPAT will be added to the capital base of the acquiring business unit in the month of acquisition.

• Segment NOPAT is used to measure performance as the Group chief operating decision maker, which in this case is the PETRONAS Executive Committee, believes that such information is the most relevant in evaluating the results of the segments.

• NOPAT equals revenues less operating expenses (including depreciation) and taxes on operating profit.

• In calculating the bonus pool for Corporate, VVA shall mean Net Operating Profit After Taxes (NOPAT is defined as sales minus operating expenses minus taxes) minus a Capital Charge calculated by multiplying a Cost of Capital times the actual Capital (Capital is defined as total assets less current and other liabilities exclusive of debt).

More Definitions of NOPAT

NOPAT means the after tax cash earnings attributable to the capital employed in the Participating Group for the year in question. The components of NOPAT are as follows:

NOPAT means the product of EBIT multiplied by the sum of 1 minus the Tax Rate.

NOPAT means net income plus after-tax financing expense.

NOPAT means the Company’s net operating profit after tax, as determined by the Committee from the Company’s audited financial statements.

NOPAT is defined as operating income minus Cash Tax Paid. “Cash Tax Paid” is defined as income taxes as reflected on the income statement minus deferred taxes as reflected on the cash flow statement. “Average Invested Capital” is defined as the average of the beginning and ending Invested Capital during the year. “Invested Capital” is defined as capital lease obligations, plus short and long term debt plus total stockholders’ equity minus an amount equal to cash and cash equivalents. Invested Capital shall exclude investment amounts associated with aircraft acquisition until the first time that such aircraft is flown under a customer contract at which time all amounts accrued with respect to such aircraft shall be considered in the Average Invested Capital calculation from such date. Invested Capital shall be reduced by the amount of any investments held in the Company’s direct or indirect debt securities that remain outstanding and that have not otherwise been defeased.

NOPAT means, with respect to an EVA Business Unit for a fiscal year, the net operating profit after taxes for such fiscal year, as determined by the Chief Financial Officer with the concurrence of the Committee.

NOPAT means Net Operating Profit After Tax as determined by the Committee in its sole discretion.