Operating Net Income definition

Operating Net Income means the amount of adjusted after-tax net income that underlies adjusted earnings per share as disclosed each quarter in the Company’s earnings report.
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Operating Net Income means, for any Fiscal Year, the net income for such Fiscal Year attributable to the revenues and expenses from the Target Operations, determined in accordance with generally accepted accounting principles and as reflected in the unaudited statement of income of such operations for such Fiscal Year, plus federal income taxes, interest, incentive payments under this Plan, depreciation and amortization deducted for purposes of calculating such net income. In no event will there be charged against Operating Net Income, for purposes of the above calculation, any corporate overhead charges from the Company's corporate offices in Houston, Texas, other than (i) a administrative overhead charge covering auditors fees, legal expenses and other similar costs of the Target Operations equal to 1.25% of the pro forma revenues of each of the Target Operations, and (ii) insurance premiums that are attributable to the Target Operations.
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Operating Net Income means the amount of adjusted after-tax net income that underlies adjusted earnings per share as disclosed each quarter in the Company’s earnings report, and (y) “Cash Flow Pre-Financing” shall mean annual operating cash flow, minus CAPEX, minus SG&A initiatives, minus THS____, excluding the impact of share repurchase and debt repayment.
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Examples of Operating Net Income in a sentence

  • The process of consultative practices is a mechanism through which employees can be involved in and positively contribute towards management's decision making process.

  • For purposes of this Agreement, Operating Net Income shall mean income from ordinary business activities after operating expenses, income taxes and interest are deducted, adjusted for one time and non-recurring items.

  • Consistent with those metrics used in reporting quarterly results, the financial goals are Relative TSR, Operating ROC, Operating Net Income, and Management Operating Cash Flow4.

  • The discussion below is intended to summarize and explain the detailed information provided in those tables and to put that information into the context of our overall compensation program.We refer to the non-GAAP financial measures Operating Revenue, Operating Pre-Provision Net Revenue (which we sometimes refer to as “operating leverage”) and Operating Net Income and Earnings per Share (Operating EPS) throughout this Compensation Discussion and Analysis.

  • Measuring the Operating Margin by CCOs reported on the Q2 Exhibit L, the CCOs achieved a statewide operating margin of 3.9%, or $135 million Operating Net Income on $3.427 billion of Operating Revenue.

  • For each Calendar Year, a number of Tranche 1 Units shall be earned equal to approximately (i) one third (1/3) of the Tranche 1 Units multiplied by (ii) the applicable “Percentage of Units Earned” as indicated in Table III below based on the achievement during the applicable Calendar Year of the Operating Net Income goal at the threshold, target or maximum levels designated in Table I below.

  • Consistent with those metrics used in reporting quarterly results, the financial goals are Relative TSR, Operating ROC, Operating Net Income, and Management Operating Cash Flow5.2 Motivate and reward executives when they deliver desired business results and stockholder value Executives are held accountable for results and rewarded above target levels when Company and personal goals are exceeded.

  • The Tranche 1 Units shall be earned based on the achievement of Operating Net Income for each Calendar Year during the Performance Period.

  • This is an increase from 2021’s 2.1% statewide operating margin or $130 million Operating Net Income.

  • The determination of entitlement to indemnification shall be made and, unless a contrary determination is made, such indemnification shall be paid in full by the Company not later than 60 calendar days after receipt by the Company of a written request for indemnification.


More Definitions of Operating Net Income

Operating Net Income and “Operating Net Loss” shall mean Net Income or Net Loss that is not attributable to a Major Capital Event.
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Operating Net Income of the Home means for any fiscal year, the net income for such fiscal year attributable to the revenues and expenses from the Home, determined in accordance with generally accepted accounting principles and as reflected in the unaudited statement of income of the operations of the Home for such Fiscal Year, PLUS federal income taxes, interest, depreciation and amortization deducted for purposes of calculating such net income. In no event will there be charged against Operating Net Income, for purposes of the above calculation, any corporate overhead charges from the Purchaser's corporate offices in Houston, Texas, other than auditors fees, insurance premiums, legal expenses and other similar costs of the Purchaser, all of which must be reasonably and directly attributable to the Home's operations.
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Related to Operating Net Income

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Adjusted Consolidated Net Income means, for any period, the aggregate net income (or loss) of the Company and its Restricted Subsidiaries for such period determined in conformity with GAAP; provided that the following items shall be excluded in computing Adjusted Consolidated Net Income (without duplication):

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • Net Operating Income means the amount obtained by subtracting Operating Expenses from Gross Income from Operations.

  • 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:

  • Net Income (Loss) means, for any Person for any period, the aggregate of net income (or loss) of such Person and its Subsidiaries for such period, determined on a consolidated basis in conformity with GAAP.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Interest Expense means, with respect to any Person for any period, (a) gross interest expense of such Person and its Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest expense paid to Affiliates of such Person), less (b) the sum of (i) interest income for such period and (ii) gains for such period on Hedging Agreements (to the extent not included in interest income above and to the extent not deducted in the calculation of gross interest expense), plus (c) the sum of (i) losses for such period on Hedging Agreements (to the extent not included in gross interest expense) and (ii) the upfront costs or fees for such period associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a consolidated basis and in accordance with GAAP.

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus