Adjusted Net Loss definition

Adjusted Net Loss means, for any period, the sum of net income (loss) from continuing operations before income taxes for the period plus the following expenses, charges or income, in each case, to the extent deducted from or added to net income in the period: unrealized losses from financial derivatives, non-cash compensation expense, dry hole expenses, disposals of assets, impairment and other one-time or non-recurring charges, minus all gains from unrealized financial derivatives, disposal of assets and deferred income tax benefits, added to net income. Adjusted Net Loss is used as a financial measure by Rex Energy’s management team and by other users of its financial statements, to analyze its financial performance without regard to non-cash deferred taxes and non-cash unrealized losses or gains from oil and gas derivatives. Adjusted Net Loss is not a calculation based on GAAP financial measures and should not be considered as an alternative to net income (loss) in measuring the company’s performance.

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Adjusted Net Loss means, for each fiscal year of the Partnership, an amount equal to the Partnership’s Net Loss for such fiscal year, computed for this purpose taking into account only those items mentioned in subsection (c), (d) and (e) of the definition of “Net Income” and the penultimate sentence of such definition.

Adjusted Net Loss means the net income or loss of the Venture resulting from Venture operations during any stated period, as calculated by the Venture Accountants for federal income tax purposes; provided that gain or loss resulting from any disposition of property with respect to which gain or loss is recognized for federal income tax purposes shall be computed by reference to the Gross Asset Value of the property disposed of, notwithstanding that the adjusted tax basis of such property differs from its Gross Asset Value.

Examples of Adjusted Net Loss in a sentence

Except as otherwise provided herein, Additional Member(s) who will participate in the Adjusted Net Income, Adjusted Net Loss, Available Cash, and ownership of the assets of the Company, will be admitted only upon such other terms as are agreed to unanimously by the Board, and such Additional Members shall be allocated gain, loss, income or expense by such method as may be provided in this Agreement, and if no method is specified, then as may be permitted by Code Section 706(d).
The Borrower will not incur an annual Adjusted Net Loss in excess of $ 1,000,000 for its fiscal year ending December 31, or for any fiscal year thereafter.
If the Gross Asset Value of an asset has been determined or adjusted pursuant to subparagraphs (i), (ii) or (iv) hereof, such Gross Asset Value shall thereafter be adjusted by the Depreciation taken into account with respect to such asset for purposes of computing Adjusted Net Income or Adjusted Net Loss.
Except as provided below, the Adjusted Net Income or Adjusted Net Loss of the Venture from operations and any income (including gain) or losses resulting from any Interim or Terminating Capital Transactions as calculated for federal income tax purposes and reported by the Venture on its U.S. Partnership Return of Income for each fiscal year (or portion thereof) during the term of this Agreement, shall be allocated to the Venturers pro rata in accordance with their respective Venture Percentages.
ACTUAL COMPLIES ------------------ -------- ------ -------- (ASSET BASED TERMS NOT IN EFFECT) ------------------ Maximum Adjusted Net Loss ------------------------- Quarter Ended Maximum Adjusted Net Loss ------------- ------------------------- December 31, 2002 ($10,700,000) Yes No March 31, 2003 ($6,800,000) Yes No June 30, 2003 ($6,150,000) Yes No September 30, 2003 ($4,000,000) Yes No Minimum Cash Balance on To January 1, 2003: Yes No Deposit with Silicon: $6,500,000.
The Borrower will not incur a quarterly Adjusted Net Loss in excess of $500,000 for its fiscal quarter ending September 30, 1997.
Borrower shall not have an Adjusted Net Loss (as hereafter defined) of greater than $1,000,000 in any fiscal quarter.
The Borrower and its Consolidated ------------ Subsidiaries, on a consolidated basis, shall no suffer an Adjusted Net Loss for two consecutive fiscal quarters, as tested quarterly.
As used herein, Adjusted Net Loss means for any period, the Borrower's consolidated net loss (determined in accordance with GAAP) excluding all non-cash items, including the amortization of goodwill, depreciation, and the amortization of stock-based compensation, to the extent such items were deducted in calculating such net loss.
The Adjusted Net Income or Adjusted Net Loss of the Company from operations, and any income (including gain) or losses resulting from any Interim or Terminating Capital Transactions as calculated for federal income tax purposes and reported by the Company on its U.S. Partnership Return of Income for each “Accounting Year” (as hereinafter defined), or portion thereof, during the term of this Agreement, shall be allocated to the Members pro rata in accordance with their respective Percentage Interests.

More Definitions of Adjusted Net Loss

Adjusted Net Loss means Net Loss plus amortization of intangible assets.

Adjusted Net Loss means the consolidated net loss of Borrower determined in accordance with GAAP, excluding the effects of non-cash charges related to depreciation, amortization and stock compensation. Beginning with the quarter ending April 30, 2006 and in each quarter thereafter, Borrower shall attain an Adjusted Net Profit of at least $1.00 per quarter period.

Adjusted Net Loss or “Adjusted Net Profit” shall mean with respect to any Person as to a specified period, the net loss or net profit, as applicable, determined in accordance with GAAP, excluding, however, the effects of the following: non-cash charges relating to depreciation and amortization, together with charges attributable to stock-based compensation.