Adjusted Operating Profit means operating profit minus a cost of capital, as defined by the Company.
Adjusted Operating Profit means adjusted operating profit as reported in our earnings release for fiscal 2017.
Adjusted Operating Profit. ’ means operating profit excluding non-recurring items, restructuring
Examples of Adjusted Operating Profit in a sentence
See the section entitled “Reconciliation of Net Income to Operating Profit and Adjusted Operating Profit for the Period”.
See the section entitled “Reconciliation of Net Income to Operating Profit and Adjusted Operating Profit for the Period” for a reconciliation of operating profit and adjusted operating profit to operating income and net income under Canadian GAAP and the section entitled “Key Performance Indicators and Non-GAAP Measures”.
Refer to the section entitled "Financial Statement Notes" of this release.For more information relating to the Adjusted Segment Operating Profit (Non-GAAP), Adjusted Operating Profit (Non-GAAP), Adjusted Corporate Expenses (Non-GAAP), FX-Adjusted (Non-GAAP), and Adjusted Segment Operating Profit Margin (Non-GAAP) definitions, refer to the section entitled “Supplemental Non-GAAP Financial Information” of this release.
The Executive Committee assesses the performance of these operating segments based on Net Revenue from external customers and Adjusted Operating Profit.
Adjusted Operating Profit We present Adjusted Operating Profit because management believes it provides for a useful measure of economic value added by presenting an effective matching of the value of current and future revenue sources generated within a given period to the cost of producing such revenue and managing our day to day operations within that same period.
More Definitions of Adjusted Operating Profit
Adjusted Operating Profit means ATG Adjusted Revenue less GAAP cost of sales and operating expenses, but excluding stock based compensation expenses, restructuring charges and non-cash income tax expenses/benefits, if applicable. The payout percent is determined using the Adjusted Operating Profit Table.
Adjusted Operating Profit means operating profit for the applicable segment, as adjusted for one-time or other adjustments, consistent with those made to adjusted diluted earnings per share for reporting purposes. Adjusted operating profit for purposes of the ICP was also adjusted for corporate allocations and other adjustments in the amount of $4.4 million for our Climate Solutions segment and $16.2 million for our Power Transmission Solutions segment.
Adjusted Operating Profit means the Operating Profit of the Relevant Business calculated in accordance with US GAAP and as adjusted by application of the agreed adjustments and principles as set out in Schedule 1 provided always that all customer returns and credits issued by the Relevant Businesses shall be deducted from the calculation of Adjusted Operating Profit in the same Installment Period as the corresponding earnings.
Adjusted Operating Profit means total profit for the year excluding revaluations and initial borrowing costs which were paid on establishment. This is a non-GAAP measure. “Bank Loans” means the Bridging Loan and the Term Loan, see page 23 for details. “Bridging Loan” means the Westpac bridging loan, see page 23 for details. “C:Drive” means the property at 33 Corinthian Drive, Albany, Auckland. “CPI” means the Consumer Price Index (All Groups) published by Statistics New Zealand. “Custodian” means 33 Corinthian Trustees Limited, the company which holds C:Drive and the assets of the Scheme on behalf of Investors. “Customer Due Diligence Information” means the information required to be supplied by an Investor under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. “Deed of Participation” means the document that established the Scheme and sets out the rules under which the Scheme is operated. ”Financial Year" means the period from 1 April in one year to 31 March in the next year (provided that the first financial year shall be for the period from Settlement Date to 31 March) or such other period as Oyster may elect. “GAAP” means generally accepted accounting practice. Financial statements that have been prepared in accordance with GAAP have been prepared using the applicable financial reporting standards. “Gearing Ratio” means the total bank debt as a percentage of net assets. A useful measure of how much debt an entity is carrying. “Interest” means the managed investment product issued by the Scheme. “Interest Cover Ratio” means the ratio of the entity’s income to its bank interest expense. “IRR” means the internal rate of return, which is a measure of the profitability of the investment over a period of time taking into account the net present value of all cashflows (both positive and negative). “Investors” means the people or entities that hold Interests in the Scheme. “Minimum Holding” means $50,000 of Interests or such other number determined in accordance with the provisions of the Deed of Participation. “Offer” means the offer of Interests detailed in this PDS. “Operating Profit” means the Scheme’s Operating Profit Before Fair Value Movements, as set out in the Scheme’s financial statements or management accounts. “Ordinary Resolution” means a resolution passed by a simple majority (ie greater than 50%) of the votes cast on that resolution. “Oyster” means the manager of this Scheme, Oyster Management Limited.
Adjusted Operating Profit means operating profit/(loss) adjusted for amortisation of intangible assets acquired in business combinations, restructuring costs, movement in derivatives and associated financial assets and liabilities, equity accounted investments adjustments, net releases and changes in discount rates of fair value items, acquisition and disposal-related gains and losses, impairment of assets, and the impact of guaranteed minimum pension (“GMP”) equalisation on UK pension schemes. The Directors believe that the use of Adjusted Operating Profit provides a useful and more comparable measure of the ongoing performance of the Dowlais Group.
Adjusted Operating Profit means ATG Adjusted Revenue less GAAP cost of sales and operating expenses, but excluding stock based compensation expenses, restructuring charges and non-cash income tax expenses/benefits, if applicable. The Applicable Percentage shall mean a percentage determined by reference to the amount, if any, by which the ATG Adjusted Revenue (as defined at Exhibit A) for 2009 has exceeded 80% of the ATG Adjusted Revenue Goal for 2009, as more fully set forth under the heading “Payout Table” at Exhibit A, but in no event more than 100%. Each Earned Restricted Stock Unit award shall vest as follows, provided that you are employed by the Company on each vesting date: (i) 25% of the Earned Restricted Stock Units shall vest March 6, 2010 (the “First Vesting Date”) and (ii) an additional 25% of the Earned Restricted Stock Units shall vest upon each of the following three one-year anniversaries of the First Vesting Date (so that the total vesting period shall end March 6, 2013); provided, however, that if the Company achieves its 2009 AOP Threshold and also achieves the Maximum Revenue Target, as set forth on Exhibit A, in any calendar year prior to March 6, 2013, and you remain employed by the Company at such time, this Restricted Stock Unit award shall vest fully. If the Company does not meet its 2009 AOP Threshold for 2009, this Restricted Stock Unit award shall terminate and be of no further force or effect, regardless of the performance of the Company (including achieving the Maximum Revenue Target) or a Change in Control of the Company in any future calendar year. In the event of a Change in Control (as such term is defined in your Change of Control Agreement dated April 14, 2008) [or in the case of our CEO, as defined in his Amended and Restated Employment Agreement dated April 14, 2008] of the Company in the current calendar year, the Restricted Stock Units granted under this Agreement shall convert from performance vested Restricted Stock Units to time vested Restricted Stock Units and shall be subject to the terms of your Restricted Stock Unit Agreement (Time Vested) of even date herewith.
Adjusted Operating Profit means, for any period, the net income of the Company and its subsidiaries determined in accordance with GAAP applied consistently with prior periods, excluding (i) any provision for interest expense or income taxes, (ii) any adjustments made for purchase accounting purposes resulting from the Transaction which otherwise would have an impact on Adjusted Operating Profit, including depreciation or amortization resulting from the re-valuation for purchase accounting purposes of tangible and intangible assets acquired in the Transaction and the cost of sales impact related to any re-valuation for purchase accounting purposes of inventory acquired in the Transaction (but except as provided below, no such adjustments to the calculation of Adjusted Operating Profit shall be made in respect of any acquisitions other than the Transaction), (iii) any non-recurring costs or expenses related to the integration of the Business with the operations of the Company and (iv) all other extraordinary, non-recurring items (as determined in good faith with the agreement of Employee or Xxxxx Xxxxxxx, if Xxxxx Xxxxxxx is then President). In calculating Adjusted Operating Profit, all administrative and financial services performed by Xxxxxxxx or its Affiliates for the Company (including without limitation accounting, accounts receivable processing, accounts payable processing, payroll processing, human resources and benefits support services, retirement and pension plan administration), shall be charged as an expense at an amount not to exceed the cost to the Business as of the date of this Agreement of any such service. With respect to future acquisitions by the Company, if either Employee or Xxxxx Xxxxxxx is the President of the Company, unless the President agrees in writing to include those operating results and the related attributes of the acquisition (such as interest expense, integration costs and depreciation and amortization charges), they shall be excluded from the calculation of Adjusted Operating Profit using such methodologies as shall be agreed in good faith by the President of the Company and Xxxxxxxx. If the Bonus Pool is determined pursuant to Section 1.02(a)(iii)(C)(2) below (because the Operating Profit is less than $16,000,000), the first $7,500,000 paid from the Bonus Pool shall be disregarded (and therefore not be a charge against net income in calculating Adjusted Operating Profit), but amounts subsequently paid from the Bonus Pool shall be taken into accou...