Adjusted Pre-Tax Income of any Person means, with respect to any period, income before income taxes of such Person for such period, but excluding (i) any gain or loss arising from the sale of capital assets other than capital assets consisting of Aircraft, (ii) any gain or loss arising from any write-up or write-down of assets, (iii) income or loss of any other Person, substantially all of the assets of which have been acquired by such Person in any manner, to the extent that such income or loss was realized by such other Person prior to the date of such acquisition, (iv) income or loss of any other Person (other than a Subsidiary) in which such Person has an ownership interest, (v) the income or loss of any other Person to which assets of such Person shall have been sold, transferred, or disposed of, or into which such Person shall have merged, to the extent that such income or loss arises prior to the date of such transaction, (vi) any gain or loss arising from the acquisition of any securities of such Person, (vii) gains or losses reported as extraordinary in accordance with GAAP not previously excluded in clauses (i) through (vi), and (viii) the cumulative effect of changes in accounting methods permitted by GAAP during such period. Notwithstanding the foregoing, the determination of income before income taxes for any period shall be adjusted by any pre-tax non-GAAP financial measures for such period as identified in “Reconciliation of Reported Amounts to Non-GAAP Financial Measures” contained in the Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s filings in respect of such period on Form 10-Q or Form 10-K with the Securities and Exchange Commission.
Adjusted Pre-Tax Income means, for any period with respect to the amount thereof shall be determined, the aggregate of the net income for such period (taken as a cumulative whole), before federal and state income taxes, determined in accordance with GAAP, and based on audited financial statements, modified to the extent included in the consolidated net income of the Subject Entities. Net income shall exclude the effect of the following items:
Adjusted Pre-Tax Income means the income from continuing operations before taxes of the Company, as reported in the Company’s consolidated financial statements for the relevant periods, after such adjustments thereto as the Committee deems appropriate in its sole discretion (i) to exclude the effect of extraordinary, unusual, and/or nonrecurring items, including net income attributable to non-controlling interests, and changes in applicable accounting standards and (ii) to reflect such other factors as the Committee deems appropriate to fairly reflect pre-tax income.
Examples of Adjusted Pre-Tax Income in a sentence
See "Reconciliation of Adjusted Net Income (Loss), Adjusted Pre-Tax Income (Loss) and Adjusted Operating Income (Loss) to GAAP Net Income (Loss)" table below for more details.
See "Reconciliation of Adjusted Net Income (Loss), Adjusted Pre-Tax Income (Loss), and Adjusted Operating Income (Loss) to GAAP Net Income (Loss)" tables below for more details.
These PBRSUs are scheduled to vest one-third per year over three years subject to an additional performance hurdle (if cumulative Adjusted Pre-Tax Income for the prior three years is negative, the Compensation Committee will determine whether a portion, if any, of the PBRSUs will vest).
Represents corporate income taxes at a blended statutory rate of 25.0% applied to Adjusted Pre-Tax Income for all periods presented.
Consolidated Adjusted Pre-Tax Income* $ (1) Aircraft Rentals* $ (2) Net Interest Expense* $ (3) Depreciation and amortization* $ (4) Cash dividends paid* $ (5) Sum of lines (1), (2), (3), and (4), minus line (5) $ (6) Net Interest Expense* $ (7) Aircraft Rentals* $ (8) Sum of lines (7) and (8) $ (9) Ratio of line (6) to line (9) to Minimum Ratio 1.25 to 1.00 * For four fiscal quarter period ending on last day of Subject Period.
More Definitions of Adjusted Pre-Tax Income
Adjusted Pre-Tax Income the trailing four-quarter Consolidated EBITDA minus (1) Consolidated Interest Expense, (2) book depreciation, and (3) book amortization.
Adjusted Pre-Tax Income means the income from continuing operations before taxes of the Company, as reported in the Company's consolidated financial statements for the relevant periods, after such adjustments thereto as the Committee deems appropriate in its sole discretion (i) to exclude the effect of extraordinary, unusual and/or nonrecurring items, including net income attributable to non-controlling interests, and changes in applicable accounting standards and (ii) to reflect such other factors as the Committee deems appropriate to fairly reflect pre-tax income.
Adjusted Pre-Tax Income means, for any fiscal year, the amount equal to: (a) the Consolidated Net Income of Parent and its Subsidiaries (on a consolidated basis) for such year; plus (b) the provision for taxes deducted in determining such Consolidated Net Income; plus (c) any amounts deducted pursuant to clause (v) of the definition of Consolidated Net Income in determining the Consolidated Net Income for such year.
Adjusted Pre-Tax Income means income before income taxes, excluding inventory impairments and land option cost write-offs and goodwill impairments, as publicly reported by the Company in its financial statements in accordance with generally accepted accounting principles.
Adjusted Pre-Tax Income for any period, means the sum of (a) Net Income for such period plus (b) all amounts in respect of federal and state income taxes deducted in determining such Net Income, plus (c) all amounts deducted in calculating such Net Income in respect of depreciation, amortization, interest expense (including payments in the nature of interest under Capitalized Leases).
Adjusted Pre-Tax Income means, for any period, Consolidated Net Income for such period, plus, without duplication and to the extent deducted in calculating Consolidated Net Income for such period, the sum of (a) income tax expense and (b) provisions for loan losses on a managed basis, and minus, without duplication and to the extent added in calculating Consolidated Net Income the sum of (i) charge-offs in respect of Managed Accounts Receivable and (ii) extraordinary gains and gains on securitization transactions to the extent such gains exceed related fees.
Adjusted Pre-Tax Income. ‘ means the Company’s consolidated income before income taxes determined in accordance with GAAP, excluding the following items: (a) items generally excluded from earnings per share and earnings before interest, taxes, depreciation and amortization, or EBITDA, by the Company or institutional investors or analysts when evaluating the Company’s performance, such as one-time gains or losses from asset sales, dispute or litigation charges or recoveries, impairment charges, acts of God, restructuring charges and other non-GAAP adjustments, but including normal provisions for slow moving and obsolete inventory and accounts receivable; (b) the impact of any acquisitions, divestitures, discontinuance of business operations, or restructuring; and (c) the cumulative effect of any accounting changes.