Gross Profit means as to any Performance Period the difference between gross revenue of the Company or any business unit and cost of goods sold of the Company or such business unit, in each case determined in accordance with GAAP.
The Base Year amounts are determined using the immediately preceding fiscal year for Same Store Sales and the prior three-year rolling average, with the immediately preceding year receiving a 4:1 weighting over the other two years included in the calculation, for both Gross Profit and Pre-Bonus Net Income.
Unrealized Gross Profit represents the excess difference between the Estimated Remaining Collections and the Basis in Portfolio Assets.
Operating Margin is a non-GAAP measure defined as Gross Profit less SG&A and R&D expenses.
To the extent the Gross Profit generated from the Purchased Assets exceeds $100,000 for the full calendar year following the Closing, the Purchase Price will be adjusted upward proportionately such that each additional dollar of Gross Profit in excess of $100,000 will increase the Purchase Price by seven (7) dollars (the “Earn Out”).
News ReleaseConsolidated Supplemental Financial Data (Unaudited)(in millions)Reconciliation from Gross Profit to Segment IncomeThe Company views segment income, as defined below, as a principal measure of performance of its operations and for the allocation of resources.
More definitions of Gross Profit
Gross Profit means, on a per ANDA Product basis and for a given calendar quarter, the remainder, if any, that results from Net Sales of such ANDA Product in the Territory minus the Cost of Sales of such ANDA Product. XXXXX.
Gross Profit means Net Sales of Purchaser from sales of Product during a calendar quarter less the aggregate Transfer Price paid for such Product. In the event for any calendar quarter the above calculation results in a negative number, “Gross Profit” shall be deemed zero for such calendar quarter.
Gross Profit for a particular Product means Net Sales of each of such Product minus the aggregate Cost of Sales of each of such Product sold during the applicable period.
Gross Profit means, with respect to a fiscal year of the Company, the excess, if any, of (x) the sum of (i) the amount set forth in the Company’s audited Consolidated Statements of Operations as set forth in the Company’s annual report on Form 10-K (the “Income Statement”) for such fiscal year with respect to the line item “Net income (loss)” plus (ii) the amount reflected in the Company’s Income Statement for such fiscal year as compensation expense relating to the 2008-2010 Earnings Participation Award Agreements, dated the date hereof, between the Company and each of Gerald Kelfer, Jonathan Fels and Michael Levy, as amended from time to time, plus (iii) the amount, if any, set forth in the Company’s Income Statement for such fiscal year with respect to the line item “Income tax expense (benefit)”, to the extent that there is “Income tax expense” less (iv) the amount, if any, set forth in the Company’s Income Statement for such fiscal year with respect to the line item “Income tax expense (benefit)”, to the extent that there is “Income tax (benefit)” plus (v) the amount(s), if any, set forth in the Company’s Income Statement for such fiscal year relating to any income tax expense included in any income or (loss) attributable to the discontinued operations and/or extraordinary items set forth in the Income Statement less (vi) the amount(s), if any, set forth in the Company’s Income Statement for such fiscal year relating to any income tax (benefit) included in any income or (loss) attributable to such discontinued operations and/or extraordinary items set forth in the Income Statement plus (vii) for purposes of determining the Annual Cash Award, the Gross Profit Carry Forward Amount, if any, with respect to the Company’s prior fiscal year, over (y) the Excluded Amounts for such fiscal year.
Gross Profit means, with respect to sales of a particular product by a seller who is the producer of such product, the gross revenues derived by that seller or an Affiliate of Portions herein identified by [*****] have been omitted pursuant to a request for confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended. A complete copy of this document has been filed separately with the Securities and Exchange Commission. that seller (including without limitation net sales of the product to a non-Affiliate sublicensee but not including net sales by such non-Affiliate sublicensee), as determined in accordance with US GAAP as the gross amount invoiced on account of sales of the product less COGS as determined in accordance with US GAAP. In the case of any sale for value, such as barter or counter-trade other than in an arm’s length transaction exclusively for cash, Gross Profit shall be deemed to be the net sales at which substantially similar quantities of the product are sold for cash in an arm’s length transaction in the relevant country. If an AquaBounty Product is sold to any Third Party together with other products or services, the price of such product, solely for purposes of the calculation of Gross Profit, shall be deemed to be no less than the price at which such product would be sold in a similar transaction to a third party not also purchasing the other products or services.
Gross Profit means, with respect to any period, the gross profit of Borrower and its Subsidiaries as determined in accordance with GAAP consistently applied and consistent with the methodology reflected in Borrower’s financial statements for the fiscal year ended December 31, 2010 audited by Deloitte & Touche LLP.