NOPAT definition

NOPAT means cash adjusted net operating profits after taxes for the Plan Year, calculated as follows:

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NOPAT means the Company’s Operating Profit minus all taxes applicable to such Operating Profit; and

NOPAT means the after tax cash earnings attributable to the capital employed in the Participating Group for the year in question. The components of NOPAT are as follows:

Examples of NOPAT in a sentence

• Return on Invested Capital is calculated for each fiscal year in the Performance Period by dividing the Company’s NOPAT for such period by the Company’s Average Invested Capital for such period.

• For purposes of this Award, ROIC shall be expressed as follows: Three-Year Average ROIC = ( ( NOPAT (Yr1)Average Invested Capital (Yr1) ) + ( NOPAT (Yr2)Average Invested Capital (Yr2) ) + ( NOPAT (Yr3)Average Invested Capital (Yr3) ) ) ÷ 3 Return on invested capital (ROIC) is a profit measure that is calculated by taking the Company's net operating profit after tax (NOPAT), divided by average invested capital.

• NOPAT - (Income from continuing operations - net income attributable to non-controlling interests) + (gross interest expense x (1 - statutory tax rate)).

• Return on Invested Capital, determined for the four fiscal quarters beginning each December 1 and ending November 30 during the Performance Period, calculated by dividing the Company's NOPAT for such period by the Company's Average Invested Capital for such period.

• Return on Invested Capital, determined for the four fiscal quarters beginning each December 1 and ending November 30 during the Performance Period, calculated by dividing the Company’s NOPAT for such period by the Company’s Average Invested Capital for such period.

More Definitions of NOPAT

NOPAT means the Company’s Net Income plus tax effected interest expense plus preferred stock dividends.

NOPAT means the product of EBIT multiplied by the sum of 1 minus the Tax Rate.

NOPAT means the Company’s net operating profit after tax, as determined by the Committee from the Company’s audited financial statements.

NOPAT means net income plus after-tax financing expense.

NOPAT is defined as operating income minus Cash Tax Paid. “Cash Tax Paid” is defined as income taxes as reflected on the income statement minus deferred taxes as reflected on the cash flow statement. “Average Invested Capital” is defined as the average of the beginning and ending Invested Capital during the year. “Invested Capital” is defined as capital lease obligations, plus short and long term debt plus total stockholders’ equity minus an amount equal to cash and cash equivalents. Invested Capital shall exclude investment amounts associated with aircraft acquisition until the first time that such aircraft is flown under a customer contract at which time all amounts accrued with respect to such aircraft shall be considered in the Average Invested Capital calculation from such date. Invested Capital shall be reduced by the amount of any investments held in the Company’s direct or indirect debt securities that remain outstanding and that have not otherwise been defeased.

NOPAT means, with respect to an EVA Business Unit for a fiscal year, the net operating profit after taxes for such fiscal year, as determined by the Chief Financial Officer with the concurrence of the Committee.

NOPAT means Net Operating Profit After Tax as determined by the Committee in its sole discretion.