net income
Noun
Meaning
the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
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Examples
ABN confirmed it plans to pay out 50% of its net income which would result in a dividend of 80 cents per share in 2024.
Accordingly, the Company is unable to provide reconciliations from GAAP to non-GAAP for non-GAAP adjusted net income without unreasonable effort.
A few jurisdictions compute net income as a fixed percentage of gross revenues for some types of businesses, particularly branches of nonresidents.
Adjusted net income is a non-GAAP measure which excludes deferred compensation income/expense, cash-settled stock appreciation rights (SARs) income/expense, as well as other significant and infrequent/non-recurring items.
Adjusted net income represents an annualized return on average assets of 1.48% and return on average tangible common equity of 15.38%.
After this, the unified corporate income tax rate will be 10%, irrespectively from the size of the net income before tax.