operating income
Noun
Meaning
operating income
(business, accounting) Income from doing business (as opposed to unearned income such as interest) with operating expenses subtracted, but before taxes have been subtracted.
Synonyms
Examples
Interest Expense on Debt is excluded from Net Revenues and presented below Operating Income in the Adjusted results and is included in Interest Expense on a U.S. GAAP basis.
Our management utilizes Adjusted Operating Income in its financial decision making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes.
Third quarter Adjusted Operating Income, a non-GAAP financial measure defined below, was in the prior year period.
Operating income also improved by 10.4% year-on-year to close at N293.7 billion, up from N265.9 billion achieved in the corresponding period of 2019.
Operating income fell 36% for its gas business due to lower selling prices and higher natural gas costs, and plunged 99.9% for its coal business as sales declined.
Operating income more than halved to $20 million.