* Comparable EPS excluding depreciation and amortization
arising from PPA EUR 0.25 (EUR 0.32)
Operating income before depreciation and amortization
and associate's earnings, though, gained 4% to $428.8 million, driven by gross margin that expanded 22 basis points to 19.89% and a 4-basis-point reduction of operating expenses to 12.58% of sales.
For example, taxpayers might need access to subsidiary ledgers supporting depreciation and amortization
deductions, so they can determine when and at what historical rates the assets were acquired.
The six-month net was a loss allocable to common of $4.1 million, including depreciation and amortization
of $15.9 million, versus a net profit allocable to common of $3 million in the prior period.
Had the sale and output arrangements with Cinram described above occurred at the beginning of 2003, Operating Income before Depreciation and Amortization
for AOL Time Warner for the six months ended June 30, 2003 would have been reduced by approximately $130 million.
We couldn't be more pleased to report our sixth consecutive year of record high revenues and EBITDA (earnings before interest, taxes, depreciation and amortization
), especially considering that the results reflect an $11 million charge due to the WorldCom bankruptcy."
The two community hospitals report revenue of about $28.5 million and earnings before interest, taxes, depreciation and amortization
of about $3 million for the same 12 months.
The difference between the net loss and EBITDA for the quarter resulted from the following noncash items: $2.0 million for depreciation and amortization
expense, $0.3 million for the write-off of financing expenses related to LendingTree's equity financing line, $0.3 million from the write-off of an investment and $0.2 million in stock-based compensation expense.
This election is made on Form 4562, Depreciation and Amortization
; employees can use Form 2106, Employee Business Expenses.
Depreciation and amortization
expense, which is included in adjusted operating expenses above, is expected to be in the range of $35M-$40M, excluding the amortization of acquired intangible assets of $138M.