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Extraordinary Gain
(redirected from Extraordinary Gains)

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Extraordinary Gain
Non-recurring, non-operating profit in a given fiscal year. Publicly-traded companies must include extraordinary gains (and extraordinary losses) on their annual and quarterly reports; they are usually explained separately so as not to detract from the companies' usual gains and losses. One of the most common extraordinary gains a company may report is the sale of a subsidiary or stake in another company for an amount greater than the asset value carried on the company's balance sheet.

extraordinary gain
Income from an unusual, infrequently occurring event or transaction. For example, a firm might sell a subsidiary at a price significantly higher than the value at which that subsidiary's assets are carried on the firm's balance sheet. An extraordinary gain is reported separately from regular income to emphasize the fact that it is nonrecurring.


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The net income for the three months ended June 30, 2000 and 1999 included extraordinary gains of $126,000 ($.
Earnings before income taxes and extraordinary gains increased 83 percent to $3,834,902, versus $2,094,463 in the corresponding period of the prior year.
The extraordinary gains for both periods were realized as a result of DVL's satisfaction of indebtedness at a discount.
 
 
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