Adjusted EBITDA generally represents cash proceeds on our owned charged-off receivables plus the contribution of our other business activities less operating expenses (other than non-cash expenses
, such as depreciation and amortization) as adjusted.
Included in research and development expenses for the quarter ended December 31, 2009 was a non-cash expense
Selling, general and administrative expenses of $21 - $23 million, including a non-cash expense
of $3 - $4 million related to the impact of expensing share-based payments, including employee stock options; increased selling, general and administrative expenses reflect our initial sales and marketing preparations for the potential commercialization of INCB18424 for myeloproliferative disorders
The net loss for the third quarter without non-cash expenses
associated with the issuance of warrants and the sale of a building would have been $10.
2 million (including a non-cash expense
of $342,000 related to stock based compensation) or $0.
19 per share) of non-cash expenses
in the fourth quarter and $1,813,000 ($.
The Company expects selling, general and administrative expenses to be in the range of $14 to $16 million in 2007, including a non-cash expense
of $3 to $4 million related to the impact of expensing share-based payments, including employee stock options.
5 million of non-cash expense
attributable to an asset impairment write-down of software acquired from PyX Technologies;
106 will require the company to recognize a pretax charge in the range of $290 to $310 million to account for the prior service cost of retiree health care and life insurance benefits and an additional ongoing non-cash expense
in the range of $4 to $5 million each quarter beginning in the first quarter of 1993.
A significant portion of the increased costs reflect allocation to these categories of non-cash expense
relating to stock options as required under Statement on Financial Accounting Standard 123R (SFAS 123R).
The incremental ongoing annual non-cash expense
in 1992 associated with the accounting standard amounts to $48 million after tax, or $0.
Even after factoring in non-cash expenses
of USD151,190 related to share-base compensation, depreciation and amortization, income from operations rose 853 percent to USD467,506 over a loss from operations of USD62,084, which factored in USD97,807 in similar non-cash expenses