Core earnings

Core earnings.

Core earnings report the performance of a corporation's core business operations, including producing and marketing the primary goods or services it sells, the cost of granting stock options, restructuring charges for ongoing operations, and meeting pension obligations.

Equally important, core earnings exclude gains in the value of a company's pension account portfolio, certain one-time sources of income, such as the sale of an asset, and goodwill.

In developing this measure, Standard & Poor's intention was to provide investors with a uniform, more transparent way to compare earnings across companies.

References in periodicals archive ?
Core earnings is a non-GAAP measure and is defined as GAAP net income excluding unrealized gains on the aggregate portfolio, impairment losses, realized gains on sales of investments, realized gains or losses on futures, realized gains or losses on swap terminations, gain on deconsolidation, extinguishment of debt and certain other non-recurring gains or losses.
Core earnings in the fourth quarter of 2014 were USD713 million and in the full year 2014, USD2.
Danish bank Sydbank said on Tuesday (21 June) that it had upgraded its core earnings outlook for 2005 by DKK100m to DKK800-900m.
On an adjusted basis, Edison Internationals first quarter 2016 core earnings were $268 million, or $0.
Farmer Mac's first quarter 2013 results also included solid GAAP net income and non-GAAP core earnings and the continuation of good credit quality in the portfolio.
Core earnings amounted to DKK8,140m while earnings from investment portfolios amounted to DKK1.
The measure of core earnings excludes the above tax charge and also excludes other net non-core charges primarily related to merger costs.
On an adjusted basis, Edison International s third quarter 2015 core earnings were $377 million, or $1.