Noncash Item

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Noncash Item

A negotiable instrument that may be used to pay for goods and services but is not credited to the seller until it is cleared through a bank. Examples of noncash items include checks and debit cards.
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* An increase in environmental rehabilitation costs of $27 million (post-tax) or 7 US cents per share (non-cash item) as a result of the adverse impact of lower risk-free interest rates used in determining the environmental rehabilitation obligations.
GAAP of approximately $0.12 per share, recorded in the first quarter of 2019, which is a non-cash item, as well as the Canadian tobacco litigation-related expense of approximately $0.09 per share; The exclusion, announced on March 22, 2019, of RBH's previously anticipated net earnings from PMI's consolidated financial statements, from March 22, 2019 to December 31, 2019, of approximately $0.28 per share; Asset impairment and exit costs of approximately $0.03 per share resulting from plant closures as part of global manufacturing infrastructure optimization, reflecting: $0.01 per share related to Pakistan recorded in the first quarter of 2019; and $0.02 per share related to Colombia; A favorable tax item of $0.04 per share related to a reduction in estimated U.S.
"This non-cash item will add considerably to the expected loss for the (third) quarter," Petroleum Geo-Services said.
This one-time, non-cash item impacted 2017 fourth quarter and twelve-month earnings by $0.18 per diluted share.
It is a non-cash item, which will not affect cash flow, financial targets or the business plan of the Electronics business.
This estimated impact is a non-cash item for fourth quarter 2017 and is expected to be treated as a special item.
In fiscal 2017, coverage fell to 1.4x, although primarily due to a higher non-cash item, pension expense.
Since it is a non-cash item, it will not affect cash flow, financial targets or the business plan of the Electronics business, the company clarified.
Net profit was affected by an increase of a non-cash item of CAD396,000 related to the grant of stock options in January 2017.
"The impairment charge is a non-cash item and it will not impact the significant cash flow (EBITDA), which the Group generates from its operations," it added.
The non-cash item of 3.43 billion euros (pounds 2.13bn) pushed Orange's net loss down to 4.52 billion euros (pounds 2.8bn) from 1.32 billion euros a year earlier.
Research and development expenses of USD2.09m was recorded for fiscal 2018, up by USD0.11m from R&D of USD1.97m for the prior year, primarily due to activities intended to increase the scalability and throughput capacity of existing manufacturing systems, including engineering lots of KLH produced under the company's optimization initiative, as well as a non-cash item related to its share of operational expenses of its Neostell joint venture.

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