Pretax earnings or profits

(redirected from Pre-Tax Earnings)

Pretax earnings or profits

Net income before federal income taxes are subtracted.

Pretax Earnings or Profits

A company's total revenue less its operating expenses, interest paid, and depreciation, but not taxes. For example, a widget manufacturer earns $1,000,000 in total revenue. The widgets cost $200,000 to make and his administrative and payroll expenses total $250,000. He also must subtract $50,000 in depreciation on his widget manufacturing equipment. His net income is stated as: $1,000,000 - $200,000 - $250,000 - $50,000 = $500,000. It is important to note, however, that this number does not include any taxes that the widget manufacturer must pay that year; this fact is what differentiates pretax earnings or profits from net income.
References in periodicals archive ?
Euro Accident Sweden's contribution to National General's pre-tax earnings was a loss of $3M for the first six months of 2019 and a pre-tax gain of $3M for full year 2018.
Forbes compiled its 2019 list by estimating pre-tax earnings from June 2018-June 2019, before deducting fees for managers, based on data from Nielsen, touring trade publication Pollstar, film database IMDB and interviews with industry experts and many of the personalities themselves.
As per the magazine, the singer pulled in about USD 185 million in pre-tax earnings over the past year, reported E!
Forbes estimated his pre-tax earnings at $150m, driven mostly by his popular Yeezy sneaker line, putting him in third place.
Forbes estimated his pre-tax earnings at $150 million, driven mostly by his popular Yeezy sneaker line, putting him in third place.
For the fiscal year, pre-tax earnings were USD2.13m, lower by 77.8% versus pre-tax earnings of USD9.619m for the prior period
George Clooney made more money last year than any actor across a 12-month period - thanks in part to the sale of the tequila company he co-founded.Forbes estimates the 57-year-old star made $239m (Pound 180m) in pre-tax earnings in the year beginning 1 June 2017.That puts him second in its annual list of the world's best-paid celebrities, a place behind boxer Floyd Mayweather.
United reported first-quarter net income of USD 292 million, diluted EPS of USD 1.09, pre-tax earnings of USD 367 million and pre-tax margin of 3.8 percent, expanding pre-tax margin 1.8 points versus the first quarter of 2018.
The company's pre-tax earnings for the fourth quarter of 2018 were USD96,000 compared to USD244,000 for the fourth quarter of 2017.
The operator of world's largest oil refining complex however saw pre-tax earnings from the business decline for the second quarter in a row.
The company made the comment when posting improved pre-tax earnings for its Q2 results.
Gulf Coast saw an increase in loans, pre-tax earnings and total assets for 2017, the New Orleans-based bank announced in January.