pretax writedown

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Pretax Writedown

In accounting, the reduction in value of an asset before one accounts of taxes owed. Pretax writedowns may reduce one's tax liability. See also: Depreciation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

pretax writedown

An accounting reduction in the value of an asset, measured before any effect by income taxes.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
This fourth quarter results included a USD2.4m pre-tax write-down of commercial other real estate owned (OREO), the company said.
2Q13 included an additional USD 1.2m pre-tax write-down of the Bank's largest foreclosed property, which significantly influenced quarterly year-over-year net income and noninterest expense comparisons.
These figures also include a pre-tax write-down of USD32.3m, or USD0.08 per diluted share, for the company's 2008 equity investment in Isis Pharmaceuticals.
These figures also include a pre-tax write-down of $32.3 million, or 8 cents per diluted share, for the company's 2008 equity investment in Isis Pharmaceuticals.
Tribune also reported increased charges for severance and related charged in the quarter, and a $6 million pre-tax write-down of Tribune Entertainment program assets.
As a result, Multiplex has had to make a A$59 million (pounds 24m) pre-tax write-down on the project.
The projected loss is more than double the pounds 21m the Roberts family, which founded the firm and still holds an 26% stake in it, had agreed to cover As a result Multiplex has had to make a 59 million Australian dollars (pounds 24m) pre-tax write-down on the project.
Smith, the Q4 2015 results include a USD4.3m pre-tax write-down of the carrying value of crude oil inventories within the marketing segment and a USD10.9m pre-tax write-down in the carrying value of capitalized oil and gas property costs.
The bank is expected to post a USD600m pre-tax write-down for the fourth quarter, as it is planning to redeem USD2bn of trust preferred securities tied to its 2009 acquisition of Merrill Lynch.
Following the USD6.8 million non-cash, pre-tax write-down of certain older aircraft, the net loss in the second quarter of 2014 was USD3.9 million, or (USD2.54) per diluted share.
The 2014 results included USD18.7 million of non-cash pre-tax write-downs on older equipment.
The three lenders posted CAD2.26bn in pre-tax write-downs, adding to about CAS2.3bn taken by Bank of Montreal (NYSE: BMO), Bank of Nova Scotia (NYSE: BNS) and Royal Bank of Canada (NYSE: RY) (TSX: RY).