For the fourth quarter of 2015 Trimble expects revenue to be between $520 million and $550 million with GAAP
earnings per share of $0.
4) These non-GAAP
financial measures facilitate comparisons to the operating results of other companies in our industry, which use similar financial measures to supplement their GAAP
results, thus enhancing the perspective of investors who wish to utilize such comparisons in their analysis of our performance.
Securities and Exchange Commission (SEC) considers a non-GAAP
financial measure a numerical measure of past or future financial performance, financial position or cash flows that includes amounts that are excluded from the most directly comparable GAAP
measure or excludes amounts that are included in the most directly comparable GAAP
A complete reconciliation of GAAP
results is attached to this press release.
In addition, CommVault believes these non-GAAP
operating measures are useful to investors, when used as a supplement to GAAP
financial measures, in evaluating CommVault's ongoing operational performance.
Industry groups, including the Private Equity Industry Guidelines Group (PEIGG) in the United States and the venture capital associations in Europe, have developed PE valuation guidelines that help managers estimate fair value in accordance with relevant GAAP
rules in a consistent manner.
Essentially, IFRS 4 allows insurance contracts to continue to be accounted for under local GAAP
methods,"as long as they can be identified as insurance contracts," said Nagari, whose London-based group is developing a "global interpretation" of IFRS, along with PwC's position on the implications of IFRS 4 for insurance contracts.
Regulation G defines the term "non-GAAP
financial measure" as any numerical measure of historical or future financial performance, financial position, or cash flows that excludes amounts that would be included in analogous GAAP
But patents earned through in-house research and development cannot be identified as assets, because under GAAP
, R&D is treated as an expense in the period in which it occurs.
We recommend that the GAAP
E&P method permit taxpayers to start with their financial statements and limit those adjustments to those items that are likely to be material.
Significantly, Judge Laro held that Wal-Mart's methodology conformed with GAAP
because Wal-Mart received an unqualified audit opinion from its independent auditors, Ernst & Young (E&Y).
, the annual rent expense recorded in the financial statements is $10,450, although the cash expense is only $10,000 in the first year of the lease and increases by $100 in each succeeding year.