How is Adjusted EBIT defined in a legal contract?

• Adjusted EBIT means the net income or net loss of a company and its subsidiaries for an accounting period, plus any amounts which have been deducted for interest expense, income tax expense, rent expense and permitted non-cash charges.
  Seen in 26 SEC filings
• Adjusted EBIT means the income of a company and its subsidiaries after deduction of all expenses and charges, excluding interest expense and taxes, as determined in compliance with GAAP (Generally Accepted Accounting Principles).
  Seen in 17 SEC filings
• Adjusted EBIT means the Consolidated Net Income for a period PLUS any amounts deducted in determining such Consolidated Net Income for such period for interest expense, federal, state and local income tax expense, non-cash contributions or accruals to deferred profit sharing or compensation, and permitted adjustments.
  Seen in 16 SEC filings
• Adjusted EBIT means EBIT, excluding charges associated with restructuring activities, stock-based compensation, intangible asset impairment, significant severance obligations and unusual or extraordinary events.
  Seen in 9 SEC filings
• Adjusted EBIT means the net earnings of the company and its subsidiaries for a defined period, plus Interest Expense, provision for income taxes, and certain non-recurring non-cash charges and expenses, minus any non-recurring non-cash gains.
  Seen in 8 SEC filings

Note: GAAP refers to Generally Accepted Accounting Principles, and EBIT refers to Earnings Before Interest and Taxes

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of adjusted ebit’ yourself to verify these results. We are always keen to point people to source documents.

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Genie Definition 2

• Adjusted EBIT means [Company's] net earnings, plus interest, tax, non-recurring deductions, less non-recurring gains.

Relevant Contract Types

• Joint Venture Agreements
• Sales and Purchase Agreements
• Commercial Lease Agreements
• Partnership Agreements

Relevant Circumstances

• During deal structuring and negotiation
• Analysis of company financial position during due diligence
• Setting targets and performance metrics for joint ventures
• Assessing repayment capacity in commercial lease agreements

Relevant Sectors

• Real Estate
• Retail
• Construction
• Hospitality

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