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    News and Articles on Accounting Principles

    Archives: Accounting Principles

    Stock Picks: Dell, Gap  Nov 21, 2009
    Wu also took issue with the quality of Dell's earnings per share because of the "sizable" gap between what the company reported that conforms to official accounting principles and its pro forma profit excluding certain one-time items. Companies issue pro forma earnings to separate out charges and gains that cloud its true operating performance. (BusinessWeek)

    Traverse Energy Ltd. (TSX Venture: TVL) Releases Third Quarter 2009 Results  Nov 20, 2009
    Funds flow as presented does not have any standardized meaning prescribed by Canadian Generally Accepted Accounting Principles and therefore may not be comparable with the calculation of similar measures for other entities. OPERATIONS REVIEW During the third quarter of 2009, Traverse became more active with increased staff and capital spending. (CCNMatthews Press Releases)

    Nalco CTO Presents at Midwest Clean Tech 2009  Nov 20, 2009
    Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business... (Primezone Releases)

    One Exploration Inc. announces 2009 3rd quarter results, property disposition and updated banking arrangements  Nov 19, 2009
    NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (Canada Newswire)

    Simon Property Mulls Buying General Growth Mall Assets With Lazard Hiring  Nov 18, 2009
    Between now and the end of February, Simon has no standing in the bankruptcy court and its only when General Growth gets much farther into the process of refinancing its secured debt and its unsecured debt and its claims on the equity " before Simon might be able to bid, Sullivan said. Logical Buyer Simon Property has been raising money through debt and equity sales and preserving capital by paying 80 percent of its in stock. The mall owner in August sold $500 million of senior... (Bloomberg -- US)

    State Bancorp, Inc. Reports Special Stockholders Meeting Results  Nov 18, 2009
    Factors that could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in: market interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, the quality and composition of the loan and lease or investment portfolios, demand for loan and lease products, demand for financial services in the Company's primary trade area, litigation, tax and other... (Primezone Releases)

    SafeNet to pay $1M to settle SEC lawsuit  Nov 18, 2009
    The settlement represented the SEC s first enforcement of a policy known as Regulation G, which dates back to the scandal and requires companies to translate non-GAAP (generally accepted accounting principles) financial measures to the most directly comparable GAAP financial measure. Non-GAAP measures typically include things like one-time charges. (Baltimore Business Journal, MD)

    Lucas Energy Reports Second Fiscal Quarter 2009-2010 Results, Turns EBITDA Positive  Nov 17, 2009
    Adjusted EBITDA is not a Generally Accepted Accounting Principle ("GAAP") measure of performance. We use this non-GAAP measure primarily to compare our performance with other companies in the industry that make a similar disclosure and as a measure of our current liquidity. (Primezone Releases)

    Open Range Energy Corp. Reports Third Quarter Results, Provides Operational Outlook and Announces First-Half 2010 Guidance  Nov 17, 2009
    The terms "funds from operations", "funds from operations per share" and "operating netback" in this discussion are not recognized measures under Canadian generally accepted accounting principles (GAAP) ... The interim financial statements of Open Range Energy Corp. ("Open Range" or the "Corporation") have been prepared by management in accordance with Canadian generally accepted accounting principles (GAAP). (CCNMatthews Press Releases)

    LBI Media, Inc. Reports Third Quarter 2009 Results  Nov 17, 2009
    "Results for the Three Months Ended September 30, 2009Net revenues decreased by $3.0 million, or 9.7%, to $27.5 million for the three months ended September 30, 2009, as compared to $30.5 million for the same period in 2008. This change was primarily attributable to decreased total advertising revenue in both our radio and television segments, reflecting the general decline in the advertising industry due to the U.S. recession.Net revenues for our radio segment decreased by $0.7 million, or... (Yahoo! Wire -- Entertainment News)

    Anchor BanCorp Wisconsin Inc. Announces Second Quarter Results, Significant Reduction in Charge-Offs  Nov 14, 2009
    These factors include changes in general economic conditions, deposit flows, loan demand, asset quality, competition, legislation or regulation and accounting principles, policies or guidelines affecting reports filed with the Securities and Exchange Commission for financial and business information regarding Anchor BanCorp, including information which could affect Anchor BanCorp's forward-looking statements. Outcomes related to such statements are subject to numerous risk factors and... (Primezone Releases)

    Comtex Reports First Quarter Fiscal 2010 Earnings  Nov 14, 2009
    EBITDA is not a term defined by U.S. generally accepted accounting principles, and as a result, our measure of EBITDA might not be comparable to similarly titled measures used by other companies. However, we believe that EBITDA is relevant and useful information, which is often reported and widely used by analysts, investors and other interested parties in our industry. (Yahoo! Wire -- Entertainment News)

    Rainmaker Reports Results for the Three and Nine Months Ended September 30, 2009  Nov 14, 2009
    Below is selected information derived from the unaudited interim consolidated financial statements which have been prepared in accordance with Canadian generally accepted accounting principles ... EBITDA is not a term defined under generally accepted accounting principles. (CCNMatthews Press Releases)

    NuVista Energy Ltd.: Third Quarter Interim Report  Nov 13, 2009
    Basis of presentation - The financial data presented below has been prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") ... Critical accounting estimates - The consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles ... Canadian generally accepted accounting principles as we currently know them, will cease to exist for all public reporting entities. (CCNMatthews Press Releases)

    Gaming Partners International Reports Financial Results for the Third Quarter and Nine Months of 2009  Nov 13, 2009
    Adjusted Operating income is a non-generally accepted accounting principle measure which management believes facilitates a better understanding of the results of our operations. For the nine months ended September 30, 2009, revenues were $33. (Yahoo! Wire -- Entertainment News)

    Avenir Diversified Income Trust Announces Third Quarter 2009 Results  Nov 13, 2009
    Units Outstanding - Basic 41,965,545 41,909,360 0% Units Outstanding (including escrowed units) 42,033,012 42,066,414 0% ---------------------------------------------------------------------------- (1) Funds from continuing operations, funds from continuing operations per unit, funds from operations, funds from operations per unit and working capital (net debt) are not recognized measures under Canadian generally accepted accounting principles (GAAP). Funds from operations is calculated by... (CCNMatthews Press Releases)

    Argosy Energy Inc. Announces Third Quarter Results  Nov 13, 2009
    The financial data presented has been prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") ... The unaudited interim financial statements have been prepared by management on a going concern basis in accordance with Canadian generally accepted accounting principles ... Statements relating to "reserves" or "resources' are deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves... (CCNMatthews Press Releases)

    Turbo Power Systems Inc. (TPS) Announces Results for the Third Quarter and Nine Months Ended 30 September 2009  Nov 13, 2009
    These consolidated financial statements have been prepared on the basis of Canadian generally accepted accounting principles ("Canadian GAAP") applicable to a 'going concern', which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations ... There can be no assurances that the Company's activities will be successful or sufficient and as a result there is doubt regarding... (CCNMatthews Press Releases)

    Bankers Petroleum announces third quarter financial and operational results  Nov 13, 2009
    Horizontal Drilling Update. CALGARY, November 13, 2009 /CNW/ - Bankers Petroleum Ltd. ('Bankers' or the 'Company') (TSX: BNK, AIM: BNK) is pleased to announce its financial and operating results for the period ended September 30, 2009. (Canada Newswire)

    Xtreme Coil Achieves Record Third Quarter EBITDA and Operating Days and Provides Update  Nov 13, 2009
    Management prepares the consolidated financial statements in accordance with Canadian generally accepted accounting principles ("GAAP") and expresses all amounts in Canadian dollars ("CAD") unless otherwise stated. This MD&A is based on information available as at November 10, 2009. (CCNMatthews Press Releases)

    First Advantage Bancorp Announces 2009 Third Quarter Earnings  Nov 13, 2009
    Factors which could have a material adverse effect on the operations of the Company and its subsidiary include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for... (Primezone Releases)

    IIJ Announces First Six Months Financial Results for the Fiscal Year Ending March 31, 2010  Nov 13, 2009
    Changes in accounting principles, procedures and disclosures in quarterly consolidated financial statements ... Effective July 1, 2009, IIJ adopted the FASB Accounting Standards Codification ("ASC") 105, "Generally Accepted Accounting Principles (the provisions of which were previously included in SFAS No. 168 "Accounting Standards Codification and the hierarchy of generally accepted accounting principles"). This pronouncement prescribes the change which divides non-governmental U.S. GAAP into... (Primezone Releases)

    Norex Reports Improved Third Quarter Results  Nov 12, 2009
    (1) "EBITDA" is a financial measure that does not have any standardized meaning prescribed by Canadian generally accepted accounting principles ("GAAP") and may not be comparable to similar measures presented by other companies ... (2) "Gross profit" is a financial measure that does not have any standardized meaning prescribed by Canadian generally accepted accounting principles ("GAAP") and may not be comparable to similar measures presented by other companies ... In accordance with generally... (CCNMatthews Press Releases)

    Destiny Resource Services Corp. Announces Q3'09 Results  Nov 12, 2009
    The following discussion and analysis of financial results for the nine months ended September 30, 2009 ("Q3'09") and September 30, 2008 ("Q3'08") is based on information available until November 11, 2009 (unless otherwise noted) and upon the Company's unaudited consolidated interim financial statements for the periods presented, which were prepared in accordance with Canadian generally accepted accounting principles ("GAAP"), and should be read in conjunction with the Company's audited... (CCNMatthews Press Releases)

    Futuremed Announces Strong Organic Growth in Third Quarter 2009  Nov 12, 2009
    Readers are cautioned that Payout Ratio distributable cash and distributable cash per unit are not Generally Accepted Accounting Principles ("GAAP") measures and should not be construed as an alternative to net earnings and earnings per share determined in accordance with GAAP as an indicator of the Fund's performance. The Fund's methods of calculating these measures may differ from other issuers' methods and accordingly, they may not be comparable to measures used by other issuers. (CCNMatthews Press Releases)

    Arsenal Energy Releases Q3 Results  Nov 11, 2009
    15 ---------------------------------------------------------------------------- (1)"Funds from operations", "funds from operations per share", "netbacks" and "netbacks per boe" are not defined by Generally Accepted Accounting Principles ("GAAP") in Canada and are regarded as non-GAAP measures ... Certain financial measures referred to in this release, such as funds from operations and funds from operations per share, are not prescribed by generally accepted accounting principles (GAAP). (CCNMatthews Press Releases)

    Essential Energy Services Trust Announces Third Quarter 2009 Results and Elimination of the Distribution  Nov 11, 2009
    Throughout this news release, certain terms that are not specifically defined in Canadian Generally Accepted Accounting Principles ("GAAP") are used to analyze the operations. In addition to the primary measures of net earnings and net earnings per unit in accordance with GAAP, the Trust believes that certain measures not recognized under GAAP assist both the Trust and the reader in assessing performance and understanding the Trust's results. (CCNMatthews Press Releases)

    Comment on this article  Nov 11, 2009
    Generally accepted accounting principles define depreciation as the systematic reduction in service value of property, plant, and equipment (PP other fixed assets over their respective service lives. The purpose is to recognize the expense of asset wear and tear or technological obsolescence as a function of time and operation. (Energy Pulse, CO)

    China Digital TV Announces Unaudited Third Quarter 2009 Results  Nov 11, 2009
    (Note: Unless otherwise stated, all financial statement measures presented in this press release are based on generally accepted accounting principle in the United States ("U.S. GAAP"). . (Yahoo! Wire -- Entertainment News)

    Galaxy Entertainment Group Announces 3Q 2009 Results  Nov 11, 2009
    In comparing Galaxy's results to those of US corporations whose results are prepared under generally accepted accounting principles in the United States ("US GAAP"), it should be noted that gross gaming revenues, presented under US GAAP, are reduced by commissions and discounts paid to players, to arrive at net gaming revenues. An adjusted EBITDA margin would then be calculated based on these reduced net gaming revenues, resulting in a significantly higher EBITDA margin than that calculated... (Yahoo! Wire -- Entertainment News)

    Adams Golf Announces Results for Third Quarter 2009  Nov 11, 2009
    This press release includes adjusted earnings and earnings per share financial measure that have not been calculated in accordance with generally accepted accounting principles, or GAAP. These non-GAAP financial measures exclude certain items that are included in our earnings calculated in accordance with GAAP and they are not meant to be considered in isolation or as a substitute for the comparable GAAP measure. There are limitations to these non-GAAP financial measures because they are... (Primezone Releases)

    HSBC Bank Canada - Third quarter 2009 results*  Nov 11, 2009
    TORONTO, Nov. 11 /CNW. - Net income attributable to common shares was C$101 million for the quarter ended 30 September 2009, a decrease of 15. (Canada Newswire)

    Primaris Retail REIT Announces Third Quarter Results  Nov 11, 2009
    Funds from Operations, which is not a defined term within Canadian generally accepted accounting principles, has been calculated by management in accordance with REALPac's White Paper on Funds from Operations ... Funds from operations ("FFO"), net operating income ("NOI") and earnings before interest, taxes, depreciation and amortization ("EBITDA") are widely used supplemental measures of a Canadian real estate investment trust's performance and are not defined under Canadian generally accepted... (CCNMatthews Press Releases)

    ATS reports second quarter fiscal 2010 results  Nov 10, 2009
    " Financial Results In millions 3 months 3 months 6 months 6 months of dollars, ended ended ended ended except per Sept 27, Sept 30, Sept 27, Sept 30, share data 2009 2008 2009 2008 ------------------------------------------------------------------------- Revenue ASG $ 97.0 $ 147.4 $ 212.2 $ 290.2 from ------------------------------------------------------------ continuing Photowatt 51.5 72.5 91.6 141.9 operations ------------------------------------------------------------ Inter-segment (0.3)... (Canada Newswire)

    Lionsgate Reports Net Income of $31.7 Million and Adjusted EBITDA of $54.4 Million for Second Quarter of Fiscal 2010 Compared to Net Loss of $51.8 Million and Adjusted EBITDA of Negative $35.9 Million in Prior Year's Second Quarter  Nov 10, 2009
    While management considers EBITDA as defined, and EBITDA as adjusted, to be an important measure of comparative operating performance, it should be considered in addition to, but not as a substitute for, net income and other measures of financial performance reported in accordance with Generally Accepted Accounting Principles. EBITDA as defined and EBITDA as adjusted, do not reflect cash available to fund cash requirements. (Yahoo! Wire -- Entertainment News)

    Buongiorno's EBITDA and Net Profit Continued Steady Growth in the First Nine Months of 2009. Net Financial Debt Decreased by Euro 12 Million Compared to 2008 Year-end Figure  Nov 10, 2009
    8% compared to the same period of 2008 due to portfolio clean up and changes in accounting principles of some telcos contracts. - Revenue for Q3 at Euro 66. (Yahoo! Wire -- Entertainment News)

    Edge Petroleum Announces Results for Third Quarter Of 2009  Nov 10, 2009
    Net cash flow provided by operating activities before working capital changes is not a measure of financial performance prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and should not be considered in isolation or as an alternative to net cash flow provided by operating activities. In addition, since net cash flow provided by operating activities before working capital changes is not a term defined by GAAP, it might not be comparable... (Primezone Releases)

    Westwood One, Inc. Reports Results for the Third Quarter 2009  Nov 10, 2009
    Adjusted EBITDA is not a performance measure calculated in accordance with Generally Accepted Accounting Principles ("GAAP"). In the third quarter of 2009, free cash flow, defined as net income (loss), plus non-cash items, specifically depreciation and amortization, stock-based compensation, goodwill impairment and amortization of deferred financing costs, and cash items including restructuring and special charges, less capital expenditures, decreased $7. (Yahoo! Wire -- Entertainment News)

    PetroBakken Announces Third Quarter Results and Current Production of 44,500 boepd  Nov 10, 2009
    This press release contains financial terms that are not considered measures under Canadian generally accepted accounting principles ("GAAP"), such as net debt and operating netback. These measures are commonly utilized in the oil and gas industry and are considered informative for management and shareholders. (CCNMatthews Press Releases)

    Benvest New Look Income Fund Releases Its Results for the Third Quarter of 2009  Nov 10, 2009
    EBITDA is not a recognized measure under Canadian generally accepted accounting principles (GAAP) and may not be comparable to similar measures used by other entities. The Fund believes that EBITDA is a useful financial metric as it assists in determining the ability to generate cash from operations. (CCNMatthews Press Releases)

    easyhome Ltd. Reports Third Quarter 2009 Results  Nov 10, 2009
    The above analysis refers to certain financial measures that are not determined in accordance with generally accepted accounting principles ("GAAP") in Canada. These measures do not have standardized meanings and may not be comparable to similar measures presented by other companies. (CCNMatthews Press Releases)

    Trilogy Energy Trust Financial and Operating Results For the Three and Nine Months Ended September 30, 2009  Nov 10, 2009
    The Non-GAAP measures do not have a standardized meaning prescribed by Canadian generally accepted accounting principles (GAAP) and, therefore are unlikely to be comparable to similar measures presented by other issuers. "Funds flow from operations" refers to the cash flow from operating activities before net changes in operating working capital. (CCNMatthews Press Releases)

    Trican-2009 Third Quarter Results  Nov 10, 2009
    These are measures that are not recognized under Canadian Generally Accepted Accounting Principles (GAAP) ... The interim consolidated financial statements have been prepared in accordance with Canadian Generally Accepted Accounting Principles (GAAP) ... The Company's interim financial statements do not conform in all respects to the requirements of generally accepted accounting principles for annual financial statements. (CCNMatthews Press Releases)

    Gagfah Third-Quarter Loss Widens as Apartments in Germany Decline in Value  Nov 10, 2009
    FFO is a cash flow measure used by U.S. real estate companies that doesnt comply with generally accepted accounting principles. Gagfah rose 15 cents to 6. (Bloomberg -- Germany)

    Angle Announces 2009 Third Quarter Results  Nov 10, 2009
    9) (43) (-39) Average working interest (%) 91 85 6 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (1) Funds from operations and funds from operations per share are not recognized measures under Canadian generally accepted accounting principles ... This MD&A contains the terms "funds from operations", "funds from operations per share", "funds flow netback" and "net income netback", which... (CCNMatthews Press Releases)

    Solium Capital Inc. Releases 2009 Third Quarter Results  Nov 10, 2009
    Earnings before interest, taxes, depreciation and amortization ("EBITDA") is a non-GAAP financial measure which does not have any standardized meaning prescribed by Canadian GAAP (generally accepted accounting principles) and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA provides useful information to users as it reflects the net earnings prior to the effect of non-operating expenses such as interest, tax, depreciation and amortization. (CCNMatthews Press Releases)

    Live Nation Reports Strong Third Quarter 2009 Results  Nov 10, 2009
    Adjusted Operating Income (Loss) is not calculated or presented in accordance with U.S. generally accepted accounting principles ... Free cash flow is not calculated or presented in accordance with U.S. generally accepted accounting principles ... Free cash is not calculated or presented in accordance with U.S. generally accepted accounting principles. (Yahoo! Wire -- Entertainment News)

    EA Reports Record Q2 Non-GAAP Net Revenue of $1.15 Billion  Nov 10, 2009
    The following tables reconcile the Company's net loss and loss per share as presented in its Unaudited Condensed Consolidated Statements of Operations and prepared in accordance with Generally Accepted Accounting Principles ("GAAP") to its non-GAAP net income (loss) and non-GAAP diluted earnings (loss) per share. . (Yahoo! Wire -- Entertainment News)

    HINGHAM OPINION: Suggestions for revenue, reduce costs  Nov 9, 2009
    Unfortunately the affair devolved into a discussion of accounting principles. Unlike the recent Special Town Meeting, I was accorded the opportunity to speak however my presentation was terminated before I had time to finish my report. (Hingham Journal, MA)

    Knology Reports Results for the Third Quarter and Announces Definitive Agreement to Acquire the Assets of Private Cable Co., LLC for $7.5 Million Cash  Nov 7, 2009
    We provide financial measures generated using generally accepted accounting principles (GAAP) and using adjustments to GAAP (Non-GAAP) ... EBITDA, as adjusted, is an operational measure that is not calculated and presented in accordance with accounting principles generally accepted in the United States. (Yahoo! Wire -- Entertainment News)

    AMCORE Bank's Monroe and Argyle Branches Sold to First National Bank and Trust  Nov 7, 2009
    These factors include, among others, the following possibilities: (I) heightened competition, including specifically the intensification of price competition, the entry of new competitors and the formation of new products by new or existing competitors; (II) adverse state, local and federal legislation and regulation or adverse findings or rulings made by local, state or federal regulators or agencies regarding AMCORE and its operations; (III) failure to obtain new customers and retain existing... (Primezone Releases)

    GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance  Nov 6, 2009
    00% Senior Convertible Notes 125,000 --- Proceeds from sale of common stock 134,681 65,264 Dividends paid on Series B preferred stock (3,469) (2,313) Fees paid relating to financing activities (4,796) (2,832) -------- ------- Net cash provided by financing activities 207,301 104,050 -------- ------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 50,002 (2,524) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 5,907 6,716 -------- ------- CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 55,909 $... (Primezone Releases)

    Calloway Real Estate Investment Trust Releases Third Quarter Results  Nov 6, 2009
    The non-GAAP measures identified in this Press Release do not have any standardized meaning prescribed by Canadian generally accepted accounting principles ("GAAP") and are therefore unlikely to be comparable to similar measures presented by other issuers. These non-GAAP measures are more fully defined and discussed in the management discussion and analysis of Calloway for the three-months ended September 30, 2009, available on SEDAR website at. (CCNMatthews Press Releases)

    Petrominerales Records Net Income of US$26.2 Million in the Third Quarter  Nov 5, 2009
    This press release contains financial terms that are not considered measures under Canadian generally accepted accounting principles ("GAAP"), such as funds flow from operations, funds flow per share, net debt and operating netback. These measures are commonly utilized in the oil and gas industry and are considered informative for management and shareholders. (CCNMatthews Press Releases)

    Caza Oil & Gas Announces Third Quarter Results  Nov 5, 2009
    All figures herein have been prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") unless otherwise stated ... The interim unaudited consolidated financial statements of Caza have been prepared by management, in accordance with Canadian generally accepted accounting principles ... The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the... (CCNMatthews Press Releases)

    Legacy Reserves LP Announces Third Quarter 2009 Results  Nov 5, 2009
    This press release, the financial tables and other supplemental information include "Adjusted EBITDA" and "Distributable Cash Flow", both of which are non-generally accepted accounting principles ("non-GAAP") measures which may be used periodically by management when discussing our financial results with investors and analysts. The following presents a reconciliation of each of these non-GAAP financial measures to their nearest comparable generally accepted accounting principles ("GAAP")... (Primezone Releases)

    Entravision Communications Corporation Reports Third Quarter 2009 Results  Nov 5, 2009
    While many in the financial community and we consider consolidated adjusted EBITDA to be important, it should be considered in addition to, but not as a substitute for or superior to, other measures of liquidity and financial performance prepared in accordance with accounting principles generally accepted in the United States of America, such as cash flows from operating activities, operating income and net income. As consolidated adjusted EBITDA excludes non-cash (gain) loss on sale of assets,... (Yahoo! Wire -- Entertainment News)

    Daylight Resources Trust Reports Third Quarter 2009 Financial and Operating Results- Significant Operational Results Validate Resource Play Strategy on Multiple Fronts  Nov 5, 2009
    The consolidated financial statements and other financial data presented have been prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") ... The interim consolidated financial statements are stated in Canadian dollars, have been prepared by management in accordance with Canadian generally accepted accounting principles ("GAAP") following the same accounting policies and methods of computation as the audited consolidated financial statements for the year ended... (CCNMatthews Press Releases)

    Delphi Reports Strong Third Quarter Financial and Operating Results  Nov 5, 2009
    The release contains the terms "funds from operations", "funds from operations per share", "net debt", "cash operating costs" and "netbacks" which are not recognized measures under Canadian generally accepted accounting principles ... The discussion and analysis is a review of the financial results of the Company based upon accounting principles generally accepted in Canada ... Delphi's financial statements have been prepared in accordance with Canadian generally accepted accounting principles. (CCNMatthews Press Releases)

    Orion Marine Group, Inc. Reports Third Quarter 2009 Results; Record Backlog  Nov 5, 2009
    EBITDA and EBITDA margin have certain limitations as analytical tools and should not be used as a substitute for operating margin, net income, cash flows, or other data prepared in accordance with generally accepted accounting principles in the United States, or as a measure of the Company's profitability or liquidity. A reconciliation of the Company's future EBITDA margin to the corresponding GAAP measure is not available as these are estimated goals for the performance of the overall... (Primezone Releases)

    UPC Holding B.V. Provides Selected Financial Information for the Period Ended September 30, 2009  Nov 5, 2009
    We have reflected the revenue and OCF of these acquired entities in our 2008 rebased amounts based on what we believe to be the most reliable information that is currently available to us (generally pre-acquisition financial statements), as adjusted for the estimated effects of (i) any significant differences between generally accepted accounting principles in the U.S. (GAAP) and local generally accepted accounting principles, (ii) any significant effects of post-acquisition purchase... (Yahoo! Wire -- Entertainment News)

    Delphi Energy Announces Closing of Hythe Property Acquisition  Nov 4, 2009
    The release contains the terms "funds from operations", "funds from operations per share", "net debt", "cash operating costs" and "netbacks" which are not recognized measures under Canadian generally accepted accounting principles. The Company uses these measures to help evaluate its performance. (CCNMatthews Press Releases)

    Phoenix Reports Financial and Operational Results for the Three-Month & Nine-Month Periods Ended September 30, 2009  Nov 4, 2009
    The Fund uses certain performance measures throughout this document that are not recognizable under Canadian generally accepted accounting principles ("GAAP"). These performance measures include earnings before interest, taxes, depreciation, and amortization ("EBITDA"), EBITDA per unit, distributable cash, distributable cash per unit, and cash payout ratio. (CCNMatthews Press Releases)

    PokerTek Announces Third Quarter 2009 Financial Results  Nov 4, 2009
    PokerTek, Inc. prepares its consolidated financial statements in accordance with United States generally accepted accounting principles (GAAP) ... EBITDAS does not purport to represent net earnings or net cash used in operating activities, as those terms are defined under generally accepted accounting principles, and should not be considered as an alternative to such measurements or as indicators of the Company's performance. (Yahoo! Wire -- Entertainment News)

    Ridley Inc. Reports Financial Results for Fiscal 2010 First Quarter  Nov 3, 2009
    The following Management Discussion and Analysis as of November 9, 2009 is based on the accompanying financial statements prepared using Canadian Generally Accepted Accounting Principles ("GAAP") ... These interim unaudited consolidated financial statements are based on accounting principles and practices consistent with those used in preparation of the annual audited financial statements. (CCNMatthews Press Releases)

    Six Flags Announces Third Quarter and Nine Month Results and Reaffirms 2009 Adjusted Ebitda Forecast of $190 Million  Nov 3, 2009
    Revenues and expenses of international operations are converted into U.S. dollars on a current basis as provided by U.S. generally accepted accounting principles ("GAAP"). Excludes amounts that have been reclassified to liabilities subject to compromise (current portion of long-term debt ($131. (Yahoo! Wire -- Entertainment News)

    Entercom Communications Corp. Reports Third Quarter Results  Nov 3, 2009
    It is important to note that station operating income, station expense, corporate expense, same station net revenues, same station expenses, same station operating income, EBITDA, adjusted net income, adjusted net income per share and free cash flow are not measures of performance or liquidity calculated in accordance with generally accepted accounting principles (GAAP) ... You, however, should not consider non-GAAP measures in isolation or as substitutes for net income (loss), operating... (Yahoo! Wire -- Entertainment News)

    Who's watching the money? (1059)  Nov 3, 2009
    In an audit report for the year ending June 30, 2005, the same firm wrote: "As noted in the prior year, the city has not been performing monthly account analysis or reconciliations for many of its balance sheet accounts. Our review of the general ledger revealed that a significant effort was again undertaken at year end to substantially adjust the city's accounting records to present information in accordance with generally acceptable accounting principles." ... HOLYCOW wrote on Nov 2, 2009 4:52... (St. Joseph Herald-Pallidium, MI)

    Enbridge Income Fund Announces Third Quarter Results, Evaluating Corporate Restructuring  Nov 3, 2009
    Cash available for distribution is not a measure that has standardized meaning prescribed by Canadian Generally Accepted Accounting Principles (GAAP) and is not considered a GAAP measure. Therefore, this measure may not be comparable with similar measures presented by other issuers. (CCNMatthews Press Releases)

    DTC: Hardly charitable to charities  Oct 31, 2009
    Since the contributions received could well be in advance or for multi-year-expenditure, which accounting principle could justify this absurd provision. And finally, another severe blow to the sector in the draft code pertains to the computation of exempted income for taxation. (India Times)

    EDCI Holdings, Inc. Announces 3Q2009 and YTD 3Q2009 Results  Oct 31, 2009
    EDCI Holdings, Inc. Summary Schedule of Non-GAAP Financial Data (In thousands) Unaudited The following summary of financial data shows the reconciliation of loss from continuing operations, as determined in accordance with accounting principles generally accepted in the United States (GAAP), to income (loss) from continuing operations and earnings before interest, taxes, and depreciation and amortization from continuing operations ... EBITDA from continuing operations is not determined in... (Yahoo! Wire -- Entertainment News)

    Navarre Corporation Reports Improved Profitability for Second Quarter of Fiscal Year 2010  Oct 30, 2009
    In evaluating our financial performance and operating trends, management considers information concerning our net sales before inter-company eliminations, and earnings before interest, taxes, depreciation, amortization, and share-based compensation expense, which are not calculated in accordance with generally accepted accounting principles ("GAAP") in the United States of America. The Company's management believes these non-GAAP measures are useful to investors because they provide supplemental... (Yahoo! Wire -- Entertainment News)

    Chemtura expects to emerge from bankruptcy within year of filing  Oct 30, 2009
    The company also reported it had net earnings on a generally accepted accounting principles basis of $8 million, or 3 cents per share, for the third quarter. The company said two new independent members have been appointed to its board of directors: John K. Wulff, the former chief financial officer for Union Carbide Corp., and Burton M. Joyce, the former chairman of IPSCO Inc., now SSAN Enterprises, a steel and pipe manufacturer. (Republican-American)

    Las Vegas Sands Corp. Reports Third Quarter 2009 Results  Oct 30, 2009
    On a GAAP (Generally Accepted Accounting Principles) basis, operating income in the third quarter of 2009 was $62. 4 million, compared to $28. (Yahoo! Wire -- Entertainment News)

    CEC Entertainment Reports Financial Results for the Third Quarter of Fiscal 2009  Oct 30, 2009
    The Company reports and discusses its operating results using financial measures consistent with generally accepted accounting principles ("GAAP"). From time to time in the course of financial presentations, earnings conference calls or otherwise, the Company may disclose certain non-GAAP financial measures such as Free Cash Flow. (Yahoo! Wire -- Entertainment News)

    IGM Financial Inc. Reports Third Quarter Earnings  Oct 30, 2009
    Readers are referred to the disclaimer regarding Forward-Looking Statements and financial measures not in accordance with Canadian generally accepted accounting principles (Non-GAAP Financial Measures) at the end of this Release. Press Release. (CCNMatthews Press Releases)

    Silicon Motion Announces Third Quarter Results for the Period Ended September 30, 2009  Oct 30, 2009
    To supplement the Company's unaudited selected financial results calculated in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company discloses certain non-GAAP financial measures that exclude stock-based compensation, acquisition-related charges and one-time items, including non-GAAP cost of sales, non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per diluted ADS. These non-GAAP measures are not... (Primezone Releases)

    MetroCorp Bancshares, Inc. Announces Third Quarter Earnings with Net Income of $1.1 Million or $0.05 EPS, and Improvement in Net Interest Margin  Oct 30, 2009
    Important factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to, the following: (1) general business and economic conditions in the markets the Company serves may be less favorable than expected which could decrease the demand for loan, deposit and other financial services and increase loan delinquencies and defaults; (2) changes in the interest rate environment which could reduce the Company's net interest margin;... (Primezone Releases)

    Innospec Reports Third Quarter Financial Results  Oct 30, 2009
    The information presented in this press release includes financial measures that are not calculated or presented in accordance with Generally Accepted Accounting Principles in the United States (GAAP). These non-GAAP financial measures comprise EBITDA and net income excluding special items, and related per share amounts. (Primezone Releases)

    Accountants asked to learn lesson from Ghana at 50 probes  Oct 30, 2009
    The Eastern Regional Administrator of Health Services, Mr Dua Oyinka called on Health Service Accountants to develop good accounting principles to support the Management of Health Services to achieve improved financial reporting through the use of Information and Communication Technology (ICT) and to ensure sustainability of the National Health Insurance Scheme. Earlier in a welcoming address, the President of the Association, Mr Maxwell Obuobisa Darko called for the speedy redress of delays in... (Ghana Web, Ghana)

    DENTSPLY International Inc. Reports Third Quarter 2009 Sales and Earnings  Oct 29, 2009
    In addition to the results reported in accordance with accounting principles generally accepted in the United States ("GAAP"), the Company provided adjusted operating income, adjusted net income and adjusted earnings per diluted share. These adjusted amounts consist of GAAP amounts excluding (1) restructuring and other costs, (2) acquisition-related charges and (3) income tax-related adjustments. (Primezone Releases)

    Cadence shrinks Q3 loss, beats revenue views  Oct 29, 2009
    The company reported a loss in accordance with generally accepted accounting principles (GAAP) or $14 million, or 5 cents per diluted share, compared to net losses $74 million and $171 million, respectively, for the previous and year-ago quarters. On a non-GAAP basis, excluding charges, Cadence reported a third-quarter net income of $7 million, or 3 cents per share, compared to non-GAAP net losses of $13 million and $23 million, respectively, for the previous and year-ago quarters. (EETimes)

    LSI, Silicon Labs report bigger Q3 profits  Oct 29, 2009
    LSI posted a third-quarter profit of $52 million or 8 cents per share, based on generally accepted accounting principles (GAAP), compared to GAAP net losses of $61 million and $11 million, respectively, for the previous and year-ago quarters. On a non-GAAP basis, excluding charges, LSI reported a net income of $119 million or 18 cents per share, up from $7 million or 1 cent per share in the second quarter and $94 million or 14 cents per share in the third quarter of 2008. (EETimes)

    Earnings roundup: More chip firms top estimates  Oct 29, 2009
    RFMD posted a net income in accordance with generally accepted accounting principles (GAAP) of $14. 6 million for the quarter, compared to a net income of $4. (EETimes)

    American Property Group looks to expand  Oct 29, 2009
    He says experience with accounting principles is a plus, but not required. It s great if you have a financial background, but it s not a deal-breaker, he says. (Charlotte Business Journal, NC)

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