It said full-year adjusted operating income before depreciation and amortization would also increase about 8percentt, compared with its previous forecast of 9percentto11percentcent.
By comparison, the company's adjusted earnings before interest, taxes, depreciation and amortization — which also excludes stock-based compensation — for the year was $557.8 million.
The full-year guidance for earnings before interest, taxes, depreciation and amortization (EBITDA) also was trimmed, although Broadwing said it will cut costs aggressively to meet its goal of being free-cash-flow positive in mid 2002.
Its borrowings are barely bigger than one year's earnings before interest, taxes, depreciation and amortization, but it lacks financial discipline.
That's the same as plain old Ebitda — or earnings before interest, taxes, depreciation and amortization — but it subtracts out pension costs and other postretirement employee benefits (health care, basically).
In addition, Healtheon doesn't record the amortization of the prepaid content and services in "depreciation and amortization," but in "marketing expense".
We explain that all these countries have gone through four identified phases of goodwill accounting, classified as (1) "static" (immediate or rapid expensing), (2) "weakened static" (write-off against equity), (3) "dynamic" (recognition with amortization over a long period) and (4) "actuarial" (recognition without amortization but with impairment if necessary).
Earnings before interest, taxes, depreciation and amortization were $1.63 billion, also slightly below expectations.
The new disclosures, according to the bureau, would make it easier for borrowers to see and avoid risks, like prepayment penalties or loan balances that grow, known as negative amortization; they would also show which terms could change over the life of the mortgage.
