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The results do not exclude interest, depreciation or taxes.
But larger near-term primary deficits (which exclude interest) were associated with notably wider spreads.
Rio Tinto's underlying earnings, which exclude interest and taxes, rose to $5.5 billion in the first half, from $3.53 billion in the period a year earlier.
Indeed, it's one of only a small handful of countries in the developed world that are running a so-called primary surplus: that is, if you exclude interest payments on its debt, it actually takes in more in tax revenue than it spends.
(We exclude interest costs from expense ratios).
But, there is no reason to exclude interest payable to the Social Security trust funds.
Similar(50)
The rules, which took effect last week, exclude interest-only loans from "qualified mortgage" status, which protects lenders from liability over defaults.
The operating profit excludes interest and taxes.
Total expenses, excluding interest, rose 16percentto to $1.1 billion.
Amazon's preferred profit number excludes interest expense.
The measure excludes interest expenses and writing down asset values.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com