CreditRiskMonitor Glossary

FRISK^® score - A proprietary score indicating a company's level of financial stress, based on the probability of bankruptcy over a 12 month horizon. The FRISK� score incorporates a number of critical risk indicators including: (1) crowdsourced click patterns of credit managers and other subscribers, (2) stock market capitalization and volatility, (3) financial ratios, including those used in the Altman Z�-Score model and (4) Moody�s and Fitch bond ratings. The FRISK� score is calculated daily with the most recent information in the CreditRiskMonitor database.

Those in need of in-depth details are invited to contact us at info@creditriskmonitor.com for more information. The FRISK^® Score is reported on a 1 to 10 scale:

FRISK^® Stress Index - The FRISK^® Stress Index shows the collective probability of failure in a group of companies (such as an industry, country or portfolio) over the next 12 months. It is designed to show trends in risk level across groups of companies and is shown on a zero to 50 scale, with 50 being the most risky.

Altman's Z"-Score The Z"-Score was developed by Dr. Edward I. Altman of New York University in the early-1990's. This model is applicable to firms in the manufacturing, merchandising and service sectors. The Z"-Score calculates and combines 4 financial ratios, assigning each a different weighting.

Although the numbers that go into calculating the Z"-Score (and a company's financial soundness) are sometimes influenced by external factors, it provides a good tool for analyzing the ups and downs of a company's financial stability over time. The score is computed as follows:

EBIT Z" = ------ * 6.72 Total Assets

Total Equity + ----------- * 1.05 Total Liabilities

Working Capital + ------- * 6.56 Total Assets

Retained Earnings + -------- * 3.26 Total Assets

Likelihood of failure

Financially sound:

2.6 or higher

Neutral:

1.1 to 2.6

Fiscal danger:

less than 1.1

Note that the Z"-Score is different than the original Z-score, developed by Altman in the 1960's. The original Z-Score has as one of its variables the asset turnover ratio. As this variable is industry sensitive, the Z"-model, which omitted this variable, was developed.

CreditRiskMonitor computes the Z"-score on a quarterly basis, provided the variables required by the scoring model are reported. Previously, we used the company's quarterly EBIT in this calculation. Now we use the company's EBIT for the twelve trailing months, as this provides a result that is less seasonal and less volatile.

One of the 4 variables used to compute Altman's Z"-Score is the ratio of working capital to total assets. As many of the companies in the energy sector are highly leveraged, they generally have low working capital. Thus, we have found that their Z"-Scores are adversely impacted and an abnormally high percentage of companies in this sector are in the neutral and fiscal danger ranges.

DBT Index - The Days Beyond Terms (DBT) Index is a calculated measurement of the on-time (or late) payment performance of a subject company fitted to a standardized 1-10 scale. 10 is the best performance while 1 is the worst per the following table: The DBT Index is reported on a 1 to 10 scale:

The days-beyond-terms calculation is based on data we collect from (mostly monthly) Trade A/R aging snapshots contributed to the CreditRiskMonitor database. Participation is encouraged, but voluntary. Trade Contributors benefit from our unique proprietary analysis of their trade, which isn't possible to provide non-Contributors, at no additional charge. Contributors also have the ability to improve their "collection effectiveness" because they can tell customers that they report both good and bad payment performance� as well as having the satisfaction of encouraging good behavior and supporting the work of fellow credit professionals.

Our Days-Beyond-Terms calculation is not based on the sale or invoice date, but as the name indicates, is intended to compare how the customer paid versus the terms of sale, which might have been 15 days, 90 days, or whatever else was agreed by the buyer and seller. Our calculation includes a dollar weighting to blend the payment performance of various trade lines in a way that accurately reflects how a company has paid its bills compared to terms, overall, in a specific period.

Using the DBT Index to standardize payment performance enables you to quickly assess and compare the timeliness with which various companies pay their bills, and quickly see the trend of timeliness for a particular company.

Because the DBT Index is based on information as-of a specific reporting month, it provides a more accurate snapshot - and a more accurate trend - of payment performance than systems which use "all most-recent trade lines" in the calculation. The latter method has the advantage of using "more trade lines," but it will blur the payment-performance trends because in any given month it will use lines that were reported as much as 12 or even 18 months earlier� and such a system will often use the same trade experiences for many months in a row, as long as each is "the most recent reported" for a trade line and is not "too old."

The monthly DBT Index is calculated based on the trade lines contributed pertaining to a specific month. The Average DBT Index summarizes all prior months, for a longer-term view. It is a dollar-weighted average of monthly DBT Indexes, and is also weighted to emphasize the more recent months, so that 70% of the monthly weight is on the most recent 6 months.

If your company is a Trade Contributor, the DBT indices are also calculated for your submitted trade lines and then for comparative purposes, calculated for only those trade lines contributed by other Trade Contributors.

Many A/R systems calculate a Days Beyond Terms (DBT) value based on various formulas, typically using dollar weighting. These calculations may yield a DBT value that is different than is reflected in our DBT Index. One reason for a difference may be that the data used in the calculation is for a different period-end-date, such as the end of the calendar month vs. the 15th of that month. Another possible reason would be that the formula is based on invoice-level data contained in internal systems, vs. our calculation based on an aged-trial-balance. Still another possible reason for differences in Days-Beyond-Terms is that the formulas used could be somewhat different (we find that the treatment of credit balances is often different from one system to another.). All methods should show similar trends, in most cases. If you are a Trade Contributor, and find differences, we would be pleased to discuss the sources of differences with you in detail. We do not want to misinterpret your files in any way.

Gross Profit - The value is computed by deducting cost of goods sold from net sales. Where cost of goods sold represents the cost of materials, labor and factory overhead needed to bring to a marketable state the goods that have been sold.

Selling, General and Administrative Expenses - Represent costs that are not specifically identifiable with or assigned to production. These include marketing, selling, research and development, and administrative expenses.

Operating Profit - The amount of revenue remaining after all operating expenses subtracted from net sales.

EBITDA - Earnings before interest, taxes, depreciation and amortization expense.

EBIT - Earnings before interest and taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expense.

Net Income - Also called net earnings and net profit. Represents the net operating results of the company for the period.

Depreciation Expense - An allowance for wear or age made to the value of a fixed asset, allocating its cost over its estimated useful life.

Capital Expenditures - Represents the purchase of assets whose life expectancy is greater than one year. Examples are plant, property and equipment.

Interest Coverage Ratio - Also known as Times Interest Earned. Measures the number of times profits cover interest charges. Determines the ability of a company to meet current interest charges without impairing normal operations. The value is computed by dividing earnings before interest, taxes, depreciation and amortization by interest expense.

Free Cash Flow - This measure is very useful in assessing a company's financial health because it strips away all the accounting assumptions built into earnings. A company's earnings may be high and growing, but until you look at free cash flow, you don't know if the company has actually generated money in a given year or not. Free cash flows represent real cash, while earnings do not. It is cash from operations (also called operating cash flow) minus capital expenditures, which are investments in property, plant, and equipment. The formula for calculating free cash flow is Operating Cash Flow (OCF) - Capital Expenditures.

Effective Tax Rate - The net rate a taxpayer pays on pre-tax income. It is calculated by dividing the total tax paid by taxable income.

Current Liabilities - Are obligations maturing within one year from the date of the balance sheet. Also included are demand notes which, although carrying no maturity date, any be presented for payment any time at the option of the holder.

Working Capital - Measures a company's ability to pay off current obligations with current assets. The value is computed by subtracting total current liabilities from total current assets. Negative working capital could indicate a liquidity problem.

Cash - Money on deposit or on hand comprises cash. This includes currency, personal and bank checks, drafts and money orders.

Cash Ratio - Also known as the Liquidity Ratio. Measures a company's ability to pay its current bills. The value is computed by dividing cash and short-term marketable securities by total current liabilities.

Quick Assets - Also known as Liquid Assets. Consists of cash, short-term marketable securities and accounts receivable.

Quick Ratio - Also known as the Acid Test Ratio. Measures the number of dollars of liquid assets available to cover each dollar of current liabilities. The value is computed by dividing liquid assets by total current liabilities, where liquid assets is comprised of cash, short-term marketable securities and accounts receivable.

Current Ratio - Measures a company's ability to meet its current obligations (i.e., the degree of protection afforded short-term creditors by current assets). The value is computed by dividing current assets by total current liabilities.

Accounts Receivable Turnover (Annualized) - Measures the number of times accounts receivable are collected during the year. This ratio measures the efficiency of credit and collection policies and the quality of outstanding average accounts receivable. The value is computed by dividing sales for the period by average accounts receivable for the period, multiplied by the applicable factor to annualize sales.

Days Sales Outstanding - Represents the average number of days to convert receivables into cash. The value is computed by dividing average accounts receivable for the period by annualized sales for the period, multiplied by 365.

Inventory - All goods and materials available for sale (in the case of wholesalers, retailers, and distributors) or raw materials and supplies, work in process, and finished goods (in the case of manufacturers).

Percent of Inventory Financed by Vendors - Measures the total amount of credit that vendors have extended to finance current inventory level. Computed as accounts payable balance at the end of the period divided by inventory balance at the end of the period, and multiplying the result by 100

Inventory Turnover (Annualized) - Measures how quickly inventory is sold. The value is computed by dividing the cost of goods sold for the period by the average inventory for the period, multiplied by the applicable factor to annualize cost of goods sold.

Number of Days Sales in Inventory - Measures the number of days required to sell the inventory balance at the end of the period. The value is computed by dividing 365 by inventory turnover.

Inventory to Working Capital Ratio - Is an indicator of whether a company can adequately finance its inventory. Ideally, the number should be less than 1. The value is computed by dividing the ending inventory balance by working capital at the end of the period.

Accounts Payable Turnover (Annualized) - Measures the number of times accounts payable are paid during the year. The value is computed by dividing cost of sales for the period by average accounts payable for the period, multiplied by the applicable factor to annualize sales.

Cash Conversion Cycle ("CCC") - Measures the time it takes a company to convert its investment in inventory and other resource inputs into cash. The CCC does this by following the cash as it is first converted into inventory and accounts payable, through sales and accounts receivable, and then back into cash. The cash conversion cycle can be viewed as a sales efficiency calculation as it shows how quickly and efficiently a company can buy, sell, and collect on its inventory. Generally, the lower this number is, the better for the company. The value is computed by adding days sales outstanding and days inventory outstanding and then subtracting days payables outstanding.

Stockholders' Equity - Measures the ownership equity in a business. The value is computed by subtracting total liabilities from total assets.

Total Debt to Equity Ratio - Measures a company's leverage or the safety of principal on long-term debt. The larger the ratio, the riskier the enterprise. The value is computed by dividing total debt by total equity.

Tangible Net Worth - Computed by subtracting intangible assets (i.e., anything nonphysical, such as goodwill, trademarks, and patents, that have value for a company) from stockholders' equity.

Total Debt to Tangible Net Worth Ratio - Measures a company's leverage or the safety of principal on long-term debt. The larger the ratio, the riskier the enterprise. The value is computed by dividing total debt by total equity minus intangible assets.

Total Assets - The total of all assets owned by a company. These things might be liquid assets such as cash and short-term investments, physical assets such as buildings, trucks, inventories of products and equipment or intangible assets such as goodwill, trademarks and patents

Total Debt to Assets Ratio - Also known as Debt Ratio. Measures the degree of protection from loss afforded the company's creditors by the total assets of the company. The value is computed by dividing total debt by total assets.

Tangible Assets - Computed by subtracting intangible assets from total assets.

Short-Term Debt - Obligations owing to banks or others and payable with the next 12 months.

Short-Term Debt as a Percent of Total Debt - Measures a company's short-term cash obligations by showing the proportion of overall debt coming due in the current year. The value is computed by dividing short-term debt by total debt, and multiplying the result by 100.

Short-Term Debt as a Percent of Working Capital - Measures a company's short-term cash obligations by showing the proportion of overall debt coming due in the current year versus its net current assets. The value is computed by dividing short-term debt by working capital, and multiplying the result by 100.

Total Liabilities - A company's debts to its lender, suppliers of goods and services, taxing authorities and others.

Total Liabilities to Equity Ratio - Measures the degree of protection that exists for creditors. The lower the ratio the better. The value is computed by dividing total liabilities by total equity.

Total Liabilities to Tangible Net Worth Ratio - (sometimes shortened to "Liabilities to Net Worth Ratio") - Measures the degree of protection that exists for creditors. The lower the ratio the better. The value is computed by dividing total liabilities by total equity minus intangible assets.

Total Debt to EBITDA Ratio (Annualized) - Measures a company's ability to pay off its debts. A lower ratio is a positive indicator that the company has sufficient funds to meet its financial obligations as they come due. The value is computed by dividing total debt by annualized EBITDA.

Capital lease obligations - Payment obligations under leases classified as being capital leases pursuant to FASB Statement of Financial Accounting Standards #13, for accounting purposes the transaction is viewed as an installment purchase as title typically vests with the lessee at the expiration of the lease.

Operating lease obligations - Off-balance sheet obligations where title does not pass at expiration of lease term, usually for such items as real estate or equipment.

Return on Net Tangible Equity - A profitability ratio. Calculated by dividing a company's net earnings available to common stockholders for the period by total equity less intangible assets (both of these amounts are as of the beginning of the period).

Return on Total Assets - A useful indicator of how profitable a company is relative to its total assets. It also gives an idea as to how well the company is able to use its assets to generate earnings. Calculated by dividing a company's earnings for the period by its average total assets. Sometimes this ratio is referred to as "return on investment".

Return on Tangible Assets - A profitability ratio. Calculated by dividing a company's earnings available to common stockholders for the period by its average tangible assets (i.e., total assets less intangible assets).

Service Cost - Domestic - Represents the present value of pension benefits attributed to current reporting period for plans based in the company�s home country.

Prior Service Cost - Domestic - Represents the cost of retroactive benefits granted in a plan amendment for plans based in the company�s home country.

Expected Return on Assets - Domestic - Represents the reporting company�s expected long term return on its pension plan assets.

Actuarial Gains and Losses - Domestic - Represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.

Curtailments and Settlements - Domestic - Reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.

Transition Costs - Domestic - Represents the expenses associated with a change in plans. For example, costs associated with a change from publicly provided old age pensions to privately owned retirement accounts.

Other Pension, Net - Domestic - Represents other components of net periodic pension cost not classified as Service Cost, Interest Cost, Expected Return on Plan Assets, Actuarial Gains/Losses, Amortization of Unrecognized Prior Service Costs, Settlements, Curtailments or Transition Costs.

Domestic Pension Plan Expense - Consists of all incomes and expenses associated with the company�s Domestic pension plan.

Interest Cost - Foreign - Represents the increase in projected benefit obligation due to the passage of time for plans based in countries other than the company�s home country.

Service Cost - Foreign - Represents the present value of pension benefits attributed to current reporting period for plans based in countries other than the company�s home country.

Prior Service Cost - Foreign - Represents the cost of retroactive benefits granted in a plan amendment for plans based in countries other than the company�s home country.

Expected Return on Plan Assets - Foreign - Represents the reporting company�s expected long term return on its pension plan assets for plans based in countries other than the company�s home country.

Actuarial Gains and Losses - Foreign - Represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.

Curtailments and Settlements - Foreign - Represents the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.

Transition Costs - Foreign - Represents the expenses associated with a change in plans. For example, costs associated with a change from publicly provided old age pensions to privately owned retirement accounts.

Other Pension, Net - Foreign - Represents the other components of net periodic pension costs not classified as Service Costs, Interest Costs, Expected Return on Plan Assets, Actuarial Gains\Losses, Amortization of Unrecognized Prior Service Costs, Settlements, Curtailments, or Transition Costs.

Foreign Pension Plan Expense - Consists of all incomes and expenses associated with the company�s Foreign pension plan.

Interest Cost - Post-Retirement - Represents the increase in projected benefit obligation due to the passage of time, for Post-Retirement plans.

Service Cost - Post-Retirement - Represents the present value of pension benefits attributed to current reporting period for Post-Retirement plans.

Prior Service Cost - Post-Retirement - Represents the cost of retroactive benefits granted in a plan amendment for Post-Retirement plans.

Expected Return on Plan Assets - Post-Retirement - Represents the reporting company�s expected long term return on its pension plan assets for Post-Retirement plans.

Actuarial Gains and Losses - Post-Retirement - Represents the change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption.

Curtailments and Settlements - Post-Retirement - Reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services. Curtailments include: the termination of employee�s services earlier than expected, which may or may not involve closing a facility or discontinuing a segment of business; and the termination or suspension of a plan so that employees do not earn additional defined benefits for future services.

Transition Costs - Post-Retirement - Represents the expenses associated with a change in plans. For example, costs associated with a change from publicly provided old age pensions to privately owned retirement accounts.

Other Post-Retirement, Net - Represents the other components of net periodic pension costs not classified as Service Costs, Interest Costs, Expected Return on Plan Assets, Actuarial Gains\Losses, Amortization of Unrecognized Prior Service Costs, Settlements, Curtailments, or Transition Costs.

Post-Retirement Plan Expense - Consists of all incomes and expenses associated with the company�s Post-Retirement plan.

Defined Contribution Expense - Domestic - Represents funds contributed to benefit plans during reported period.

Defined Contribution Expense - Foreign - Represents funds contributed to benefit plans during reported period.

Defined Contribution Expense Post-Retirement - Represents funds contributed to benefit plans during reported period.

Total Pension Expense - Represents the total of the following: Defined Contribution Expense - Domestic; Defined Contribution Expense - Foreign; and Defined Contribution Expense - Post-Retirement.

Discount Rate - Domestic - Represents the rate used in determining the present value of plan obligations for plans based in the company�s home country.

Expected Rate of Return - Domestic - Represents the estimated return on plan assets for plans based in the company�s home country.

Compensation Rate - Domestic - Represents the projected increase in salaries used in calculation of future benefit obligations for plans based in the company�s home country.

Pension Payment Rate - Domestic - Represents the payment rate of pension plans for plans based in the company�s home country.

Discount Rate - Foreign - Represents the rate used in determining the present value of plan obligations for plans based in countries other than the company�s home country.

Expected Rate of Return - Foreign - Represents the estimated return on plan assets for plans based in countries other than the company�s home country.

Compensation Rate - Foreign - Represents the projected increase in salaries used in calculation of future benefit obligations for plans based in countries other than the company�s home country.

Pension Payment Rate - Foreign - Represents the payment rate of pension plans for plans based in countries other than the company�s home country.

Discount Rate - Post-Retirement - Represents the rate used in determining the present value of plan obligations for Post-Retirement plans.

Expected Rate of Return - Post-Retirement - Represents the estimated return on plan assets for Post-Retirement plans.

Compensation Rate - Post-Retirement - Represents the projected increase in salaries used in calculation of future benefit obligations for Post-Retirement plans.

Total Plan Interest Cost - Represents the total amount of interest costs paid on all of a company�s pension and post-retirement plans. Total Plan Interest Cost is calculated as the sum of: Interest Cost - Domestic, Interest Cost - Foreign, and Interest Cost - Post Retirement.

Total Plan Service Cost - Represents the total amount of service costs paid on all of a company�s pension and post-retirement plans. Total Plan Service Cost is calculated as the sum of: Service Cost - Domestic, Service Cost - Foreign, and Service Cost - Post Retirement.

Total Plan Expected Return - Represents the total amount of expected return on all of a company�s pension and post-retirement plans. Total Plan Expected Return is calculated as the sum of: Expected Return on Assets - Domestic, Expected Return on Assets - Foreign, and Expected Return on Assets - Post Retirement.

Total Plan Other Expense - Represents the total amount of other expenses on all of a company�s pension and post-retirement plans. Total Plan Other Expense is calculated as the sum of: Other Pension, Net - Domestic, Other Pension, Net - Foreign and Other Post Retirement, Net.

Pension Obligation - Domestic - Value of benefits for plans based in the company's home country.

Plan Assets - Domestic - Fair value of plan assets for plans based in the company�s home country.

Funded Status - Domestic - Represents funding status of plan. Funded Status is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. This is the �headline� number cited when a company�s pension plan is considered �under funded�. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan�s assets.

Accumulated Obligation - Domestic - Present value of all plan obligations (both vested and non-vested) as of measurement date. Unlike the Projected Benefit Obligation, the ABO makes no assumptions about future compensation levels of plan participants.

Pension Obligation - Foreign - Value of benefits for plans based in countries other than the company�s home country.

Plan Assets - Foreign - Fair value of plan assets for plans based in countries other than the company�s home country.

Funded Status - Foreign - Represents funding status of plan. Funded Status is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. This is the �headline� number cited when a company�s pension plan is considered �under funded�. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan�s assets.

Accumulated Obligation - Foreign - Present value of all plan obligations (both vested and non-vested) as of measurement date. Unlike the Projected Benefit Obligation, the ABO makes no assumptions about future compensation levels of plan participants.

Post-Retirement Obligation - Value of benefits for Post-Retirement plans based in countries other than the company�s home country.

Plan Assets - Post-Retirement - Represents the fair value of plan assets for Post-Retirement Plans.

Funded Status - Post-Retirement - Represents funding status of plan. Funded Status is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. This is the �headline� number cited when a company�s pension plan is considered �under funded�. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan�s assets.

Accumulated Obligation - Post-Retirement - Present value of all plan obligations (both vested and non-vested) as of measurement date. Unlike the Projected Benefit Obligation, the ABO makes no assumptions about future compensation levels of plan participants.

Unfunded Plan Obligations - An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan�s assets (i.e. accumulated benefit obligation exceeds plan assets).

Total Funded Status - Is determined by deducting the Projected Benefit Obligation from the fair value of plan assets. A fully funded plan has sufficient assets to pay all current and future benefits. An underfunded plan does not have enough assets to pay all benefits. Unfunded benefit liability is the amount of promised pension benefits that exceed a plan�s assets.

Discount Rate - Domestic - Rate used in determining the present value of plan obligations for plans based in the company�s home country.

Expected Rate of Return - Domestic - Reflects the estimated return on plan assets for plans based in the company�s home country.

Compensation Rate - Domestic - Projected increase in salaries used in calculation of future benefit obligations for plans based in the company�s home country.

Pension Payment Rate - Domestic - Payment rate of pension plans for plans based in the company�s home country.

Discount Rate - Foreign - Rate used in determining the present value of plan obligations for plans based in countries other than the company�s home country.

Expected Rate of Return - Foreign - Reflects the estimated return on plan assets for plans based in countries other than the company�s home country.

Compensation Rate - Foreign - Projected increase in salaries used in calculation of future benefit obligations for plans based in countries other than the company�s home country.

Pension Payment Rate - Foreign - Payment rate of pension plans for plans based in countries other than the company�s home country.

Discount Rate - Post-Retirement - Rate used in determining the present value of plan obligations for Post-Retirement plans.

Expected Rate of Return - Post-Retirement - Reflects the estimated return on plan assets for Post-Retirement plans.

Compensation Rate - Post-Retirement - Projected increase in salaries used in calculation of future benefit obligations for Post-Retirement plans.

Prepaid Benefits - Domestic - Cumulative employer contributions in excess of accrued net pension cost for plans based in the company�s home country.

Intangible Assets - Domestic - Legal claims to future benefits for plans based in the company�s home country.

Accrued Liabilities - Domestic - Cumulative net pension cost accrued in excess of the employer�s contributions for plans based in the company�s home country.

Other Assets, Net - Domestic - Any items which do not have an associated line item for plans based in the company�s home country.

Net Domestic Pension Assets - Sum of assets and liabilities for Domestic Pension plans.

Prepaid Benefits - Foreign - Cumulative employer contributions in excess of accrued net pension cost for plans based in countries other than the company�s home country.

Intangible Assets - Foreign - Legal claims to future benefits for plans based in countries other than the company�s home country.

Accrued Liabilities - Foreign - Cumulative net pension cost accrued in excess of the employer�s contributions for plans based in countries other than the company�s home country.

Other Assets, Net - Foreign - Any items which do not have an associated line item for plans based in countries other than the company�s home country.

Net Foreign Pension Assets - Sum of assets and liabilities for Foreign Pension plans.

Prepaid Benefits - Post-Retirement - Cumulative employer contributions in excess of accrued net pension cost for Post-Retirement plans.

Intangible Assets - Post-Retirement - Legal claims to future benefits for Post-Retirement plans.

Accrued Liabilities - Post-Retirement - Cumulative net pension cost accrued in excess of the employer�s contributions for Post-Retirement plans.

Other Assets, Net - Post-Retirement - Any items which do not have an associated line item for Post-Retirement plans.

Net Post-Retirement Assets - Sum of assets and liabilities for Post-Retirement plans.

Equity % - Domestic - Percentage of plan assets allocated to equity securities for Domestic pension plans.

Debt Securities % - Domestic - Percentage of plan assets allocated to debt securities for Domestic pension plans.

Real Estate % - Domestic - Percentage of plan assets allocated to real estate for Domestic pension plans.

Private Investments % - Domestic - Percentage of plan assets allocated to private investments for Domestic pension plans.

Other Investments % - Domestic - Percentage of plan assets allocated to other investments for Domestic pension plans.

Equity % - Foreign - Percentage of plan assets allocated to equity securities for Foreign pension plans.

Debt Securities % - Foreign - Percentage of plan assets allocated to debt securities for Foreign pension plans.

Real Estate % - Foreign - Percentage of plan assets allocated to real estate for Foreign pension plans.

Private Investments % - Foreign - Percentage of plan assets allocated to private investments for Foreign pension plans.

Other Investments % - Foreign - Percentage of plan assets allocated to other investments for Foreign pension plans.

Equity % - Post-Retirement - Percentage of plan assets allocated to equity securities for Post-Retirement plans.

Debt Securities % - Post-Retirement - Percentage of plan assets allocated to debt securities for Post-Retirement plans.

Real Estate % - Post-Retirement - Percentage of plan assets allocated to real estate for Post-Retirement plans.

Private Investments % - Post-Retirement - Percentage of plan assets allocated to private investments for Post-Retirement plans.

Other Investments % - Post-Retirement - Percentage of plan assets allocated to other investments for Post-Retirement plans.

Total Plan Obligation - Represents the total value of all pension, post-retirement and other plan obligations for a company.

Total Plan Assets - Represents the total value of all pension and post-retirement plan assets for a company.

Passengers, Total - Represents the number of persons on board a flight who is not a member of the flight or cabin crew.

Revenue Passengers - Represents the total number of paying passengers flown on all flight segments.

Enplaned Passengers - represents the total number of revenue passengers boarding aircraft.

Revenue Passengers Miles (RPM) - represents the number of miles flown by revenue passengers. This is a measure of passenger traffic for an airline, and is obtained by multiplying the number of passengers carried and the number of miles traveled by each passenger.

Revenue Passengers Kilometers (RPK) - represents the number of kilometers flown by revenue passengers. This is a measure of passenger traffic for an airline, and is obtained by multiplying the number of passengers carried and the number of kilometers traveled by each passenger.

Available Seat Miles (ASM) - represents a measure of an airline flight�s passenger capacity. It is obtained by multiplying the number of seats available for scheduled passengers and the number of miles those seats were flown.

Available Seat Kilometers (ASK) - represents a measure of an airline flight�s passenger capacity. It is obtained by multiplying the number of seats available for scheduled passengers and the number of kilometers those seats were flown.

Load Factor - % - represents the percentage of aircraft seating capacity that is actually utilized. It is obtained using revenue passenger miles/kilometers divided by available seat miles/kilometers.

Load Factor, Total - % - represents the Company level Load Factor percentage that is reported by the company. It represents the percentage of aircraft seating capacity that is actually utilized, and is obtained using revenue passenger miles/kilometers, divided by available seat miles/kilometers.

Breakeven Load Factor - % - represents the passenger load factor that will result in operating revenues being equal to operating expenses, assuming constant revenue per passenger mile and expenses.

Breakeven Load Factor, Total - % - represents the Company level Breakeven Load Factor as reported by the company. The Breakeven Load Factor is the passenger load factor that will result in operating revenues being equal to operating expenses, assuming constant revenue per passenger mile and expenses.

Passenger Haul, Average Length (Miles) - represents the average number of miles traveled by a scheduled fare paying passenger.

Passenger Haul, Average Length (Miles), Total - represents the Company level Average Passenger Haul Length in Miles, as reported by the company. It shows the average number of miles traveled by a scheduled fare paying passenger.

Passenger Haul, Average Length (Kilometers) - represents the average number of kilometers traveled by a scheduled fare paying passenger.

Passenger Haul, Average Length (Kilometers), Total - represents the Company level Average Passenger Haul Length in Kilometers, as reported by the company. It shows the average number of kilometers traveled by a scheduled fare paying passenger.

Aircraft Stage, Average Length (Miles) - represents the average number of miles flown per flight.

Aircraft Stage, Average Length (Miles), Total - represents the Company level Aircraft Stage in miles, as reported by the company. It shows the average number of miles flown per flight.

Aircraft Stage, Average Length (Kilometers) - represents the average number of kilometers flown per flight.

Aircraft Stage, Average Length (Kilometers), Total - represents the Company level Aircraft Stage in kilometers, as reported by the company. It shows the average number of kilometers flown per flight.

Number of Trips Flown (Departures) - represents the number of takeoffs made at an airport.

Aircraft Utilization (Hours per Day) - represents the average number of block hours operated per day per aircraft for the total fleet of aircraft.

Aircraft Utilization (Hours per Day), Total - represents the Company level Aircraft Utilization as reported by the company. It shows the average number of block hours operated per day per aircraft for the total fleet of aircraft.

Average Number of Operating Aircraft - represents the average number of aircrafts used by an airline during a period of time. This is obtained using the number of aircraft in use, divided by a given period of time.

Percentage of Sales via Internet - % - represents portion of sales obtained from the internet. It is obtained using the number of sales via Internet, divided by the total number of sales.

Percentage of Sales - Internet, Total - % - represents the Company level portion of sales that is made from the internet, as reported by the company. It is obtained using the number of sales via Internet, divided by the total number of sales.

Number of Hours Flown - represents the block hours or the number of hours which elapsed between the time the aircraft started to move to commence a flight, and the time the aircraft came to its final stop after the conclusion of a flight.

Size of Fleet - represents the number of aircraft operated by a single company or ownership as at the period end.

Revenue per Available Seat Miles - represents revenue divided by available seat miles. This is a common unit revenue used to compare airlines.

Revenue per Available Seat Miles, Total - represents the Company level Revenue per ASM as reported by the company. It is obtained using revenue divided by available seat miles.

Revenue per Available Seat Kilometers - represents revenue divided by available seat kilometers. This is a common unit revenue used to compare airlines.

Revenue per Available Seat Kilometers, Total - represents the Company level Revenues per ASK as reported by the company. It is obtained using revenue divided by available seat kilometers.

Average Passenger Fare - represents the average one-way fare paid per flight segment by a revenue passenger.

Average Passenger Fare, Total - represents the Company level Average Passenger Fare as reported by the company. It shows the average one-way fare paid per flight segment by a revenue passenger.

Passenger Revenue per Revenue Passengers Miles - represents passenger revenue divided by revenue passenger miles.

Passenger Revenue per Revenue Passengers Miles, Total - represents the Company level Passenger Revenue per RPM, as reported by the company. It is obtained using passenger revenue divided by revenue passenger miles.

Passenger Revenue per Revenue Passengers Kilometers - represents passenger revenue divided by revenue passenger kilometers.

Passenger Revenue per Revenue Passengers Kilometers, Total - represents the Company level Passenger Revenue per RPK, as reported by the company. It is obtained using passenger revenue divided by revenue passenger kilometers.

Passenger Revenue per Available Seat Miles - represents passenger revenue divided by available seat miles.

Passenger Revenue per Available Seat Miles, Total - represents the Company level Passenger Revenue per ASM, as reported by the company. It is obtained using passenger revenue divided by available seat miles.

Passenger Revenue per Available Seat Kilometers - represents passenger revenue divided by available seat kilometers.

Passenger Revenue per Available Seat Kilometers, Total - represents the Company level Passenger Revenue per ASK, as reported by the company. It is obtained using passenger revenue divided by available seat kilometers.

Operating Revenue per Available Seat Miles - represents operating revenues divided by available seat miles.

Operating Revenue per Available Seat Miles, Total - represents the Company level Operating Revenue per ASM, as reported by the company. It is obtained using operating revenues divided by available seat miles.

Operating Revenue per Available Seat Kilometers - represents operating revenues divided by available seat kilometers.

Operating Revenue per Available Seat Kilometers, Total - represents the Company level Operating Revenue per ASK, as reported by the company. It is obtained using operating revenues divided by available seat kilometers.

Operating Expense per Available Seat Mile - represents operating expenses divided by available seat miles.

Operating Expense per Available Seat Miles, Total - represents the Company level Operating Expense per ASM, as reported by the company. It is obtained using operating expenses divided by available seat miles.

Operating Expense per Available Seat Kilometers - represents operating expenses divided by available seat kilometers.

Operating Expense per Available Seat Kilometers, Total - represents the Company level Operating Expense per ASK, as reported by the company. It is obtained using operating expenses divided by available seat kilometers.

Operating Expense per Available Seat Miles, excluding Fuel - represents operating expenses, less aircraft fuel, divided by available seat miles.

Operating Expense per Available Seat Miles, excluding Fuel, Total - represents the Company level Operating Expense less Fuel costs per ASM, as reported by the company. It is obtained using operating expenses, less aircraft fuel, divided by available seat miles.

Operating Expense per Available Seat Kilometers, excluding Fuel - represents operating expenses, less aircraft fuel, divided by available seat kilometers.

Operating Expense per Available Seat Kilometers, excluding Fuel, Total - represents the Company level Operating Expense less Fuel costs per ASK, as reported by the company. It is obtained operating expenses, less aircraft fuel, divided by available seat kilometers.

Fuel Cost per US Gallon - represents the unit cost of each US gallon of fuel consumed. This is obtained using total aircraft fuel costs (excluding fuel taxes) divided by the total number of fuel US gallons consumed.

Fuel Cost per US Gallon, Total - represents the Company level unit cost of each US gallon of fuel consumed, as reported by the company. This is obtained using total aircraft fuel costs (excluding fuel taxes) divided by the total number of fuel US gallons consumed.

Fuel Cost per UK Gallon - represents the unit cost of each UK gallon of fuel consumed. This is obtained using total aircraft fuel costs (excluding fuel taxes) divided by the total number of fuel UK gallons consumed.

Fuel Cost per UK Gallon, Total - represents the Company level unit cost of each UK gallon of fuel consumed, as reported by the company. This is obtained using total aircraft fuel costs (excluding fuel taxes) divided by the total number of fuel UK gallons consumed.

Fuel Cost per Liter - represents the unit cost of each liter of fuel consumed. This is obtained using total aircraft fuel costs (excluding fuel taxes) divided by the total number of fuel liters consumed.

Fuel Cost per Liter, Total - represents the Company level unit cost of each liter of fuel consumed, reported by the company. This is obtained using total aircraft fuel costs (excluding fuel taxes) divided by the total number of fuel liters consumed.

Fuel Consumed, US Gallon - represents the amount of fuel consumed, in US gallons.

Fuel Consumed, UK Gallon - represents the amount of fuel consumed, in UK gallons.

Net Interest Margin - % - represents the difference between interest income earned and the interest paid on borrowings by the bank, as a percentage of its earning assets. It is obtained using interest revenue less interest expense, divided by average interest-earning assets.

Net Interest Margin, Total - % - represents the Company level Net Interest Margin, as reported by the company. It shows the difference between interest income earned and the interest paid on borrowings by the bank, as a percentage of its earning assets.

Net Interest Spread - % - represents the difference in the borrowing and lending rates of the bank. It is obtained using the average yield on interest-earning assets, less the average cost of interest-bearing liabilities.

Net Interest Spread, Total - % - represents the Company level Net Interest Spread, as reported by the company. It shows the difference in the borrowing and lending rates of the bank. It is obtained using the average yield on interest-earning assets, less the average cost of interest-bearing liabilities.

Number of Units Sold - represents the number of products sold by the electronics company.

Number of Hospitals - represents the number of hospitals owned by the company as at the end of the period.

Number of Licensed Beds - represents the maximum number of beds permitted in a facility under its license as at the end of the period, regardless of whether the beds are actually available for patient care.

Average Number of Licensed Beds - represents the average number of licensed D73beds owned by the hospital during the period. It is obtained by weighting the total number of licensed beds owned, by according to the periods owned.

Utilization of Licensed Beds - % - represents the average utilization of the licensed beds during the period. It is obtained using the average patient days divided by average licensed beds divided by number of days in the period.

Utilization of Licensed Beds, Total - % - represents the Company level average utilization of the licensed beds during the period, as reported by the company. It is obtained using the average patient days divided by average licensed beds divided by number of days in the period.

Patient Days - represents the total number of days of patient care provided by the hospital for the periods indicated.

Equivalent Patient Days - represents actual admissions/patient days adjusted to include outpatient services. It is obtained by multiplying actual admissions/patient days by the sum of gross inpatient revenues and outpatient revenues, and dividing the result by gross inpatient revenues.

Average Length of Stay (Days) - represents the average number of days an admitted patient stays in the facility.

Average Length of Stay (Days), Total - represents the Company level average number of days an admitted patient stays in the facility, as reported by the company.

Number of Visits per Admission - represents the average number of visits each patient admitted into the hospital has.

Number of Visits per Admission, Total - represents the Company level average number of visits each patient admitted into the hospital has, as reported by the company. It is obtained using the total number of visits divided by the number of admissions.

Number of Outpatient Visits - represents the number of individual visits to hospital outpatient departments located on the hospital campus, during the period.

Number of Discharges - represents the number of discharges in the hospital during the period.

Number of Cases per Scan - represents the number of patient visits per time they need a medical procedure/scan.

Number of Cases per Scan, Total - represents the Company level number of patient visits per time they need a medical procedure/scan, as reported by the company.

Number of Surgeries - represents the number of surgeries performed in the hospital during the period.

Revenue per Visit/Discharge/Case/Scan - represents the average revenue earned by the hospital for each visit, discharge, case or scan. It is obtained using total value billed divided by the total number of visits, discharges, cases and/or scans.

Revenue per Visit/Discharge/Case/Scan, Total - represents the Company level average revenue earned by the hospital for each visit, discharge, case or scan, as reported by the company. It is obtained using total value billed divided by the total number of visits, discharges, cases and/or scans.

Net Inpatient Revenues - represents the total billed value for the services provided by the hospital to its inpatients.

Net Outpatient Revenues - represents the total billed value for the services provided by the hospital to its outpatients.

Inpatient Revenue per Patient Day - represents the average inpatient revenues earned by the hospital for each patient day. It is obtained using total billed value of inpatient services divided by the total number of patient days.

Inpatient Revenue per Patient Day, Total - represents the Company level average inpatient revenues earned by the hospital for each patient day, as reported by the company. It is obtained using total billed value of inpatient services divided by the total number of patient days.

Inpatient Revenue per Admission - represents the average inpatient revenues earned by the hospital for each admission. It is obtained using the total billed value of inpatient services divided by the number of admissions.

Inpatient Revenue per Admission, Total - represents the Company level average inpatient revenues earned by the hospital for each admission, as reported by the company. It is obtained using the total billed value of inpatient services divided by the number of admissions.

Outpatient Revenue per Visit - represents the average outpatient revenue earned by the hospital for each hospital visit. It is obtained using the total billed value of outpatient services divided by the number of hospital visits.

Outpatient Revenue per Visit, Total - represents the Company level average outpatient revenue earned by the hospital for each hospital visit, as reported by the company. It is obtained using the total billed value of outpatient services divided by the number of hospital visits.

Number of Properties - represents the total number of properties that the company owns as of the period end date.

Number of Rooms - represents the total number of rooms owned by the company as of the period end date.

Occupancy - % - represents the percentage of rooms that are occupied or rented in a hotel at a given time.

Occupancy, Total - % - represents the Company level Occupancy percentage, as reported by the company. It shows the percentage of rooms that are occupied or rented in a hotel at a given time.

Average Daily Room Rate (ADR) - represents the average rental income per occupied room in a given time period. It is obtained using the total room revenues divided by the total number of rooms sold.

Average Daily Room Rate (ADR), Total - represents the Company level average rental income per occupied room in a given time period, as reported by the company. This item is used as the line item display for the Standard Format Financial Statements. It is obtained using the total room revenues divided by the total number of rooms sold.

Revenue per Available Room (REVPAR) - represents the average revenue earned per available room in a given time period. It is obtained using the total room revenues in a given period (net of discounts, sales taxes, and meals) divided by the number of available room in a given time period. Alternatively, it can also be obtained using the average daily room rate (ADR) multiplied by the occupancy rate.

Revenue per Available Room (REVPAR), Total - represents the Company level average revenue earned per available room in a given time period, as reported by the company. It is obtained using the total room revenues in a given period (net of discounts, sales taxes, and meals) divided by the number of available room in a given time period. Alternatively, it can also be obtained using the average daily room rate (ADR) multiplied by the occupancy rate.

Property-Level EBITDA - represents earnings before interest, other non-operating Income/Expense, Taxes, depreciation and amortization, and before any corporate expenses and stock compensation expense on properties that a company owns. Property EBITDA is different from Consolidated EBITDA, as Consolidated EBITDA may include other corporate and stock compensation expenses.

Value of Slot Handle - represents the total amount of coins, tokens, credits or currency placed into slot machines by patrons to play the slot machines.

Growth in Table Games Drop (Volume) - % - represents the percentage of change of the table games drop from the prior period. Table games drop refers to the amount of chips exchanged for cash or cash equivalents for table games.

Growth in Table Games Drop (Volume), Total - % - represents the Company level Growth in the volume of Table Games Drop. It shows the percentage of change of the table games drop from the prior period. Table games drop refers to the amount of chips exchanged for cash or cash equivalents for table games.

Percentage of Win or Hold - % - represents the gross win as a percentage of total slot handle or total table games drop.

Percentage of Win or Hold, Total - % - represents the Company level Percentage Win or Hold, as reported by the company. It shows gross win as a percentage of total slot handle or total table games drop.

New Business Profit - represents the contribution of the total new business sales of an insurer during the period. The insurer�s new business sales can include premium income on new regular policies, and also single premium policies.

New Business Annual Premium Equivalent (APE) - represents the annual premium amount for regular premium contracts plus 10% of new single premiums. Due to the difference in the proportion of single premium policies between the insurers, New Business Annual Premium Equiv. enables a better comparison of the volume of the new business amongst the insurers.

New Business Margin - % - represents the profit from new business sales, expressed as a percentage of the Present Value of New Business Premiums for the period.

New Business Margin, Total - % - represents the Company level New Business Margin percentage, as reported by the company. It shows the profit from new business sales, expressed as a percentage of the Present Value of New Business Premiums for the period.

Underwriting Profit or Loss - represents the money earned or loss by an insurer in its underwriting operations. This is obtained by subtracting the sum of its losses, loss adjusting expenses and other underwriting expenses, from the total premiums earned.

Embedded Value - represents the present value of existing life insurance business at the valuation date and excluding any value attributable to future new business. The embedded value is an Actuarial science construct, which allows the uncertain future cash-flows of a life insurer to be valued, so as to give a more realistic picture of the company�s financial position, allowing for future contingencies.

Expense Ratio - % - represents the sum of the acquisition costs and other underwriting expenses in relation to the premium earned. This is obtained by using the total acquisition and underwriting expenses, divided by the total premiums earned. Expense Ratio - % reflects the insurance company�s expense ratio reported under the reported GAAP.

Expense Ratio, Total - % - represents the Company level Expense Ratio, as reported by the company. It shows the sum of the acquisition costs and other underwriting expenses in relation to the premium earned.

Loss Ratio - % - represents loss expenses incurred by an insurance company, in relation to the total premiums earned. This is obtained by using the total of incurred losses and loss adjustment expenses, divided by premium earned. The insurance company may report loss ratio under the reported GAAP and the Statutory Accounting Principle separately.

Loss Ratio, Total - % - represents the Company level Loss Ratio, as reported by the company. It shows the loss expenses incurred by an insurance company, in relation to the total premiums earned.

Combined Ratio - % - represents the combination of the loss ratio and the expense ratio. This is an indicator of the operational profitability of an insurance company. This is obtained by using the total operating expenses (includes acquisition and underwriting expenses) and incurred losses, divided by the total premiums earned. It can also be obtained by adding the Expense Ratio - % [MIBE] and Loss Ratio - % [MIBG].

Combined Ratio, Total - % - represents the Company level Combined Ratio, as reported by the company. It shows the combination of the loss ratio and the expense ratio, and is an indicator of the operational profitability of an insurance company.

Statutory Expense Ratio - % - represents the sum of the acquisition costs and other underwriting expenses in relation to the premium earned (under the Statutory Accounting Principle). This is obtained by using the total acquisition and underwriting expenses, divided by the total premiums earned � according to the Statutory Accounting Principle.

Statutory Expense Ratio, Total - % - represents the Company level Statutory Expense Ratio, as reported by the company. It shows the sum of the acquisition costs and other underwriting expenses in relation to the premium earned (under the Statutory Accounting Principle).

Weighted Average Cost of Capital (WACC) - % - represents the average cost of raising capital, by proportionately weighing the cost of each category of capital. The company may raise its capital by issuing equity or from borrowings.

Weighted Average Cost of Capital (WACC), Total - % - represents the Company level Weighted Average Cost of Capital, as reported by the company. It shows the average cost of raising capital, by proportionately weighing the cost of each category of capital. The company may raise its capital by issuing equity or from borrowings.

Query Market Share - % - represents the market share percentage specifically for query volumes of an Internet search company (Yahoo, Google etc.) It is an indicator of the search engine�s market position in the specified region, with respect to the totals search/query volume during the period.

Query Market Share, Total - % - represents the Company level Query Market Share percentage, as reported by the company. It shows the market share percentage specifically for query volumes of an Internet search company (Yahoo, Google etc.). It is an indicator of the search engine�s market position, with respect to the totals search/query volume during the period.

Click Rate - % - represents the frequency an advertisement downloaded with a webpage, is clicked on. This is obtained using the number of clicks on an ad on a webpage, divided by the total number of times that the ad was downloaded with a page. For example: if one in ten web-users who downloaded a page click on the ad, then the Click Rate would be 10%.

Click Rate, Total - % - represents the Company level Click Rate, as reported by the company. It shows the frequency an advertisement downloaded with a webpage, is clicked on. This is obtained using the number of clicks on an ad on a webpage, divided by the total number of times that the ad was downloaded with a page. For example: if one in ten web-users who downloaded a page click on the ad, then the Click Rate would be 10%.

Number of Page Views (User Traffic) - represents the number of hits (page views) that a website has received over the specified period of time. This is used to measure the user traffic of a particular website during the period.

Value of Paid Clicks - represents the total sales resulting from the click-paid activity for an internet media company.

Average Revenue per Click - represents the average revenue earned per click from each campaign. This is a measurement of the average revenue earned each time a visitor clicks on an advertisement displayed in a website.

Average Revenue per Click, Total - represents the Company level average revenue earned per click from each campaign, as reported by the company. This is a measurement of the average revenue earned each time a visitor clicks on an advertisement displayed in a website.

Average Revenue per Customer - represents the revenue generated by a customer per month. This item is commonly used by telephone carriers and other industries including consumer Internet services, to measure the rate of revenue generation. This term is also commonly known as Average Revenue per User.

Average Revenue per Customer, Total - represents the Company level revenue generated by a customer per month, as reported by the company. This item is commonly used by telephone carriers and other industries including consumer Internet services, to measure the rate of revenue generation. This term is also commonly known as Average Revenue per User.

Traffic Acquisition Costs (TAC) - represents the cost for a company to acquire traffic into their site. This cost is considered as the cost of revenue for many internet search company such as Yahoo, Google, etc.

Membership under Capitation -% - represents the percentage of membership under the capitation agreement. In a limited number of circumstances, the company contracts with hospitals and physicians to accept financial risk for a defined set of HMO membership. For transferring this risk, the company prepays these providers a monthly fixed-fee per member to coordinate substantially all of the medical care for their capitated HMO membership, including some health benefit administrative functions and claims processing.

Membership under Capitation, Total -% - represents the Company level Membership under Capitation Percentage, as reported by the company. It shows the percentage of membership under the capitation agreement. In a limited number of circumstances, the company contracts with hospitals and physicians to accept financial risk for a defined set of HMO membership. For transferring this risk, the company prepays these providers a monthly fixed-fee per member to coordinate substantially all of the medical care for their capitated HMO membership, including some health benefit administrative functions and claims processing.

Covered Lives - represents the total number of people covered by the insurance policies. For example: one man is a member of a health insurance plan, but then he adds his family (wife and 3 kids) as dependents. Covered Lives [MMKQ] in the above example will be 5 � the man (member), and his 4 dependants.

Enrollment or Membership - represents the total number of members acquired by the company, as at period end. For example: one man is a member of a health insurance plan, and he adds his family (wife and 3 kids) as dependents. Enrollment of Membership [MMKZ] in the above example will be one � the man who subscribed to the insurance plan.

Receipt Cycle Time (Days) - represents the average length of time (in number of days) that has lapsed between the time when a claim was initially incurred and when the claim form was received.

Receipt Cycle Time (Months) - represents the average length of time (in number of months) that has lapsed between the time when a claim was initially incurred and when the claim form was received.

Premiums Per Member Per Month - represents the total revenues earned by the company, divided by the total number of member months. A member is defined as each patient with insurance coverage under a health plan. Other terms used include enrollees and covered lives. Total number of member months is obtained by adding for all the members of the companies, the number of months for which they are a member.

Premiums Per Member Per Month, Total - represents the Company level Premiums per Member per Month, as reported by the company. It is obtained using the total revenues earned by the company, divided by the total number of member months.

Medical Costs per Member per Month - represents the total medical costs incurred by the company, divided by the total number of member months. This is also sometimes called Service Costs PMPM. A member is defined as each patient with insurance coverage under a health plan. Other terms used include enrollees and covered lives. Total number of member months is obtained by adding for all the members of the companies, the number of months for which they are a member.

Medical Costs Per Member Per Month, Total - represents the Company level Medical Costs incurred per Member per Month, as reported by the company. It is obtained using total medical costs incurred by the company, divided by the total number of member months. This is also sometimes called Service Costs PMPM.

SG&A Costs per Member per Month - represents SG&A costs incurred by the company, divided by the total number of member months. A member is defined as each patient with insurance coverage under a health plan. Other terms used include enrollees and covered lives. Total number of member months is obtained by adding for all the members of the companies, the number of months for which they are a member.

SG&A Costs Per Member Per Month, Total - represents the Company level Selling, General and Administrative costs incurred per Member per Month, as reported by the company. It is obtained using SG&A costs incurred by the company, divided by the total number of member months.

Medical Expense Ratio - % - represents the percentage of the premiums that are used to pay for the delivery of health care. It is obtained using the total medical expenses incurred by the company, divided by the total revenues earned.

Medical Expense Ratio, Total - % - represents the Company level Medical Expense Ratio, as reported by the company. It shows the percentage of the premiums that are used to pay for the delivery of health care. It is obtained using the total medical expenses incurred by the company, divided by the total revenues earned.

General & Administration Ratio - % - represents the percentage of total revenues that are used to administer the health plan. It is a measure of the efficiency of the company. It is obtained using the total General and Administration costs incurred by the company, divided by the total revenues earned.

General & Administration Ratio, Total - % - represents the Company level General & Administration Ratio, as reported by the company. It is obtained using the total General and Administration costs incurred by the company, divided by the total revenues earned. It shows the percentage of total revenues that are used to administer the health plan, and is a measure of the efficiency of the company.

Selling Costs Ratio - % - represents the percentage of total revenues that are used to complete the sales of the health plan. It is obtained using the total selling expenses incurred by the company, divided by the total premiums earned.

Selling Costs Ratio, Total - % - represents the Company level Selling Costs Ratio, as reported by the company. It shows the percentage of total revenues that are used to complete the sales of the health plan. It is obtained using the total selling expenses incurred by the company, divided by the total premiums earned.

Combined Ratio - % - represents the sum of the Loss ratio, LAE (Loss Adjustment Expenses) ratio, and Underwriting Expense and Policyholder dividends to premiums ratio. It is a measure of the efficiency of the company.

Combined Ratio, Total - % - represents the Company level Combined Ratio, as reported by the company. It is the sum of the Loss ratio, LAE (Loss Adjustment Expenses) ratio, and Underwriting Expense and Policyholder dividends to premiums ratio. It is a measure of the efficiency of the company.

Unprocessed Claims Inventories, Number - represents the claims count of claims received, but not yet fully processed. The inventory of unprocessed claims reflects the company�s ability to manage and process claims submissions made to the company.

Unprocessed Claims Inventories, Value - represents the estimated valuation of claims received but not yet fully processed. The inventory of unprocessed claims reflects the company�s ability to manage and process claims submissions made to the company.

Unprocessed Claims Inventories, Days - represents number of days on hand of the unprocessed claims inventories. The inventory of unprocessed claims reflects the company�s ability to manage and process claims submissions made to the company.

Days in Claims Payable (DCP) - represents the medical claim liabilities at the end of the period, divided by average medical expenses per day in the quarterly period.

Days in Claims Payable excluding Capitation - represents medical claim liabilities at the end of the period divided by average medical expenses per day in the quarterly period, excluding capitation. Companies may have some providers under capitation payment arrangements. Capitation refers to the system of payment for each customer served, rather than by service performed. Such capitation payment arrangements do not require a medical claim IBNR reserve. Hence, companies with such capitation payment arrangements will usually summarize the DCP metric excluding capitation expense.

Claims Reserves - represents the provisions set apart for future claims, as at the end of the period. The claims reserves include: Incurred but not reported claims; Received but unprocessed claims; and Reserves for loss adjustment expenses

Number of Mines - represents the number of mines the company is working on as at the period end.

Remaining Mine Life -Years - represents the number of years left remaining of the life of the productive mine as at the period end.

Developed Acreage - Mining - represents the number of acres that are allocated or assignable to productive mines or mines capable of production.

Developed Square Kilometers - Mining - represents the number of square kilometers that are allocated or assignable to productive mines or mines capable of production.

Average Production per Mine (Long Tons) - represents the average production volume of a mineral per mine, in Long Tons.

Average Production per Mine (Long Tons), Total - represents the Company level Average Production Volume per mine in Long Tons, as reported by the company.

Average Production per Mine (Metric Tonnes) - represents the average production volume of a mineral per mine, in Metric Tonnes.

Average Production per Mine (Metric Tonnes), Total - represents the Company level Average Production Volume per mine in Metric Tonnes, as reported by the company.

Average Production per Mine (US Tons) - represents the average production volume of a mineral per mine, in US Tons.

Average Production per Mine (US Tons), Total - represents the Company level Average Production Volume per mine in US Tons, as reported by the company.

Stripping Ratio - % - represents the amount of waste rock mined relative to the amount of ore mined. This is obtained using the volume of waste rock produced, divided by the volume of mineral mined for a mine. For example: a stripping ratio of 3 to 1 means that during the life of the pit, there will be three times as much waste rock mined as ore.

Stripping Ratio, Total - % - represents the Company level Stripping Ratio, as reported by the company. It shows the amount of waste rock mined relative to the amount of ore mined.

Undeveloped Acreage - Mining - represents the lease acreage on which mines have not been completed to a point that would permit the production of commercial quantities of minerals, regardless of whether such area contains proved reserves.

Undeveloped Square Kilometers - Mining - represents the lease square kilometers on which mines have not completed to a point that would permit the production of commercial quantities of minerals, regardless of whether such area contains proved reserves.

Copper Production (Long Tons) - represents the total production volume of Copper in Long Tons, by the mining company during the specified period of time.

Copper Production (Metric Tonnes) - represents the total production volume of Copper in Metric Tonnes, by the mining company during the specified period of time.

Copper Production (US Tons) - represents the total production volume of Copper in US Tons, by the mining company during the specified period of time.

Diamond Production (Carats) - represents the total production volume of Diamonds in Carats, by the mining company during the specified period of time.

Gold Production (Grams) - represents the total production volume of Gold in Grams, by the mining company during the specified period of time.

Gold Production (Ounces) - represents the total production volume of Gold in Ounces, by the mining company during the specified period of time.

Gold Production (Troy Ounces) - represents the total production volume of Gold in Troy Ounces, by the mining company during the specified period of time.

Iron Ore Production (Long Tons) - represents the total production volume of Iron Ore in Long Tons, by the mining company during the specified period of time.

Iron Ore Production (Metric Tonnes) - represents the total production volume of Iron Ore in Metric Tonnes, by the mining company during the specified period of time.

Iron Ore Production (US Tons) - represents the total production volume of Iron Ore in US Tons, by the mining company during the specified period of time.

Platinum Production (Grams) - represents the total production volume of Platinum in Grams, by the mining company during the specified period of time.

Platinum Production (Ounces) - represents the total production volume of Platinum in Ounces, by the mining company during the specified period of time.

Platinum Production (Troy Ounces) - represents the total production volume of Platinum in Troy Ounces, by the mining company during the specified period of time.

Silver Production (Grams) - represents the total production volume of Silver in Grams, by the mining company during the specified period of time.

Silver Production (Ounces) - represents the total production volume of Silver in Ounces, by the mining company during the specified period of time.

Silver Production (Troy Ounces) - represents the total production volume of Silver in Troy Ounces, by the mining company during the specified period of time.

Titanium Slag Production (Long Tons) - represents the total production volume of Titanium Slag in Long Tons, by the mining company during the specified period of time.

Titanium Slag Production (Metric Tonnes) - represents the total production volume of Titanium Slag in Metric Tonnes, by the mining company during the specified period of time.

Titanium Slag Production (US Tons) - represents the total production volume of Titanium Slag in US Tons, by the mining company during the specified period of time.

Zinc Production (Long Tons) - represents the total production volume of Zinc in Long Tons by the mining company, during the specified period of time.

Zinc Production (Metric Tonnes) - represents the total production volume of Zinc in Metric Tonnes by the mining company, during the specified period of time.

Zinc Production (US Tons) - represents the total production volume of Zinc in US Tons by the mining company, during the specified period of time.

Copper, Reserves (Long Tons) - represents the Copper reserves owned by the mining company in Long Tons, as at the period end.

Copper, Reserves (Metric Tonnes) - represents the Copper reserves owned by the mining company in Metric Tonnes, as at the period end.

Copper, Reserves (US Tons) - represents the Copper reserves owned by the mining company in US Tons, as at the period end.

Diamonds, Reserves (Carats) - represents the total Diamonds reserves owned by the mining company in Carats, as at the period end.

Gold, Reserves (Grams) - represents the total Gold reserves owned by the mining company in Grams, as at the period end.

Gold, Reserves (Ounces) - represents the total Gold reserves owned by the mining company in Ounces, as at the period end.

Gold, Reserves (Troy Ounces) - represents the total Gold reserves owned by the company in Troy Ounces, as at the period end.

Iron Ore, Reserves (Long Tons) - represents the Iron Ore reserves owned by the mining company in Long Tons, as at the period end.

Iron Ore, Reserves (Metric Tonnes) - represents the Iron Ore reserves owned by the mining company in Metric Tonnes, as at the period end.

Iron Ore, Reserves (US Tons) - represents the Iron Ore reserves owned by the mining company in US Tons, as at the period end.

Platinum, Reserves (Grams) - represents the total Platinum reserves owned by the mining company in Grams, as at the period end.

Platinum, Reserves (Ounces) - represents the total Platinum reserves owned by the mining company in Ounces, as at the period end.

Platinum, Reserves (Troy Ounces) - represents the total Platinum reserves owned by the company in Troy Ounces, as at the period end.

Silver, Reserves (Grams) - represents the total Silver reserves owned by the mining company in Grams, as at the period end.

Silver, Reserves (Ounces) - represents the total Silver reserves owned by the mining company in Ounces, as at the period end.

Silver, Reserves (Troy Ounces) - represents the total Silver reserves owned by the company in Troy Ounces, as at the period end.

Titanium Slag, Reserves (Long Tons) - represents the Titanium Slag reserves owned by the mining company in Long Tons, as at the period end.

Titanium Slag, Reserves (Metric Tonnes) - represents the Titanium Slag reserves owned by the mining company in Metric Tonnes, as at the period end.

Titanium Slag, Reserves (US Tons) - represents the Titanium Slag reserves owned by the mining company in US Tons, as at the period end.

Zinc, Reserves (Long Tons) - represents the Zinc reserves owned by the mining company in Long Tons, as at the period end.

Zinc, Reserves (Metric Tonnes) - represents the Zinc reserves owned by the mining company in Metric Tonnes, as at the period end.

Zinc, Reserves (US Tons) - represents the Zinc reserves owned by the mining company in US Tons, as at the period end.

Copper, Average Price per Long Ton - represents the average selling price of Copper per Long Ton, during the specified period of time.

Copper, Average Price per Long Ton, Total - represents the Company level Average Selling Price of Copper per Long Ton during the specified period of time, as reported by the company.

Copper, Average Price per Metric Tonne - represents the average selling price of Copper per Metric Tonne, during the specified period of time.

Copper, Average Price per Metric Tonne, Total - represents the Company level Average Selling Price of Copper per Metric Tonne during the specified period of time, as reported by the company.

Copper, Average Price per US Ton - represents the average selling price of Copper per US Ton, during the specified period of time.

Copper, Average Price per US Ton, Total - represents the Company level Average Selling Price of Copper per US Ton during the specified period of time, as reported by the company.

Diamonds, Average Price per Carat - represents the average selling price of Diamonds per Carat, during the specified period of time.

Diamonds, Average Price per Carat, Total - represents Company level Average Selling Price of Diamonds per Carat during the specified period of time, as reported by the company.

Gold, Average Price per Gram - represents the average selling price of Gold per Gram, during the specified period of time.

Gold, Average Price per Gram, Total - represents the Company level Average Selling Price of Gold per Gram during the specified period of time, as reported by the company.

Gold, Average Price per Ounce - represents the average selling price of Gold per Ounce, during the specified period of time.

Gold, Average Price per Ounce, Total - represents the Company level Average Selling Price of Gold per Ounce during the specified period of time, as reported by the company.

Gold, Average Price per Troy Ounce - represents the average selling price of Gold per Troy Ounce, during the specified period of time.

Gold, Average Price per Troy Ounce, Total - represents the Company level Average Selling Price of Gold per Troy Ounce during the specified period of time, as reported by the company.

Iron Ore, Average Price per Long Ton - represents the average selling price of Iron Ore per Long Ton, during the specified period of time.

Iron Ore, Average Price per Long Ton, Total - represents the Company level Average Selling Price of Iron Ore per Long Ton during the specified period of time, as reported by the company.

Iron Ore, Average Price per Metric Tonne - represents the average selling price of Iron Ore per Metric Tonne, during the specified period of time.

Iron Ore, Average Price per Metric Tonne, Total - represents the Company level Average Selling Price of Iron Ore per Metric Tonne during the specified period of time, as reported by the company.

Iron Ore, Average Price per US Ton - represents the average selling price of Iron Ore per US Ton, during the specified period of time.

Iron Ore, Average Price per US Ton, Total - represents the Company level Average Selling Price of Iron Ore per US Ton during the specified period of time, as reported by the company.

Platinum, Average Price per Gram - represents the average selling price of Platinum per Gram, during the specified period of time.

Platinum, Average Price per Gram, Total - represents the Company level Average Selling Price of Platinum per Gram, during the specified period of time.

Platinum, Average Price per Ounce - represents the average selling price of Platinum per Ounce, during the specified period of time.

Platinum, Average Price per Ounce, Total - represents the Company level Average Selling Price of Platinum per Ounce during the specified period of time, as reported by the company.

Platinum, Average Price per Troy Ounce - represents the average selling price of Platinum per Troy Ounce, during the specified period of time.

Platinum, Average Price per Troy Ounce, Total - represents the Company level Average Selling Price of Platinum per Troy Ounce during the specified period of time, as reported by the company.

Silver, Average Price per Gram - represents the average selling price of Silver per Gram, during the specified period of time.

Silver, Average Price per Gram, Total - represents the Company level Average Selling Price of Silver per Gram during the specified period of time, as reported by the company.

Silver, Average Price per Ounce - represents the average selling price of Silver per Ounce, during the specified period of time.

Silver, Average Price per Ounce, Total - represents the Company level Average Selling Price of Silver per Ounce during the specified period of time, as reported by the company.

Silver, Average Price per Troy Ounce - represents the average selling price of Silver per Troy Ounce, during the specified period of time.

Silver, Average Price per Troy Ounce, Total - represents the Company level Average Selling Price of Silver per Troy Ounce during the specified period of time, as reported by the company.

Titanium Slag, Average Price per Long Ton - represents the average selling price of Titanium Slag per Long Ton, during the specified period of time.

Titanium Slag, Average Price per Long Ton, Total - represents the Company level Average Selling Price of Titanium Slag per Long Ton during the specified period of time, as reported by the company.

Titanium Slag, Average Price per Metric Tonne - represents the average selling price of Titanium Slag per Metric Tonne, during the specified period of time.

Titanium Slag, Average Price per Metric Tonne, Total - represents the Company level Average Selling Price of Titanium Slag per Metric Tonne during the specified period of time, as reported by the company.

Titanium Slag, Average Price per US Ton - represents the average selling price of Titanium Slag per US Ton, during the specified period of time.

Titanium Slag, Average Price per US Ton, Total - represents the Company level Average Selling Price of Titanium Slag per US Ton during the specified period of time, as reported by the company.

Zinc, Average Price per Long Ton - represents the average selling price of Zinc per Long Ton, during the specified period of time.

Zinc, Average Price per Long Ton, Total - represents the Company level Average Selling Price of Zinc per Long Ton during the specified period of time, as reported by the company.

Zinc, Average Price per Metric Tonne - represents the average selling price of Zinc per Metric Tonne, during the specified period of time.

Zinc, Average Price per Metric Tonne, Total - represents the Company level Average Selling Price of Zinc per Metric Tonne during the specified period of time, as reported by the company.

Zinc, Average Price per US Ton - represents the average selling price of Zinc per US Ton, during the specified period of time.

Zinc, Average Price per US Ton, Total - represents the Company level Average Selling Price of Zinc per US Ton during the specified period of time, as reported by the company.

Crude Oil, Average Production (Barrels/Day) - represents the average production of crude oil on daily basis, in barrels.

Crude Oil, Average Sales Price per Barrel - represents the average sales price of crude oil per barrel.

Crude Oil, Average Sales Price per Barrel, Total - represents the Company level Average Sales Price of Crude Oil per Barrel, as reported by the company.

Crude Oil Production (Barrels) - represents the total production of crude oil in barrels.

Gas Liquids, Average Production (Barrels/Day) - represents the average production of gas liquids on daily basis, in barrels.

Gas Liquids, Average Sales Price per Barrel - represents the average sales price of Gas Liquids per barrel.

Gas Liquids, Average Sales Price per Barrel, Total - represents the Company level Average Sales Price of Gas Liquids per barrel, as reported by the company.

Gas Liquids Production (Barrels) - represents the total production of gas liquids in barrels.

Natural Gas, Average Production (Cubic Feet/Day) - represents the average production of Natural Gas on a daily basis, in cubic feet.

Natural Gas, Average Production (Cubic Feet/Day), Total - represents the Company level Daily Average Production of Natural Gas in cubic feet, as reported by the company.

Natural Gas, Average Production (Cubic Meters/Day) - represents the average production of Natural Gas on daily basis, in cubic meters.

Natural Gas, Average Production (Cubic Meters/Day), Total - represents the Company level Daily Average Production of Natural Gas in cubic meters, as reported by the company.

Natural Gas, Average Sales Price per Cubic Feet - represents the average sales price of Natural Gas per Cubic Feet.

Natural Gas, Average Sales Price per Cubic Feet, Total - represents the Company level Average Sales Price of Natural Gas per Cubic Feet, as reported by the company.

Natural Gas, Average Sales Price per Cubic Meter - represents the average sales price of Natural Gas per Cubic Meter.

Natural Gas, Average Sales Price per Cubic Meter, Total - represents the Company level Average Sales Price of Natural Gas per Cubic Meter, as reported by the company.

Natural Gas Production (Cubic Feet) - represents the total production of natural gas in cubic feet.

Natural Gas Production (Cubic Meters) - represents the total production of natural gas in cubic meters.

Average Production Costs per Barrel - represents the average cost incurred by the company to produce a barrel of oil or gas.

Average Production Costs per Barrel, Total - represents the Company level Average Cost incurred to produce a barrel of oil or gas, as reported by the company.

Oil Equivalent Production (Barrels/Day) - represents the total daily production (of natural gas) in Oil Equivalent Barrel. Oil Equivalent Barrel is a used to quantify crude oil and natural gas using the same unit of measure. Natural gas volumes are converted to barrels on the basis of energy content.

Production Growth - % - represents the average daily production growth of the oil/gas company. This item is used to collect the rate of growth of the production of Crude Oil, Gas Liquids and/or Natural Gas.

Production Growth, Total - % - represents the Company level Average Daily Production Growth, as reported by the oil/gas company. This item is used to collect the rate of growth of the production of Crude Oil, Gas Liquids and/or Natural Gas.

Exploration and Development Costs - represents the exploration and development costs incurred by the company for feasibility studies for new wells.

Recycle Ratio - % - represents the value created for each dollar invested in the oil/gas company. It is a measure of the capital efficiency of the company.

Recycle Ratio, Total - % - represents the Company level Recycle Ratio, as reported by the company. It shows the value created for each dollar invested in the oil/gas company, and is a measure of the capital efficiency of the company.

Developed Acreage - Oil & Gas - represents the number of acres that are allocated or assignable to productive wells or wells capable of production.

Developed Square Kilometers - Oil & Gas - represents the number of square kilometers that are allocated or assignable to productive wells or wells capable of production.

Undeveloped Acreage - Oil & Gas - represents the lease acreage on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of natural gas and oil, regardless of whether such area contains proved reserves.

Undeveloped Square Kilometers - Oil & Gas - represents the lease square kilometers on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of natural gas and oil, regardless of whether such area contains proved reserves.

Number of Rigs - represents the number of Rigs the company is actively exploring for oil and natural gas as at the period end.

Number of Wells, New - represents the number of new wells explored by the company as at the period end.

Number of Wells, Total - represents the number of total wells owned by the company as at the period end.

Oil and LNG Reserves, Proved (Barrels) - represents the estimated quantities of oil and liquefied natural gas reserves which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions (in Barrels).

Natural Gas Reserves, Proved (Cubic Feet) - represents the estimated quantities of natural gas which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions (in Cubic Feet).

Natural Gas Reserves, Proved (Cubic Meters) - represents the estimated quantities of natural gas which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions (in Cubic Meters).

Oil and LNG Reserves, Probable (Barrels) - represents the estimated quantities of oil and liquefied natural gas reserves which is categorized as �reasonably probable" of being produced using current or likely technology at current prices, with current commercial terms and government consent.

Natural Gas Reserves, Probable (Cubic Feet) - represents the estimated quantities of gas reserves which is categorized as �reasonably probable" of being produced using current or likely technology at current prices, with current commercial terms and government consent.

Natural Gas Reserves, Probable (Cubic Meters) - represents the estimated quantities of gas reserves which is categorized as �reasonably probable" of being produced using current or likely technology at current prices, with current commercial terms and government consent.

Oil and LNG Reserves, Possible (Barrels) - represents the estimated quantities of oil and liquefied natural gas reserves that have a chance of being developed under favorable circumstances.

Natural Gas Reserves, Possible (Cubic Feet) - represents the estimated quantities of natural gas reserves that have a chance of being developed under favorable circumstances.

Natural Gas Reserves, Possible (Cubic Meters) - represents the estimated quantities of natural gas reserves that have a chance of being developed under favorable circumstances.

Number of Patents - represents the number of patents on drug compounds and manufacturing processes held by the company as at the period end.

Number of Patent References (Other) - represents the number of references to this company�s patents by other pharmaceutical/biotech companies in their patent filings.

Number of Products in Phase I - represents the number of products/compounds the company has in Phase 1 clinical trials. Phase 1 clinical trials investigate the safety and proper dose ranges of a product candidate in a small number of human subjects.

Number of Products in Phase II - represents the number of products/compounds the company has in Phase 2 clinical trials. Phase 2 clinical trials investigate side effect profiles and efficacy of a product candidate in a large number of patients who have the disease or condition under study.

Number of Products in Phase III - represents the number of products/compounds the company has in Phase 3 clinical trials. Phase 3 clinical trials investigate the safety and efficacy of a product candidate in a large number of patients who have the disease or condition under study.

Number of Products Launched - represents the number of products/compounds that have passed Phase 3 clinical trials, received all necessary regulatory approvals and have been launched for sale for the year.

Number of Products in Pre-Registration - represents the number of products/compounds that have passed Phase 3 clinical trials and are awaiting regulatory approval before being launched for sale.

Number of Operating Partnership Units - represents the total number of interests units issued for unit-holders, for ownership in the partnership that controls the REIT. This is similar to the concept of Common Stock in an equity company, and often appears as Minority Interests on the balance sheet of the REIT.

Net Asset Value (NAV) - represents the net �market value� of all of a company�s assets. This includes but is not limited to its properties, after subtracting all its liabilities and obligations. This construct is used for valuation purposes of a REIT. Net Asset Value (NAV) [MRGN] is generally obtained using Net Assets, less liabilities and Preferred Stock.

Gross Asset Value (GNAV) - represents the market value of the net assets of the REIT, before any deductions for deferred tax on revaluation gains.

Triple Net Asset Value (NNNAV) - represents the net asset value when all of the assets and liabilities of the REIT are valued at their respective market values.

Total Number of Units or Properties - represents the total number of units (buildings) or properties controlled by the company as at the end of the period.

Total Square Meters Available for Lease - represents the total amount of space, in square meters, controlled by the company that�s available for lease as at the end of the period.

Total Square Feet Available for Lease - represents the total amount of space, in square feet, controlled by the company that�s available for lease as at the end of the period.

Occupancy Rate of Space Leased - % - represents the percentage of leased space that is occupied by tenants, as at the end of the period.

Occupancy Rate of Space Leased, Total - % - represents the Company level Occupancy Rate of Space Leased, as reported by the company. It shows the percentage of leased space that is occupied by tenants, as at the end of the period.

Average Square Feet Leased - represents the average amount of space per property, in square feet, leased by the company during the period.

Average Square Feet Leased, Total - represents the Company level Average Square Feet Leased per Property, as reported by the company.

Average Square Meters Leased - represents the average amount of space per property, in square meters, leased by the company during the period.

Average Square Meters Leased, Total - represents the Company level Average Square Meters Leased per Property, as reported by the company.

Average Rent per Square Foot - represents the average rent received from tenants per square foot of property controlled by the Real Estate company.

Average Rent per Square Foot, Total - represents Company level Average Rent received from tenants per Square Foot of property, as reported by the company.

Average Rent per Square Meter - represents the average rent received from tenants per square meter of property controlled by the Real Estate company.

Average Rent per Square Meter, Total - represents the Company level Average Rent received from tenants per Square Meter of property, as reported by the company.

Rent Growth (Sequential) - % - represents the percentage increase in rental rates from the previous period.

Rent Growth (Sequential), Total - % - represents the Company level sequential Rent Growth percentage, as reported by the company. It shows the percentage increase in rental rates from the previous period.

Funds from Operations per Share (Basic) - represents Funds from Operations (FFO) divided by the basic weighted average shares for the period. Funds from Operations (FFO) is used by real estate and other investment trusts to define the cash flow from trust operations.

Funds from Operations per Share (Diluted) - represents Funds from Operations (FFO) divided by the diluted weighted average shares for the period. Funds from Operations (FFO) is used by real estate and other investment trusts to define the cash flow from trust operations.

Adjusted Funds from Operations (AFFO) - represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items. Funds from Operations (FFO) is used by real estate and other investment trusts to define the cash flow from trust operations.

Adjusted Funds from Operations per Share (Basic) - represents Adjusted Funds from Operations (AFFO) divided by the basic weighted average shares for the period. AFFO represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items.

Adjusted Funds from Operations per Share (Diluted) - represents Adjusted Funds from Operations (AFFO) divided by the diluted weighted average shares for the period. AFFO represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items.

Funds Available for Distribution (FAD) - represents Funds from Operations (FFO) adjusted for non-real estate depreciation and the effect of straight-line rent, less capital investments in property.

Funds from Operations Payout Ratio - % - represents the dividend payout rate from the Funds from Operations (FFO) for each share. It is obtained using Dividends per Common share divided by Funds from Operations per share.

Funds from Operations Payout Ratio, Total - % - represents the Company level FFO Payout Ratio, as reported by the company. It shows the dividend payout rate from the Funds from Operations (FFO) for each share. It is obtained using Dividends per Common share divided by Funds from Operations per share.

Funds Available for Distribution Payout Ratio - % - represents the dividend payout rate from the Funds Available for Distribution (FAD) for each share. It is obtained using Dividends per Common share divided by Funds Available for Distribution per share.

Funds Available for Distribution Payout Ratio, Total - % - represents the Company level FAD Payout Ratio, as reported by the company. D222It shows the dividend payout rate from the Funds Available for Distribution (FAD) for each share. It is obtained using Dividends per Common share divided by Funds Available for Distribution per share.

Net Operating Income (NOI) - represents the underlying profitability of the operating properties of the REIT/ Real Estate company. Net Operating Income (NOI) [MRGE] is a non-GAAP measure that is generally equivalent to tenant revenues less labor and facility operating costs and management fees.

Fixed Charge Coverage Ratio - represents a measure of leverage of the REIT/ Real Estate company. It is obtained using EBITDA divided by fixed charges. Fixed charges generally include total interest expense, secured debt principal amortization and preferred stock dividends.

Fixed Charge Coverage Ratio, Total - represents the Company level Fixed Charge Coverage Ratio, as reported by the company. It is a measure of leverage of the REIT/ Real Estate company, and is obtained using EBITDA divided by fixed charges.

Number of Company Owned Restaurants - represents the total number of restaurants in operation owned by the company at the end of the period.

Number of Franchised Restaurants - represents the number of restaurants in operation owned by franchisees at the end of the period.

Number of Restaurants, End of Period - represents the total number of restaurants in operation at the end of the period. This includes both company owned and franchised restaurants.

Number of Restaurants Opened - represents the number of new restaurants opened during the period. This includes both company owned and franchised restaurants in all regions. This item includes the net number of restaurants opened during the period � number of restaurants opened, less the number of restaurants closed during the period.

Number of Restaurants Closed - represents the total number of new restaurants closed during the period. This includes both company owned and franchised restaurants in all regions.

Number of Stores per Region - represents the total number of restaurants (both company owned and franchised restaurants) in operation in a specified region as at the end of the period.

Comparable Store Sales Growth, Restaurants, Total - % - represents the Company level Growth in Comparable Store Sales, as reported by the company. It shows the period over period percentage change in total sales of the restaurants that are in operation in for both periods.

Comparable Store Sales Growth, Restaurants - % - represents the period over period percentage change in total sales of the restaurants that are in operation in for both periods. Comparable Store Sales are sales dollars generated by those restaurants that are open for a year or more, and have historical data to compare this year�s sales to the same time-frame in the previous year. It allows for meaningful historical comparison by taking restaurant closings and chain expansions out of the mix.

Comparable Store Sales, Restaurants (Value) - represents the total sales generated by all restaurants in operation in both this and the prior periods. Comparable Store Sales are sales dollars generated by those restaurants that are open for a year or more, and have historical data to compare this year�s sales to the same time-frame in the previous year. It allows for meaningful historical comparison by taking restaurant closings and chain expansions out of the mix.

Operating Margin - % - represents the restaurant-level operating margin. It is obtained using operating income divided by sales, excluding corporate and related expenses.

Operating Margin, Total - % - represents the Company level Operating Margin, as reported by the company.

Average Value per Transaction - represents the average customer check or bill per transaction during the period. This is a measurement of the average revenue earned for every customer transaction. It is obtained using the total revenues earned from customer checks, divided by the total number of transactions during the period.

Average Value per Transaction, Total - represents the Company level Average customer check or bill per transaction during the period, as reported by the company. It is obtained using the total revenues earned from customer checks, divided by the total number of transactions during the period. This is a measurement of the average revenue earned for every customer transaction.

Growth in Average Value per Transaction - % - represents the period over period percentage change in average customer check or bill per transaction. Average customer check represents the average revenue earned for every customer transaction during the period.

Growth in Average Value per Transaction, Total - % - represents the Company level Growth in Average Value per Transaction for the period, as reported by the company. It shows the period over period percentage change in average customer check or bill per transaction.

Growth in Guest Counts - % - represents the period over period percentage change in the total number of guest or customer visits to the restaurants.

Growth in Guest Counts, Total - % - represents Company level Growth in Guest Counts for the period, as reported by the company. It shows the period over period percentage change in the total number of guest or customer visits to the restaurants.

Weighted Average Weekly Sales per Restaurant - represents the weighted average weekly sales per restaurant during the period. One method of calculating Weighted Average Weekly Sales per Restaurant will be to use the total restaurant sales for the period, divided by the total number of days all restaurants were open for the period to obtain a daily sales average; then multiply the daily sales average by seven to obtain the weekly average sales.

Weighted Average Weekly Sales per Restaurant, Total - represents the Company level Weighted Average Weekly Sales per Restaurant during the period as reported by the company.

Number of Stores Opened - represents the total number of new stores opened in all regions during the period. This item includes the net number of stores opened during the period � number of stores opened, less the number of stores closed during the period.

Number of Stores Closed - represents the total number of new stores closed in all regions during the period.

Number of Stores, End of Period - represents the total number of stores operated by the company at the end of the period.

Selling Space, Square Feet (Gross) - represents the total gross footage of all the company�s stores at period end.

Selling Space, Square Meters (Gross) - represents the total gross area, in square meters, of all the company�s stores at period end.

Selling Space, Square Feet (Net) - represents the total net footage of all the company�s stores at period end.

Selling Space, Square Meters (Net) - represents the total net area, in square meters, of all the company�s stores at period end.

Average Store Size (Square Feet) - represents the average size, in square feet, of all the company�s stores at period end. It is obtained using the total square feet of all the stores owned by the company, divided by the total number of stores.

Average Store Size (Square Feet), Total - represents the Company level Average Store Size in Square Feet, as reported by the company. It is obtained using the total square feet of all the stores owned by the company, divided by the total number of stores.

Average Store Size (Square Meters) - represents the average size, in square meters, of all the company�s stores at period end.

Average Store Size (Square Meters), Total - represents the Company level Average Store Size in Square Meters, as reported by the company. It is obtained using the total area (in square meters) of all the stores owned by the company, divided by the total number of stores.

Traffic (Number of Customer Visits) - represents the total number of customer visits to all of the company�s stores during the period.

Comparable Store Sales, Retail, Total - % - represents the Company level Growth in Comparable Store Sales for the period, as reported by the company. It shows the period over period percentage change in total sales of stores in operation in both periods.

Comparable Store Sales Growth, Retail - % - represents the period over period percentage change in total sales of stores in operation in both periods. Comparable Store Sales are sales dollars generated by those stores that are open for a year or more, and have historical data to compare this year�s sales to the same timeframe in the previous year. It allows for meaningful historical comparison by taking store closings and chain expansions out of the mix.

Comparable Store Sales, Retail (Value) - represents the total sales generated by all stores in operation in both this and the prior periods. Comparable Store Sales are sales dollars generated by those stores that are open for a year or more, and have historical data to compare this year�s sales to the same timeframe in the previous year. It allows for meaningful historical comparison by taking store closings and chain expansions out of the mix.

Merchandise Margins - % - represents the percentage profit margin on product sales achieved during the period. It is generally the same as gross profit margin %, but some companies call this merchandise margin.

Merchandise Margins, Total - % - represents the Company level Merchandise Margins, as reported by the company. It shows the percentage profit margin on product sales achieved during the period. It is generally the same as gross profit margin %, but some companies call this merchandise margin.

Retail Sales - represents the total value of sales at retail locations (physical stores) during the period.

Catalog Sales - represents the total value of sales revenues earned by the company through catalogs (mail order) during the period.

Online Sales - represents the total value of sales generated over the Internet during the period.

Average Sales per Store - represents the average sales per store during the period. It is obtained using the total revenues earned from store sales, divided by the total number of stores during the period.

Average Sales per Store, Total - represents the Company level Average Sales per Store during the period, as reported by the company. It is obtained using the total revenues earned from store sales, divided by the total number of stores during the period.

Average Sales per Square Foot - represents the average sales-per-foot of retail space. It is obtained using the total revenues earned from store sales, divided by the total area of retail space (in square feet) during the period.

Average Sales per Square Foot, Total - represents the Company level Average sales-per-foot of retail space, as reported by the company. It is obtained using the total revenues earned from store sales, divided by the total area of retail space (in square feet) during the period.

Average Sales per Square Meter - represents the average sales-per-square meter of retail space. It is obtained using the total revenues earned from store sales, divided by the total area of retail space (in square meters) during the period.

Average Sales per Square Meter, Total - represents the Company level Average Sales-per-square meter of retail space, as reported by the company. It is obtained using the total revenues earned from store sales, divided by the total area of retail space (in square meters) during the period.

Average Rental Expense per Square Foot - represents the average rental expense-per-square foot of retail space. It is obtained using the total rental expenses incurred for store operations, divided by the total area of retail space (in square feet) during the period.

Average Rental Expense per Square Foot, Total - represents the Company level Average Rental Expense-per-square foot of retail space, as reported by the company. It is obtained using the total rental expenses incurred for store operations, divided by the total area of retail space (in square feet) during the period.

Average Rental Expense per Square Meter - represents the average rental expense-per-square meter of retail space. It is obtained using the total rental expenses incurred for store operations, divided by the total area of retail space (in square meters) during the period.

Average Rental Expense per Square Meter, Total - represents the Company level Average Rental Expense-per-square meter of retail space, as reported by the company. It is obtained using the total rental expenses incurred for store operations, divided by the total area of retail space (in square meters) during the period.

Average Rental Expense per Store - represents the average rental expense incurred per store during the period. It is obtained using the total rental expenses incurred for store operations, divided by the total number of stores during the period.

Average Rental Expense per Store, Total - represents the Company level Average Rental Expense incurred per store during the period, as reported by the company. It is obtained using the total rental expenses incurred for store operations, divided by the total number of stores during the period.

Value of Bookings - represents the total value of new orders received by the company during the period.

Value of Backlog - represents the total order backlog of the company as of the end of the period.

Book to Bill Ratio - represents the ratio of the total orders received from the company�s customers to the total orders that have been shipped. A book-to-bill ratio greater than 1 indicates a company has more orders than it can deliver, while a ratio less than 1 indicates a company has fewer orders than it can deliver.

Book to Bill Ratio, Total - represents the Company level Book to Bill Ratio as reported by the company. It shows the ratio of the total orders received from the company�s customers to the total orders that have been shipped.

Unqualified with Explanation - Is an Unqualified opinion but includes comments by the auditors on matters they feel are important to the understanding of the financial statements or their audit. May cover one of the following explanatory issues:

Qualified - A departure from GAAP or the performance of an incomplete audit due to scope restrictions imposed by the client or by circumstances precludes the Auditor from issuing a non-qualified opinion. In this instance, the Auditor's opinion paragraph will include the appropriate qualifying language.

Disclaimer of Opinion (no opinion) - When a material uncertainty exists and the auditor believes that it so pervasive as to not be adequately communicable by the use of an explanatory emphasis paragraph, the auditor will issue a Disclaimer, stating that they are unable to form an opinion on the financial statements. They will also issue a disclaimer if there is a significant restriction on their audit scope, whether or not client-imposed.

Adverse Opinion - This type of opinion is used when there is an unjustified departure from GAAP, and the effect is major. It is also used for failure to comply with disclosure standards (not affecting the amounts reported in the financial statements).

Unaudited - Financial Statements which have not undergone a detailed Audit examination by an independent Certified Public Accountant (CPA).

Reclassified Income Statement - An income statement reporting period is "reclassified" if net income before extraordinary items, accounting changes and/or discontinued operations remains the same, but the values of other line items within the period change.

Restated Balance Sheet - A balance sheet is "restated" if total assets and total liabilities + stockholders' equity changes. Note that most restatements are routine and not the result of error.

Reclassified Balance Sheet - A balance sheet is "reclassified" if total assets and total liabilities + stockholders' equity remains the same but the values of other line items in these sections change.

Restated Cash Flow - A cash flow reporting period is "restated" if the net change in cash changes or if net income changes. Note that most restatements are routine and not the result of error.

Reclassified Cash Flow - A cash flow reporting period is "reclassified" if the net change in cash remains the same but other line items - excluding net income - in the cash flow statement change.

Superseded Periods - A reporting period may be "superseded" if new financial statements contain information which make previously-issued data obsolete. For example, because of a decision to dispose of an operation in the 3rd quarter a company will treat this operation as "discontinued" and its 1st and 2nd quarter financials will eventually be restated. When the company issues its 3rd quarter results it will also generally include a 9-month income statement, thus in this instance the previous 2 quarter's information is "superseded" by the new 9-month statement.

© 2024 Refinitiv. All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. Use, duplication, or sale of this service, or the data contained herein, except as described in the CreditRiskMonitor Subscription Agreement, is strictly prohibited. Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions taken in reliance on such content. Refinitiv and the Refinitiv logo are trademarks of Refinitiv and its affiliated companies. To inquire about the source of a specific element of data, or for more information about our Terms of Use, please contact your Account Manager or email info@CreditRiskMonitor.com

Detail forms - Use the detail forms to enter any combination of Balance Sheet, Income Statement and Statement of Cash Flow in a standardized and complete format that allows for a more comprehensive analysis. To generate a score, make sure you enter at least a Balance Sheet and an Income Statement for the same period.

Shortcut form - Use the Shortcut form to enter a select number of key Balance Sheet and Income Statement values that allow for the calculation of Z" and FRISK� scores.

CreditRiskMonitor adds companies, on request, when users of the Confidential Financial Statement tool fail to find a specific subject company in the CreditRiskMonitor database.

The goal is to verify and add new companies to the database so that users can attach a confidential financial statement to the company record.

Please use the "Send Inquiry" menu item in the Lookup section of the website, select "I want to enter confidential financials for a business I can't find in your database" and provide as much information as possible. This will help us to respond more quickly.

Note that all of the above relates only to business identification. CreditRiskMonitor does not perform "on-demand credit investigations." All CreditRiskMonitor reports are produced immediately from our data files.

The purpose of the "Credit Limit Ranges" is to help rank a requested credit limit value against a distribution of relevant credit limits. The distribution of relevant credit limits is determined in two ways: