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domestic residential package services, in addition to pricing initiatives throughout all transportation segments, fueled increased operating results. billion in revenue on an adjusted (non-GAAP) basis. FedEx reported on Friday (Dec. 18) as part of its Q2 fiscal 2021 earnings that higher volumes in international priority and U.S.
The difference between cost of goods sold and ordinary business expenses is well defined in Generally Accepted Accounting Principles (GAAP) but routinely ignored by small business bookkeeping services. Even worse, an IRS income tax return does not follow the same rules as GAAP. Transportation costs.
For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842. In addition, global companies need the flexibility to comply and report according to multiple accounting standards. For revenue recognition, they also must comply with ASC 606 and IFRS 15.
The Atlanta-based transportation giant reported that its second-quarter consolidated revenue increased to $20.5 GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 In the prior-year period, GAAP results included a pre-tax charge for transformation costs of $21 million, equivalent to $0.02 billion , up 13.4
One transportation and materials handling customer was struggling with trying to create a business budget that was precise enough to accurately manage the organization’s operational and financial needs. Prior to Planning Maestro I’d have a spreadsheet with 20 tabs, all of which were linked to a GAAP-based P&L on the first tab.
As measured on a GAAP basis, revenues in the United States and Canada were up 41 percent, to $2.5 The CEO said, too, that the company will continue to invest in other transportation businesses such as scooters and bikes. Data provided by the company show that trips for the full year were up 32 percent, to 6.9
All in, United Airlines reported an adjusted $7 Non-GAAP loss per share on operating revenue of $3.41 That's often made us appear more pessimistic and that's perhaps still true today, but being realistic instead of either optimistic or pessimistic has given us a clear advantage,” CEO Scott Kirby said on a call with analysts.
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