CFO News Room

NOVEMBER 23, 2022

After a few other job roles, he became UK finance director at taxi transport and technology company Gett in 2018. This meant everyone felt empowered to make the appropriate decisions to drive the company’s profitability”. “By “You have to enable your function to work alongside the business to be successful.” .

Finance 130

Finance Profit and Loss Construction Transportation 130

PYMNTS

AUGUST 8, 2019

Big tech, big bets and big profits. Individual gains and losses are hard to ascertain, and commentary mentions certain holdings as contributing to overall unrealized results. That 408 billion yen, net, comes in contrast to SoftBank’s filing that unrealized losses from companies such as Uber totaled 195.3 billion yen ($3.9

Profit and Loss 51

Profit and Loss Valuation Transportation Investments 51

PYMNTS

JANUARY 3, 2021

Citing industry analysts, CNBC reported that Southwest, Delta and Alaska are likely to return to profitability during the course of 2021. Looming over any plan for airlines to return to profitability is the question of whether business travelers will return to the air. According to the recent post, U.S.

Forecasting 72

Forecasting Planning Marketing Transportation 72

Future CFO

FEBRUARY 12, 2024

The transportation sector was one of the worst hit by the pandemic. Present in over 500 cities across the eight Southeast Asian markets, Grab now operates more than just a transportation service. billion from $675 million a year earlier, narrowing the company's loss by 51% to $1.74 In 2022, total revenue grew 112% to $1.43

Transportation 98

Transportation Profit and Loss Healthcare Banking 98

Future CFO

JANUARY 2, 2024

The company reported a post-tax profit of RM1.146 billion for the fourth quarter of 2022, its best-ever quarter performance in the past two decades, according to its group chief financial officer Boo Hui Yee. billion at the end of December 2022, and the full-year net loss after interest and tax dropped 79% to RM344 million from RM1.65

Restructuring 98

Restructuring Profit and Loss Transportation Currencies 98

CFO News Room

JANUARY 28, 2023

Retail diesel prices soared to an all-time high of $5.816 a gallon last June 19, part of the big run-up in energy costs following Russia’s invasion of Ukraine that strained transportation budgets and fed inflationary pressures.

Profit and Loss 100

Profit and Loss Transportation Marketing Budgeting 100

CFO Share

AUGUST 5, 2021

In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. Transportation costs. Losses under section 165 (fire, storm, theft, etc.). Multiply your tax rate to your forecasted Gross Profit. According to IRS memorandum no. Other distribution expenses, such as rent.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

PYMNTS

FEBRUARY 6, 2020

The ride-hailing giant, extending its platform model into adjacent businesses such as freight and food delivery, is aiming to deliver a profit earlier than might have been anticipated — as in, the end of this year. Indicating at least some progress toward profits, the company’s net loss for the fourth quarter was $1.1

Sales 72

Sales Profit and Loss GAAP Transportation 72

PYMNTS

AUGUST 12, 2019

Uber shares have hit their lowest level ever following devastating Q2 losses of $5.2 The company blamed the Q2 results on stock-based compensation costs, and the company said it had a per share loss of $4.72 CEO Dara Khosrowshahi said that the losses were “once-in-a-lifetime.” billion, according to a report by CNBC.

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Profit and Loss Transportation Numbers Marketing 53

PYMNTS

MAY 10, 2019

Lyft, of course, is making its bed with transportation, for good or for ill, and Uber has been branching out in an effort to find ancillary revenue streams, such as with food delivery. Losses, though, are losses across that model, evidenced by the latest showings for Lyft, which logged $1.1

Profit and Loss 61

Profit and Loss Transportation Healthcare Valuation 61

PYMNTS

MARCH 18, 2019

The company offers transportation through established taxi systems rather than the minicab model used by Uber and Lyft, and it expects to become profitable later this year. Waiser said he considered listing after noticing that Lyft was going to continue to float its initial public offering (IPO) despite losses. million there.

Profit and Loss 46

Profit and Loss Valuation Transportation Sales 46

PYMNTS

NOVEMBER 5, 2019

Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. The company is expected to officially announce the loss on Thursday (Nov. billion yen loss on Lyft from the previous quarter. The company said it expects to lose 103 billion yen ($947 million) in the latest quarter due to its Lyft investment.

Profit and Loss 43

Profit and Loss Transportation Investments 43

PYMNTS

MAY 26, 2020

Shares rose to $138 Hong Kong dollars ($17.80) following a decrease in the first quarter that wasn’t as sharp as the company predicted, and a net loss of 1.58 million yuan ($221,000) after three profitable quarters in a row.

Profit and Loss 56

Profit and Loss Valuation Transportation Numbers 56

PYMNTS

MAY 8, 2019

million in the first quarter or year ago, and losses were $1.1 Adjusted results (backing out stock compensation, for example) still showed losses to the tune of $211 million, which translated to a bit more than $9 a share. Analysts had expected revenues of $740 million and losses of $3.77 trillion and of that $1.2

Profit and Loss 43

Profit and Loss Transportation Forecasting CFO 43

PYMNTS

SEPTEMBER 3, 2019

For the second quarter of 2019 , Uber reported a net loss of $5.24 CEO Dara Khosrowshahi said the losses were “once-in-a-lifetime.” However, investors are still unsure whether the company, or ride-hailing services in general, can be profitable. They’ve got to be that A-to-Z for transportation,” Tusk said last month.

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Profit and Loss Transportation Securities Marketing 44

PYMNTS

MARCH 6, 2020

Manufacturing, mining, wholesale and retail trade, and transportation and warehousing saw little change in employment for the month, the BLS said. From December to January, retail trade noted a loss of 8,300 jobs — a month after the December holiday hiring season. Payroll services firm ADP Inc.

Retail 60

Retail Profit and Loss Manufacturing Construction 60

PYMNTS

NOVEMBER 18, 2019

“This development reinforces Gett’s strategy to build a profitable company focused on the corporate transportation sector, a market worth $1 trillion each year,” said Gett CEO Dave Waiser. We are focusing on reaching operational profitability globally already next month in December,” he said. “We

Profit and Loss 40

Profit and Loss Transportation Valuation Planning 40

PYMNTS

NOVEMBER 18, 2019

“This development reinforces Gett’s strategy to build a profitable company focused on the corporate transportation sector, a market worth $1 trillion each year,” said Gett CEO Dave Waiser. We are focusing on reaching operational profitability globally already next month in December,” he said. “We

Profit and Loss 40

Profit and Loss Transportation Valuation Planning 40

PYMNTS

MAY 31, 2019

Say hello to the marriage of digital advertising and ride-hailing — and it seems, more potential for a bigger payday for those gig workers who provide that form of transportation. Firefly’s screens earn the average driver an additional $300 per month, the company claims, or roughly 20 percent more profit.”. At the other extreme, 44.4

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Profit and Loss Advertising Transportation Numbers 49

Musings on Markets

SEPTEMBER 19, 2023

In the first, I will look at the grocery business, both in terms of growth and profitability of grocery stores, since Instacart, as an intermediary in the business, will be affected by grocery business fundamentals. On the profitability front, the grocery business operates on slim margins, at every level.

Profit and Loss 126

Profit and Loss Valuation Advertising Investments 126

PYMNTS

FEBRUARY 19, 2019

XPO Logistics, one of the world’s largest transportation and warehouse operation companies, is looking for a buyer for $1 billion worth of bonds to refinance its debt following the loss of its biggest customer, which Wall Street analysts say is Amazon. The company is also dealing with decreased demand for its services in Europe.

Profit and Loss 46

Profit and Loss Transportation eCommerce Forecasting 46

PYMNTS

AUGUST 7, 2019

The transportation company reported results Wednesday (Aug. 7) that topped expectations amid narrowing losses. The adjusted loss per share was better than Wall Street had seen, too, at 68 cents, while the Street had forecast $1 a share in losses. million, better than the $809.4 million Wall Street expected.

Profit and Loss 43

Profit and Loss Marketing Transportation Forecasting 43

VCFO

MARCH 17, 2023

That’s because inventory is a key driver of several profit & loss (P&L) statement components, from revenue all the way down to net profit. raw material, inbound freight, internal transport costs) All conversion costs (e.g., A key measure in this area is the Finished Goods Inventory Cost.

Manufacturing 70

Manufacturing Forecasting Profit and Loss Benchmarking 70

PYMNTS

JUNE 8, 2018

Businesses have long played war games (certain veterans might take issue with the use of “war” to describe issues related to profit and loss, but capitalist society long ago embraced the idea that “business is war”). How much value is destroyed by the loss of sensitive business plans depends on the ability to adjust tactics quickly.”.

Profit and Loss 60

Profit and Loss Communication Transportation Leverage 60

PYMNTS

JUNE 13, 2019

Lyft , of course, has set its sights on transportation. We are believers in the long-term potential of these marketplaces, but risks such as unclear pathway to profitability and the debate around gig economy workers labeled as 1099-contractors would likely weigh on near-term post-IPO performance.”. million, an improvement over the $16.3

Profit and Loss 49

Profit and Loss Transportation Advertising Leverage 49

Bramasol

SEPTEMBER 10, 2023

Fraud Detection and Security : AI and machine learning models are key for fraud detection in subscription-based services, protecting both businesses and customers from unauthorized access and financial losses. This enables customers to build an end-to-end data cloud for seamlessly transporting data across the enterprise landscape.

SAP 82

SAP B2C B2B Microsoft Office 82

PYMNTS

NOVEMBER 5, 2020

I think we are seeing a distinct possibility that delivery could grow up to be as significant as transportation as the crisis has introduced new customers into the segment at a velocity we could not have anticipated. Specifically, Khosrowshahi was asked if he thought delivery would ever surpass transportation as Uber’s core business. “I

Profit and Loss 49

Profit and Loss Transportation Marketing Numbers 49

PYMNTS

AUGUST 16, 2018

. “In terms of profit, this has been a quarter that Walmart would rather forget,” Saunders said. billion loss from the sale of 80 percent of Walmart Brazil pushed the company into the red by $861 million. “Operating income fell by 3.7 percent, a relatively weak outcome. At the net level, a $4.5

Profit and Loss 40

Profit and Loss Restructuring eCommerce Forecasting 40

PYMNTS

MARCH 7, 2018

25 percent | Percentage of no-show customers who are tied to a lack of transportation , according to Susan Jepson, co-founder of Hitch Health. Any business would hit a speed bump — not to mention a revenue and profit bump — when customers don’t show up. billion in industry investments.

Profit and Loss 40

Profit and Loss Healthcare Transportation Startups 40

PYMNTS

SEPTEMBER 18, 2019

Optimism can be so fleeting and fragile, especially when it comes to revenue, growth and profit. The story for the ride-hailing operation back then was about moving into new markets — not only new geographies but newer forms of transportation such as scooters — and having all that action fuel continued growth.

Transportation 43

Transportation Profit and Loss Forecasting CFO 43

The Charity CFO

DECEMBER 27, 2023

However, small nonprofits may not have access to the same resources as for-profit businesses or large nonprofits. Familial leave policies, such as maternity and paternity leave, paid bereavement for loss of a pregnancy, and allowing new parents to step away from work and focus on their new child.

Nonprofit 52

Nonprofit Budgeting Profit and Loss Transportation 52

Global Finance

MAY 8, 2024

Lending rates followed central bank tightening moves, while deposit rates lagged; and across the region, there were some record profits. In Japan, profits at the country’s five most prominent banking groups leapt 56% to a record ¥2 trillion (about $12.6 billion after-tax profit versus $8.3 of E.Sun’s overall profit.

Banking 52

Banking Profit and Loss Construction Retail 52

Future CFO

DECEMBER 18, 2020

There has been increased demand over the loss and alternative risk share structures in the multi debtor space, a trend we expect to see continue beyond the crises. Reality is showing us that profitability is no longer a target, and in the absence of such, how can we be assured of liquidity. The business chain is broken.

Marketing 52

Marketing Profit and Loss Credit Risk Finance 52

PYMNTS

AUGUST 16, 2018

Uber continues to bleed money, and that’s raising fresh questions about whether those losses might lead the company to abandon its efforts at developing self-driving vehicles. The ride-sharing technology provider managed to trim its loss in the second quarter of 2018 , to $891 million from the $1.1 Self-Driving Losses?

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Profit and Loss Startups Technology Transportation 40

PYMNTS

AUGUST 16, 2018

Uber continues to bleed money, and that’s raising fresh questions whether those losses might lead the company to abandon its efforts at developing self-driving vehicles. The ride-sharing technology provider managed to trim its loss in the second quarter of 2018 , to $891 million from the $1.1 Self-Driving Losses? Waymo Concerns.

Profit and Loss 40

Profit and Loss Startups Technology Transportation 40

Future CFO

SEPTEMBER 22, 2024

Early in my career as a Product Manager, I recognised the importance of understanding the financials behind the products I was managing, particularly the product profit and loss statements. Jo-ann Chung (JC): My interest in product strategy actually led me to pursue a degree in accounting.

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Profit and Loss Leadership Accounting Transportation 52

PYMNTS

MAY 4, 2016

Sure, a business’ need to transport goods from point A to point B is as old as trade and commerce itself. In this case, it’s all about protecting against any loss of profits and upping efficiency of the spending a fleet manager is already doing, said Higdon.

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Profit and Loss Transportation Invoicing Education 40