Non operating income.

So these assets might be generating non operating income.

Then whatever this generates is actually non operating income.

But this is the difference between operating income and EBlT.

Because some of income might be generated from non operating assets.

And in all these scenarios it tells me my operating income.

EBlT in this case would be the operating profit plus this investment income.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

In this scenario, this is the income statement, at least as far as we get to the operating income line.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

And I won't go into all of the details of an income statement, but any income statement you look at will have this operating profit line.

And so their operating profit, the amount of pre tax income, but you know, we're not considering financing either, so this is their operating profit or their EBlT.

Operating System

Operating system

So it's 50 utilization and then, my return on asset is my operating income divided by my initial investment, right?

So operating profit.

I see the memory operating, I see the CPU operating,

I hear it operating. I probably smell it operating. (Laughter)

Ordinary for me.

You have my respect for your ability to see your own enterprise from the outside and for operating within ordinary human and moral limits.

So EBlT, in the case that I just added some investment income, would be 1,010,000, while operating profit would be 1 million.

I want to talk about something really ordinary. Just ordinary sand.

I want to talk about something really ordinary, just ordinary sand.

Choose Your Operating System

RPC Modern operating systems

RAP Older operating systems

So their operating profit.

This was operating profit.

RANDALL Operating right now.

What's your operating number?

And you don't know what is operating, but something is operating there.

So low income here, high income there.

These aren't ordinary strawberries.

There are ordinary heroes.

Perfectly ordinary scientific paper.

It's no ordinary wound!

They're not ordinary hunters.

Investment income.

I was an ordinary healthy guy, and she was an ordinary healthy girl.

What's a moral operating system?

So this is operating profit.

The General Arithmetic Operating Logs.

And what about operating costs?

No, they'll just keep operating.

We have the operating environment.