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Archives
Operating Cash Flow
Surplus cash generated from company’s basic operations without regard to income tax entries such as depreciation and amortization. Changes in levels of inventories, accounts receivable and accounts payable also affect cash flow. Also see Free Cash Flow.
Operating Earnings
Not the same as operating income. See pro forma earnings.
Operating Income
Sales minus all expenses except income taxes and other items not related to basic business.
Operating Margin
Operating income divided by sales.
Option Class
All options of the same type, either calls or puts, that have the same underlying security.
New Listing
A security issue that is newly added to the list of tradable security issues of an exchange. It is accompanied with a new listing date.
Non-Certificated Issues
An issue that is recorded on the transfer agent’s electronic book rather than being held as a physical note.
Non-Exempt Issuer
A listed issuer that is subject to special reporting rules.
Non-Net Order
A special-term order when there is a clear understanding between the buying and selling parties that they will settle the trade directly with each other.