Detailed Net Income to NOPAT Reconciliation with Line Item Sums & Counts
Deeper, line item level details on the adjustments featured in the HBS & MIT Sloan Paper. Get the number of adjustments that increase & decrease NOPAT by category along with their gross value.
GAAP Net Income
+ 11 Categories of Non-Operating Expense Hidden in Operating Earnings, separated by increases & decreases with counts of both
+ 14 Categories of Reported Net Non-Operating Expense, separated by increases & decreases with counts of both
+ Change in Total Reserves
+ Goodwill Amortization
- ESO Expense (Employee Stock Options)
+ Interest for PV of Operating Leases
+ Non-Operating Tax Adjustments
+ 5 Categories of Net After-Tax Non-Operating Expense/Income, separated by increases & decreases with counts of both
= NOPAT (Net Operating Profit After Tax)