Estimates

Basic EPS Including Extraordinary Items represents Income Available to Common Stocks Including Extraordinary Items divided byBasic Weighted Average Shares.

Basic Normalized EPS represents Normalized Income Available to Common divided by Basic Weighted Average Shares.

Basic Weighted Average Shares represents the weighted average common shares outstanding less the dilution of stock options for a given period. These shares are used to calculate Basic EPS.

Beta is a measure of a company's common stock price volatility relative to the market. Thomson Reuters Beta is the slope of the 60 month regression line of the percentage price change of the stock relative to the percentage price change of the local index

This is the quoted bid, or the highest price an investor is willing to pay to buy a security. Practically speaking, this is the available price at which an investor can sell shares of stock.

Book to Bill Ratio, Total represents the Company level Book to Bill Ratio as reported by the company. It shows the ratio of the total orders received from the company’s customers to the total orders that have been shipped.

This is defined as Common Shareholder's Equity divided by the Shares Outstanding at the end of the most recent fiscal year. Book Value is the Total Shareholder's Equity minus Preferred Stock and Redeemable Preferred Stock.

This is defined as the Common Shareholder's Equity divided by the Shares Outstanding at the end of the most recent interim period. Book Value is the Total Shareholder's Equity minus Preferred Stock and Redeemable Preferred Stock.

Breakeven Load Factor, Total - % represents the Company level Breakeven Load Factor as reported by the company.

Broker-Dealers are usually trading facilitators rather than investors. Included in this group are sell-side research firms with broker operations, NYSE and Nasdaq trading desk positions of investment banks, investment banking client desks that execute buyback programs on behalf of corporations, private client firms that essentially act as custodians for high net worth individuals, and brokers that sell unit investment trusts or exchange traded products.

Building – Gross represents the gross amount of buildings and their attachments, before being reduced by accumulated depreciation of the buildings. Building – Gross includes:
Properties (residential, commercial, office) for rent in a real estate rental company
Leased property under finance lease, including leasehold improvements on it, for own use.

An analyst recommendation to purchase a stock, generally indicating that the stock should outperform other comparable stocks.

Capital Expenditures represents the sum of:
Purchase of Fixed Assets
Purchase/Acquisition of Intangibles
Software Development Costs.

Capital Lease Obligations represents the portion of lease obligations capitalized that are due beyond one year. Properties under lease may be capitalized when the lease period of certain asset is substantially close to the useful life of the asset. When such lease obligations are capitalized, the related asset is recorded as an asset of the company and subject to depreciation.

Standardized Capital Lease Payments Due in Years 2 and 3 represents the summation of Standardized Capital Lease Payments Due in Year 2 and Standardized Capital Lease Payments Due in Year 3.

Standardized Capital Lease Payments Due in Years 4 and 5 represents the summation of Standardized Capital Lease Payments Due in Year 4 and Standardized Capital Lease Payments Due in Year 5.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

Standardized Capital Lease Payments Due in Year 6 and Beyond represents Total Capital Leases, Supplemental less Standardized Capital Lease Payments Due within 1 Year, Standardized Capital Lease Payments Due in Year 2, Standardized Capital Lease Payments Due in Year 3, Standardized Capital Lease Payments Due in Year 4 and Standardized Capital Lease Payments Due in Year 5.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

These values represent the amount of capital lease payments due in a specified year following the balance sheet period end date. These values are non-cumulative. If a company presents their capital lease payments in ranges instead of individual years, each range is divided out and the resulting amounts are distributed evenly across the years in the range.

Cash represents cash on hand, balances on demand deposits, and near-term savings and time deposits. These should be readily available for use and must be free from any contractual restrictions that limit their use in satisfying debts and other operational cash needs. When cash includes short-term investments and deposits, it is classified as Cash and Equivalents rather than as Cash.

Cash & Due From Banks represents cash on hand and due from banks. Due from banks represents receivables from, or short-term loans to, other banks and/or financial institutions, which usually bear minor interest earnings.

Cash and Equivalents represents short-term, highly liquid investments that are both readily convertible to known amounts of cash and so close to their maturity that they present insignificant risk of changes in interest rates. Only investments with original maturities of three months or less qualify under these definitions. When cash is delineated separately it is classified as Cash, rather than as Cash and Equivalents.

This is the Total Cash plus Short Term Investments divided by the Shares Outstanding at the end of the most recent fiscal year.

This is the Total Cash plus Short Term Investments divided by the Shares Outstanding at the end of the most recent interim period.

Cash and Short-Term Investments is the sum of:
Cash
Cash & Equivalents
Short-Term Investments.

Cash Dividends Paid – Common represents cash dividends paid to common stockholders. This amount may be different from the dividends declared in the same period.

Cash Dividends Paid – Preferred represents cash dividends paid to preferred stockholders. This amount may be different from the preferred dividends declared in the same period.

This is Cash Flow for the most recent fiscal year divided by the Average Shares Outstanding for the same period. Cash Flow is defined as the sum of Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.

This is Cash Flow for the most recent interim period divided by the Average Shares Outstanding for the same period. Cash Flow is defined as the sum of Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.

This value is the trailing twelve month Cash Flow divided by the trailing twelve month Average Shares Outstanding. Cash Flow is defined as the sum of Income After Taxes minus Preferred Dividends and General Partner Distributions plus Depreciation, Depletion and Amortization.

Cash From Financing Activities represents the sum of:
Financing Cash Flow Items
Cash Dividends Paid
Issuance (Retirement) of Stock, Net
Issuance (Retirement) of Debt, Net.

Cash From Investing Activities represents the sum of:
Capital Expenditures
Other Investing Cash Flow Items, Total.

Cash From Operating Activities represents the sum of:
Net Income/Starting Line
Depreciation/Depletion
Amortization
Deferred Taxes
Non-Cash Items
Cash Receipts
Cash Payments
Cash Taxes Paid
Cash Interest paid
Changes in Working Capital.

Cash Interest Paid represents interest paid in cash during the period. Cash Interest Paid is utilized when the Direct Method is employed for the operating section of the cash flow statement. When a company uses the Indirect Method, this information is classified as Cash Interest Paid and compiled in the supplemental section of the cash flow statement.

Cash Payments represents total cash disbursements for operating activities such as purchase of materials or merchandise, payments of salaries to employees, etc. Because Cash Payments indicates cash disbursements during the period, it may be slightly different from operating expenses of a company. Cash Payments is utilized when the Direct Method is employed for the operating section of the cash flow statement.

Cash Receipts represents total cash receipts from the sale of merchandise, delivery of services, or from any other operating activity. Because Cash Receipts indicates cash receipts during the period, it may be slightly different from the revenue of a company according to the Income/Expense Matching Accounting Principle. Cash Receipts is derived from total revenue, adjusted by changes in accounts receivable. Cash Receipts is utilized when the Direct Method is employed for the operating section of a cash flow statement.

Cash Taxes Paid represents taxes paid in cash. Cash Taxes Paid is utilized when the Direct Method is employed for the cash flow statement. When a company uses the Indirect Method, this information is classified as Cash Taxes Paid and compiled in the supplemental section of the cash flow statement.

Catalog Sales represents the total value of sales revenues earned by the company through catalogs (mail order) during the period.

This shows the change in price of a security from the previous day's closing price. For instance, -1 1/8 means the security has fallen $1.12.

Changes in Working Capital represents the sum of:
Loan Loss Provision (for banks)
Accounts Receivable (for insurance companies, industrial companies and utility companies)
Prepaid Expenses (for insurance companies and utility companies)
Other Assets (for banks, insurance companies and utility companies)
Accounts Payable (for insurance companies, industrial companies and utility companies)
Accrued Expenses (for insurance companies, industrial companies and utility companies)
Payable/Accrued (for banks, insurance companies, industrial companies and utility companies)
Taxes Payable (for banks, insurance companies, industrial companies and utility companies)
Other Liabilities (for banks, insurance companies, industrial companies and utility companies)
Other Assets & Liabilities, Net (for banks, insurance companies, industrial companies and utility companies)
Investment Securities, Gains/Losses (for banks and insurance companies)
Loans, Gains/Losses (for banks)
Other Real Estate Owned (for banks)
Sale of Loans (for banks)
Loss Adjustment (for insurance companies)
Policy Benefits/Liabilities (for insurance companies)
Deferred Policy Acquisition Costs (for insurance companies)
Policy Refunds (for insurance companies)
Reinsurance Receivable (for insurance companies)
Reinsurance Payable (for insurance companies)
Insurance Reserves (for insurance companies)
Unearned Premiums (for insurance companies)

Claims Reserves represents the provisions set apart for future claims, as at the end of the period. The claims reserves include:
Incurred but not reported claims
Received but unprocessed claims
Reserves for loss adjustment expenses.

Click Rate, Total - % represents the Company level Click Rate, as reported by the company. It shows the frequency an advertisementdownloaded with a webpage, is clicked on. This is obtained using the number of clicks on an ad on a webpage, divided by the total number of times that the ad was downloaded with a page.

Combined Ratio, Total - % represents the Company level Combined Ratio, as reported by the company. It shows the combination of the loss ratioand the expense ratio, and is an indicator of the operational profitability of an insurance company.

Combined Ratio, Total - % represents the Company level Combined Ratio, as reported by the company. It is the sum of the Loss ratio, LAE (LossAdjustment Expenses) ratio, and Underwriting Expense and Policyholder dividends to premiums ratio. It is a measure of the efficiency of the company.

Commercial Paper represents short-term unsecured promissory notes issued to customers. This is generally discounted by customers. It includes Bankers’ acceptances, bank overdrafts, drafts payable, demand notes payable.

Commissions/Fees From Securities Activities represents commissions and fees earned from security financing activities.syndication and similar activities.

Shares held in a public company that give holders of those shares voting rights and the right to receive dividends when they are declared by the board of directors. In general, there are two types of shares, common and preferred stock. Common stock holder

Common Stock represents the most frequently issued class of stock; usually it provides a voting right, but is secondary to preferred stock in dividend and liquidation rights. Common stockholders generally control the management of the corporation and tend to profit most if the company is successful, but are guaranteed neither dividends nor assets upon dissolution of their shares.

Common Stock, Net represents the sum of Sales/Issuance of Common and Repurchase/Retirement of Common.

Common Stock, Total represents the sum of Common Stock and Limited Partner, where a company is either a limited partnership or stockholding.

A corporation or a limited partnership with publicly traded stock.

Comparable Store Sales Growth, Restaurants, Total - % represents the Company level Growth in Comparable Store Sales, as reported by the company. It shows the period over period percentage change in total sales of the restaurants that are in operation in for both periods.

Comparable Store Sales Growth, Retail, Total - % represents the Company level Growth in Comparable Store Sales for the period, as reported by the company. It shows the period over period percentage change in total sales of stores in operation in both periods.

Comparable Store Sales, Restaurants (Value) represents the total sales generated by all restaurants in operation in both this and the prior periods.

Comparable Store Sales, Retail (Value) represents the total sales generated by all stores in operation in both this and the prior periods.

Projected increase in salaries used in calculation of future benefit obligations for plans based in the company’s home country.

Compensation Rate – Domestic represents the projected increase in salaries used in calculation of future benefit obligations for plans based in the company’s home country.

Projected increase in salaries used in calculation of future benefit obligations for plans based in countries other than the company’s home country.

Compensation Rate – Foreign represents the projected increase in salaries used in calculation of future benefit obligations for plans based in countries other than the company’s home country.

Projected increase in salaries used in calculation of future benefit obligations for Post-Retirement plans.

Compensation Rate - Post-Retirement represents the projected increase in salaries used in calculation of future benefit obligations for Post-Retirement plans.

Construction in Progress – Gross represents the cost of construction in progress of fixed assets for a company’s own use. The cost of construction in progress is normally not depreciated until the fixed assets are completed and placed in production.

Consumer Electronics represents the consumer electronics industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the consumer electronics industry, reported by the company.

Convertible Preferred Stock – Non-Redeemable represents preferred stock that is not redeemable but convertible to common stock with certain conditions.

Copper Production (Metric Tons) captures the total production volume of Copper by the mining company in Metric Tons, during the specified period of time.

Copper, Average Price per Metric Ton captures the average selling price of Copper per Metric Ton, during the specified period of time.

Copper, Reserves (Metric Tons) captures the total Copper reserves owned by the mining company in Metric Tons, as at the period end.

Core Growth managers typically invest in mid or large capitalization, blue chip companies that have historically performed near the top of their sector or the S&P 500 in terms of profitability, earnings growth, and revenue growth. These investors are often willing to pay premium PE multiples for highly sustainable businesses, strong management and consistent growth over the long term.

Core Value investors focus on buying companies at relatively low valuations on an absolute basis, in relation to the market or its peers, or in comparison to an individual stock's historical levels. These portfolios typically exhibit price-to-earnings, price-to-book and price-to-cash flow multiples below the S&P 500. In addition, secular revenue growth rates of the companies in these portfolios are frequently below market averages and their earnings tend to be more cyclical.

Cost of Revenue includes all costs that can be directly attributable to the goods and services produced/purchased and sold.

Cost of Revenue, Total represents total operating expenses directly related to the goods sold and services provided.

Covered Lives represents the total number of people covered by the insurance policies.

Credit Card Fees represents fees earned from credit card services for banks. Many banks issue credit cards and provide consumer loans to their customers. Fees are earned from processing credit card transactions and interest income from loans to customers. Credit cards are also issued by credit card companies. Fees earned from these cards are classified as Credit Card Fees.

Credit Exposure represents all transactions where losses might occur due to the fact that counterparties may not fulfill their contractual payment obligations.

Crude Oil Production (Barrels) represents the total production of crude oil in barrels.

Crude Oil, Average Sales Price per Barrel, Total represents the Company level Average Sales Price of Crude Oil per Barrel, as reported by the company.

Crude Oil, Average Production (Barrels/Day) represents the average production of crude oil on daily basis, in barrels.

Cumulative Translation Adjustment represents translation gains (losses) on financial statements of foreign subsidiaries. Such adjustments may be required when the currency of a subsidiary is different from the reporting currency of the reporting company. Such gains (losses) are included as a part of comprehensive income according to SFAS 130, and are directly transferred to the shareholders’ equity.

Current Portion of Long Term Debt/Capital Leases represents the portion of a long-term debt instrument that is due within the following fiscal year.

Current Ratio represents Total Current Assets divided by Total Current Liabilities. Current Ratio is not available for non-detailed periods or for companies which report non-differentiated balance sheets.

This is the ratio of Total Current Assets for the most recent fiscal year divided by Total Current Liabilities for the same period.

This is the ratio of Total Current Assets for the most recent interim period divided by Total Current Liabilities for the same period.

Current Tax – Domestic reflects the portion of a company’s current income tax provision attributable to its domestic tax jurisdiction.

Current Tax – Foreign reflects the portion of a company’s current income tax provision attributable to non-domestic tax jurisdictions.

Current Tax – Local reflects the portion of a company’s current income tax provision attributable to local tax jurisdictions. Current Tax – Local does not include current provisions for federal or national income taxes.

Current Tax – Other reflects the portion of a company’s current income tax provision not classified as Current Tax – Domestic, Current Tax – Foreign or Current Tax – Local.

When a company reports its total current taxes without any delineation between tax jurisdictions, this amount is classified as Current Tax – Total.

Current Tax – Total reflects the sum of Current Tax – Domestic, Current Tax – Foreign, Current Tax – Local, Current Tax – Other and Current Tax – Total.

Curtailments and Settlements – Domestic reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.

Curtailments and Settlements - Foreign represents the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.

Curtailments and Settlements - Post-Retirement reflects the financial impact of the events that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some of all of their future services.

Customer Acceptances represents contingent assets that result from transactions mediated by a bank on behalf of customers. The mediating bank may earn fees on mediation or marginal gains/losses on such transactions.