Estimates

Healthcare Facilities represents the healthcare facilities industry for Balance Sheet Operating Metrics information collected by Reuters. The Healthcare Facilities Industry consists of:
Companies engaged in operating hospitals, physician and dental clinics, psychiatric facilities, nursing homes and home health care agencies
Medical laboratories that support healthcare facilities such as blood analysis, pathology, urinalysis, medical x-ray and other diagnostic laboratories.

Healthcare Facilities represents the healthcare facilities industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the healthcare facilities industry, reported by the company.

Hedge Fund investors have the majority of their funds invested in some sort of market neutral strategy. Notably, the term 'hedge fund' is both a legal structure (as opposed to a mutual fund) and an investment style. Nearly every firm that uses a hedge fund or market neutral style is legally organized as a hedge fund (and thus only open to accredited investors). Many are offshore funds that are unregistered, have no investment limitations, and are not subject to disclosure regulations. The common element is that any long position taken in a specific equity is offset by a short position in either a merger partner (risk arbitrage), an 'overvalued' member of the same sector (long/short paired trading), a convertible bond (convertible arbitrage), a futures contract (index arbitrage) or an option contract (volatility arbitrage). Because of the idiosyncratic nature of these investors, the fundamentals of their portfolios are not indicative of their investment styles. Thomson Reuters categorizes these portfolios based on its specific knowledge of the their historical investment behavior.

This is the day's highest price of a security that has changed hands between a buyer and seller.

The recommendation that investors maintain their current position in a stock. This generally indicates that the stock should perform similarly to other comparable stocks.

Hotels/ Gaming represents the hotels/gaming industry for Balance Sheet Operating Metrics information collected by Reuters.

The Hotels/ Gaming Industry consists of:
Hotels, Motels & Cruise Lines companies engaged in the operation of hotels, bed and breakfast inns, motels, cabins, cottages, youth hostels, cruise lines and other tourist and boarding lodges.
Casinos & Gaming of companies engaged in casinos and gambling operations.

Companies The Hotels/ Gaming Industry excludes:
Ski resorts and amusement parks with resort owned hotel service, where the ski or amusement operation comprises the dominant operation (classified under the Leisure & Recreation Industry)
Horse and dog race tracks (classified under the Leisure & Recreation Industry).

Hotels/ Gaming represents the hotels/ gaming industry for Income Statement Operating Metrics information collected by Reuters. This includes all the operating indicators for the hotels/ gaming industry, reported by the company.

Impairment – Assets Held for Sale is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These items are assets that will be sold by the reporting company.

This item is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These items are assets that will be sold by the reporting company. It also includes the Impairment/write-down/write-off/revaluation of inventories and investment securities.

Impairment – Assets Held for Use is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These assets are retained by the reporting company.

This item is a form of an unusual item related to the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets. These assets are retained by the reporting company.

Income After Tax represents the sum of Income Tax – Total and Income Before Tax.

Income Available to Common Excluding Extraordinary Items represents net income available to common stockholders, not including the effect of extraordinary items, and is used to calculate Basic EPS Excluding Extraordinary Items.

Income Available to Common Stocks Including Extraordinary Items represents net income available to common stockholders, including extraordinary items, and is used to calculate Basic EPS Including Extraordinary Items.

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

Income Tax by Region – Total reflects the sum of Domestic Tax, Foreign Tax, Local Tax and Other Tax.

Income Tax – Total includes all taxes on the basis of profits that may be owed to federal, state and/or foreign government. These taxes do not include regressive taxes, such as sales taxes or excise taxes to state and federal government.

Income Taxes Excluding Impact of Special Items represents the sum of Income Tax – Total and the Effect of Special Items on Income Taxes.

Income Taxes Payable represents income taxes payable to the government, where such tax liability is already confirmed in terms of amount and payable date. Income Taxes Payable is different from Deferred Income Tax – Current Liability, which is an estimated liability.

Income Value investors are similar to those in the Core Value category except they are as interested in the dividend yield as they are in the low valuation ratios of the stocks they purchase. As a result, Income Value portfolios typically exhibit above average current income and low PE ratios.

Index investors generally create portfolios that are designed to match the composition of one or more of the broad-based indices such as the S&P 500, the Russell 1000/2000/3000, the Wilshire 5000, or the Nasdaq 100. Therefore, the performance and risk of the portfolio mirrors a section of the broader market. Their investment decisions are driven solely by the makeup of the index that is tracked rather than by an evaluation of the company and its business prospects. As a result, Index firms are often referred to as "passive" investors. Thomson Reuters categorizes these portfolios based on its specific knowledge of their historical investment behavior.

Inpatient Revenue per Admission, Total represents the Company level average inpatient revenues earned by the hospital for each admission, as reported by the company. It is obtained using the total billed value of inpatient services divided by the number of admissions.

Inpatient Revenue per Patient Day, Total represents the Company level average inpatient revenues earned by the hospital for each patient day, as reported by the company. It is obtained using total billed value of inpatient services divided by the total number of patient days.

Identifies all insider holdings according to the most recent, publicly available data available to Thomson Reuters. US Insider holdings are sourced from SEC forms 3, 4 and 5. Canadian Insider holdings are sourced from SEDI.

An Insider is defined as a company's officers, directors and any beneficial owners of more than ten percent of a class of the company's equity securities.

Direct Holdings - Shares that are held in the name of the insider.

Indirect Holdings – Shares that are controlled by the insider, yet are held by another entity such as a family member, a trust, a company plan, or even a corporation to which the insider is affiliated. In many cases, the same block of indirect stock may be claimed by several insiders, such as a group of trustees over the same trust, or several partners in the same partnership

Identifies the individual insider transactions according to the most recent, publicly available data available to Thomson Reuters. US Insider holdings are sourced from SEC forms 3, 4 and 5. Canadian Insider holdings are sourced from SEDI.

An Insider is defined as a company's officers, directors and any beneficial owners of more than ten percent of a class of the company's equity securities.

This is the number of institutions (pension funds, mutual funds, etc.) that currently report an investment position in the company's stock.

Insurance represents the insurance industry for Balance Sheet Operating Metrics information collected by Reuters. The Insurance Industry consists of:
Multi-line insurance companies carrying life and non-life policies.
Property & Casualty insurance companies engaged in insurance underwriting and carriers of property, fire, marine, auto, title, professional liability, funeral, bonding, fidelity and other surety policies.
Life & Health insurance companies engaged in insurance underwriting and carriers of accidental death and dismemberment, disability, dental, health, medical and life policies, as well as the management of annuity plans.
Property and casualty, and life and health Reinsurance carriers.

Insurance represents the insurance industry for Operating Metrics information collected by Reuters. This includes all the operating indicators for the insurance industry, reported by the company.

Insurance Commissions, Fees & Premiums represents commissions, fees and premiums earned from taking or brokering insurance policy subscriptions. It is used only by banks that are involved in insurance as a secondary business activity.

Insurance Receivables represents receivables from policyholders, agencies, and other operating parties in insurance companies, but excludes receivables from reinsurers.

Insurance Reserves represents reserves for policy benefits under actuarial assumptions on insurance policies. This reserve is usually required in long-term insurance policies, such as life or in annuity management plans.

Insurance Reserves represents changes in insurance reserves, such as reserves for claims and losses or reserves for benefits to policyholders, during the period. An increase in insurance reserves has a positive impact on cash flow from operating activities, and vice versa.

Legal claims to future benefits for plans based in the company’s home country.

Legal claims to future benefits for plans based in countries other than the company’s home country.

Legal claims to future benefits for Post-Retirement plans.

Intangible, Net represents changes in intangible assets. When a company does not delineate its purchase of intangibles and sale of intangibles, Intangible, Net is utilized.

Intangibles, Gross consists of patents, copyrights, franchises, goodwill, trademarks, trade names, secret processes, and organization costs. Intangibles, Gross represents the gross amount of intangibles before being reduced by Accumulated Intangible Amortization. If the company reports a net figure, it is classified as Intangibles, Net.

Intangibles, Net represents Intangibles, Gross reduced by Accumulated Intangible Amortization. Intangibles, Net is utilized when the company does not provide Intangibles, Gross. Intangibles consist of patents, copyrights, franchises, goodwill, trademarks, trade names, secret processes, and organization costs.

The price paid for the use of credit or money. It may be expressed either in money terms or as a rate of payment.

Interest & Dividends on Investment Securities represents the distributable share of an investment portfolio. In addition to loans to customers, investments in various securities are an essential part of a total investment portfolio for financial institutions. Interest & Dividends on Investment Securities can be derived from equity securities and fixed income securities.

Interest & Fees on Loans is generally the major source of income for the commercial banking business. Loans to customers are the most significant portion of investment assets in banking, where the loans may be inclusive of interbank loans. Fees related to loan transactions are not separated from interest income because typical loan contracts may set a lower interest rate when a higher initial fee is charged.

Interest Adjustment – Primary EPS represents expected interest expense to be recovered from the conversion of convertible securities when such securities are included in the denominator for Primary EPS computation. The recoverable interest expense is compiled net of possible tax impacts.

Interest Bearing Deposits represents deposits that bear interest, such as savings accounts or time deposits. It includes:
Savings accounts
NOW accounts
Money market accounts
Passbook deposits
Time deposits, certificates of deposit.

Interest Capitalized, Non-Operating represents interest charges deferred to the company’s property, plant and equipment account, amortized over the life of the related assets. It is reported in the non-operating section of the company’s income statement.

Interest Capitalized – Operating represents interest charges deferred to a company’s property, plants and equipment account, amortized over the life of the related assets. Interest Capitalized – Operating reflects only the portion of interest on an asset that is amortized during the fiscal period.

Interest Capitalized, Supplemental represents interest charges deferred to a company’s property, plant and equipment account, amortized over the life of the related assets. If Interest Capitalized, Supplemental is not provided on the income statement, it is obtained from the notes. It is always reported as a negative figure.

Interest Cost – Domestic represents the increase in projected benefit obligation due to the passage of time for plans based in the company’s home country.

Interest Cost – Foreign represents the increase in projected benefit obligation due to the passage of time for plans based in countries other than the company’s home country.

Interest Cost – Post-Retirement represents the increase in projected benefit obligation due to the passage of time, for Post-Retirement plans.

Interest Costs reflects the growth (interest rate) value discounted from future capital lease payments to reconcile these payments to present value. This item will be used when capital lease maturities are presented as gross payments (versus maturities presented at present value). It will always be reported as a negative value.

Interest Expense (Income) – Net Operating represents the difference between interest income and any interest expense reported in the operating section.

Interest Income (Expense), Net Operating represents the sum of:
Interest Expense
Net Operating
Interest/Investment Income, operating.

Interest Expense (Income), Net-Operating, Total represents the sum of:
Interest Expense, Net – Operating
Interest/Investment Income – Operating
Interest Expense (Income) – Net Operating.

Interest Expense, Non-Operating represents interest expense on debt of nonfinancial service companies, including insurance companies. The interest expense may be actually paid or imputed on financing transactions. Interest Expense, Non-Operating is always a negative figure.

Interest Expense – Operating represents interest expense for financial services subsidiaries of non-banking companies. In order to use Interest Expense – Operating, the subsidiaries must primarily be engaged in financial services other than insurance operations. Although the parent company is engaged in industrial, utility, or insurance businesses, the respective subsidiaries must be engaged in financial services in their day-to-day operations, including the provision of loans to customers.

Interest Expense, Net – Operating represents Interest Expense – Operating reduced by Interest Capitalized – Operating

Interest Expense, Net Non-Operating represents Interest Expense, Non-Operating, reduced by Interest Capitalized, Non-Operating, and is usually a negative value.

Interest Expense, Supplemental represents interest expense that may be paid and/or imputed, and are reported net of interest capitalized. When interest expense is not reported on the income statement, it is obtained from the notes of the financial statement.

Interest Income (Expense), Net Non-Operating represents the sum of:
Interest Expense, Net Non-Operating
Interest/Investment Income, Non-Operating.

Interest Income (Expense), Net- Non-Operating, Total represents the sum of:
Interest Expense, Net Non-Operating
Interest/Investment Income, Non-Operating
Interest Income (Expense), Net Non-Operating.

Interest Income – Operating is interest that is collected from an investment portfolio or invested securities. This amount is reported as a negative figure in the operating section of the income statement.

Interest Income, Bank is composed of:
Interest & Fees on Loans
Interest & Dividends on Investment
Securities, Federal Funds Sold/Securities Purchased Under Resale Agreement
Interest on Deposits
Other Interest Income
Trading Account Interest
Other Non-Bank Income.

Interest Income, Non-Bank represents the revenue received from interest-bearing obligations held by a company.

Interest Income, Non-Operating represents non-operating interest income, which is generated from non-operating investment securities such as certificates of deposit or bonds for non-financial service companies.

Interest on Deposit represents interest paid on deposits from customers. Types of deposits may include demand/checking deposit, non-interest-bearing/interest-bearing deposits, savings deposits, money market accounts, NOW accounts, time deposit accounts, and certificatesof deposit.

Interest on Deposits represents interest income earned from deposits with other depository institutions. Usually Financial institutions other than commercial banks use Interest on Deposits.

Interest on Other Borrowings represents interest paid for borrowings by banks. Although commercial banks mostly rely on capital from deposits from customers, such banks may issue notes and bonds as long-term capital resources. This interest paid on notes and bonds is still considered an operating interest expense for banks.

Interest Receivable represents interest income accrued, but not yet received, on loans and other investments of commercial banks. Interest income is an integral part of operating revenues for in commercial banks.

Interest-Earning Deposits represents interest-earning deposits with other banks and financial institutions. Subsidiaries of a commercial bank may have deposits with other banks and financial institutions, which are classified as Interest-Earning Deposits.

Interest/Investment Income – Operating represents the sum of Interest Income – Operating and Investment Income – Operating.

Interest/Investment Income, Non-Operating represents the sum of:
Interest Income, Non-Operating
Investment Income, Non-Operating.

International - This style refers to those money managers investing the majority of their equity assets in stocks of companies domiciled outside of North America. In most cases, the North American portion of the portfolio is either too small or does not exist, precluding Thomson Reuters from determining an accurate investment style based on the fundamentals of these companies. For "Global" investors which have more significant North American holdings, a specific style may be given which will apply primarily to the North American portion of the portfolio.

Internet Media represents the internet media industry for Operating Metrics information collected by Reuters. This includes all the operatingindicators for the internet media industry, reported by the company.

Inventories represents changes in inventories during the period. An increase in inventories has a negative impact on cash flow from operating activities, and vice versa.

Inventories – Finished Goods represents inventories of unsold finished goods on hand. These goods may have been produced internally or purchased for resale.

Inventories – Other represents inventories not classified as:
Inventories – Finished Goods
Inventories – Work-in-Progress
Inventories – Raw Materials (for manufacturing companies).

Inventories – Raw Materials represents raw materials acquired, but not yet used. It may also include raw materials in transit. However, Inventories – Raw Materials is limited to materials that will be used for manufacturing of finished goods that will eventually be sold to customers.

Inventories – Work-in-Progress represents inventories of goods in the manufacturing process.

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the most recent fiscal year divided by Average Inventory. Average Inventory is the average of the Inventory at the beginning and end of the year.

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the most recent interim period divided by Average Inventory. Average Inventory is the average of the Inventory at the beginning and the end of the interim period.

This value measures how quickly the Inventory is sold. It is defined as Cost of Goods Sold for the trailing twelve months divided by Average Inventory. Average Inventory is calculated by adding the Inventory for the 5 most recent quarters and dividing by 5.

Investment Income – Operating represents investment income and losses, as well as dividend income received from invested assets. It may be reported as either a negative or a positive figure on the income statement.

Investment Income, Non-Operating represents income, other than interest, from investment securities. Such income may include dividend income, gain/loss on sale of investment securities, equity earnings in affiliates, unconsolidated subsidiaries or joint ventures (before taxes), or any other investment income.

Investment Securities Gains represents gains on the sale of investment securities. A commercial bank may be restricted to investing in certain types of securities, but subsidiaries of the bank may be in many different businesses, including investment banking and brokerages.

Investment Securities Losses represents losses on the sale of investment securities. A commercial bank may be restricted to investing in certain types of securities, but subsidiaries of the bank may be in many different businesses, including investment banking and brokerages.

Investment Securities, Gains/Losses represents a reversal of gains/losses on the sale of investment securities for banks and insurance companies. Although investments in securities other than investments in affiliated companies qualify as operating assets for banks and insurance companies, changes in such items are reported as investing activities, and gains/losses on the sale of such investments are reported as an elimination of gains/losses in the operating section.

Investment, Net represents changes in investments in securities. It is utilized when a company does not delineate the sale of investments and the purchase of investments on the cash flow statement.

Identifies the value, percent of shares outstanding, and number of shares held by top 10, top 25, top 50 and all institutional investors.

Value ($MM) – Is the sum of the top 10, top 20, top 50 and all institutional investors. Value is calculated for each holder by multiplying (closing stock price at the position date) * (share position).

%O/S(percent of outstanding shares held) – Is calculated by dividing the shares held by most recently reported total shares outstanding.

Identifies the value, percent of shares outstanding, and number of shares held by top 10, top 20, top 50 and all institutional investors.

Value ($MM) Is the sum of the top 10, top 20, top 50 and all institutional investors. Value is calculated for each holder by multiplying (closing stock price at the position date) * (share position). %O/S (percent of outstanding shares held) Is calculated by dividing the shares held by most recently reported total shares outstanding.

Identifies buyers, sellers, and calculates net change by comparing current ownership to previously reported positions.

Value Chg ($MM) – Is calculated by subtracting the total sum of current positions from total sum of previous positions.

%O/S (percent of outstanding shares held) – Is calculated by dividing the share change by most recently reported total shares outstanding.

Identifies buyers, sellers, and calculates net change by comparing current ownership to previously reported positions.

Value Chg ($MM) Is calculated by subtracting the total sum of current positions from total sum of previous positions.
%O/S (percent of outstanding shares held) Is calculated by dividing the share change by most recently reported total shares outstanding.

Identifies institutional investor ownership by investment style. Style is a quantitative and qualitative assessment assigned by Thomson Reuters. Each style is defined by clicking on each respective hyperlink.

Value ($MM) – The sum of holder positions of the given style. Value is calculated for each institution by multiplying (closing stock price at the position date) * (share position).

% Inst. Shares – Is calculated by dividing the shares held by most recently reported total institutional ownership.

Identifies institutional investor ownership by investment style. Style is a quantitative and qualitative assessment assigned by Thomson Reuters. Each style is defined by clicking on each respective hyperlink.

Value ($MM) The sum of holder positions of the given style. Value is calculated for each institution by multiplying (closing stock price at the position date) * (share position).
% Inst. Shares Is calculated by dividing the shares held by most recently reported total institutional ownership.

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

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

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

Issuance (Retirement) of Debt, Net represents net changes in cash flow due to the changes in the level of debt of a company, which is the sum of:
Short Term Debt, Net
Long Term Debt, Net
Total Debt Issued
Total Debt Reduction.

Issuance (Retirement) of Stock, Net represents the sum of:
Common Stock, Net
Preferred Stock, Net
Sale/Issuance of Common/Preferred
Repurchase/Retirement of Common/Preferred
Options Exercised
Warrants Converted
Treasury Stock.

Labor & Related Expense consists of expenses paid to employees of a company in the form of salaries, wages, fees, benefits or any other form of compensation. Labor & Related Expense is collected when it is reported separately from selling, general, and administrative expenses. Expenses paid to auditors and out-sourced consultants need to be excluded from this line unless such labor forces are contracted employees.

Labor & Related Expenses consists of expenses paid to employees of a bank in the form of salaries, wages, fees, benefits or any other form of compensation when such expenses are separately reported from the rest of selling, general and administrative expenses.

Land/Improvements – Gross represents land and improvements on land at acquisition cost. Land is not depreciated, but land improvements are normally depreciated over time. It includes Improvements in land (subject to depreciation).