The "Total Operating Revenues" clause typically refers to the total income generated from a company's primary business activities before any expenses or deductions are applied. It serves as a crucial financial metric, often used to assess a company's financial performance and growth potential.
For the third quarter of 2019, Green Dot reported total operating revenues of $240.4 million and a GAAP net loss and GAAP diluted loss per common share of $0.5 million and $0.01, respectively. Green Dot also reported non-GAAP total operating revenues1 of $229.2 million, and adjusted EBITDA1 and non-GAAP diluted earnings per common share1 of $25.1 million and $0.20, respectively.
Total operating revenues on a generally accepted accounting principles (GAAP) basis were $240.4 million for the third quarter of 2019, up from $236.3 million for the third quarter of 2018, representing a year-over-year increase of 2%.
Warren, MI – May 5, 2022 — Universal Logistics Holdings, Inc. (NASDAQ: ULH) today reported consolidated first quarter 2022 net income of $42.0 million, or $1.56 per basic and diluted share, on total operating revenues of $523.9 million. This compares to net income of $21.7 million, or $0.80 per basic and diluted share, during first quarter 2021 on total operating revenues of $415.2 million. Universal’s first quarter 2022 financial results represent record all-time highs for total operating revenues, operating income and earnings per share.
These costs are not included in the reconciliation of gross margin to economic gross margin on page 53, as gross margin does not consider all operating costs, only the costs applicable to total operating revenues in accordance with the definition of gross margin in the FASB Master Glossary. Along with the costs detailed in the paragraph above, the aggregate Cost of operations that is presented on the Consolidated Statement of Operations on page 92 is $6,540 million.
For the quarter ended June 30, 2023, total operating revenues at City of Dreams were US$548.0 million, compared with US$114.0 million in the second quarter of 2022. The year-over-year increase in the total operating revenues was primarily a result of better performance in all gaming segments and non-gaming operations.
For the nine months ended September 30, 2020, the Company reported a net loss of $1.9 million, or $(0.10) per share, compared to a net loss of $1.3 million, or $(0.07) per share, for the nine months ended September 30, 2019. The Company reported total operating revenues of $5.4 million and $7.5 million during the nine months ended September 30, 2020 and 2019, respectively.
For the first quarter of 2021, our total operating revenues were US$0.47 billion, a decrease of 34.9% from US$0.72 billion of total operating revenues for the first quarter of 2020. The decrease in the total operating revenues was primarily attributable to softer performance in the rolling chip segment at City of Dreams and Altira Macau, as well as decreased casino revenues generated from the operations of Studio City Casino by our subsidiary, Melco Resorts Macau, the gaming subconcessionaire. Such decreases resulted from a year-over-year decline in inbound tourism in the first quarter of 2021, compared to the first quarter of 2020, which was only partially impacted by the restrictions from the COVID-19 pandemic. Net income/loss from Studio City Casino gaming operations are reimbursed to/from Studio City Entertainment pursuant to the Services and Right to Use Arrangements. Such reimbursement is included in general and administrative expenses.
For the fourth quarter 2020, income from operations in the contract logistics segment was $12.0 million on total operating revenues of $133.2 million.
During the fourth quarter 2020, the intermodal segment reported operating income of $7.8 million on total operating revenues of $105.9 million. As a percentage of revenue, operating margin for the fourth quarter 2020 in the intermodal segment was 7.3% compared to 12.0% during the same period last year. Continued rate pressure, significant demurrage spend, and a slower-than-anticipated rate of trucks returning to work adversely impacted the intermodal segment during the quarter.
The trucking segment, which includes agent-based and company-managed trucking operations, reported operating income of $3.5 million on total operating revenues of $80.9 million during the fourth quarter 2020. This compares to operating revenues of $90.0 million and an operating loss of $2.9 million in the same period last year, which included the settlement of a previously disclosed legal matter.
During the fourth quarter 2020, the company-managed brokerage segment reported an operating profit of $0.2 million on total operating revenues of $65.8 million during the fourth quarter of 2020. Although underperforming compared to the same period last year, reporting an operating profit in the fourth quarter 2020 represents a sequential improvement as the Company continues to rationalize both lanes and customers.
Total Operating Revenues refer to the total amount of money a company earns from its core business operations. This figure is crucial as it excludes any secondary income, such as interest or investment returns, focusing solely on the primary activities generating income.
You should use Total Operating Revenues when analyzing a company’s core business performance. This metric is valuable for comparing performance within an industry or evaluating the company’s financial health over time. It helps stakeholders assess how well a company is executing its primary operations in generating revenue.
When writing about Total Operating Revenues, ensure clarity and precision. You can represent it in financial documents, reports, or analysis by clearly stating:
“The company’s total operating revenues for the fiscal year amounted to $10 million, reflecting a 15% increase from the previous year.”
Include figures, timelines, and comparisons to provide a complete picture.
Total Operating Revenues are often found in the following contracts or documents:
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The "Transfer of Ownership" clause outlines the conditions under which ownership rights and titles of a property or asset are conveyed from one party to another. It typically details the specific events or criteria that trigger the transfer, any obligations the parties must fulfill, and the effective date when the transfer becomes legally binding.
The "Transfer" clause in a contract outlines the conditions under which rights or obligations can be transferred from one party to another. It typically specifies whether consent is required for such a transfer and any limitations on the ability to assign responsibilities or benefits.
A transition payment clause outlines a financial compensation made to facilitate a smooth transition during organizational changes, such as mergers or shifting roles within a company. This payment aims to mitigate any disruptions or hardships experienced by individuals or groups affected by the transition.
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