Earnings before tax & Net Common Income

CFA General
#1

I’m looking at a company that loses money. Their EBT is (139) and their Net Common Income is (128).

I am trying to understand how EBT can be a bigger loss than Net Common Income.

EBT is basically revenue - expenses excluding taxes.
Net Common Income is revenue - expenses plus more stuff like dividends and taxes

Could it be that they received a refund on taxes and lowered their loss?

#2

Possibly.

Maybe some income averaging over multiple years. In the US individuals used to be able to do that.