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Sothebys (NYSE:BID)
Non-Recurring Items
$3.0 Mil (TTM As of Dec. 2013)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Sothebys's non-recurring items for the three months ended in Dec. 2013 was $0.5 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2013 was $3.0 Mil.

As of today, Sothebys's share price is $40.02. Sothebys's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2013 was $1.86. Therefore, Sothebys's P/E (NRI) ratio for today is 21.52.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Sothebys Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2013 was 1.699 (Mar. 2013 ) + -0.168 (Jun. 2013 ) + 0.982 (Sep. 2013 ) + 0.516 (Dec. 2013 ) = $3.0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Sothebys's P/E (NRI) Ratio for today is calculated as

Sothebys's Share Price of today is $40.02.
Sothebys's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2013 was -0.33 (Mar. 2013 ) + 1.33 (Jun. 2013 ) + -0.44 (Sep. 2013 ) + 1.3 (Dec. 2013 ) = $1.86.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Sothebys Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Non Operating Income 0.7-3.7-2.621.42.42.6-3.3-2.6-12.13.0

Sothebys Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Non Operating Income -2.60.41.7-1.01.6-14.51.7-0.21.00.5
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