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Legg Mason, Inc. (NYSE:LM)
Non-Recurring Items
$49 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. Legg Mason, Inc.'s non-recurring items for the three months ended in Dec. 2013 was $15 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2013 was $49 Mil.

As of today, Legg Mason, Inc.'s share price is $44.59. Legg Mason, Inc.'s earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2013 was $1.98. Therefore, Legg Mason, Inc.'s P/E (NRI) ratio for today is 22.52.


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.

Legg Mason, Inc. Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2013 was 19.353 (Mar. 2013 ) + 2.782 (Jun. 2013 ) + 11.973 (Sep. 2013 ) + 15.312 (Dec. 2013 ) = $49 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.

Legg Mason, Inc.'s P/E (NRI) Ratio for today is calculated as

Legg Mason, Inc.'s Share Price of today is $44.59.
Legg Mason, Inc.'s Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2013 was 0.23 (Mar. 2013 ) + 0.38 (Jun. 2013 ) + 0.7 (Sep. 2013 ) + 0.67 (Dec. 2013 ) = $1.98.

* 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.

Legg Mason, Inc. Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
Non Operating Income -2564028-601-2,3921276140-21

Legg Mason, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Non Operating Income -32857-773061931215
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