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Net Interest and Dividend Income Tax equivalent net interest income of $11.3 See SUPPLEMENTAL INFORMATION – Net Interest and Dividend Income on page 9 of this release for additional details. million, were partially offset by common stock dividends paid of $0.9 Non-Interest Income Non-interest income of $2.7
There were changes to Standards Rule 9-4(a) and 9-4(b) that shift emphasis to credible appraisal results and to introduce a focus on intangibleassets for the first time, have a look at st. I have focused on the changes and additions, which remain essentially unchanged in the 2020-2021 USPAP (the current version).
growth in Funds From Operations per diluted share (2022 vs. 2021) 4.6% increase in same-center cash net operating income (2022 vs. 2021) 98.1% per share cash dividend paid _ (1) A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release. YEAR 2022 HIGHLIGHTS $51.9
b) Constant currency represents 2022 Non-GAAP results at 2021 exchange rates. Non-GAAP % Change vs. 2021. Free cash flow before dividends (c). . . . . . a) The 2022 Non-GAAP outlook amounts exclude certain forecasted Non-GAAP adjusting items, such as intangibleasset amortization and U.S. Non-GAAP. .
First Quarter 2022 Results (All comparisons refer to the fourth quarter of 2021, except as noted). per diluted share during the fourth quarter of 2021. The return on average tangible assets was 1.07%, compared to 1.30%, and the return on average tangible common equity was 10.31%, compared to 12.37%. at December 31, 2021.
For Microsoft, this would yield values of $69,916 million for operating income and an effective tax rate of 13.83% in 2021, resulting in a FCFF of $40,879 million in 2021. An intuitive reading of the FCFE is that it is cash available to be returned to equity investors, either in the form of dividends or as cash buybacks.
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