Texas Pacific Land Corporation Quarterly Report Pursuant To Section 13 Or 15d

Tobacco retailer means any Person who sells, offers for sale, or does or offers to exchange for any form of consideration, tobacco, Tobacco Products or Tobacco Paraphernalia. This definition is without regard to the quantity of Tobacco Products or Tobacco Paraphernalia sold, offered for sale, exchanged, or offered for exchange. Support Services means Support Services provided by GroundSure including, without limitation, interpreting third party and in-house environmental data, providing environmental support advice, undertaking environmental audits and assessments, Site investigation, Site monitoring and related items.

Finished Services means complete end-to-end services offered by CenturyLink to wholesale customers or retail End User Customers. Finished Services do not include Unbundled Network Elements or combinations of Unbundled Network Elements. Retail tobacco store means a retail store utilized primarily for the sale of tobacco products and accessories and in which the sale of other products is merely incidental.

What Are Intersegment Sales?

Includes all of our non-platform products for DCG, IOTG, and CCG such as modem, Ethernet, and silicon photonics, as well as Mobileye, NSG, and PSG products. Acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. The Company had two customers in the RV market that each accounted for over 10% of consolidated net sales.

We derive a substantial majority of our revenue from platform products, which are our principal products and considered as one class of product. We offer platform products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or a multichip package. Platform products are used in various form factors across our DCG, IOTG, and CCG operating segments. Our non-platform, or adjacent products, can be combined with platform products to form comprehensive platform solutions to meet customer needs.

• Includes all of our non-platform products for DCG, IOTG, and CCG such as modem, Ethernet, and silicon photonics, as well as Mobileye, NSG, and PSG products.
• An entity discloses certain information on each reportable segment if the amounts are included in the measure of segment profit or loss reviewed by the chief operating decision maker or are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.
• The practice gives an accurate financial, as well as operational picture, of the interdependency of the operating segments of the company – and eventually helps in efficient planning and management.
• It helps in knowing how much revenue comes from where – which essentially helps the management in making financial and operational decisions.
• Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, net earnings, cash flow provided by operating activities and other measures of financial performance prepared in accordance with GAAP.
• Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts.
• Liberty Broadband believes this measure is an important indicator of the operational strength and performance of its businesses by identifying those items that are not directly a reflection of each business’ performance or indicative of ongoing business trends.

Although Liberty Broadband owns less than 100% of the outstanding shares of Charter, 100% of the Charter amounts are included in the schedule below and subsequently eliminated in order to reconcile the account totals to the Liberty Broadband condensed consolidated financial statements. When a company operates a business with multiple branches of operations, and each branch, or segment, generates revenue independently through its operations, the individual revenue results are recorded under the “segment reporting” section in the company’s annual report.

Related To Intersegment Sales

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The amortization of debt discount and deferred costs were $2 million and $2 million for the nine months ended October 1, 2017 and October 2, 2016, respectively. 5 Identifiable operating assets excludes $7,329 million of assets held for sale — discontinued operations. 2 Identifiable operating assets excludes $6,171 million of assets held for sale — discontinued operations. If a user or application submits more than 10 requests per second, further requests from the IP address may be limited for a brief period.

In such a case, when the company is transacting between segment A and segment B for the production of product A, it is engaging in intersegment sales, as segment A is booking revenue by selling to segment B. The Water Services and Operations segment encompasses the business of providing full-service water offering to operators in the Permian Basin. The revenue streams of this segment consist of revenue generated from sales of sourced and treated water as well as revenue from royalties on water service-related activity. 1 Intersegment revenues do not eliminate on a consolidated basis in the table above due to intercompany sales to our discontinued operations. Intersegment sales are recorded at cost plus an agreed-upon intercompany profit on intersegment sales. Companies generally divide their operations into different geographical segments, or different operative or functional segments, and so on. The key difference between the two terms basically relates to the nature of the transactions and how they are disclosed.

Free Accounting Courses

Liberty Broadband generally accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current prices. Liberty Broadband’s operating segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, distribution channels and marketing strategies. The accounting policies of the segments that are also consolidated companies are the same as those described in the Company’s summary of significant accounting policies in the Company’s annual financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018.

Inter-segment sales are priced with reference to prices charged to external parties for similar orders. Intersegment salesmeans a current (customer industry-based) segment’s sales to any other segment. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Refined Products means gasoline, diesel fuel, jet fuel, liquid petroleum gases, asphalt and asphalt products, and other refined petroleum products.

First Known Use Of Intersegment

Sports wagering means the acceptance of wagers on an authorized sporting event by any system of wagering as authorized by the commission. Business vertical means a distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods or services which is subject to risks and returns that are different from those of the other business verticals. Intersegment sales are recorded at the exchange value, which is the amount agreed to by the parties.

For example, when a company is operating three segments, such that, segment A deals in raw materials for the production of product A, which the company exclusively sells under segment B, and provides services on the product under Segment C. Revenue generated from transactions between two segments that belong to the same business is known as intersegment sales. Intersegment sales refer to revenue generated by means of a transaction between segments within the same business. Such companies manage segments that have interconnect operations either vertically or horizontally. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools.

Dictionary Entries Near Intersegment

Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Supply chain means a linked set of resources and processes between multiple tiers of developers that begins with the sourcing of products and services and extends through the design, development, manufacturing, processing, handling, and delivery of products and services to the acquirer. Distribution center means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. Distribution center does not mean a building or structure used primarily to store raw agricultural products, used primarily by a manufacturer to store goods to be used in the manufacturing process, used primarily for the storage of petroleum products, or used for the retail sale of goods.

• Platform products are used in various form factors across our DCG, IOTG, and CCG operating segments.
• Finished Services do not include Unbundled Network Elements or combinations of Unbundled Network Elements.
• This item includes income or expense related to stock-based compensation based on the investor’s grant of stock to employees of an equity method investee.
• Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.
• Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov.
• Although the CODM uses operating income to evaluate the segments, operating costs included in one segment may benefit other segments.

Diligently reporting intersegment sales helps in the smooth navigation of the company’s internal operations. The practice gives an accurate financial, as well as operational picture, of the interdependency of the operating segments of the company – and eventually helps in efficient planning and management. An entity discloses certain information on each reportable segment if the amounts are included in the measure of segment profit or loss reviewed by the chief operating decision maker or are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

If that same company generates revenue by means of sales between segments, those amounts are reported in the notes to the financial statements in a section normally called intersegmental sales revenue. We do not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments. Although the CODM uses operating income to evaluate the segments, operating costs included in one segment may benefit other segments.

One RV customer accounted for approximately 34% of consolidated net sales in each of the three years ended December 31, 2014, 2013 and 2012. In addition, sales to a different RV customer accounted for approximately 24%, 23% and 20% of consolidated net sales in 2014, 2013 and 2012, respectively. Unallocated corporate expenses include corporate general and administrative expenses comprised of wages, insurance, taxes, supplies, travel and entertainment, professional fees and other.

Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets’ useful lives.

Intersegment Sales Definition

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Datalogic Product means the Datalogic® Gryphon™ series scanner product, including all embedded Software in and all Documentation related to such product, which has been purchased or otherwise acquired by End User, whether obtained directly or indirectly from Datalogic. Cannabis retailer or “retailer” means a person licensed by the Board to sell cannabis and cannabis products to adults 21 years of age and older for off-site consumption in accordance with this chapter.

Inter-segment sales and transfers are transacted with reference to the selling prices used for sales made to third parties at the then prevailing market prices. Intersegment sales and transfers are transacted with reference to the selling prices used for sales made to third parties at the then prevailing market prices. Several accounting standards boards around the world require companies to disclose such sales in order to provide full disclosure or an accurate picture of the business’ financial health.

Quarterly Report Pursuant To Section 13 Or 15d

Free Financial Modeling Guide A Complete Guide to Financial Modeling This resource is designed to be the best free guide to financial modeling! The Company had one RV customer that accounted for approximately 41% and 28% of the trade receivables balance at December 31, 2014 and 2013, respectively. There were no other customers that accounted for more than 10% of the trade receivables balance at December 31, 2014 and 2013.

The Company has determined that its reportable segments are those based on its method of internal reporting, which segregates its businesses by product category and production or distribution process. Companies are required to disclose all intersegment sales under a specific heading in the notes to the financial statements. This item represents the entity’s proportionate share for the period of the net income of its investee to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor’s grant of stock to employees of an equity method investee. Manufacturing – The Company’s lamination operations utilize various materials, such as lauan, medium density fiberboard (“MDF”), gypsum, and particleboard, which are bonded by adhesives or a heating process to a number of products, including vinyl, paper, foil, and high-pressure laminates. These products are utilized to produce furniture, shelving, wall, counter, and cabinet products with a wide variety of finishes and textures. Patrick’s major manufactured products also include wrapped vinyl, paper and hardwood profile mouldings, interior passage doors, and slotwall panels and components.

It helps in knowing how much revenue comes from where – which essentially helps the management in making financial and operational decisions. IOTG, Mobileye, NSG, and PSG do not meet the quantitative thresholds to qualify as reportable operating segments; however, we have elected to disclose the results of these non-reportable operating segments. Our Internet of Things portfolio, presented as Internet of Things, is comprised of IOTG and Mobileye operating segments. Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Amount of income from continuing operations, including income from equity method investments, before deduction of income tax expense , and income attributable to noncontrolling interest. The amount of income or loss for the reportable segment before interest expense, income taxes and noncontrolling interests.

Examples Of Intersegment Sales In A Sentence

2 Amounts have been adjusted to reflect the reclassification of certain revenue streams from the Bottling Investments operating segment to the North America operating segment effective January 1, 2018. 3 Amounts have been adjusted to reflect the reclassification of certain revenue streams from the Bottling Investments operating segment to the North America operating segment effective January 1, 2018. Learn accounting fundamentals and how to read financial statements with CFI’s free online accounting classes. The Distribution segment contributed approximately 25%, 23% and 24% of the Company’s net sales for the years ended December 31, 2014, 2013 and 2012, respectively. The amount of loss pertaining to the specified contingency that was charged against earnings in the period, including the effects of revisions in previously reported estimates. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content.

Amortization expense related to intangible assets in the Manufacturing segment for the years ended December 31, 2014, 2013 and 2012 was $3.2 million, $1.9 million, and $1.2 million, respectively. Intangible assets amortization expense in the Distribution segment was $1.3 million, $0.5 million, and $0.3 million in 2014, 2013 and 2012, respectively.

The Manufacturing segment contributed approximately 75%, 77% and 76% of the Company’s net sales for the years ended December 31, 2014, 2013 and 2012, respectively. When a company discloses its intersegment sales, it provides an accurate financial picture of its sales and operations through its annual reports. Are divergent in their operations and generate revenue through different operational segments, and not internally but externally by making sales in the market, it will fall under segment reporting. Intersegment sales of crude oil and natural gas are accounted for at market values and included, for segmented reporting, in revenues of the segment making the transfer and expenses of the segment receiving the transfer. Intersegment sales of crude oil and natural gas are accounted for at market values and are included, for segmented reporting, in revenues of the segment making the transfer and expenses of the segment receiving the transfer. Full and precise disclosure of intersegment sales accurately segregates the revenue that the company is generating externally and internally.