A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and non-operating profit before the deduction of interest plus cash income taxes. Equivalently equal to E.B.I.T. minus cash taxes.
EARNINGS BEFORE INTEREST AFTER TAXES (E.B.I.A.T.)
Meaning of EARNINGS BEFORE INTEREST AFTER TAXES (E.B.I.A.T.) in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012