Thanks Bob. I agree that tax credits shouldn't count as true EPS, but just looking at a simple Yahoo! balance sheet would lead me to believe that "technically" they should be included in "net income from operations" figure. Yet, I do believe it would be misleading to just throw them in there and not point-it-out.
As I said, I'm not an accountant...and I appreciate you sharing your knowledge! :)
For example:
Income from Continuing Operations
Total Other Income/Expenses Net 45 5 (103) 3
Earnings Before Interest And Taxes 637 427 284 409
Interest Expense - - - -
Income Before Tax 637 427 284 409
Income Tax Expense (608) - (819) - Minority Interest - - - -
Net Income From Continuing Ops 1,245 427 1,103 409
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854