Operating Expenses

{
  "id": "MLC-T-ECS-001350",
  "term": "Operating Expenses",
  "field": "Economic statistics",
  "definition": "The sum of detailed types of expenses. It excludes cost of goods sold; income, sales, and excise taxes; capital expenditures; funds invested; and interest expense.\n\nOperating Expenses include:\n\n• Annual Payroll\n\n• Fringe Benefits\n\n• Contract Temporary Staff and Leased Employee Expense\n\n• Expensed Equipment\n\n• Purchased Packaging and Containers\n\n• Purchases of other materials, parts, and supplies (not for resale)\n\n• Commissions\n\n• Expensed Purchases of Software\n\n• Data Processing and Other Purchased Computer Services\n\n• Purchased Communication Services\n\n• Purchased Repairs and Maintenance to Machinery and Equipment\n\n• Purchased Repairs and Maintenance to Buildings, Structures, and Offices\n\n• Lease and Rental Payments\n\n• Purchased Electricity\n\n• Purchased Fuels (Except Motor Fuels)\n\n• Water, Sewer, Refuse Removal and Other Utility Payments\n\n• Purchased Transportation, Shipping, and Warehousing Services\n\n• Purchased Advertising and Promotional Services\n\n• Purchased Professional and Technical Services\n\n• Depreciation and Amortization Charges\n\n• Governmental Taxes and License Fees\n\n• Other Expenses",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/operating-expenses/"
}