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STATE OF NORTH CAROLINADEPARTMENT OF TRANSPORTATION PAT L. MCCRORYANTHONY J. TATAGOVERNORSECRETARYSeptember 25, 2014MEMORANDUM TO:Mr. Pat Ivey, PE Division 9 EngineerFROM:Philip S. Harris, III, P.E. Natural
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PAT (Profit After Tax) is a financial metric that represents a company's bottom line.
Companies and individuals who have earned income and are liable to pay taxes are required to file PAT.
PAT can be calculated by subtracting expenses, taxes, and dividends from a company's revenue.
The purpose of PAT is to determine the overall profitability of a company after all expenses and taxes have been accounted for.
Information such as revenue, expenses, taxes paid, and dividends declared must be reported on PAT.
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