What is the calculation that gets from "net income" to "normalized net income"? (what should be subtracted or added to "net income" to reach "normalized net income")

What is the difference between "net income excluding extraordinary items" and "normalized net income"

Yonil,

The specific extraordinary/unusual items vary by company. There is no single formula that can be used to convert from normalized to unnormalized across companies and industries. It is useful to have both metrics available across multiple reporting periods so that you can look for differences and trends in each company over time.