Is operating income before or after depreciation?

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  1. #operating
  2. #measures
  3. #depreciation
  4. #realized
  5. #goods
  6. #accounting
  7. #operations
  8. #wages
  9. #income
  10. #amount
  11. #figure
  12. #expenses
  13. #after
  14. #deducting
  15. #business
  16. #profit