Is depreciation included in operating income?

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  1. #includes
  2. #items
  3. #overhead
  4. #takeaways
  5. #stripped
  6. #structure
  7. #amortization
  8. #capital
  9. #expenses
  10. #however
  11. #operating
  12. #ebitda
  13. #include
  14. #interest
  15. #equation
  16. #taxes
  17. #expense
  18. #income
  19. #depreciation