Cash EBITDA means, in relation to any period, the aggregate of the operating profit of the Group on a consolidated basis (and for the avoidance of doubt taking into account profit sharing agreements to the extent not included as a Financial Indebtedness):
Cash EBITDA means the Net Collections and cash revenues from management fees paid by co-investors less Operating Expenses.
Cash EBITDA means, for any period, an amount determined consistent with past practice for the Company and its Subsidiaries on a consolidated basis equal to (a) the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus (ii) Consolidated Interest Expense, plus (iii) provisions for taxes based on income, plus (iv) total depreciation expense, plus (v) total amortization expense, plus (vi) other non-Cash items reducing Consolidated Net Income (excluding any such non-Cash item to the extent that it represents an accrual or reserve for potential Cash items in any future period or amortization of a prepaid Cash item that was paid in a prior period and excluding any write-down of a right to receive a payment or other consideration), minus (b) the sum, without duplication of the amounts for such period of (i) other non-Cash items increasing Consolidated Net Income for such period (excluding any such non-Cash item to the extent it represents the reversal of an accrual or reserve for potential Cash item in any prior period), plus (ii) interest income, plus (iii) other income, plus (iv) cash investment in the multi-client seismic data library of the Company and its Subsidiaries plus non-cash sales of Multi-Client Data.
Examples of Cash EBITDA in a sentence
Cash EBITDA is defined as collections on owned portfolios plus other turnover, less collection activity costs and other expenses (which together equals servicing costs) and before exceptional items, depreciation and amortisation.
Our board of directors and management use Cash EBITDA to understand cash profit in a period, mindful it is neither a proxy for future periods (since it is a lagged measure which can be influenced by the volume and mix of purchases in the latter months of the reported period), nor is it an indication of run off cash generation as the current cost base is representative of our front loaded cost curves and recent purchasing activity.
We present Cash EBITDA because we believe it may enhance an investor’s understanding of our underlying cash flow generation at a given point in time that can be used to service or pay down debt, pay income taxes, purchase new debt portfolios and for other uses.
Cash EBITDA is not a measure calculated in accordance with IFRS and our use of the term Cash EBITDA may vary from others in our industry.
For a reconciliation of Cash EBITDA to operating profit, see page 20.
More Definitions of Cash EBITDA
Cash EBITDA means EBITDA adjusted for specific non-recurring items, change in deferred revenue p/l effective;
Cash EBITDA means the consolidated operating income of the Group (other than any member of the Maroc Telecom Group and the Cegetel Group) determined in accordance with accounting principles and practices generally accepted in France, consistently applied, for a Measurement Period, adjusted by:
Cash EBITDA means, for any period, net income (loss) and to the extent deducted (added) in determining such net income (loss), plus (i) interest expense, plus (ii) income tax expense, plus (iii) depreciation, amortization and other non-cash items deducted in arriving at such net income (loss), minus (plus) (iv) increase (decrease) in membership solicitation and other deferred costs, plus (minus) (v) any negative (positive) cumulative effect of any change in accounting principles, and plus (minus) (vi) the increase (decrease) in deferred membership fees; in each case, calculated on a consolidated basis for the Company and its Subsidiaries in accordance with GAAP.
Cash EBITDA means the aggregate of: (a) EBITDA less any Taxes paid (excluding any deferred Taxes) and as adjusted by any non-cash extraordinary, impairment gain or loss, or exceptional items of the Issuer for the trailing 12 (twelve) months; and (b) any change in receivables of the SPVs (where a “change in receivables” of the SPVs refers to a change in the gross receivables position. Where an Obligor is availing a sales bill discounting facility against some of these receivables (with recourse to any of the Obligors), any inflows from such sales bill discounting facility will not be added);
Cash EBITDA means, in respect of the Reference Period or any other period, the aggregate of the operating profit (EBIT) of the Group (calculated on a consolidated basis) (and for the avoidance of doubt taking into account profit sharing agreements to the extent not included as a Financial Indebtedness):minus revenue from debt portfolios during such period of the Group on a consolidated basis;plus negative changes in debt portfolio collection estimates during such period of the Group on a consolidated basis unless such changes are already accounted for in revenue under paragraph (a) above;minus positive changes in debt portfolio collection estimates during such period of the Group on a consolidated basis unless such changes are already accounted for in revenue under paragraph (a) above;plus recovery from debt portfolios during such period of the Group on a consolidated basis;plus any losses arising from exceptional items during such period of the Group in an aggregate amount not exceeding EUR 5,000,000 for each financial year (prior to any adjustments for any such exceptional items);minus any net profit (and/or plus any net losses) during such period of the Group attributable to minority interests, provided however that such subtraction or addition shall only be carried out if the net profit and/or net loss during such period of the Group attributable to minority interests in aggregate amounts to more than EUR 1,000,000;minus any losses (and/or plus any gains) during such period of the Group attributable to disposals of any assets (not being any disposals made in the ordinary course of business);plus depreciation of tangible fixed assets during such period; andplus amortisation of intangible fixed assets during such period.
Cash EBITDA means, for any period, an amount determined consistent with past practice for the Company and its Subsidiaries on a consolidated basis equal to (a) the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus (ii) Consolidated Interest Expense, plus (iii) provisions for taxes based on income, plus (iv) total depreciation expense, plus (v) total amortization expense, plus (vi) other non-Cash items reducing Consolidated Net Income (excluding any such non-Cash item to the extent that it represents an accrual or reserve for potential Cash items in any future period or amortization of a prepaid Cash item that was paid in a prior period and excluding any write-down of a right to receive a payment or other consideration), minus (b) the sum, without duplication of the amounts for such period of (i) other non-Cash items increasing Consolidated Net Income for such period (excluding any such non-Cash item to the extent it represents the reversal of an accrual or reserve for potential Cash item in any prior period), plus (ii) interest income, plus (iii) other income, plus
Cash EBITDA means the Cash and Cash Equivalents generated within the Relevant Period minus the Consolidated Operating Expenses for the Group.