Reported Adjusted EBITDA definition

Reported Adjusted EBITDA means, for any period, “Adjusted EBITDA” for such period as determined by the Company by adding the Permitted EBITDA Add-Backs to Reported EBITDA and presented as its “Adjusted EBITDA” for such period in its public earnings release for such period, with the add-backs to Reported EBITDA used in the calculation of such Adjusted EBITDA (the “Permitted EBITDA Add-Backs”) separately categorized in a style similar to that used in the Company’s public earning release for the three-month period ended March 31, 2019 (in which the categories of add- backs were delineated as, inter alia, “Change in fair value of financial instruments,” “Stock-based compensation expense,” “Strategic-transaction, integration and realignment expenses,” “Internal-control and delayed audit expenses,” “Excess content expenses,” “Non-ordinary-course legal expenses” and “Losses on significant customer bankruptcies”), it being understood and agreed that the types of Permitted EBITDA Add-Backs and categories thereof in any period (but not the standards by which Permitted Add-Backs are determined appropriate, except variances consistent with any change to the law, rules or regulations applicable to such disclosure) may vary from those included in the Company’s public earnings release for the three month period ended March 31, 2019 and may vary from period to period. Without limiting any of the foregoing, it is hereby agreed that if in calculating Reported Adjusted EBITDA for any period, if any category of Permitted EBITDA Add-Back exceeds $5,000,000 in any fiscal quarter, the Company shall provide a written reconciliation (by general reasonable descriptive segments and not a line by line accounting) of the components of such Permitted EBITDA Add-Back in excess of such amount, which reconciliation shall be included in the officer’s certificate to be delivered to the Collateral Agent pursuant to Section 7.1(e) for such fiscal quarter or fiscal year in which such category of Permitted EBITDA Add-Back so exceeded such amount in the applicable fiscal quarter.
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Reported Adjusted EBITDA means, for any period with respect to Ultimate Parent and its Subsidiaries on a consolidated basis, “Adjusted EBITDA” on its financial statements filed with the SEC for such period.
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Reported Adjusted EBITDA means, for any period, “Adjusted EBITDA” for such period as determined by the Borrower by adding the Permitted EBITDA Add-Backs to Reported EBITDA and presented as its “Adjusted EBITDA” for such period in its public earnings release for such period, with the add-backs to Reported EBITDA used in the calculation of such Adjusted EBITDA (the “Permitted EBITDA Add-Backs”) separately categorized in a style similar to that used in the Borrower’s public earning release for the three-month period ended March 31, 2019 (in which the categories of add-backs were delineated as, inter alia, “Change in fair value of financial instruments,” “Stock-based compensation expense,” “Strategic- transaction, integration and realignment expenses,” “Internal-control and delayed audit expenses,” “Excess content expenses,” “Non-ordinary-course legal expenses” and “Losses on significant customer bankruptcies”), it being understood and agreed that the types of Permitted EBITDA Add-Backs and categories thereof in any period (but not the standards by which Permitted Add-Backs are determined appropriate, except variances consistent with any change to the law, rules or regulations applicable to such disclosure) may vary from those included in the Borrower’s public earnings release for the three month period ended March 31, 2019 and may vary from period to period. Without limiting any of the foregoing, it is hereby agreed that if in calculating Reported Adjusted EBITDA for any period, if any category of Permitted EBITDA Add-Back exceeds $5,000,000 in any fiscal quarter, the Borrower shall provide a written reconciliation (by general reasonable descriptive segments and not a line by line accounting) of the components of such Permitted EBITDA Add-Back in excess of such amount, which reconciliation shall be included in the Compliance Certificate to be delivered to the Administrative Agent pursuant to Section 6.02(a) for such fiscal quarter or Fiscal Year in which such category of Permitted EBITDA Add-Back so exceeded such amount in the applicable fiscal quarter.
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Examples of Reported Adjusted EBITDA in a sentence

  • They will also have an opportunity to complete a written reflection about their peers in the group.

  • Since its creation, the Group has reported six quarters of Reported Total income growth, sustained improvement in Adjusted EBITDA margin and cashflow, and by the end of 2018 a 28% increase in Reported Total Income and a 38% increase in Reported Adjusted EBITDA against the previous year.

  • The improvement in Reported Adjusted EBITDA (+190bps Adjusted EBITDA Margin improvement) was driven by the increase in Total Income, combined with the delivery of synergy and cost reduction plans, although partially offset by the increased cost base from the investment to support income generators which are not yet at revenue maturity.

  • For clarity, Reported Adjusted EBITDA shall not be further adjusted for foreign exchange or acquisitions/divestitures.

  • Pro Forma balances are presented as if the significant acquisition and disposal related transactions occurred on the first day of the comparative period.The Group reports Items excluded from Reported Adjusted EBITDA of £79.5m (2017:£122.2m), and Pro Forma Adjusted EBITDA of £115.4m (2017: £184.7m) in the Annual Report.This measure and other such non-GAAP measures used are Alternative performance measures (“APMs”).

  • Reported Adjusted EBITDA includes 50% of the net income of Gramercy and St. Ann, based on transfer prices that are generally in excess of the actual costs incurred by the joint venture operations.

  • There can be standard diagramming techniques or formal languages.

  • AMR recognizes equity in earnings of the unconsolidated subsidiary in the income statement, but not in Reported Adjusted EBITDA.

  • Reported Total Income increased £48.4 million to £95.2 million (2017: £46.8 million) while Reported Adjusted EBITDA increased by £10.5 million to £18.9 million (2017: £8.4 million), predominantly driven by the acquisitions of the Ardonagh platform business of Price Forbes (22 June 2017) and of the US Binders business and assets (1 August 2017).

  • The improvement in Reported Adjusted EBITDA (+330bps Adjusted EBITDA Margin improvement) was driven by the increase in Total Income, combined with delivery of synergy and cost reduction plans.


More Definitions of Reported Adjusted EBITDA

Reported Adjusted EBITDA means, for any period, “Adjusted EBITDA” for such period as determined by the Borrower by adding the Permitted EBITDA Add-Backs to Reported EBITDA and presented as its “Adjusted EBITDA” for such period in its public earnings release for such period, with the add-backs to Reported EBITDA used in the calculation of such Adjusted EBITDA (the “Permitted EBITDA Add-Backs”) separately categorized in a style similar to that used in the Borrower’s public earning release for the three-month period ended March 31, 2019 (in which the categories of add-backs were delineated as, inter alia, “Change in fair value of financial instruments,” “Stock-based compensation expense,” “Strategic- transaction, integration and realignment expenses,” “Internal-control and delayed audit expenses,” “Excess content expenses,” “Non-ordinary-course legal expenses” and “Losses on significant customer bankruptcies”), it being understood and agreed that the types of Permitted EBITDA Add-Backs and categories thereof in any period (but not the standards by which
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Related to Reported Adjusted EBITDA

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Adjusted EBIT means, for any accounting period, net income (or net loss) of NAI and its Subsidiaries (determined on a consolidated basis), plus the amounts (if any) which, in the determination of net income (or net loss) for such period, have been deducted for (a) interest expense, (b) income tax expense (c) rent expense under leases of property, and (d) Permitted Non-Cash Charges.

  • Pro Forma Adjusted EBITDA shall have the meaning assigned to such term in Section 3.05(a).

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Consolidated Adjusted Net Income means, for any period, the net income (or net loss) of the Company and the Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP, adjusted to the extent included in calculating such net income or loss by excluding (without duplication):

  • Consolidated Adjusted Net Worth means, as of any day for the Consolidated Group, the sum of (a) total shareholders’ equity or net worth plus (b) accumulated depreciation and accumulated amortization, in each case, determined on a consolidated basis in accordance with GAAP; but excluding, in any event, for purposes hereof, unrealized gains and losses on Swap Contracts reported on a consolidated balance sheet as accumulated other comprehensive income or loss.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Modified adjusted gross income means “federal adjusted gross income”:

  • Consolidated Adjusted Debt means, at any time, the sum of, without duplication, (i) Consolidated Funded Indebtedness and (ii) the product of Consolidated Rents multiplied by 6.0.

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Combined EBITDA means, for any period, Economic Net Income less, without duplication and to the extent otherwise included in Economic Net Income, (a) (i) performance fees and allocations (other than Realized Incentive Carry and Realized Incentive Fees), (ii) investment income and (iii) non-recurring gains plus, without duplication (including with respect to any item already added back to Combined Segment Net Income in calculating Economic Net Income) and to the extent deducted in arriving at Economic Net Income, (b) (i) depreciation and amortization, (ii) interest expense, (iii) if positive, equity-based compensation, (iv) carry plan compensation expense and minority interests in performance fees, (v) expenses and charges relating to equity or debt offerings, acquisitions, investments and dispositions, (vi) non-recurring expenses, losses and charges, (vii) non-cash expenses and charges and (viii) Realized Incentive Fees; provided that any cash payment made with respect to any non-cash expenses or charges added back in computing Combined EBITDA for any earlier period pursuant to this clause (vii) shall be subtracted in computing Combined EBITDA for the period in which such cash payment is made (in the case of clauses (a)(i), (a)(ii) and (b)(iv), whether positive or negative), in each case determined on a combined segment basis for the Guarantors and Subsidiaries in accordance with GAAP. For purposes of calculating Combined EBITDA for any period of four consecutive fiscal quarters (each, a “Reference Period”), if at any time during such Reference Period (and after the Effective Date) a Guarantor or any of the Subsidiaries shall have made any Material Acquisition or Material Disposition (each as defined below), the Combined EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition or Material Disposition occurred on the first day of such Reference Period. For purposes of this definition, whenever pro forma effect is to be given to a transaction, the pro forma

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • EBITDA means earnings before interest, taxes, depreciation and amortization.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Consolidated EBITR means, for the Borrower and its Subsidiaries for any period, an amount equal to the sum of (i) Consolidated Net Income for such period, plus (ii) to the extent deducted in determining the Consolidated Net Income for such period (x) Consolidated Interest Expense, (y) income tax expense, and (z) Consolidated Rent Expense, in each case determined on a consolidated basis in accordance with GAAP.

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.