LTM Adjusted EBITDA definition

LTM Adjusted EBITDA means net income on a consolidated basis for the Corporation and its Subsidiaries, plus interest expense, plus tax expense, plus depreciation and amortization expense, plus employee share-based compensation expense, plus acquisition and integration related expenses, and plus equity issuance and related offering costs, in each case, for the trailing 12 calendar months (“Adjusted EBITDA”), and plus, without duplication, the Acquired EBITDA of any Pro Forma Entity acquired by the Corporation or a Subsidiary during such period to the extent not subsequently disposed by the Corporation, and calculated as if such acquisition occurred on the first day of such period with adjustments made through the date of acquisition.

LTM Adjusted EBITDA means Adjusted EBITDA for the 12 month period to 31 December 2017.

LTM Adjusted EBITDA means Consolidated EBITDA for the period of four fiscal quarters ending on the last day of the most recent fiscal quarter for which financial statements are internally available.

Examples of LTM Adjusted EBITDA in a sentence

• LTM Adjusted EBITDA is defined as Adjusted EBITDA for the last twelve month period to the date reported.

• Non-GAAP Measures To supplement our condensed consolidated financial statements presented on a GAAP basis, RBI reports the following non-GAAP financial measures: EBITDA, Adjusted EBITDA, LTM Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted Earnings per Share (“Adjusted Diluted EPS”), Organic revenue growth, Organic Adjusted EBITDA growth, Free Cash Flow, LTM Free Cash Flow and Net Leverage.

• Represents pro forma LTM Adjusted EBITDA impact of the PAC and HAI dispositions, which both occurred during the second quarter of 2016.

• Reconciliation of Total Debt to Net Debt and Net Debt to LTM Adjusted EBITDA and Credit Facility LTM Adjusted EBITDA We believe the presentation of Net Debt, LTM Adjusted EBITDA, Credit Facility LTM Adjusted EBITDA, Net Debt to LTM Adjusted EBITDA and Net Debt to Credit Facility LTM Adjusted EBITDA is important to provide management and investors with additional important information to evaluate our business.

• Adjusted EBITDA Net Leverage is defined as net debt (total debt less cash and cash equivalents) divided by LTM Adjusted EBITDA.

More Definitions of LTM Adjusted EBITDA

LTM Adjusted EBITDA means, for Parent and its consolidated subsidiaries (including, for avoidance of doubt, the pre-Effective Date LTM Adjusted EBITDA of the Company and its consolidated subsidiaries), for any trailing twelve month period ending on any calendar quarter following the Effective Date, "Adjusted EBITDA" calculated in a manner consistent with the calculation thereof set forth under the caption "Summary unaudited pro forma and historical consolidated financial data" set forth in that certain Offering Memorandum dated June 21, 2002 pursuant to which WH Acquisition Corp. privately placed an aggregate of $165 million of its 11.75% Senior Subordinated Notes due 2010. The Company shall pay the aforementioned fees and expenses to Sponsor or its designee on a quarterly (calendar year) basis, in arrears. "Senior Credit Agreement" means that certain Credit Agreement (as the same may be amended, restated or otherwise modified from time to time) to be dated on or about July 31, 2002, among the Company, the subsidiaries of Parent listed therein as guarantors, the lenders listed therein, UBS Warburg LLC, as arranger, UBS AG, Stamford Branch, as administrative agent and collateral agent, and the other parties listed therein as agents.

LTM Adjusted EBITDA means Adjusted EBITDA for the 12 month period to 31 March 2018.

LTM Adjusted EBITDA means, as of any date, the Company’s Adjusted EBITDA on a consolidated basis for any applicable preceding twelve (12) month period.

LTM Adjusted EBITDA means Adjusted EBITDA for the 12 month period to 30 June 2019.

LTM Adjusted EBITDA means, as determined in accordance with U.S. GAAP, the consolidated net earnings of the Company, including net earnings attributable to any non-controlling interest before interest income or expense, income taxes, depreciation, amortization, and any expenses arising solely from the Merger charged to income in such period.

LTM Adjusted EBITDA means Adjusted EBITDA for the 12 month period to 30 June 2020.

LTM Adjusted EBITDA means, if the Closing occurs on or before November 15, 2000, XXXXXX for the twelve (12) month period ended June 30, 2005 derived from (a) the financial records used to prepare the Restated Financial Statements for the six month period ended December 31, 2004 and (b) the financial records used to prepare the Financial Statements for the six month period ended June 30, 2005, adjusted (without duplication) to (i) reflect adjustments of the type and calculated consistent with the amounts set forth on the Debt Financing Schedule, provided that the amounts set forth under “One-Time Costs”, “Management Proforma Adjustments” and the line item “Other 2005 Normalizing Adjustments” on the Debt Financing Schedule are not subject to change. If the Closing occurs after November 15, 2005, the nine (9) month period ended September 30, 2005 shall be substituted for the six (6) month period ended June 30, 2005 in the previous sentence and the three (3) month period shall be substituted for the six (6) month period referred to in clause (a) above.