1Q21 Financial Performance Update
1Q21 Update: Revenue and EBITDA improved slightly
Consolidated Revenue
($ millions)
$278
$59
$151
$116
$123
Consolidated Net Income (Loss)
-$16
(in $millions)
-$48
T'"
-$153
-$73
-$80
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
Consolidated Adjusted EBITDA (1)
(in $millions)
$40
-$74
$15
-$33
-$26
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
(1) Consolidated Adjusted EBITDA is our non-GAAP profit measure and is defined as net income (loss) plus: (1) provision (benefit) for income taxes; (2) other income (expense), net; (3) depreciation and amortization; (4) stock-based compensation
and other stock-settled obligations; (5) goodwill, intangible asset, and long-lived asset impairments; (6) legal reserves and settlements; (7) restructuring and other related reorganization costs; and (8) non-recurring expenses and income
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