1Q21 Financial Performance Update slide image

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 13
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