Investor Presentaiton
Non-GAAP reconciliations
2017
2018
2019
1Q20
GAAP Net Income ($M)
Adjustments:
($85)
($240)
($339)
($62)
Stock Based Compensation
Warrant Expense
ӨӨ
$4
$15
$13
$3
$0
$18
($6)
$1
Net Impairment
$0
$13
($5)
($2)
Intangibles Amortization Expense
$0
$1
$3
Restructuring
$0
$0
Convertible Note Interest & Discount Amortization
$0
$0
ӨӨ
$3
毎毎
$1
$1
$4
$3
Other
$0
$1
$0
$0
Adjusted Net Income
($81)
($192)
($327)
($56)
Adjustments:
Depreciation & Amortization
$1
$5
$15
$5
Property Financing
$16
$48
$84
$18
Other Interest and Amortization of Loan Costs
$7
$12
$21
$7
Interest Income
($1)
($4)
($12)
($3)
Taxes
$0
$0
$0
Adjusted EBITDA
($57)
($131)
($218)
($28)
Adjusted EBITDA Margin
(8.0%)
(7.1%)
(4.6%)
(2.3%)
Note:
Financials may not sum due to rounding
Other reflects Other Income, Other Expense, and Gain/(Loss) on Mortgage Rate Lock Commitment
49View entire presentation