Investor Presentaiton
RECONCILIATION
OF NET INCOME
ΤΟ
CONSOLIDATED
ADJUSTED
($ in millions)
Net income (loss) attributable to common stockholders
Adjustments: (1)
Less: Net Income attributable to noncontrolling
interests
Income tax expense
EBITDA
FY16
FY21
$
(396.3)
$
838.3
6.4
4.2
89.8
243.4
Other income, net
(14.4)
(10.9)
(Gain) loss on extinguishment of debt
(2.7)
9.7
Interest expense, net
212.5
372.3
Restructuring and other costs
366.4
31.5
Multiemployer pension withdrawal income
(2.9)
Pension risk transfer expense
370.7
Gain on sale of certain closed facilities
(0.9)
Loss from discontinued operations
544.7
Depreciation, depletion, and amortization
1,084.7
1,460.0
Other adjustments
25.8
54.5
Consolidated Adjusted EBITDA
$
2,287.6
$
2,999.2
Net Sales
$
14,171.8 $
18,746.1
Net income margin
Consolidated Adjusted EBITDA Margin
-2.8%
16.1%
4.5%
16.0%
32
1) Schedule adds back expense or subtracts income for certain financial statement and segment footnote items to compute Consolidated Adjusted
EBITDA.
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