Anixter International Inc. Financial Statement Analysis
The following table presents a reconciliation from net income from continuing operations to EBITDA and Adjusted EBITDA:
(In millions)
Net income from continuing operations
Interest expense
Income taxes
Depreciation
Amortization of intangible assets
EBITDA
(a)
Total of items impacting operating income
Foreign exchange and other non-operating (income) expense
Stock-based compensation
Adjusted EBITDA
(a)
2019
$
Fiscal Year
2018
2017
2016
2015
262.9 $ 156.3 $ 109.0 $ 121.1 $ 96.9
77.1
76.3
74.7
78.7
63.8
30.5
66.9
128.6
76.4
86.0
37.2
31.7
28.2
27.9
22.2
35.0
37.3
36.1
37.6
24.9
$
442.7
$ 368.5 $ 376.6 $ 341.7 $ 293.8
12.5
13.3
8.0
27.7
38.3
(3.0)
10.2
0.6
19.3
20.4
20.0
18.9
18.1
16.5
13.9
$
472.2 $
410.9 $ 403.3 $ 405.2 $ 366.4
Items impacting operating income excludes amortization of intangible assets and CEO retirement agreement expense in the
calculation of adjusted EBITDA as amortization is already added back in the EBITDA calculation and CEO retirement
agreement expense is added back as part of stock-based compensation.
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