Investor Presentaiton
Adjusted
Net Income and Free Cash Flow Reconciliations
Net income to Adjusted net income reconciliation
Three months ended
June 30,
LTM Ended June 30,
2020
2019
2020
2019
(unaudited)
(unaudited)
Net income attributable to Generac Holdings. Inc.
Net income attributable to noncontrolling interests
Net income
Provision for income taxes
$66,145
(2,553)
$61,958
(252)
$255,793 $258,170
(3,957)
2,524
63,592
61,706
251,836
260,694
18,473
18,827
61,404
73,870
Income before provision for income taxes
82,065
80,533
313,240
334,564
Amortization of intangible assets
7,667
7,251
31,499
23,591
Amortization of deferred financing costs and OID
644
1,199
3,622
4,758
Loss on extinguishment of debt
926
Transaction costs and credit facility fees
191
173
(103)
2,972
Loss on pension settlement, restructuring and other
11,460
73
24,222
1,027
Adjusted net income before provision for income taxes
102,027
89,229
373,406
366,912
Cash income tax expense
(13,877)
(14,105)
(44,552)
(55,155)
Adjusted net income
$88,150
$75,124
$328,854
$311,757
Adjusted net income attributable to noncontrolling interests
Adjusted net income attributable to Generac Holdings. Inc.
342
$88,492
(222)
$74,902
1,131
$329,985
(3,174)
$308,583
Free Cash Flow Reconciliation
Net cash provided by operating activities
$101,768
$8,043
$399,387
$190,184
"Proceeds from beneficial interests in
securitization transactions"
706
Expenditures for property and equipment
(13,438)
653
(18,474)
Free cash flow
$89,036
$(9,778)
2,558
(52,758)
$349,187
3,400
(69,651)
$123,933
50
30
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