Investor Presentaiton
Reg. G Adjusted EBITDA - Continuing Operations (1)(2)
2012
% margin
2013
% margin
2014
% margin
2015
% margin
2016
% margin
EBITDA and Adjusted EBITDA Reconciliation
Revenue
$ 3,726.8
Income (loss) from continuing operations before non-
controlling interests
Interest expense, net
Provision for income taxes
Depreciation and amortization
EBITDA - Continuing Operations
Non-cash stock-based compensation expense
Goodwill and intangible asset impairment
Acquisition integration & restructuring costs
Audit committee investigation related costs
Project results from non-controlled joint venture
Court mandated settlement
$ 4,324.8
$ 4,611.8
$ 4,208.3
$ 5,134.7
$ 116.6
3.1%
$ 147.7
37.4
1.0%
76.1
2.0%
46.4
92.5 2.1%
3.4%
1.1%
$ 122.0
2.9%
50.8 1.2%
76.4
$ (79.7) (1.9)%
48.1 1.1%
$ 134.0
2.6%
50.7
1.0%
1.8%
12.0 0.3%
91.8 1.8%
92.0
2.5%
140.9 3.3%
154.5
3.7%
$ 322.1
8.6%
427.6 9.9%
$ 403.7
8.8%
$ 150.0
169.7 4.0%
3.6%
164.9 3.2%
$ 441.5 8.6%
4.4 0.1%
12.9
0.3%
15.9
0.4%
12.4 0.3%
15.1 0.3%
78.6
1.9%
5.3
0.1%
17.8 0.4%
15.2 0.3%
16.5 0.4%
16.3 0.4%
5.1
0.1%
12.2 0.3%
4.4
0.1%
(Gain) loss on equity investee interest rate swaps
Legacy litigation claims and other disputes
Sintel litigation settlement expense
9.6
0.3%
2.8
0.1%
Gain from remeasurement of equity interest in acquiree
Charges (recoveries) from multiemployer pension plans
Notes:
Loss from extinguishment of debt
(1) Differences due to rounding, $ in millions
5.6 0.1%
Adjusted EBITDA - Continuing Operations
$ 336.1 9.0%
$ 448.9
10.4%
$ 424.9
9.2%
$ 308.1
7.3%
$ 476.9
9.3%
33
33
(2) Additional non-GAAP reconciliations are included in Company's SEC filings and press releasesView entire presentation