When Getting It Right Matters
EBITDAS – YTD (as of 9/30)
-
($ Millions)
Net Income
Add back:
Income taxes
Interest income, net
Depreciation and amortization
EBITDA¹
Stock-based compensation
EBITDAS¹
YTD as of
9/30/2022
YTD as of
9/30/2023
% Change
$79.8
$79.4
-1%
21.9
26.4
21%
-0.8
-5.2
n/m
5.2
6.5
25%
106.1
107.1
1%
16.1
17.2
7%
$122.2
$124.3
2%
1 EBITDA is a non-GAAP financial measure defined by the Company as net income before income taxes, interest income, depreciation and amortization. EBITDAS is a non-GAAP financial measure defined by the Company as EBITDA before
stock-based compensation. The Company regards EBITDA and EBITDAS as useful measures of operating performance and cash flow to complement operating income, net income and other GAAP financial performance
measures. Additionally, management believes that EBITDA and EBITDAS provide meaningful comparisons of past, present and future operating results. Generally, a non-GAAP financial measure is a numerical measure of a company's
performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. These measures,
however, should be considered in addition to, and not as a substitute or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP.
Exponent
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