Investor Presentaiton
Return on Average Capital Employed (ROACE) Reconciliation
The following table presents our calculation of E&P ROACE and Total ROACE and a reconciliation of such measures to the corresponding
GAAP financial measures.
Return on Average Capital Employed
($ in thousands)
2019
For the Years Ended December 31,
2018
2017
2016
Net income (loss) (GAAP)
Adjustments to Net income (see Adjusted EBITDA reconciliation schedule)
122,982
487,774
$
299,764
253,459
138,007
(97,057)
198,056
254,949
Adjusted EBITDA attributable to Matador Resources Company Shareholders (Non-GAAP)
Cash inflows from midstream transactions
$
610,756 $
553,223 $
336,063 $
157,892
14,700
14,700
171,500
Total cash inflows from midstream transactions and Adjusted EBITDA (Non-GAAP)
$
625,456
567,923
$
507,563
157,892
Total Assets
Less: Total Current Liabilities
Total Capitalization
Average Total Capitalization (1)
E&P ROACE = [(a)/(c)]
Total ROACE = [(b)/(c)]
(1) Average for the current and immediately preceding year.
$
4,069,676 $
3,455,518
$
2,145,690
1,464,665
(399,772)
(330,022)
(282,606)
(169,505)
$
3,669,904 $
3,125,496 $
1,863,084 $
1,295,160
$ 3,397,700
2,494,290
1,579,122
18%
22%
21%
18%
23%
32%
(1) Estimated using federal statutory tax rate in effect for the period.
Matador 58
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