FY24 Pipeline and Capital Deployment Overview
NON-GAAP FINANCIAL INFORMATION (Unaudited)
Three Months Ended
December 31,
Nine Months Ended
December 31,
(In thousands, except share and per share data)
Revenue, Excluding Billable Expenses
Revenue
Less: Billable expenses
Revenue, Excluding Billable Expenses
*
Adjusted Operating Income
2023
2022
2023
2022
$
2,569,801 $
$
799,896
1,769,905 $
2,277,074 $
710,526
1,566,548 $
7,890,569 $
2,436,988
5,453,581 $
6,825,650
2,069,733
4,755,917
Operating Income
$
247,558 $
58,640 $
Change in provision for claimed indirect costs (a)
748,965 $
(18,345)
489,756
Acquisition and divestiture costs (b)
1,952
19,096
5,480
40,121
Financing transaction costs (c)
820
6,888
Significant acquisition amortization (d)
13,597
14,101
40,301
36,275
Legal matter reserve (e)
124,000
27,453
124,000
Adjusted Operating Income
$
263,107 $
215,837
$
804,674
$
697,040
EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin on Revenue & Adjusted EBITDA Margin on Revenue, Excluding Billable Expenses
Net income attributable to common stockholders
$
145,644 $
30,997
$
477,750
$
340,213
Income tax expense
61,740
10,539
156,291
103,286
Interest and other, net (f)
Depreciation and amortization
EBITDA
Change in provision for claimed indirect costs (a)
Acquisition and divestiture costs (b)
Financing transaction costs (c)
Legal matter reserve (e)
Adjusted EBITDA
Net income margin attributable to common stockholders
40,174
17,412
114,924
46,907
41,113
42,046
123,867
121,200
288,671
100,994
872,832
611,606
(18,345)
1,952
19,096
5,480
40,121
820
6,888
124,000
27,453
124,000
$
290,623
$
244,090
$
888,240 $
782,615
5.7 %
Adjusted EBITDA Margin on Revenue
Adjusted EBITDA Margin on Revenue, Excluding Billable Expenses
11.3 %
1.4 %
10.7 %
6.1 %
5.0%
11.3 %
11.5 %
16.4 %
15.6 %
16.3 %
16.5 %
* Revenue, Excluding Billable Expenses includes $18.3 million of revenue resulting from the reduction to our provision for claimed indirect costs as noted on slide 24.
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