Investor Presentaiton
Adjusted EBITDA reconciliation by segment -
Q1'20, FY19, & FY18
Homes
Q1'20 Reconciliation of Adjusted EBITDA to Net Loss
Net loss (1)
Income tax benefit
Loss before income taxes
Other income
Depreciation and amortization expense
IMT
Mortgages Corporate Items (2)
(in thousands, unaudited)
N/A
N/A
N/A
N/A
N/A
$(97,958)
$(41,507)
Consolidated
N/A
N/A
$(13,145)
N/A
$(163,273)
(9,228)
$(19,891)
(172,501)
(202)
(9,391)
(9,593)
3,575
23,777
1,674
29,026
Share-based compensation expense
Impairment Costs
11,304
29,547
2,944
43,795
73,900
2,900
76,800
Interest expense
8,084
226
29,282
37,592
Adjusted EBITDA
$(74,995)
$85,717
$(5,603)
$5,119
FY'19 Reconciliation of Adjusted EBITDA to Net Loss
(in thousands, unaudited)
Net loss (1)
N/A
N/A
N/A
N/A
$(305,361)
Income tax (benefit) expense
N/A
N/A
N/A
N/A
(4,258)
Income (loss) before income taxes
$(312,120)
$80,060
$(44,962)
Other income
(1,409)
$(32,597)
(38,249)
(309,619)
(39,658)
Depreciation and amortization expense
8,414
73,369
5,684
87,467
Share-based compensation expense
32,390
150,434
16,078
198,902
Interest expense
Adjusted EBITDA
29,990
956
70,846
101,792
$(241,326)
$303,863
$(23,653)
$38,884
FY'18 Reconciliation of Adjusted EBITDA to Net Loss
(in thousands, unaudited)
Net loss (1)
N/A
N/A
N/A
N/A
Income tax (benefit) expense
N/A
N/A
N/A
N/A
$(119,858)
(31,102)
Loss before income taxes
Other income
$(59,691)
$(57,638)
$(13,711)
(244)
$(19,920)
(19,026)
(150,960)
(19,270)
Depreciation and amortization expense
Share-based compensation expense
Impairment costs
1,323
7,731
91,232
6,836
99,391
Acquisition-related costs
Interest expense
131,404
75,000
27
9,949
149,084
4,000
79,000
2,305
2,332
Adjusted EBITDA
2,177
$(48,460)
132
38,946
41,255
$240,025
$9,267
$200,832
1.We use income (loss) before income taxes as our profitability measure in making operating decisions and assessing the performance of our segments, therefore, net loss and income tax benefit are
calculated and presented only on a consolidated basis within our financial statements.
ZILLOW GROUP
2.Certain corporate items are not directly attributable to any of our segments, including interest income earned on our short-term investments included in Other income and interest costs on our convertible
senior notes included in Interest expense.
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