Investor Presentaiton
Q1'21 EARNINGS PRESENTATION
APPENDIX C
($ in millions)
Reconciliation of GAAP to Non-GAAP EBITDA (Unaudited)
Quarter Ended
3/31/2021
12/31/2020
Quarter Ended
3/31/2020
Net Income (Loss) Attributable to Weatherford
$
(116)
$ (200)
$
(966)
Net Income Attributable to Noncontrolling Interests
6
5
8
Net Income (Loss)
(110)
(195)
(958)
Interest Expense, Net
70
70
58
Income Tax Provision
23
21
44
Depreciation and Amortization
111
116
157
EBITDA
94
12
(699)
Other (Income) Expense Adjustments:
Reorganization Items
Impairments and Other Charges
Restructuring Charges
Share-Based Compensation
Other Expense, Net
Adjusted EBITDA
[1]
9
(3)
817
92
26
4
4
(3)
25
102
$
98
$
178
Please see the corresponding earnings release available on Weatherford's website for additional information and additional GAAP to Non-GAAP reconciliation tables
[1] In the first quarter of 2020 the Company reported adjusted EBITDA excluding stock-based compensation.
15
©2021 Weatherford International plc. All rights reserved.View entire presentation