Investor Presentaiton
GAAP to Non-GAAP Reconciliation
13 Weeks Ended July 30, 2022
Debt related charges
Net (loss) income
(In thousands, except per share amounts)
Diluted earnings per
common share
Effective tax rate
Weighted average common
shares oustanding- diluted
GAAP Basis
60,066
(42,466) $
(0.24)
10.9%
180,189
% of Revenue
Non-GAAP Basis
Less: Debt related charges
Dilution (2)
(1)
% of Revenue
5.1%
60,066
-3.5%
49,126
0.28
26,512
0.0%
6,660
0.6%
0.04
46.4%
206,701
(1)
(2)
Pre-tax debt related charges of $60.1 million related primarily to the induced conversion expense on the exchange of our convertible notes, along with certain other costs related to actions
we took to strengthen our capital structure.
Dilution of 26.5 million shares consists of 25.3 million shares from the Company's 2025 notes and 1.2 million shares of equity awards. As GAAP results were a net (loss), these shares
were not included in the diluted earnings per share denominator.
AEO INC.View entire presentation