Investor Presentaiton
Three months ended
09/30/2021
09/30/2020
09/30/2021
09/30/2020
$
6,188 $
4,876 $
12,755 $
21,338
Reconciliations of Non-GAAP Organic Revenue Growth and Rule of 40 (Unaudited)
(dollars in thousands)
Nine months ended
blackbaud
GAAP net income
Non-GAAP adjustments:
Add: Interest, net
Add: GAAP income tax provision
Add: Depreciation
Add: Amortization of intangibles from business combinations
Add: Amortization of software development costs)
Subtotal
Non-GAAP EBITDA
Non-GAAP EBITDA Margin
Non-GAAP adjustments:
Add: Stockbased compensation expense
Add: Employee severance
Add: Acquisition-related integration costs
Add: Acquisition-related expenses
Add: Restructuring and other real estate activities
Add: Security Incident-related costs, net of insurance²)
Subtotal
Non-GAAP Adjusted EBITDA
Non-GAAP Adjusted EBITDA Margin
Rule of 40(3)
3,921
3,230
13,860
10,650
2,517
1,756
4,946
6,948
3,135
3,722
9,486
10,858
9,153
9,968
28,277
32,054
7,986
7,789
24,068
24,828
26,712
26,465
80,637
85,338
$
32,900
$
31,341
$
93,392 $
106,676
14.2 %
13.7 %
28,926
20,843
89,480
54,556
898
68
232
1,510
4,593
(17)
(15)
(115)
(118)
67
64
196
288
(420)
6,943
(413)
7,017
851
1,321
29,475
28,067
91,979
66,336
$
62,375
$
59,408
$
27.0 %
34.5 %
185,371
27.3 %
28.7 %
$
173,012
(1) Includes amortization expense related to software development costs and amortization expense from capitalized cloud compu
ting implementation costs.
(2) Includes Security Incident -related costs incurred, net of probable insurance recoveries. Recorded expenses consisted primarily of payments to third
settlements of customer claims. Not included in this adjustment were costs associated with enhancements to our cybersecurity
program.
(3) Measured by non-GAAP organic revenue growth plus non -GAAP adjusted EBITDA margin. See Non-GAAP organic revenue growth table on prior slide.
-party service providers and consultants, including legal fees, as well as
43
43View entire presentation