Investor Presentaiton
Reg. G Adjusted EBITDA - Continuing Operations (1)(2)
EBITDA and Adjusted EBITDA Reconciliation
Revenue
Income (loss) from continuing operations before non-
controlling interests
Interest expense, net
Provision for income taxes
Depreciation and amortization
EBITDA - Continuing Operations
Non-cash stock-based compensation expense
2007
% margin
2008
% margin
2009
% margin
2010
% margin
2011
% margin
$ 932.4
$ 1,250.8
$ 1,482.1
$ 2,143.0
$ 2,831.3
$ (13.5) (1.5)%
$ 42.1
3.4%
$ 44.8
3.0%
$ 66.1
3.1%
$ 97.5
3.4%
9.8
1.0%
15.1
1.2%
24.7
1.7%
29.2
1.4%
34.5
1.2%
0.6
0.0%
5.7
0.4%
47.9 2.2%
61.8
2.2%
17.4
1.9%
27.1
2.2%
48.2
3.3%
56.9
2.7%
74.2
2.6%
$ 13.7
1.5%
$ 84.8
6.8%
$ 123.4
8.3%
$ 200.1
9.3%
$ 267.9
9.5%
5.6 0.6%
3.8
0.3%
3.1 0.2%
3.9
0.2%
3.6 0.1%
Goodwill and intangible asset impairment
Acquisition integration costs
Audit committee investigation related costs
Project results from non-controlled joint venture
Court mandated settlement
(Gain) loss on equity investee interest rate swaps
Legacy litigation claims and other disputes
39.3
4.2%
Sintel litigation settlement expense
Gain from remeasurement of equity interest in acquiree
Charges (recoveries) from multiemployer pension plans
Loss from extinguishment of debt
(29.0) (1.0)%
6.4 0.2%
$ 58.6
6.3%
$ 88.6
7.1%
$ 126.5 8.5%
$ 204.0
9.5%
$ 248.9
8.8%
Adjusted EBITDA - Continuing Operations
Notes:
(1) Differences due to rounding, $ in millions
(2) Additional non-GAAP reconciliations are included in Company's SEC filings and press releases
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