Investor Presentation December 2020
NON-GAAP RECONCILIATION
ADJUSTED EBITDA AND FREE CASH FLOW (USD IN MILLIONS)
Year Ended December 31,
2013
2014
2015
2016
2017
2018
2019
$
(68.4) $ (84.1)
90.9 $
376.1 $
8.1
141.9
$
63.0
Net Income (loss)
Adjustments:
Loss (income) from discontinued operations, net of tax
Gain (loss) on sale of discontinued operations, net of tax
Equity (earnings) loss of non-consolidated entities
Income tax expense (benefit)
Depreciation and amortization
Interest expense, net
5.9
5.4
2.9
3.3
(10.7)
(0.9)
0.4
(2.4)
(3.8)
(3.6)
(0.7)
1.1
18.9
(5.4)
(246.8)
137.8
(10.1)
57.1
104.7
100.0
95.2
108.0
111.3
125.1
134.0
71.4
69.3
60.6
77.6
79.0
70.8
71.8
Impairment and restructuring charges
44.4
38.6
31.0
18.4
13.1
17.3
22.7
Gain on previously held shares of equity investment
(20.8)
-
Loss (gain) on sale of property and equipment
(3.0)
(0.0)
(0.4)
(3.3)
(0.3)
0.1
2.0
Share-based compensation expense
5.7
8.0
15.6
22.5
19.8
15.1
13.3
Non-cash foreign exchange transaction/translation (income) loss
Other non-cash items
(4.1)
(0.5)
2.7
5.7
(1.2)
(1.3)
3.4
(0.1)
2.3
1.1
2.8
0.5
3.9
0.3
Other items (1)
7.3
20.3
18.9
30.6
47.0
117.5
47.5
(1)
Costs relating to debt restructuring and debt financing
Adjusted EBITDA
0.1
51.2
0.2
1.1
23.7
0.3
$
153.2 $
229.8
$
311.0
$
392.2 $
435.2
$
459.2
$
415.0
(1) Prior periods 2016 to 2018 revised on 08/07/19. For additional information, please refer to our Form 10-Q for the quarter period ended June 29, 2019
Net cash used in operating activities
Less Capital Expenditures (1)
Free Cash Flow
2013
2014
Year Ended December 31,
2015
2016
2017
2018
2019
($49.4)
$21.8
$172.3
$201.6
$265.8
$219.7
($85.7)
($70.8)
($77.7)
($79.5)
($63.0)
($118.7)
$302.7
($136.2)
($135.1)
($49.1)
$94.7
$122.1
$202.7
$101.0
$166.5
(1) Capital Expenditures defined as purchases of property, equipment and intangible assets
25
JW JELD-WENView entire presentation