Investor Presentaiton
RECONCILIATION OF RETURN ON INVESTED CAPITAL
Return on invested capital ("ROIC") is calculated by dividing Adjusted EBITA, net of tax (a non-GAAP measure) by average invested capital.
Adjusted EBITA, net of tax, is calculated as Adjusted EBITDA (a non-GAAP measure), less stock-based compensation expense, less depreciation expense, less
income taxes based on a tax rate that has been adjusted to exclude the impact of certain non-recurring and non-operating items that impacted income taxes
calculated in accordance with GAAP.
Average invested capital is the average of invested capital at the beginning of the applicable fiscal year and invested capital at the end of the applicable fiscal year.
Invested capital is equal to (1) total assets, less cash and cash equivalents and assets of discontinued operations, minus (2) total current liabilities less current
maturities of long-term debt and short-term debt, current portion of operating lease liabilities, and current liabilities of discontinued operations.
2022
QUANTA
2015
Adjusted EBITDA (a non-GAAP measure)
$
525,804 $ 1,684,938
Less: Depreciation
Less: Stock-based compensation
Adjusted EBITA
(162,845)
(290,647)
(36,939)
(105,600)
326,020
1,288,691
Income tax provision based on adjusted tax rate
(122,844)
(323,075)
$
203,176 $
965,616
Adjusted EBITA, net of tax
Total Assets (GAAP as reported)
Less: Cash and cash equivalents
Less: Current liabilities
Plus: Current maturities of long-term debt and short-term debt
Plus: Current portion of operating lease liabilities
Plus: Current liabilities of discontinued operations
Invested capital
Prior year invested capital
Average Invested Capital
Return on Invested Capital (ROIC)
$ 5,213,543
(128,771)
(1,203,744)
7,067
$ 13,464,337
(428,505)
(3,406,194)
37,495
74,052
15,313
3,903,408
4,233,975
9,741,185
9,568,549
$ 4,068,692
$ 9,654,867
5.0 %
10.0 %
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