Optimize, Evolve, Transform: Expanding the Rimini Street Solutions Portfolio
RS
GAAP to Non-GAAP Reconciliations
ytd-Q3,
(US$ in millions)
GAAP Net Income (Loss) (1)
2018
($66.1)
2019 2020 2021
$21.4 $11.6 $75.2
2022
2022
ytd-
Q3,2023
($2.5)
$2.8
$16.7
Interest expense
32.5
0.4
0.1
1.6
4.3
3.0
4.1
Income tax expense (1)
2.0
2.7
4.6
(55.8)
6.3
5.2
13.2
Depreciation and amortization expense
1.8
1.9
1.8
2.4
2.5
1.9
2.0
EBITDA
Litigation costs, net of related recoveries
Write-off of deferred financing costs
Post-judgment interest on litigation award
Other debt financing expenses (2)
($29.8) $26.4 $18.0
$23.4
$10.6
$12.8
$36.0
1.3
0.7
(0.8)
14.6
16.9
25.3
12.4
5.5
(0.2) (0.2)
58.2
Loss on embedded derivatives and warrants
Impairment operating lease right-of-use assets
0.6
(3.9)
1.4
4.2
0.0
1.2
1.6
3.0
Stock-based compensation expense
4.4
5.5
7.5
9.7
10.9
8.7
9.1
Reorganization costs
2.5
0.1
Adjusted EBITDA
$35.3
$27.0
$42.6
$55.8
$52.3
$33.9
$50.6
1. Includes: (2018) fair-market-value charge for warrants change in classification from equity to liability method, and (2021) deferred income tax gain of $62.3 million.
2. 2018 includes the write-off of debt discount, issuance and other costs from the payoff and termination of our former credit facility, see 2018 form 10-K.
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