3Q 2020 Financial Performance Overview
Supplemental Data
EBITDA and Adjusted EBITDA Reconciliation
($ in millions)
Three Months Ended
Nine Months Ended
AAM
September 30,
September 30,
2020
2019
2020
2019
Net income (loss)
Interest expense
Income tax expense (benefit)
$
117.2 $
(124.1)
$
(597.2)
(29.7)
53.9
54.3
160.0
163.9
(22.5)
(40.4)
(63.1)
(37.4)
Depreciation and amortization
125.0
134.2
393.7
411.5
EBITDA
273.6
24.0
(106.6)
508.3
Restructuring and acquisition-related costs
9.7
11.7
38.6
36.0
Debt refinancing and redemption costs
5.2
5.1
6.7
7.5
Impairment charges
225.0
510.0
225.0
Loss on sale of business
1.0
Non-recurring items:
Malvern fire charges, net of recoveries
8.6
8.6
Adjusted EBITDA
$
297.1
$
265.8
$
458.3
$
776.8
as % of net sales
21.0%
15.8%
14.0%
15.2%
(®)
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