OpenText Investor Presentation Deck
Reconciliation of Adjusted EBITDA and Free Cash Flows
(In '000's U.S. dollars)
FY'14
FY'19
FY'20
FY'21
Adjusted EBITDA
GAAP-based net income, attributable to
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Add:
Provision for (recovery of) income taxes
Interest and other related expense, net
Amortization of acquired technology-based
intangible assets
Amortization of acquired customer-based
intangible assets
Depreciation
Share-based compensation
Special charges (recoveries)
Other (income) expense, net
Adjusted EBITDA
Total revenue
GAAP-based net income margin
Adjusted EBITDA margin (% of total revenue)
Free Cash Flows
GAAP-based cash flows provided by operating
activities (1)
Add:
Capital expenditures (2)
Free cash flows
$
opentext™
$
218,125 $ 234,327 $
58,461
27,934
69,917
81,023
35,237
19,906
31,314
(3,941)
537,976
FY'15
417,096
$ 1,624,699 $ 1,851,917
13.4 %
12.7 %
33.1 %
33.7 %
(42,268)
374,828
31,638
54,620
81,002
108,239
50,906
22,047
12,823
28,047
$ 623,649
$ 522,055
FY'16
284,477
6,282
76,363
(776,364)
120,892
74,238
130,556
113,201
150,842
54,929
64,318
25,978
30,507
34,846
63,618
(15,743)
1,423
$ 671,737 $ 794,285
$ 1,824,228
15.6 %
36.8 %
FY'17
$ 1,025,659
(77,046)
(70,009)
$ 445,009 $ 453,654
523,663 $
$ 2,291,057
44.8 %
34.7 %
440,353
FY'18
242,224 $ 285,501 $ 234,225
143,826
138,540
185,868
184,118
86,943
27,594
29,211
(17,973)
$ 1,020,351
$ 2,815,241
8.6 %
36.2%
154,937
136,592
183,385
189,827
97,716
26,770
35,719
(10,156)
$ 1,100,291
$ 2,868,755
10.0 %
38.4 %
708,081 $ 876,278
110,837
146,378
205,717
219,559
89,458
29,532
100,428
11,946
$ 1,148,080
$ 3,109,736
$
7.5 %
36.9 %
954,536
(63,837)
(72,709)
(79,592) (105,318)
$ 360,761 $ 602,763 $ 812,441 $ 881,827
310,672
339,906
151,567
218,796
216,544
85,265
51,969
1,748
(61,434)
$ 1,315,033
$ 3,386,115
$
9.2 %
38.8 %
(1) Effective July 1, 2018, we adopted ASU No. 2016-18 using the retrospective method. Fiscal years 2014-2020 have been adjusted retrospectively to conform to current period
presentation while fiscal years 2012-2013 are presented prior to adoption of ASU 2016-18.
(2) Defined as "Additions of property & equipment" in the Consolidated Statements of Cash Flows.
(63,675)
S 812,445
876,120 $
FY'22
118,752
157,880
198,607
217,105
88,241
69,556
46,873
(29,118)
$ 1,264,986
397,090 $ 150,379
$ 3,493,844
11.4 %
36.2 %
981,810
FY'23
70,767
329,428
223,184
326,406
107,761
130,302
169,159
(34,469)
$ 1,472,917
$ 4,484,980
3.4 %
32.8%
$ 779,205
© 2023 Open Text
(93,109) (123,832)
$ 888,701 $ 655,373
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