Investor Presentaiton
Reconciliation of Non-GAAP Financial Measures to
Reported Financial Measures (in millions)
CONAGRA
BRANDS.
Q3 FY21
Add Back:
Income tax expense
Net income attributable to Conagra Brands, Inc.
Income tax expense attributable to noncontrolling interests
Interest expense, net
Depreciation
Amortization
Earnings before interest, taxes, depreciation, and amortization
Restructuring plans
1
Acquisitions and divestitures
Corporate hedging derivative losses (gains)
Pension settlement and valuation adjustment
Early extinguishment of debt
Consulting fees on tax matters
$
281.4
S
Q3 FY20
204.4
% Change
37.8%
101.6
68.9
(0.2)
(0.2)
100.6
117.7
81.7
84.2
14.9
14.9
580.0
S
489.9
18.4%
6.6
21.9
1.5
0.6
(6.4)
3.8
(1.9)
24.4
5.3
Adjustment to contract settlement gain
0.1
Loss (gain) on divestiture of businesses
(49.7)
0.2
Legal matters
4.3
Adjustment to gain on Ardent JV asset sale
0.6
Adjusted Earnings before interest, taxes, depreciation, and amortization $
566.0
S
515.2
9.9%
Excludes comparability items related to depreciation.
56
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