2022 Sustainability Report - Building a Sustainable Future
Non-GAAP Measures Quantitative Reconciliation
*
*
Net Working Capital Reconciliation ($M)
Free Cash Flow Reconciliation ($M)
Cash Flow From Operations & Investing Reconciliation ($M)
September 30, 2023
Q3 2023
TTM
Q3 2022
TTM
Q3 2023 Q3 2022
TTM
TTM
Trade and Other Receivables
1,042.5
Unbilled Revenue
Inventories
759.4
29.7
Profit Before Income Taxes
183.0
36.2
Free Cash Flow
(58.6)
(120.7)
Finance cost
66.6
52.0
Finance income
(7.5)
(1.1)
Defined benefit pension
0.6
(0.4)
Prepaid Expenses
100.6
Operating Profit
242.0
87.2
Stock-based compensation settlements and receipts
(3.8)
(3.0)
Less
Depreciation and amortization
88.3
92.3
Concession deferred revenue
(4.0)
(3.8)
Gain on sale of assets
(228.0)
(6.6)
Unrealized foreign exchange (gain) / loss
(4.1)
3.0
Trade and Other Payables
1,178.3
Income from projects accounted for using the equity
method
Increase (decrease) in provisions
3.3
4.9
(19.2)
(16.4)
Provisions
19.0
Stock-based compensation expense
22.0
20.0
@
Equity Project EBITDA
Deferred Revenue
354.4
Adjusted EBITDA
57.6
140.7
56.6
Decrease (increase) in restricted cash balances
(11.1)
(2.4)
213.0
Investment in concession rights
0.1
Net Working Capital
380.5
Cash interest paid
(60.0)
(46.4)
Increase in long-term financial assets
(15.0)
(0.1)
Cash interest received
Purchase of property, plant and equipment
Proceeds on sale of property, plant and equipment
7.5
(22.6)
74.1
1.0
Proceeds on sale of a subsidiary, net of cash on hand
317.6
(32.2)
10.4
Net cash outflow on acquisition of a business
Other
(30.4)
(0.4)
(0.8)
Equity Project EBITDA Reconciliation ($M)
Increase in intangible assets
(10.6)
(3.5)
Total Reconciling Items
305.0
(13.0)
Income taxes paid
(32.8)
(32.8)
03 2023
TTM
03 2022
TTM
Free Cash Flow before Working Capital and net JV Impact
Change in other balances related to operations
Equity Project EBITDA
96.3
109.6
Cash Flow from Operations
(87.6)
(77.2)
(99.0)
(176.1)
Cash Flow from Investing Activities
334.0
(56.5)
(57.6)
(56.6)
Cash Flow from Operations and Investing Activities
246.4
(133.7)
Operating profit of projects accounted
Distributions from projects accounted for using the equity
method
1.7
2.4
57.1
55.8
for using the equity method
Free Cash Flow
(58.6)
(120.7)
Depreciation and amortization of
projects accounted for using the
0.5
0.8
equity method
Equity Project EBITDA
57.6
56.6
ACCON
This is a non-GAAP financial measure. Refer to page 2 in this presentation.
* Totals may not add due to rounding.
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