Investor Presentaiton
Q1'21 EARNINGS PRESENTATION
APPENDIX E
($ in millions)
Adjusted EBITDA to Unlevered Free Cash Flow and Free Cash Flow (Unaudited)
Adjusted EBITDA
Cash From (Used) for Working Capital
Capital Expenditures for Property, Plant and Equipment
Cash Paid for Taxes
Cash Paid for Severance and Restructuring
Other [1]
Unlevered Free Cash Flow
Cash Paid for Interest
Free Cash Flow [2]
Quarter Ended
Quarter Ended
3/31/2021
12/31/2020
3/31/2020
$
102
$
98
$
178
60
86
(83)
(15)
(54)
(38)
(15)
(19)
(21)
(12)
(28)
(17)
(26)
12
(19)
$
94
$ 95
$
(24)
(118)
(2)
$
70
$
(23)
$
Please see the corresponding earnings release available on Weatherford's website for additional information and additional GAAP to Non-GAAP reconciliation tables
[1] Other primarily includes accruals net of payments for certain operational expenses, employee costs (excluding restructuring) and leases, inventory charges, bad debt expense,
proceeds from disposition of assets and foreign currency exchange impact.
[2] Free cash flow is a non-GAAP measure calculated as cash flows provided by (used in) operating activities, less capital expenditures for property, plant and equipment plus
proceeds from the disposition of assets. Management believes free cash flow is useful to understand liquidity and should be considered in addition to but not substitute cash flows
provided by (used in) operating activities.
77
17
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