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Strong Cash Flows and Balance Sheet
TTM Q2 FY'22 (US$M)
Operating Cash Flows (2)
Less: CapEx
Free Cash Flows (2)
Less: Principal(³)
Less: Dividends
Less: Share Buyback
Cash Generated for
Corporate Purposes (2).(4)
$766
opentext™
$78
$688
$10
$228
$210
$240
Carbonite
Acquisition Closing
2.3x
Trended Consolidated Net Leverage Ratio (1)
1. Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology.
2. Includes IRS settlement payment of $299.6m in FY'21.
3. Excludes redemption of $850m Snr. Notes 2026 in Q2F22. As of December 31, 2021, we had no outstanding balance under the Revolver.
4. Corporate purposes may include acquisitions, debt repayment, share repurchases, or other initiatives.
2.3x
2.0x
1.8x
1.6x
1.6x
1.5x
1.4x
Zix Acquisition
Closing
2.0x
Q2 FY'20 Q3 FY'20 Q4 FY'20 Q1 FY'21 Q2 FY'21 Q3 FY'21 Q4 FY'21 Q1 FY'22 Q2 FY'22
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