Overstock Results Presentation Deck
Adjusted EBITDA Reconciliation
Adjusted EBITDA
Retail
tZERO
Other
Adjusted EBITDA
Less: Special items (see table below)
Less: Depreciation and amortization
Less: Stock-based compensation
Less: Interest (income) expense, net
Less: Other (income) expense, net
Less: Provision (benefit) for income taxes
Net loss
Special items:
Impairments on intangible assets
Loss on disposal of business
Cryptocurrency impairments and gains on sale, net
Severance
Special legal expenses*
Total Special Items
overstock.
*
$
$
$
Mar-2019
(2,460) $ (16,856)
(13,207)
(7,256)
(3,401)
(7,995)
(23,662)
(27,513)
1,757
9,565
6,614
8,664
3,985
2,702
(276)
6,272
878
(42,892) $
1,757
Dec-2018
1,757 $
(563)
1,999
(1,939)
(47,941)
6,000
3,565
Three months ended
$
Sep-2018
$ (20,160) $ (50,149)
(9,577)
(4,056)
(2,588)
(3,118)
(26,804)
(62,844)
10,783
(6,816)
7,999
7,535
2,246
2,973
Jun-2018
(282)
(225)
(368)
(27)
1,848
(141)
(49,257) $ (65,916)
(6,816)
Mar-2018
$ (24,372)
(4,382)
(1,836)
(30,590)
9,870
7,499
6,435
330
9
(277)
$ (54,456)
10,783
9,565 $ 10,783 $ (6,816) $
Dec-2017
7,259
1,600
1,011
9,870 $
(8,988)
(2,077)
(2,469)
(13,534)
8,113
1,068
589
1,573
71,915
$ (96,792)
Dec-2018
Year ended
$ (111,537) $
(25,271)
(10,943)
(147,751)
23,402
31,697
14,356
$
$
Dec-2017
32,847
4,077
(740)
2,278
3,488
(2,384)
(1,178)
64,188
$ (217,570) $ (111,922)
6,000
3,565
443
1,600
11,794
23,402
1,795
(7,252)
(4,253)
(9,710)
$
39
*Special legal expenses include charges associated with our Delaware gift card escheatment matter and legal fees associated with pursuing our strategic alternatives.
Adjusted EBITDA numbers for prior periods have been corrected from those previously reported in our press release and slide presentation dated March 18, 2019.
Adjusted EBITDA is a non-GAAP financial measure used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the
exclusion of GAAP financial measures. You should review our financial statements and publicly-filed reports in their entirety and not rely on any single financial measure.View entire presentation