Overstock Results Presentation Deck
Adjusted EBITDA Reconciliation
Adjusted EBITDA
Retail
tZERO
MVI
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.
$
$
$
$
Dec-2019
,194
(10,628)
(2,695)
(3,442)
(18,959)
7,998
4,606
(262)
(1,547)
(94)
(29,660)
$
$
$
Sep-2019
$
(2,460 $ 16,856)
(13,207)
(7,256)
(57
(11,233)
(2,691)
(3,461)
(4,008)
(3,987)
(1,714)
(1,687)
(27,513) $
9,565
$ (17,960) $ (13,143) $ (23,662)
185
1,757
7,518
6,614
8,664
4,467
3,985
2,702
(392)
4,781
23
$
1,406 $
(1,221)
185
Jun-2019
1,581 $
(8,729)
(2,586)
(3,409)
$
7,464
5,171
(622)
(34,542) $ (27,626)
(525)
2,995
$
$
Three months ended
$
Mar-2019
(276)
6,272
878
(42,892)
1,757
1,757
$
$
$
Dec-2018
$
6,000
3,565
Sep-2018
9,565 $
(20
(4,056)
(1,691)
(897)
(26,804) $
10,783
7,999
2,246
(563)
1,848
1,999
(1,939)
(141)
(47,941) $ (49,257)
(282)
$
Jun-2018
0,14
(9,577)
(2,693)
(425)
(62,844) $
(6,816)
7,535
2,973
(225)
(368)
(27)
$ (65,916) $
(6,816)
$ (24,372)
(4,382)
(1,197)
(639)
(30,590)
9,870
7,499
6,435
330
9
(277)
(54,456)
10,783
10,783 $ (6,816)
Mar-2018
$
7,259
1,600
1,011
9,870
Dec-2019
Year ended
$
$ (111,537
(43,797) (25,271)
(11,981)
(7,296)
(14,298)
(3,647)
$ (73,724) $ (147,751)
1,942
29,594
23,402
31,697
14,356
18,229
(1,455)
12,501
185
$ (134,720)
$
Dec-2018
1,406
(740)
3,488
(2,384)
$ (217,570)
$
1,757
(1,221)
$ 1,942 $
6,000
3,565
443
1,600
11,794
23,402
49
*Special legal expenses include charges and credits associated with our Delaware gift card escheatment matter and legal fees associated with pursuing our strategic alternatives.
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