Bausch Health Companies Shareholder Engagement Presentation Deck
4
Non-GAAP Information
To supplement the financial measures prepared in accordance with U.S.
generally accepted accounting principles (GAAP), the Company uses certain
non-GAAP financial measures, including Adjusted EBITDA.
Management uses non-GAAP measures as key metrics in the evaluation of
company performance and the consolidated financial results and, in part, in
the determination of cash bonuses for its executive officers. The Company
believes non-GAAP measures are useful to investors in their assessment of
our operating performance and the valuation of our Company. In addition,
non-GAAP measures address questions the Company routinely receives
from analysts and investors and, in order to assure that all investors have
access to similar data, the Company has determined that it is appropriate to
make this data available to all investors.
However, non-GAAP measures are not prepared in accordance with GAAP
nor do they have any standardized meaning under GAAP. In addition, other
companies may use similarly titled non-GAAP financial measures that are
calculated differently from the way we calculate such measures. Accordingly,
our non-GAAP financial measures may not be comparable to similar non-
GAAP measures. We caution investors not to place undue reliance on such
non-GAAP measures, but instead to consider them with the most directly
comparable GAAP measures. Non-GAAP financial measures have
limitations as analytical tools and should not be considered in isolation. They
should be considered as a supplement to, not a substitute for, or superior to,
the corresponding measures calculated in accordance with GAAP.
BAUSCH- Health
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