Investor Presentation
Non-GAAP Financial Measures & Reconciliations
Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
$ in thousands, unless specified
Net (loss) income attributable to stockholders
Net income attributable to noncontrolling interests
Interest expense, net
Impairment of goodwill and intangibles
Depreciation and amortization
EBITDA
Loss on discontinued operations
Gain on extinguishment of debt
Loss on impairment of investment
Restructuring charges (1)
Legal charges related to SEC investigation and shareholder lawsuits
Accreted contingent compensation obligation to sellers of World Energy
(Gain) loss on disposal of assets
Change in fair value of interest rate swaps
2021
Three Months Ended December 31,
2022
Twelve Months Ended December 31,
2022
2021
($43,151)
($15,124)
($93,931)
$28,790
721
0
1,140
0
7,920
4
10,062
39
877
9,483
0
5,507
682
8,419
1,756
(28,126)
(14,438)
(64,827)
30,585
14,719
9,306
40,112
23,812
0
0
(4,527)
0
0
3,000
0
3,000
8,394
5,534
9,939
5,534
3,809
0
9,553
36
49
(77)
0
1,049
(851)
(2,981)
(580)
26
2,978
0
(5,554)
0
Change in fair value of obligation to issue shares of common stock
5
(547)
(535)
(565)
Meter upgrade campaign
483
0
663
0
Other one-time costs
216
0
332
Change in fair value warrant liabilities
(2)
(8,178)
(5,148)
Non-recurring acquisition/divestment expenses
1,828
0
Adjusted EBITDA
$3,489
($8,255)
16,544
($4,105)
0
(90,138)
498
($26,199)
(1) Amount for the three months ended December 31, 2022 represents severance charges of $3.6 million and equity accelerations of $4.8 million. The amount for the
twelve months ended December 31, 2022 also includes severance charges of $1.5 million relating to the restructuring of the business in the first quarter..
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