Rocket Companies Investor Presentation Deck
Endnotes
1.
Reconciliation of Adjusted EBITDA to
Net Income ($ amounts in millions)
Net income
Interest and amortization expense on non-funding
debt
Income tax provision
Depreciation and amortization
Share-based compensation expense
Change in fair value of MSRs due to valuation
assumptions (net of hedges) (a)
Litigation accrual (b)
Adjusted EBITDA
2022
$1,037
39
26
21
67
(739)
Three Months Ended March 31,
$450
2021
(Unaudited)
$2,777
36
66
15
42
(499)
15
$2,452
2020
$99
33
1
16
42
766
$957
Year Ended December 31,
2021
$6,072
231
113
75
164
(487)
15
$6,182
2020
(Unaudited)
$9,399
186
132
74
163
1,288
$11,243
Note: Certain figures in the tables throughout the endnotes may not foot due to rounding.
(a) Reflects changes in assumptions including discount rates and prepayment speed assumptions, mostly due to changes in
market interest rates, and the effects of contractual prepayment protection associated with sales of MSRs.
(b) Reflects legal accrual related to a specific legal matter.
ROCKET
Companies
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