Investor Presentaiton
Non-GAAP Reconciliations
Operating Cash Flow, Adjusted
We present operating cash flow, adjusted because management believes adjusting for the following items provides a more meaningful measure for investors. We do not present reconciliations for the
years ended December 31, 2019 (Projected) and December 31, 2010 as the adjusted net cash provided by operating activities in these years is the same as the GAAP net cash provided by operating
activities. Adjustments include:
Reimbursements from third parties related to build-to-suit facilities and other. Management believes investors should be informed that these reimbursements for build-to-suit leased facilities
effectively reduce net cash provided by operating activities and related capital expenditures.
2017 pension plan contribution. In 2017, we contributed $2 billion to our pension plans using net proceeds from our debt issuance. We adjusted operating cash flow to exclude this contribution to
allow investors to understand the cash flows related to our core operations in the periods shown.
Pension plan cash contributions. Operating cash flow is adjusted for our cash contributions to the pension plan as we believe this adjustment allows investors to better understand the cash flows
related to our core operations in the periods shown. This adjustment includes the 2017 pension plan contribution of $2 billion.
(in billions)
Net cash provided by operating activities
Adjustments:
Reimbursements from third parties related to build-to-suit facilities and other
2017 pension plan contribution
Net cash provided by operating activities, adjusted
$
(in billions)
Net cash provided by operating activities
Adjustments:
Pension plan cash contributions
Net cash provided by operating activities, adjusted, excluding pension plan cash contributions
Year Ended
December 31, 2017
5.0
(0.2)
2.0
6.8
(Projected)
Years Ended
December 31, 2010 to
December 31, 2019
$
54
10
64
ADELTA
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