OpenText Investor Presentation Deck
Reconciliation of Adjusted EBITDA and Free Cash Flows
(In '000's U.S. dollars)
FY'16
Adjusted EBITDA
GAAP-based net income, attributable to Open Text $
Add:
Provision for (recovery of) income taxes
Interest and other related expense, net
Amortization of acquired technology-based
intangible assets
Amortization of acquired customer-based
intangible assets
Depreciation
Share-based compensation
Special charges (recoveries)
Other (income) expense, net
Adjusted EBITDA
Total revenue
GAAP-based net income margin
Adjusted EBITDA margin (% of total revenue)
Free Cash Flows
GAAP-based cash flows provided by operating
activities (1)
Add:
Capital expenditures (2)
Free cash flows
FY'12
$
$
12,171
15,564
125,174 $ 148,520 $ 218,125
84,572
FY'13
53,326
68,745
21,587
24,496
18,097
15,575
24,523
24,034
(3,549)
2,473
$ 351,465 $ 424,125
$ 1,207,473 $ 1,363,336
10.4 %
10.9 %
29.1 %
31.1 %
266,490
29,690
16,982
$
93,610
FY'14
318,502
58,461
27,934
69,917
$ 1,624,699
13.4 %
33.1 %
$ 417,096
81,023
108,239
35,237
50,906
19,906
22,047
12,823
31,314
(3,941)
28,047
$ 537,976 $ 623,649
(25,828)
(23,107)
(42,268)
240,662 $ 295,395 $ 374,828
FY'15
$ 234,327
31,638
54,620
$
81,002
$ 1,851,917
12.7 %
33.7%
522,055
$ 284,477
6,282
76,363
74,238
113,201
54,929
25,978
34,846
1,423
$ 671,737
$ 1,824,228
15.6 %
36.8 %
$ 523,663
FY'17
$ 1,025,659
(776,364)
120,892
130,556
$ 2,291,057
44.8%
34.7%
$ 440,353
FY'18
150,842
184,118
64,318
86,943
30,507
27,594
63,618
(15,743)
29,211
(17,973)
$ 794,285 $ 1,020,351
$
143,826
138,540
185,868
242,224 $ 285,501 $ 234,225 $ 310,672
$ 2,815,241
8.6 %
36.2 %
708,081
FY'19
154,937
136,592
$
183,385
189,827
97,716
26,770
35,719
(10,156)
$ 1,100,291
$ 2,868,755
10.0 %
38.4 %
876,278
FY'20
110,837
146,378
$
205,717
219,559
89,458
29,532
100,428
11,946
$ 1,148,080
$ 3,109,736
7.5%
36.9 %
(77,046)
(70,009)
(79,592)
(105,318)
(63,837)
(72,709)
$ 445,009 $ 453,654 $ 360,761 $ 602,763 $ 812,441 $ 881,827
954,536 $
1. Effective July 1, 2018, we adopted ASU No. 2016-18 using the retrospective method. Fiscal years 2014-2020 have been adjusted retrospectively to conform to current period presentation while fiscal years 2011-2013 are presented prior to adoption of ASU 2016-18.
2. Defined as "Additions of property & equipment" in the Consolidated Statements of Cash Flows
opentext™
FY'21
339,906
151,567
216,544
85,265
51,969
1,748
(61,434)
$ 1,315,033
$
218,796
$ 3,386,115
9.2 %
38.8%
876,120
(63,675)
812,445
OpenText ©2021 All rights reserved
50View entire presentation