Q2 2023 Financial Overview & Strategic Plan
ADJUSTED EBITDA
RECONCILIATION
($'S IN MILLIONS)
Net income to Adjusted EBITDA reconciliation
Three months ended
2023
June 30,
(unaudited)
2022
GENERAC
LTM Ended June 30,
2023
(unaudited)
2022
Net income attributable to Generac Holdings. Inc.
Net income attributable to noncontrolling interests
Net income
Interest expense
Depreciation and amortization
Income taxes provision
$ 45,198
$ 156,359
$ 186,913
$ 544,682
317
1,278
7,100
45,515
157,637
194,013
8,566
553,248
25,160
10,235
83,192
37,298
41,247
39,098
159,780
130,134
15,907
45,826
48,918
127,661
Non-cash write-down and other charges
(4,152)
4,607
(6,218)
(3,560)
Non-cash share-based compensation expense
10,045
7,735
33,298
28,095
Loss on extinguishment of debt
3,743
3,743
Transaction costs and credit facility fees
1,149
1,592
4,685
18,852
Business optimization, provision for regulatory clean energy product charges, and other
Adjusted EBITDA
1,673
989
76,444
1,960
136,544
271,462
594,112
897,431
Adjusted EBITDA attributable to noncontrolling interests
(520)
(3,742)
(11,573)
(12,311)
Adjusted EBITDA attributable to Generac Holdings, Inc.
$ 136,024
$ 267,720
$ 582,539
$ 885,120
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