GAAP to Non-GAAP Costs and Expenses Reconciliation
Adjusted EBITDA reconciliation
Reconciliation of net income (loss) to adjusted EBITDA
(in millions)
Three months ended
Net income (loss)
Depreciation and amortization
Share-based compensation
September 30, 2022
$(65.2)
December 31, 2022
$17.5
March 31, 2023
$(208.6)
June 30, 2023
$(34.9)
September 30, 2023
$6.7
10.5
19.6
6.2
5.1
4.9
136.2
170.3
143.1
169.6
171.9
Interest income (expense), net
(8.9)
(16.6)
(24.9)
(24.9)
(26.7)
Other expense (income), net
9.7
(6.3)
(0.3)
(2.2)
4.6
Provision for (benefit from) income taxes
(5.0)
11.3
(9.9)
(11.2)
10.4
Restructuring costs
0.0
0.0
121.3
5.6
0.0
Non-cash charitable contribution
0.0
0.0
0.0
0.0
12.9
Adjusted EBITDA
$77.3
$195.8
$27.0
$107.0
$184.7
P
Note: Adjusted EBITDA is a non-GAAP financial measure. We define adjusted EBITDA as net income (loss) adjusted to exclude depreciation and amortization expense, share-
based compensation expense, interest income (expense), net, other income (expense), net, provision for (benefit from) income taxes, restructuring charges and non-cash
charitable contributions. Note: Totals may not sum due to rounding.
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