Total Growth Model: Cloud and ARR Growth
Reconciliation of Adjusted EBITDA and Free Cash Flows
(In '000's U.S. dollars)
GAAP-based net income, attributable to OpenText
Add:
Provision for 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
EA
Q2 FY'24
37,675
Q2 FY'23
$
258,486
$
FY'24 YTD
118,576
FY'23 YTD
$
141,557
8,054
50,774
18,406
84,399
139,292
38,715
281,056
79,097
70,784
40,863
147,608
83,500
113,925
53,446
234,117
107,884
33,415
22,858
67,506
46,032
40,175
28,822
77,270
52,030
54,166
10,306
67,960
24,587
68,784
(163,349)
48,614
25,882
$
566,270 $
340,921
$
1,061,113
644,968
Total revenue
GAAP-based net income margin
Adjusted EBITDA margin (% of total revenue)
(In '000's U.S. dollars)
GAAP-based cash flows provided by operating activities
Add:
1,534,868
897,440
2.5 %
36.9 %
28.8 %
38.0 %
2,960,297
4.0 %
35.8 %
1,749,476
8.1 %
36.9 %
Q2 FY'24
Q2 FY'23
FY'24 YTD
FY'23 YTD
350,653 $
195,170 $
397,774 $
327,129
Capital expenditures (1)
Free cash flows
$
(45,240)
305,413 $
(32,215)
162,955 $
(82,779)
314,995 $
(68,539)
258,590
(1) Defined as "Additions of property and equipment" in the Consolidated Statements of Cash Flows.
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