Pet Humanization and Premiumization Driving Spend
Adjusted EBITDA Reconciliation
($mm)
Net Income/(Loss)
2018A
2019A
9M Q3'19
(64.7)
(51.7)
(38.3)
9M Q3'20
(49.0)
Income Tax Benefit (Expense)
0.3
0.5
Income/(Loss) Before Income Taxes
(64.9)
(52.2)
0.3
(38.6)
Other Income (Expense)
(0.0)
(1.1)
(0.3)
0.1
(49.1)
(2.1)
Interest Income (Expense)
2.5
2.6
2.2
(2.0)
Operating Income/(Loss)
(67.4)
(53.7)
(40.5)
(45.0)
Depreciation and Amortization
7.1
8.4
6.4
7.0
IDS Amortization
2.5
5.2
3.6
5.6
On-Demand Service Depr Acceleration
2.6
EBITDA
(57.8)
Stock-Based Compensation (2)
6.9
(40.1)
4.5
(30.5)
3.2
(2)
Restructuring Expense
-
-
(29.9)
4.3
3.8
Acquisition-Related Costs"
Adjusted EBITDA
(3)
1.7
(49.2)
(35.2)
0.3
(27.0)
0.3
0.0
(21.9)
Rover
Note: 2018A and 2019A full year metrics are audited; 9M Q3'19 and 9M Q3'20 are not audited
1.
2.
3.
23
Stock-based compensation expense includes equity granted to employees as well as professional services to non-employees
Restructuring expense includes one-time expenses for severance-related and legal costs incurred during the implementation of our restructuring plan
Acquisition-related costs are one-time accounting, legal, consulting and travel related expenses incurred in connection with Business Combinations
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