Investor Presentaiton
ADJUSTED NET INCOME
AND FREE CASH FLOW RECONCILIATIONS
Net income to Adjusted net income reconciliation
Three months ended
September 30,
LTM Ended September 30,
2020
2019
2020
2019
(unaudited)
(unaudited)
Net income attributable to Generac Holdings. Inc.
Net income attributable to noncontrolling interests
Net income
Provision for income taxes
$114,970
265
$75,574
(677)
$295,189 $257,968
(3,015)
1,101
115,235
74,897
292,174
259,069
32,050
20,064
73,390
73,862
Income before provision for income taxes
Amortization of intangible assets
147,285
94,961
365,564
332,931
7,892
7,406
31,985
25,319
Amortization of deferred financing costs and OID
654
1,221
3,055
4,792
Loss on extinguishment of debt
926
Transaction costs and credit facility fees
381
165
113
2,435
Loss on pension settlement, restructuring and other
531
567
24,186
1,011
Adjusted net income before provision for income taxes
156,743
104,320
425,829
366,488
Cash income tax expense
(23,620)
(15,083)
(53,089)
(55,053)
Adjusted net income
$133,123
$89,237
$372,740
$311,435
Adjusted net income attributable to noncontrolling interests
Adjusted net income attributable to Generac Holdings. Inc.
(198)
$132,925
738
$89,975
195
(1,989)
$372,935
$309,446
Free Cash Flow Reconciliation
Net cash provided by operating activities
"Proceeds from beneficial interests in
securitization transactions"
Expenditures for property and equipment
Free cash flow
$155,196
$111,188
$443,395
$242,031
674
(7,608)
$148,262
640
(11,071)
$100,757
2,592
(49,295)
$396,692
3,144
(67,471)
$177,704
GENERAC
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