Financial Performance Summary Q1 2023
Adjusted EBITDA Reconciliation
in millions
Adjusted net income (1)
Add: Adjusted interest expense (1)
Add: Adjusted income tax expense (1)
Add: Adjusted depreciation and amortization(1)
Adjusted EBITDA from Continuing Ops
Debt, as reported
Less: BKI Deal Related Debt, as reported (2)
Adjusted Debt
Adjusted Debt-to-EBITDA leverage ratio
Twelve Months
Ended 3/31/2023
$2,961
468
905
430
$4,764
$18,123
(4,955)
$13,168
2.8x
(1) Adjusted figures represent non-GAAP measures. Please refer to slides in the appendix for reconciliations to the equivalent GAAP measures.
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(2) BKI Deal Related Debt represents the balance of our issued 2025 Notes, the 2027 Notes, the 2029 Notes and the 2062 Notes which include special mandatory redemption provisions in the event that the deal is not
consummated.
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