Moving Infrastructure Forward - Investor Presentation
EBITDA reconciliation: Arcosa
2019P
LTM
Fiscal Years ended December 31,
$ Millions
Low
High
6/18
2017
2016
2015
Net income
$81.0
$89.0
$89.0
$89.7
$123.0
$135.0
Add:
Interest expense
$2.0
$2.0
$0.0
$0.0
$0.0
$0.4
Provision/(Benefit) for income taxes
$27.0
$29.0
$25.9
$40.4
$74.2
$84.2
Depreciation & amortization expense
$70.0
$75.0
$67.2
$65.7
$65.6
$67.8
Goodwill Impairment
$0.0
$0.0
$0.0
$0.0
$0.0
$89.5
Net income before interest expense, income
taxes, and depreciation and
amortization expense
$180.0 $195.0
$182.1
$195.8
$262.8
$376.9
"EBITDA" is defined as net income plus interest expense, income taxes, and depreciation and amortization including goodwill impairment charges. EBITDA is not a
calculation based on generally accepted accounting principles. The amounts included in the EBITDA calculation, however, are derived from amounts included in the
historical statements of operations data. In addition, EBITDA should not be considered as an alternative to net income or operating income as an indicator of our
operating performance, or as an alternative to operating cash flows as a measure of liquidity. We believe EBITDA assists investors in comparing a company's performance
on a consistent basis without regard to depreciation and amortization, which can vary significantly depending upon many factors. However, the EBITDA measure
presented in this presentation may not always be comparable to similarly titled measures by other companies due to differences in the components of the calculation.
80 / Moving Infrastructure Forward - Investor Presentation, October 2018
ARCOSAView entire presentation